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.
Key facts about Related Affordable Foundation Inc
- EIN
- 47-5195759
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,760,000
- Grants made (2024)
- 45
- Average grant
- $39,111
- Median grant
- $24,350
- New grantees (estimate)
- 44% first-time grantees (15 of 34, 2024)
- Total assets
- $1,624,785
- Primary geography
- Florida (23% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Related Affordable Foundation Inc funds
By grant dollars, the top recipient states for Related Affordable Foundation Inc's 45 itemized 2024 grants were Florida (23%), 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). 4% of grants with a stated purpose were for general or operating support. Recurring purposes include "Raf 2024 Scholarship" (11 grants).
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.
- 44% 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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Related Affordable Foundation Inc
- How to evaluate Related Affordable Foundation Inc as a funder
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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.
Ready to take the next step with Related Affordable Foundation Inc?
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
Share of all 45 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
217 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include YMCA of South Florida ($408,150 across 2 grants), YMCA of Greater Houston ($225,525 across 2 grants), After School Matters Inc ($163,349 across 2 grants).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.