One Heart Charitable Trust

INWOOD, NY EIN: 47-6788232

One Heart Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INWOOD, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68.2M in total assets. In 2024, it awarded 1 grants totaling $3.5M. Net investment income was $2.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$68.2M

+39.8% YoY

Annual Giving

$3.5M

+210.1% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$3.5M

+210.1% YoY

Under IRS private-foundation payout rules, One Heart Charitable Trust reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.

About One Heart Charitable Trust

Based on IRS filings

One Heart Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INWOOD, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68.2M in total assets. In 2024, it awarded 1 grants totaling $3.5M. Net investment income was $2.9M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Inwood

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$6M$13M$19M$25M20202021202220232024
Metric202420232022
Total Assets$68,196,345$48,777,028$42,071,160
Revenue$22,956,645$7,869,551$6,760,341
Expenses$3,541,428$1,165,183$2,456,048
Qualifying Distributions$3,460,148$1,115,870$2,383,440
Net Investment Income$2,867,934$2,018,869$1,737,975
Distributable Amount$2,401,296$1,869,014$1,613,800

Giving Over Time

Total grant dollars and number of grants per year

$0$865K$2M$3M$3M1 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

SEE ATTACHED SCHEDULE$3.5M

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attached Schedule ($3,460,148).

RecipientPurposeAmount
SEE ATTACHED SCHEDULE INWOOD, NYCHARITABLE$3,460,148

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
CHARLES EDOUARD GROSTRUSTEE
SANDRA GROSTRUSTEE

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is One Heart Charitable Trust?

One Heart Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INWOOD, NY. It holds $68.2M in total assets as of 2024.

How large is One Heart Charitable Trust?

As of 2024, One Heart Charitable Trust holds $68.2M in total assets with $23.0M in annual revenue. It awarded 1 grants totaling $3.5M in 2024.

Where does One Heart Charitable Trust operate?

One Heart Charitable Trust has awarded grants in New York.

What size grants does One Heart Charitable Trust award?

In 2024, One Heart Charitable Trust awarded 1 grants totaling $3.5M — an average of about $3.5M per grant, based on its IRS Form 990 filings.

How much is One Heart Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, One Heart Charitable Trust reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is One Heart Charitable Trust's EIN?

One Heart Charitable Trust's EIN (Employer Identification Number) is 47-6788232. 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.

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