The 5 51 5 Foundation Inc
The 5 51 5 Foundation is a private foundation based in New York, NY, established in December 2008. The foundation operates as a 501(c)(3) tax-exempt organization and focuses on grantmaking to support educational and philanthropic initiatives.
Key facts about The 5 51 5 Foundation Inc
- EIN
- 20-8844111
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $5,927,600
- Grants made (2024)
- 26
- Average grant
- $227,985
- Median grant
- $3,000
- Total assets
- $741,614
- Primary geography
- Maryland (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who The 5 51 5 Foundation Inc funds
By grant dollars, the top recipient states for The 5 51 5 Foundation Inc's 26 itemized 2024 grants were Maryland (42%), New Hampshire (37%) and California (17%). The most frequent recipient cities were New York, NY (8 grants), Falls Village, CT (4 grants) and Washington, DC (2 grants). 100% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$742K
-62.3% YoY
Annual Giving
$5.9M
+3034.6% YoY
Grant Count
26
+36.8% YoY
Avg Grant Size
$228K
+2190.7% YoY
Under IRS private-foundation payout rules, The 5 51 5 Foundation Inc reported a distributable amount of $263K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Science and STEM education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation primarily funds general operating purposes for its grantees.
Grantmaking
The foundation made 21 grants totaling $5,927,600 in its most recent fiscal year. Notable recent grants include:
Grant Range
**
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on New York, Connecticut, and the District of Columbia.
Grant Distribution by State
Share of all 26 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $741,614
- Total Revenues: $4,784,085
- Total Expenses: $6,011,808
- Total Giving: $5,927,600
Revenue Composition (2024):
- Investment income and dividends: $150,871
- Net gain from sale of non-inventory assets: $4,632,874
- Grants and contributions: $340
Staffing
The foundation operates with 0 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $741,614 | $1,967,825 | $803,112 |
| Revenue | $4,784,085 | $8,315,586 | $31,925 |
| Expenses | $6,011,808 | $189,423 | $1,290,112 |
| Qualifying Distributions | $5,928,163 | $189,423 | $1,227,797 |
| Net Investment Income | $4,783,745 | $836,590 | $3,925 |
| Distributable Amount | $263,156 | $309,073 | $68,380 |
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
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Johns Hopkins University ($2,500,000), Trustees of Dartmouth College ($2,200,000), Leland Stanford Junior University ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Johns Hopkins University BALTIMORE, MD | General | $2,500,000 |
| Trustees of Dartmouth College HANOVER, NH | General | $2,200,000 |
| Leland Stanford Junior University Stanford, CA | General | $1,000,000 |
| Central Park Conservancy Inc New York, NY | General | $100,000 |
| Global Fund for Children Washington, DC | General | $25,000 |
| Partnership for Schools New York, NY | General | $20,000 |
| Tarjimly Inc MOUNTAIN VIEW, CA | General | $15,000 |
| Myriad USA Inc New York, NY | General | $15,000 |
| Make A Change World Inc New York, NY | General | $15,000 |
| Teachers College Columbia University New York, NY | General | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Laurie B Hodgson | President/Director | 1 | — |
| David C Hodgson | Treasurer | 1 | — |
| Richard Gold | Secretary | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The 5 51 5 Foundation Inc fund?
The foundation's primary funding focus areas include: • Education • Science and STEM education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation primarily funds general operating purposes for its grantees.
How do I apply for a grant from The 5 51 5 Foundation Inc?
**Recent Grant Activity (2024)** The foundation made 21 grants totaling $5,927,600 in its most recent fiscal year. Notable recent grants include: • Johns Hopkins University: $2,500,000 (General) • Trustees of Dartmouth College: $2,200,000 (General) • Stanford University: $1,000,000 (General) **Grant Range** Typical awards range from $100 to $2,500,000.
Where does The 5 51 5 Foundation Inc make grants?
The foundation's grantmaking focuses primarily on New York, Connecticut, and the District of Columbia.
What size grants does The 5 51 5 Foundation Inc award?
In 2024, The 5 51 5 Foundation Inc awarded 26 grants totaling $5.9M — an average of about $228K per grant, based on its IRS Form 990 filings.
How much is The 5 51 5 Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The 5 51 5 Foundation Inc reported a distributable amount of $263K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The 5 51 5 Foundation Inc's EIN?
The 5 51 5 Foundation Inc's EIN (Employer Identification Number) is 20-8844111. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The 5 51 5 Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.