Norathco Foundation
Norathco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Ithaca, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 52 grants totaling $141K. Net investment income was $57K.
Key facts about Norathco Foundation
- EIN
- 16-1731980
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $140,500
- Grants made (2024)
- 52
- Average grant
- $2,702
- Median grant
- $2,000
- New grantees (estimate)
- 2% first-time grantees (1 of 52, 2024)
- Total assets
- $2,104,629
- Primary geography
- New York (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Norathco Foundation funds
By grant dollars, the top recipient states for Norathco Foundation's 52 itemized 2024 grants were New York (74%), District of Columbia (11%) and Massachusetts (5%). The most frequent recipient cities were Ithaca, NY (30 grants), New York, NY (6 grants), Washington, DC (2 grants) and Boston, MA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Norathco Foundation open to new grantees?
2%
first-time grantees, 2024
In 2024, 1 of 52 grantees (2%) were first-time recipients. First grants averaged $10K; repeat grants $3K. How we count
Medians: $10K first-time, $2K repeat.
- 98% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Norathco Foundation
- How to evaluate Norathco Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-4.2% YoY
Annual Giving
$141K
-7.3% YoY
Grant Count
52
-3.7% YoY
Avg Grant Size
$3K
-3.7% YoY
Under IRS private-foundation payout rules, Norathco Foundation reported a distributable amount of $171K for 2024 — the minimum it must pay out in qualifying distributions.
About Norathco Foundation
Based on IRS filings
Norathco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Ithaca, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 52 grants totaling $141K. Net investment income was $57K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 52 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,104,629 | $2,197,009 | $2,409,891 |
| Revenue | $86,312 | $13,440 | $258,932 |
| Expenses | $199,296 | $202,337 | $182,823 |
| Qualifying Distributions | $170,443 | $160,939 | $144,101 |
| Net Investment Income | $57,459 | $8,690 | $221,936 |
| Distributable Amount | $170,710 | $149,674 | $151,064 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
277 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Center for Reproductive Rights ($10,000), Collegiate School ($10,000), Reproductive Freedom for All Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR REPRODUCTIVE RIGHTS New York, NY | GENERAL SUPPORT | $10,000 |
| COLLEGIATE SCHOOL New York, NY | GENERAL SUPPORT | $10,000 |
| REPRODUCTIVE FREEDOM FOR ALL FOUNDATION Washington, DC | GENERAL SUPPORT | $10,000 |
| WHARTON STUDIO MUSEUM Ithaca, NY | GENERAL SUPPORT | $10,000 |
| BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION New York, NY | GENERAL SUPPORT | $5,000 |
| HARVARD COLLEGE FUND Boston, MA | GENERAL SUPPORT | $5,000 |
| PLANNED PARENTHOOD FEDERATION OF AMERICA Washington, DC | GENERAL SUPPORT | $5,000 |
| BREAST CANCER RESEARCH FOUNDATION New York, NY | GENERAL SUPPORT | $3,000 |
| CANCER RESOURCE CENTER OF THE FINGER LAKES Ithaca, NY | GENERAL SUPPORT | $3,000 |
| CAYUGA MEDICAL CENTER FOUNDATION Ithaca, NY | GENERAL SUPPORT | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Frederick D Cowett | Sole DIRECTOR,PRES.,TREAS. | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Norathco Foundation?
Norathco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Ithaca, NY. It holds $2.1M in total assets as of 2024.
How large is Norathco Foundation?
As of 2024, Norathco Foundation holds $2.1M in total assets with $86K in annual revenue. It awarded 52 grants totaling $141K in 2024.
Where does Norathco Foundation operate?
Norathco Foundation has awarded grants in California, Connecticut, District of Columbia, Illinois, Massachusetts, New Jersey, New York, Oklahoma, Rhode Island, Washington.
What size grants does Norathco Foundation award?
In 2024, Norathco Foundation awarded 52 grants totaling $141K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Norathco Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Norathco Foundation reported a distributable amount of $171K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Norathco Foundation's EIN?
Norathco Foundation's EIN (Employer Identification Number) is 16-1731980. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.