Stuart and Nicole Kovensky Family Foundation

Private foundation · Grantmaker Charlottesville, VA EIN: 38-3859398

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.

Research compiled by Grantable AI from public sources. Last updated September 2026.

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.

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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

16states

Share of 2024 grant dollars across all 24 itemized grants.

Cities

New YorkArmonkMt KiscoWashingtonConcordFair LawnNeedhamWest DoverBarreBedfordStaten IslandBinghamtonEau ClaireManchesterRyeBenningtonBristolKatonahNew HavenPlainview

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K45 grants2020 35 grants2021 27 grants2022 30 grants2023 24 grants2024

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

Rally to Give Foundation Inc: $29KRally to Give Foundation Inc$29KCTC Academy: $15KCTC Academy$15KKenya Drylands Education Fund: $12KKenya Drylands Education Fund$12KMount Kisco Children Care Center: $10KMount Kisco Children CareCenter$10KCongregation B'nai Yisrael: $5KCongregation B'nai Yisrael$5KCystic Fibrosis Foundation: $3KCystic Fibrosis Foundation$3KPan Mass Challengejimmy Fund: $1KPan Mass Challengejimmy Fund$1KGo Fund ME: $1KGo Fund ME$1KSave the Sound: $1KSave the Sound$1KTina's Wish: $1KTina's Wish$1K

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

161<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 161 grants of 161 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Rally to Give Foundation Inc Concord, MAGeneral$28,750
CTC Academy Fair Lawn, NJGeneral$15,300
Kenya Drylands Education Fund Manchester, VTGeneral$12,000
Mount Kisco Children Care Center Mt Kisco, NYGeneral$9,570
Congregation B'nai Yisrael Armonk, NYGeneral$5,266
Cystic Fibrosis Foundation New York, NYGeneral$3,000
Pan Mass Challengejimmy Fund Needham, MAGeneral$1,266
Go Fund ME West Hollywood, CAGeneral$1,000
Save the Sound New Haven, CTGeneral$1,000
Tina's Wish New York, NYGeneral$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
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024
Metric202420232022
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 1, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 6, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 11, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
  6. 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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