The Achelis & Bodman Foundation
The Achelis and Bodman Foundation is a private foundation established on November 25, 2015, through the merger of The Achelis Foundation (founded in 1940) and The Bodman Foundation (founded in 1945). Based in New York, NY, the Foundation is a 501(c)(3) organization with tax-exempt status dating to July 1941. The Foundation awards grants to nonprofit organizations across multiple program areas, with a geographic focus on New York City and northern New Jersey.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$143.1M
+4.3% YoY
Annual Giving
$6.7M
+0.0% YoY
Grant Count
158
-2.5% YoY
Avg Grant Size
$42K
+2.5% YoY
Under IRS private-foundation payout rules, The Achelis & Bodman Foundation reported a distributable amount of $6.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's grantmaking is guided by a belief in the merits of economic and political liberty, free enterprise, and personal responsibility.
The Foundation focuses its grantmaking in six program areas:
- Arts & Culture
- Education
- Employment
- Health
- Public Policy
- Youth & Families
Grantmaking
In 2025, the Foundation made 127 grants totaling $6,500,000. In 2023, the Foundation made 125 grants totaling $6,500,000.
Grant Range
s
Review Cycle
. Applicants should review the Foundation's program areas and guidelines before submitting. The Foundation requests that applicants submit only the information requested. Board meetings occur in May, September, and December, with a typical decision time of approximately three months.
How to Apply
There are no fixed application deadlines. Applicants should review the Foundation's program areas and guidelines before submitting. The Foundation requests that applicants submit only the information requested. Board meetings occur in May, September, and December, with a typical decision time of approximately three months.
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Geographic Focus
Where this funder awards grants
The Foundation concentrates its grantmaking in New York City and northern New Jersey.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $143,063,829
- Total Revenue: $5,716,065
- Total Expenses: $7,763,665
- Net Income: -$2,047,600
- Total Liabilities: $0
- Number of Employees: 2
Annual Giving: Approximately $6,500,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $143,063,829 | $137,130,810 | $128,869,206 |
| Revenue | $5,716,065 | $5,393,536 | $3,667,326 |
| Expenses | $7,763,665 | $7,876,601 | $7,834,080 |
| Qualifying Distributions | $7,443,491 | $7,335,922 | $7,410,088 |
| Net Investment Income | $5,104,522 | $4,887,898 | $3,478,728 |
| Distributable Amount | $6,704,417 | $6,521,706 | $6,992,515 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from The Achelis & Bodman Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Atlas Network Two Liberty Center ($150,000), Gilder Lehrman Institute of American History ($125,000), American Enterprise Institute for Public Policy Research ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRICK PRESBYTERIAN CHURCH NEW YORK, NY | 2024 STEWARDSHIP CAMPAIGN | $5,000 |
| AMERICAN BALLET THEATRE NEW YORK, NY | GENERAL OPERATING SUPPORT | $25,000 |
| AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH WASHINGTON, DC | GENERAL OPERATING SUPPORT | $1,500 |
| AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH WASHINGTON, DC | AMERICA AT 250 | $100,000 |
| AMERICAN FEDERATION FOR CHILDREN GROWTH FUND DALLAS, TX | GENERAL OPERATING SUPPORT | $50,000 |
| AMERICAN SCHOOL OF CLASSICAL STUDIES AT ATHENS PRINCETON, NJ | IMAGING EQUIPMENT | $75,000 |
| ANIMAL CARE CENTERS OF NYC NEW YORK, NY | COMMUNITY PETS PROGRAM | $25,000 |
| ATLAS NETWORK TWO LIBERTY CENTER ARLINGTON, VA | LATIN AMERICA INITIATIVES | $150,000 |
| BEST BUDDIES NEW YORK CO KLINGMAN & ASSOCIATES NEW YORK, NY | FRIENDSHIP, LEADERSHIP, AND | $50,000 |
| BILLION OYSTER PROJECT NEW YORK, NY | HUDSON REEFS MITIGATION BANK | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- John B. Krieger — Secretary and Assistant Treasurer
- Vicki Puluso — Grants Manager
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RUSSELL P PENNOYER | PRESIDENT/TRUSTEE | 3 | $30,000 |
| TATIANA POUSCHINE | VICE PRESIDENT/TRUSTEE | 3 | — |
| JOHN N IRWIN III | CHAIRMAN/TRUSTEE | 3 | — |
| HORACE I CRARY JR | TREASURER/TRUSTEE | 3 | — |
| GEORGE MCCABE | TRUSTEE | 3 | — |
| LESLIE LENKOWSKY | TRUSTEE | 3 | — |
| MAGDALENA ZAVALIA DE MIGUENS | TRUSTEE | 3 | — |
| OLIVER GRACE | TRUSTEE | 3 | — |
| JOHN B KRIEGER | EXECUTIVE DIRECTOR/SECRETARY | 40 | $372,000 |
Recent News & Activity
Recent developments and announcements
Recent notable grants include:
The Rockefeller University: $500,000 for research (2024)
Manhattan Institute for Policy Research: $300,000 for Urban Policy and Homelessness (2024)
Hudson Institute: $200,000 for Executing Economic Containment (2024)
Girl Scouts Heart of Jersey: $50,000 donation
The Achelis and Bodman Foundation Donates $50,000 to Girl Scouts Heart ofFrequently Asked Questions
What does The Achelis & Bodman Foundation fund?
The Foundation's grantmaking is guided by a belief in the merits of economic and political liberty, free enterprise, and personal responsibility. The Foundation focuses its grantmaking in six program areas: • **Arts & Culture** • **Education** • **Employment** • **Health** • **Public Policy** • **Youth & Families**
How do I apply for a grant from The Achelis & Bodman Foundation?
In 2025, the Foundation made 127 grants totaling $6,500,000. In 2023, the Foundation made 125 grants totaling $6,500,000. Grants typically range between $25,000 and $100,000. • Arts & Culture: 31 grants, $1,410,000 • Education: 27 grants, $1,460,000 • Public Policy: 22 grants, $1,465,000 • Health: 13 grants, $1,125,000 • Youth & Families: 12 grants, $365,000 • Employment: 6 grants, $250,000 • Other Grants: 14 grants, $425,000 There are no fixed application deadlines. Applicants should review th…
Where does The Achelis & Bodman Foundation make grants?
The Foundation concentrates its grantmaking in New York City and northern New Jersey.
What size grants does The Achelis & Bodman Foundation award?
In 2024, The Achelis & Bodman Foundation awarded 158 grants totaling $6.7M — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is The Achelis & Bodman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Achelis & Bodman Foundation reported a distributable amount of $6.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Achelis & Bodman Foundation's EIN?
The Achelis & Bodman Foundation's EIN (Employer Identification Number) is 13-6022018. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Achelis & Bodman Foundation'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.
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