The Related Affordable Foundation is a 501(c)(3) charitable organization and corporate foundation headquartered at 30 Hudson Yards in New York City. The foundation is committed to enriching the lives of affordable housing residents and breaking the generational cycle of poverty through strategic grantmaking and direct programming.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+97.5% YoY
Annual Giving
$1.8M
+9.1% YoY
Grant Count
45
+12.5% YoY
Avg Grant Size
$39K
-3.0% YoY
Mission & Focus Areas
The foundation's mission centers on enriching the lives of affordable housing residents and breaking the generational cycle of poverty. The organization operates across four primary program areas:
- Education: Awarding scholarships and partnering with local nonprofits to host back-to-school drives, after-school programs, and summer programs
- Food Security: Addressing food insecurity by supporting hunger relief programs and meal initiatives
- Health & Wellness: Promoting balanced lifestyles in served communities through health and wellness program sponsorships
- Workforce Development: Supporting job skills training and pathways toward economic success
Grantmaking
The foundation made 45 grants in 2023, with total grant distributions of approximately $1,123,895. Recent grant recipients and amounts include:
How to Apply
requires students to submit applications and invite two adults to provide character reference letters.
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across multiple regions, with documented grantmaking activity in New York, Texas, Illinois, Virginia, and other locations. The foundation has established partnerships with nonprofits in Chicago and has supported programs in communities including Riverhead, NY.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary:
- Total revenues: $1,095,365
- Total expenses: $2,052,372
- Total assets: $822,498
- Number of employees: 2
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,624,785 | $822,498 | $1,730,836 |
| Revenue | $3,206,401 | $1,095,365 | $3,350,000 |
| Expenses | $2,454,466 | $2,052,372 | $2,221,459 |
| Qualifying Distributions | $1,760,000 | $1,613,570 | $1,726,262 |
| Net Investment Income | $12,746 | $9,657 | — |
| Distributable Amount | $28,369 | $46,856 | $62,299 |
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
210 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE A BEAL JR | VICE PRESIDENT | — | — |
| MATTHEW K FINKLE | TREASURER | — | — |
| DAVID J PEARSON | SECRETARY | — | — |
| JEFFREY I BRODSKY | DIRECTOR | — | — |
| LELEAH JAMES | MEMBER | — | — |
| MANUEL MENENDEZ JR | MEMBER | — | — |
| MATT VULANICH | MEMBER | — | — |
Contact Information
- Website: www.relatedaffordablefoundation.org
- Phone: 212-801-1000
- Address: 30 Hudson Yards, 72nd Floor, New York, NY 10001-2170
- EIN: 47-5195759
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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