Stuart and Nicole Kovensky Family Foundation
The Stuart and Nicole Kovensky Family is a private foundation based in Charlottesville, Virginia. Its 2024 filing reports grants to charitable organizations and states that the foundation contributes only to preselected organizations; it does not accept unsolicited requests for funds.
Key facts about Stuart and Nicole Kovensky Family Foundation
In short: Stuart and Nicole Kovensky Family Foundation gave $84K across 24 grants in 2024 (avg $4K), top state Massachusetts. 13% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 38-3859398
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $84,499
- Grants made (2024)
- 24
- Average grant
- $3,521
- Median grant
- $650
- New grantees (estimate)
- 13% first-time grantees (3 of 24, 2024; small sample)
- Total assets
- $1,389,848
- Primary geography
- Massachusetts (36% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation contributes only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+14.4% YoY
Annual Giving
$84K
+88.7% YoY
Grant Count
24
-20.0% YoY
Avg Grant Size
$4K
+135.9% YoY
Under IRS private-foundation payout rules, Stuart and Nicole Kovensky Family Foundation reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
Is Stuart and Nicole Kovensky Family Foundation open to new grantees?
13%
first-time grantees, 2024
In 2024, 3 of 24 grantees (13%) were first-time recipients. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $719; repeat grants $4K. How we count
Medians: $1K first-time, $600 repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+15%). Method
- In 2024 it paid out 136% of 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.
Mission & Focus Areas
No foundation mission is stated in the available information. Its 2024 grants included support for organizations with varied missions. For example, Save the Sound says its mission is to protect and improve the land, air, and water of the Long Island Sound region. Vermont Foodbank says it gathers and shares food so that no one in Vermont will go hungry. Soul Ryeders says it provides resources, programs, and community support to people in the New York tri-state area affected by cancer. These are the grantees’ own descriptions of their work.
Grantmaking
In 2024, the foundation made 24 grants totaling $84,499. Grant amounts ranged from $100 to $28,750, with a median of $650. Its largest grants included:
The filing also lists $1,000 grants to Save the Sound and Tina’s Wish, among other recipients. Save the Sound describes its work as protecting and improving the Long Island Sound region’s land, air, and water.
How to Apply
The foundation contributes only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Stuart and Nicole Kovensky Family Foundation?
Geographic Focus
Where this funder awards grants
In 2024, grant dollars were distributed among recipients in Massachusetts (36%), New York (27%), New Jersey (18%), Vermont (16%), and California (1%). The listed grants also included recipients in Connecticut and other states.
Grant Distribution by State
Share of 2024 grant dollars across all 24 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $45K (2023) to $138K (2020). In 2024 it made 24 grants totaling $84K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rally to Give Foundation Inc ($29K). Together the top 10 received $78K.
Grant Size Distribution
161 grants across all recorded years
The most common grant size was under $50K: 161 grants of 161 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rally to Give Foundation Inc Concord, MA | General | $28,750 |
| CTC Academy Fair Lawn, NJ | General | $15,300 |
| Kenya Drylands Education Fund Manchester, VT | General | $12,000 |
| Mount Kisco Children Care Center Mt Kisco, NY | General | $9,570 |
| Congregation B'nai Yisrael Armonk, NY | General | $5,266 |
| Cystic Fibrosis Foundation New York, NY | General | $3,000 |
| Pan Mass Challengejimmy Fund Needham, MA | General | $1,266 |
| Go Fund ME West Hollywood, CA | General | $1,000 |
| Save the Sound New Haven, CT | General | $1,000 |
| Tina's Wish New York, NY | General | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants | Grant total |
|---|---|---|
| 2024 | 24 | $84,499 |
| 2023 | 30 | $44,774 |
| 2022 | 27 | $79,678 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,389,848 | $1,215,124 | $1,198,816 |
| Revenue | $269,621 | $67,394 | $95,723 |
| Expenses | $94,897 | $51,086 | $94,438 |
| Qualifying Distributions | $84,499 | $44,774 | $79,678 |
| Net Investment Income | $265,223 | $62,705 | $90,938 |
| Distributable Amount | $62,097 | $60,820 | $62,835 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Stuart R. Kovensky as “PRESIDENT &T” and Nicole Greene Kovensky as “CHAIRMAN & S.”
Stuart and Nicole Kovensky Family Foundation is led by Stuart R. Kovensky, President & T on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stuart R. Kovensky
President & T
On filings since 2020
0.1 hrs/week
No compensation reported
Nicole Greene Kovensky
Chairman & S
On filings since 2020
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Hume R. Steyer (2020–2021) — Assistant Secretary
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.
Contact
Mailing address: C/O Silvercrest 230 Court Square, Charlottesville, VA 22902
Phone: (434) 977-4420
Frequently asked questions about Stuart and Nicole Kovensky Family Foundation
How much does Stuart and Nicole Kovensky Family Foundation give each year?
Stuart and Nicole Kovensky Family Foundation gave $84K across 24 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $45K across 30 grants.
What is Stuart and Nicole Kovensky Family Foundation's typical grant size?
Stuart and Nicole Kovensky Family Foundation's median grant in 2024 was $650, and its average grant was $3,521, across 24 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Stuart and Nicole Kovensky Family Foundation that year got $719 on average.
Where does Stuart and Nicole Kovensky Family Foundation give grants?
Stuart and Nicole Kovensky Family Foundation's top state is Massachusetts, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (27%) and New Jersey (18%). The most frequent recipient cities were New York, NY (5 grants), Armonk, NY (3 grants) and Mt Kisco, NY (2 grants).
Does Stuart and Nicole Kovensky Family Foundation give general operating support?
Yes: 100% of Stuart and Nicole Kovensky Family Foundation's 2024 grants with a stated purpose (24 of 24) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Stuart and Nicole Kovensky Family Foundation's largest grantees?
Stuart and Nicole Kovensky Family Foundation's largest 2024 grantees include Rally to Give Foundation Inc ($28,750), CTC Academy ($15,300) and Kenya Drylands Education Fund ($12,000), according to its 2024 IRS Form 990-PF. Together they received 66% of its itemized 2024 grant dollars.
How large is Stuart and Nicole Kovensky Family Foundation?
Stuart and Nicole Kovensky Family Foundation reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $84K in qualifying distributions that year, against a required minimum of $62K (roughly 5% of its investment assets).
What does Stuart and Nicole Kovensky Family Foundation fund?
No foundation mission is stated in the available information. Its 2024 grants included support for organizations with varied missions. For example, Save the Sound says its mission is to protect and improve the land, air, and water of the Long Island Sound region. See mission & focus areas ↑
How do I apply for a grant from Stuart and Nicole Kovensky Family Foundation?
The foundation contributes 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 Stuart and Nicole Kovensky Family Foundation's EIN?
Stuart and Nicole Kovensky Family Foundation's EIN (Employer Identification Number) is 38-3859398. IRS Form 990 filing data is available on this page for 2020–2024.
Does Stuart and Nicole Kovensky Family Foundation 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.
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