Related Affordable Foundation Inc
Related Affordable Foundation Inc is a private foundation based in New York, NY. It is a charitable, tax-exempt 501(c)(3) organization committed to enriching the lives of affordable housing residents and breaking the generational cycle of poverty. Its support includes scholarships and programs in education, food security, health and wellness, and workforce development.
Related Affordable Foundation Inc at a glance
In short: Related Affordable Foundation Inc gave $1.8M across 45 grants in 2024 (avg $39K), top state Florida. 44% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,760,000
- +9.1% vs 2023
- Grants made (2024)
- 45
- +12.5% vs 2023
- Average grant
- $39,111
- -3.0% vs 2023
- Median grant
- $24,350
- Total assets
- $1,624,785
- +97.5% vs 2023
- New grantees (estimate)
- 44% first-time grantees (15 of 34, 2024)
- Primary geography
- Florida (23% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Related Affordable Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Its scholarship program asks applicants to invite two adults to provide a recommendation letter and completed character reference form.
- Contact
Mailing address: 30 Hudson Yards 72Nd Floor, New York, NY 10001
Phone: (212) 801-1000
Website: https://relatedaffordablefoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Related Affordable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was YMCA of South Florida ($408K across 2 grants). Together the top 10 received $1.4M.
Grant Size Distribution
217 grants across all recorded years
The most common grant size was under $50K: 163 grants of 217 (75%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grants went to recipients in multiple states. The largest shares of grant dollars went to Florida (23%), New York (20%), Texas (15%), Illinois (15%), and Maryland (7%). Its website describes scholarship recipients in 2025 as including students in New York, Illinois, and Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 45 itemized grants.
States
Cities
Is Related Affordable Foundation Inc open to new grantees?
44%
first-time grantees, 2024
In 2024, 15 of 34 grantees (44%) were first-time recipients. First grants averaged $23K; repeat grants $74K. How we count
Medians: $3K first-time, $43K repeat.
- 47% of 2024 grantees were also funded in 2023. Method
- Giving grew 65% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.1M (2021) to $1.8M (2024). In 2024 it made 45 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of South Florida Fort Lauderdale, FL | 2024 YMCA Path to Health Program Grant | $204,075 |
| YMCA of South Florida Fort Lauderdale, FL | 2024 YMCA Path to Health Program Grant | $204,075 |
| YMCA of Greater Houston Houston, TX | 2024 grant - apartment programming - 333 holly, the pines, pineview at grogans mill, and ridgewood at panther creek | $112,763 |
| YMCA of Greater Houston Houston, TX | 2024 grant - apartment programming - 333 holly, the pines, pineview at grogans mill, and ridgewood at panther creek | $112,762 |
| Kaboom Inc Bethesda, MD | 2024 Playspace Project | $100,000 |
| After School Matters Inc Chicago, IL | Summer 2024 Program Session Costs | $81,675 |
| After School Matters Inc Chicago, IL | Murual Arts Program at South Shore | $81,674 |
| Rising Tide Effect Inc Brooklyn, NY | Ocean Park Program | $67,585 |
| Meals on Wheels of Rockland Nanuet, NY | Provide meals to residents of walnut hill, west haverstraw, maplewood gardens, and warren knolls | $67,129 |
| Meals on Wheels of Rockland Nanuet, NY | Provide meals to residents of walnut hill, west haverstraw, maplewood gardens, and warren knolls | $67,129 |
Ready to take the next step with Related Affordable Foundation Inc?
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 | $1,624,785 | $3,206,401 | $2,454,466 | $1,760,000 | 45 | $1,760,000 | $12,746 | $28,369 |
| 2023 | $822,498 | $1,095,365 | $2,052,372 | $1,613,570 | 40 | $1,613,570 | $9,657 | $46,856 |
| 2022 | $1,730,836 | $3,350,000 | $2,221,459 | $1,731,245 | 39 | $1,726,262 | — | $62,299 |
| 2021 | $585,919 | $1,442,584 | $1,375,551 | $1,069,128 | 36 | $1,069,128 | — | $42,452 |
| 2020 | $521,901 | $1,449,725 | $1,487,338 | $1,238,372 | 57 | — | — | $38,323 |
Under IRS private-foundation payout rules, Related Affordable Foundation Inc reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation says it works to enrich the lives of affordable housing residents and break the generational cycle of poverty. Its stated focus areas include scholarships and nonprofit partnerships for back-to-school, after-school, and summer programs; hunger relief and meal initiatives; health and wellness programs; and training in job-relevant skills.
