Red Crane Foundation
Red Crane Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $65.7M in total assets. In 2024, it awarded 7 grants totaling $4.5M. Net investment income was $9.2M.
Red Crane Foundation at a glance
In short: Red Crane Foundation gave $4.5M across 7 grants in 2024 (avg $650K), top state California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,550,000
- +30.0% vs 2023
- Grants made (2024)
- 7
- +250.0% vs 2023
- Average grant
- $650,000
- -62.9% vs 2023
- Median grant
- $125,000
- Total assets
- $65,725,581
- +8.8% vs 2023
- Primary geography
- California (47% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Red Crane Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Charles Schwab Charitable Fund (DAF) ($2.0M). Together the top 7 received $4.5M.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was in the $1–5M range: 6 grants of 14 (43%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Red Crane Foundation gives
- Giving fell 71% from 2021 to 2024. Method
- In 2024 it paid out 116% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.6M (2022) to $15.9M (2021). In 2024 it made 7 grants totaling $4.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Charles Schwab Charitable Fund (DAF) San Francisco, CA | General Purpose | $2,000,000 |
| Nature Conservancy Arlington, VA | General Purposae | $1,250,000 |
| Upstream USA Inc Boston, MA | General Purpose | $1,000,000 |
| Luminary Impact Fund San Francisco, CA | General Purpose | $125,000 |
| Linden Trust for Conservation New York, NY | General Purpose | $100,000 |
| Hark-ALS Hillsborough, NJ | General Purpose | $50,000 |
| SeaChange Capital Partners Inc New York, NY | General Purpose | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $65,725,581 | $12,120,476 | $4,861,546 | $4,550,000 | 7 | $4,581,267 | $9,164,511 | $3,934,192 |
| 2023 | $60,406,497 | $5,853,669 | $3,703,241 | $3,500,000 | 2 | $3,520,718 | $3,959,578 | $3,623,578 |
| 2022 | $59,385,587 | $4,981,174 | $2,176,084 | $1,620,000 | 3 | $1,627,167 | $4,822,996 | $3,508,704 |
| 2021 | $56,630,126 | $34,466,458 | $16,220,431 | $15,912,500 | 1 | $15,912,500 | $19,111,911 | $3,692,127 |
| 2020 | $51,220,444 | $2,967,833 | $3,640,575 | $3,320,310 | 1 | — | $2,723,395 | $3,056,251 |
Under IRS private-foundation payout rules, Red Crane Foundation reported a distributable amount of $3.9M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Red Crane Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carson Gleberman
Trustee
On filings since 2020
1 hr/week
No compensation reported
Joseph H. Gleberman
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Red Crane Foundation
How much does Red Crane Foundation give each year?
Red Crane Foundation gave $4.5M across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.5M across 2 grants.
What is Red Crane Foundation's typical grant size?
Red Crane Foundation's median grant in 2024 was $125,000, and its average grant was $650,000, across 7 grants on its 2024 IRS Form 990-PF.
Where does Red Crane Foundation give grants?
Red Crane Foundation's top state is California, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (27%) and Massachusetts (22%). The most frequent recipient cities were San Francisco, CA (2 grants) and New York, NY (2 grants).
Does Red Crane Foundation give general operating support?
Yes: 100% of Red Crane Foundation's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Red Crane Foundation's largest grantees?
Red Crane Foundation's largest 2024 grantees include Charles Schwab Charitable Fund (DAF) ($2,000,000), Nature Conservancy ($1,250,000) and Upstream USA Inc ($1,000,000), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is Red Crane Foundation?
Red Crane Foundation reported $65.7M in total assets on its 2024 IRS Form 990-PF. It paid out $4.6M in qualifying distributions that year, against a required minimum of $3.9M (roughly 5% of its investment assets).
What is Red Crane Foundation's EIN?
Red Crane Foundation's EIN (Employer Identification Number) is 13-3632753. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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