The 1971 Foundation Inc
The 1971 Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $15.6M in total assets. In 2025, it made $7K in qualifying distributions. Net investment income was $57K.
The 1971 Foundation Inc at a glance
- Total assets
- $15,581,428
- +0.3% vs 2024
- Revenue (2025)
- $60,838
- -16.1% vs 2024
- Qualifying distributions (2025)
- $7,394
- -29.8% vs 2024
- Expenses (2025)
- $11,026
- -21.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The 1971 Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The 1971 Foundation Inc gives
- In 2025 it paid out 10% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $50K (2020) to $1.5M (2022). In 2022 it made 1 grant totaling $1.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bard College Annandaleonhudson, NY | Description:work of fine art - drawing by henry moore (british 1898-1966)two women winding woolsigned and dated 'moore 42' (lower right)pen and black ink, colored wax crayons, watercolor on paper14 3/4 x 19 3/8 in.executed in 1942book value and valuation method:$700,000 - based on appraised value when contributed to foundation (march 24,2017)fair market value and valuation method:$1,500,000 - based on fair market value appraisal report issued december 13,2022 | $1,500,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $15,581,428 | $60,838 | $11,026 | — | — | $7,394 | $57,206 | $75,221 |
| 2024 | $15,531,616 | $72,539 | $14,119 | — | — | $10,526 | $68,946 | $72,514 |
| 2023 | $15,473,196 | $102,766 | $18,110 | — | — | $14,494 | $114,594 | $70,277 |
| 2022 | $15,388,540 | $24,037 | $1,517,272 | $1,500,000 | 1 | $1,513,499 | $15,714 | $73,621 |
| 2021 | $16,081,775 | $282,218 | $188,496 | $65,000 | 1 | $95,845 | — | $86,937 |
| 2020 | $15,988,053 | $-308,843 | $298,914 | $50,000 | 1 | — | $479,217 | $92,733 |
Under IRS private-foundation payout rules, The 1971 Foundation Inc reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The 1971 Foundation Inc is led by Andrew S. Gundlach, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Andrew S. Gundlach
President
On filings since 2020
0.1 hrs/week
No compensation reported
Barbara Gundlach
Treasurer
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The 1971 Foundation Inc
How large is The 1971 Foundation Inc?
The 1971 Foundation Inc reported $15.6M in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $75K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The 1971 Foundation Inc operate?
The 1971 Foundation Inc has awarded grants in New York.
What is The 1971 Foundation Inc's EIN?
The 1971 Foundation Inc's EIN (Employer Identification Number) is 47-4640011. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The 1971 Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The 1971 Foundation Inc's focus areas in our free grants database
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