One Point of Light Foundation Inc
One Point of Light Foundation Inc is a private independent foundation based in Astoria, New York. The organization has been tax-exempt since March 2000 and holds 501(c)(3) status. It operates as a grantmaking foundation focused on philanthropic activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
+1.9% YoY
Annual Giving
$312K
-17.8% YoY
Grant Count
35
-22.2% YoY
Avg Grant Size
$9K
+5.7% YoY
Under IRS private-foundation payout rules, One Point of Light Foundation Inc reported a distributable amount of $482K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds operating expenses, college scholarship funds, and college scholarship tournaments. Recent grantmaking has supported organizations across diverse sectors including environmental conservation, education, and social services.
Grantmaking
The foundation made 50 grants in 2023. Recent grant recipients and amounts include:
Ready to take the next step with One Point of Light Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation is based in Astoria, New York and supports organizations operating in the New York area and beyond.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $9,822,824
- Total Revenues: $585,348
- Total Expenses: $536,265
- Total Liabilities: $0
- Number of Employees: 0
The foundation maintains a strong financial position with assets significantly exceeding annual expenditures.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,006,003 | $9,822,824 | $9,109,707 |
| Revenue | $631,431 | $585,348 | $719,424 |
| Expenses | $473,109 | $536,265 | $426,601 |
| Qualifying Distributions | $336,312 | $448,148 | $347,061 |
| Net Investment Income | $494,504 | $175,675 | $154,104 |
| Distributable Amount | $481,906 | $453,841 | $456,422 |
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
160 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Karl a Spahlinger Scholarship Fund ($38,500), Queens County Farm Museum ($21,000), Queens Botanical Garden ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A BETTER COLLEGE POINT CIVIC ASSOCI COLLEGE POINT, NY | OPERATING EXPENSES | $6,000 |
| AMERICAN RED CROSS WASHINGTON, DC | OPERATING EXPENSES | $11,000 |
| BOWERY MISSION NEW YORK, NY | OPERATING EXPENSES | $11,000 |
| CLIFFSIDE DIALYSIS CENTER COLLEGE POINT, NY | OPERATING EXPENSES | $6,500 |
| COASTAL PRESERVATION NETWORK COLLEGE POINT, NY | OPERATING EXPENSES | $11,000 |
| COLLEGE POINT LITTLE LEAGUE COLLEGE POINT, NY | OPERATING EXPENSES | $6,000 |
| COLLEGE POINT MEMORIAL DAY PARADE COLLEGE POINT, NY | OPERATING EXPENSES | $7,000 |
| COLLEGE POINT ROLLER HOCKEY COLLEGE POINT, NY | OPERATING EXPENSES | $7,000 |
| COLLEGE POINT VOL AMBULAN COLLEGE POINT, NY | OPERATING EXPENSES | $11,000 |
| FIRST REFORMED CHURCH COLLEGE POINT, NY | OPERATING EXPENSES | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Gary W Weeks serves as Manager of the foundation, with reported compensation of $51,500 as of November 2023.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY W WEEKS | FOUNDATION M | 25 | $57,000 |
| MICHAEL VIETRI | DIRECTOR | — | — |
| ANAIVYS MERCADER | DIRECTOR | — | — |
| LYNNE SERPE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does One Point of Light Foundation Inc fund?
The foundation primarily funds operating expenses, college scholarship funds, and college scholarship tournaments. Recent grantmaking has supported organizations across diverse sectors including environmental conservation, education, and social services.
How do I apply for a grant from One Point of Light Foundation Inc?
The foundation made 50 grants in 2023. Recent grant recipients and amounts include: • Coastal Preservation Network: $11,000 (Operating Expenses, 2023) • ExpandED Schools: $11,000 (Operating Expenses, 2023) • The Bowery Mission: $11,000 (Operating Expenses, 2023) The foundation also supports the Karl A Spahlinger Scholarship Fund among other grantees.
Where does One Point of Light Foundation Inc make grants?
The foundation is based in Astoria, New York and supports organizations operating in the New York area and beyond.
What size grants does One Point of Light Foundation Inc award?
In 2024, One Point of Light Foundation Inc awarded 35 grants totaling $312K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is One Point of Light Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, One Point of Light Foundation Inc reported a distributable amount of $482K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is One Point of Light Foundation Inc's EIN?
One Point of Light Foundation Inc's EIN (Employer Identification Number) is 11-3490562. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in One Point of Light Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with One Point of Light Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching One Point of Light Foundation Inc to a real strategy.