Its 2024 grants included support for a range of nonprofit activities. KABOOM! describes its mission as ending playspace inequity through kid-designed playspaces. After School Matters says it provides Chicago public high school teens with opportunities to develop talents and skills for work, college, and beyond. Rising Tide Effect says it works to prevent drowning and provide swimming lessons and water-safety education to underserved communities. Other supported organizations describe work in food rescue and food access, youth career pathways, and zoo and community enrichment.
The foundation’s scholarship program supports affordable housing residents pursuing education at accredited trade or professional institutions, colleges, and universities. The foundation describes its goal as eliminating economic barriers to post-secondary education. Its website reports that 2025 scholarship recipients were pursuing varied majors, including engineering, comics and illustration, computer science, and psychology.
Grantmaking
In 2024, the foundation reported 45 grants totaling $1,760,000. Grant amounts ranged from $1,500 to $204,075, with a median of $24,350. Notable grants included $204,075 to YMCA of South Florida for its Path to Health program; $112,763 and $112,762 to YMCA of Greater Houston for apartment programming; $100,000 to KABOOM! for a playspace project; and $81,675 to After School Matters for summer program session costs. A separate $81,674 grant to After School Matters supported a mural arts program at South Shore.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Bruce A. Beal Jr. as vice president, Matthew K. Finkle as treasurer, and David J. Pearson as secretary. Directors and members listed are Jeffrey I. Brodsky, Leleah James, Manuel Menendez Jr., and Matt Vulanich.
Related Affordable Foundation Inc's 2024 filing lists 7 officers; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jeffrey I. Brodsky
Director
On filings since 2020
No compensation reported
Bruce A. Beal Jr.
Vice President
On filings since 2020
No compensation reported
David J. Pearson
Secretary
On filings since 2020
No compensation reported
Matthew K. Finkle
Treasurer
On filings since 2020
No compensation reported
Leleah James
Member
On filings since 2023
No compensation reported
Manuel Menendez Jr.
Member
On filings since 2023
No compensation reported
Matt Vulanich
Member
On filings since 2023
No compensation reported
Former officers (1)
- Former: Stephen M. Ross (2020–2023) — President & Chairman
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 Related Affordable Foundation Inc
How much does Related Affordable Foundation Inc give each year?
Related Affordable Foundation Inc gave $1.8M across 45 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.6M across 40 grants.
What is Related Affordable Foundation Inc's typical grant size?
Related Affordable Foundation Inc's median grant in 2024 was $24,350, and its average grant was $39,111, across 45 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Related Affordable Foundation Inc that year got $23K on average.
Where does Related Affordable Foundation Inc give grants?
Related Affordable Foundation Inc's top state is Florida, with 23% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (20%) and Texas (15%). The most frequent recipient cities were Chicago, IL (6 grants), Nanuet, NY (3 grants), Norfolk, VA (3 grants) and New York, NY (3 grants).
Does Related Affordable Foundation Inc give general operating support?
Occasionally: 4% of Related Affordable Foundation Inc's 2024 grants with a stated purpose (2 of 45) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "RAF 2024 Scholarship" (11 grants).
Who are Related Affordable Foundation Inc's largest grantees?
Related Affordable Foundation Inc's largest 2024 grantees include YMCA of South Florida ($408,150 across 2 grants), YMCA of Greater Houston ($225,525 across 2 grants) and After School Matters Inc ($163,349 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 45% of its itemized 2024 grant dollars.
How large is Related Affordable Foundation Inc?
Related Affordable Foundation Inc reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).
What does Related Affordable Foundation Inc fund?
The foundation says it works to enrich the lives of affordable housing residents and break the generational cycle of poverty. See mission & focus areas ↑
How do I apply for a grant from Related Affordable Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Related Affordable Foundation Inc's EIN?
Related Affordable Foundation Inc's EIN (Employer Identification Number) is 47-5195759. IRS Form 990 filing data is available on this page for 2020–2024.
Does Related Affordable Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Related Affordable Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Related Affordable Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Related Affordable Foundation Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/related-affordable-foundation-inc-morg_2c7795ddb4194eb89035369d48c23b07
BibTeX
@misc{grantable_475195759_2026,
author = {{Grantable}},
title = {{Related Affordable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/related-affordable-foundation-inc-morg_2c7795ddb4194eb89035369d48c23b07},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Related Affordable Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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