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.
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
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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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