The 5 51 5 Foundation Inc

Foundation · Grantmaker NEW YORK, NY EIN: 20-8844111

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

+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.

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

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

Maryland $2.5M (32%)

New Hampshire $2.2M (28%)

New York $1.8M (24%)

California $1.1M (14%)

Connecticut $28K (0%)

District of Columbia $25K (0%)

Massachusetts $14K (0%)

Ohio $6K (0%)

+3 more states

States

California Connecticut District of Columbia Massachusetts Maryland New Hampshire New Jersey New York Ohio Virginia West Virginia

Cities

AlbanyBaltimoreBostonBrooklynCambridgeCarmelChesapeakeColumbusFalls VillageGranvilleGreenwichHanoverHarpers FerryLakevilleMontereyMountain ViewNew YorkOyster BaySalisburySee Attachment A

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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 include Johns Hopkins University ($2,500,000), Trustees of Dartmouth College ($2,200,000), Leland Stanford Junior University ($1,000,000).

Recipient	Purpose	Amount
Salisbury Winter Sports Assoc Inc Salisbury, CT	General Purpose	$1,000
Partnership for Schools New York, NY	General	$20,000
Denison University Granville, OH	General	$1,000
The DOE Fund New York, NY	General	$500
NATIONAL PARKS CONSERVATION ASSOCIATION Washington, DC	General	$100
The Fund for Park Avenue New York, NY	General	$500
Trustees of Reservations Boston, MA	General	$1,000
Great Mountain Forest Falls Village, CT	General	$1,000
Appalachian Trail Conservancy Harpers Ferry, WV	General	$1,000
Fibrolamellar Cancer Foundation GREENWICH, CT	General	$5,000

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

Philanthropy, Voluntarism & Grantmaking

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.