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
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.
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
Among its reported 2024 grants, the largest include Ymca of South Florida ($204,075), Ymca of South Florida ($204,075), Ymca of Greater Houston ($112,763).
| Recipient | Purpose | Amount |
|---|---|---|
| AFTER SCHOOL MATTERS INC CHICAGO, IL | SUMMER 2024 PROGRAM SESSION COSTS | $81,675 |
| BEACON LIGHT CIVIC LEAGUE NORFOLK, VA | ANNUAL BERKLEY REUNION EVENT | $5,000 |
| CENTRAL MA FOOD RESCUE INC WESTBOROUGH, MA | APPROXIMATELY 13,000 LBS OF PRODUCE | $16,650 |
| EMORY UNIVERSITY ATLANTA, GA | RAF 2024 SCHOLARSHIP | $2,500 |
| FAMILY MATTERS INC CHICAGO, IL | 2024 GRANT FOR HOLIDAY PROGRAMMING | $6,995 |
| FAREGROUND COMMUNITY KITCHEN INC BEACON, NY | GRANT AWARD FOR OPERATING FREE MARKETPLACES AND TINY FOOD PANTRIES | $38,116 |
| KABOOM INC BETHESDA, MD | 2024 PLAYSPACE PROJECT | $25,000 |
| MIRACLE CITY CHURCH MINNEAPOLIS, MN | BACK-TO-SCHOOL SUPPORT AND SHORELINE WINTER COAT DRIVE | $14,000 |
| MOREHOUSE COLLEGE INC ATLANTA, GA | RAF 2024 SCHOLARSHIP | $2,500 |
| NICHOLS COLLEGE DUDLEY, MA | RAF 2024 SCHOLARSHIP | $2,500 |
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
Frequently Asked Questions
What does Related Affordable Foundation Inc fund?
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 li…
How do I apply for a grant from Related Affordable Foundation Inc?
The foundation made 45 grants in 2023, with total grant distributions of approximately $1,123,895. Recent grant recipients and amounts include: • YMCA of Greater Houston: $206,180 (apartment programming) • KaBOOM: $159,062 (70% of 2023 Playspace Project) • Rising Tide Effect: $105,437 (Ocean Park Program) The Related Affordable Foundation Scholarship Program supports affordable housing residents pursuing education at accredited trade/professional institutions, colleges, and universities. The pr…
Where does Related Affordable Foundation Inc make 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.
What size grants does Related Affordable Foundation Inc award?
In 2024, Related Affordable Foundation Inc awarded 45 grants totaling $1.8M — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is Related Affordable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Related Affordable Foundation Inc reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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