The Achelis & Bodman Foundation
The Achelis and Bodman Foundation is a private foundation based in New York, NY. Formed in 2015 through the merger of The Achelis Foundation and The Bodman Foundation, it supports organizations across six program areas, with grantmaking concentrated in New York City and northern New Jersey.
Key facts about The Achelis & Bodman Foundation
In short: The Achelis & Bodman Foundation gave $6.7M across 158 grants in 2024 (avg $42K), mostly in New York. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 13-6022018
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,671,050
- Grants made (2024)
- 158
- Average grant
- $42,222
- Median grant
- $25,000
- New grantees (estimate)
- 40% first-time grantees (59 of 146, 2024)
- Total assets
- $143,063,829
- Primary geography
- New York (67% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- Yes
- How to apply
- The Foundation accepts unsolicited requests from New York City and northern New Jersey nonprofit organizations that are tax-exempt under Section 501(c)(3) and fall within its program areas. Full details ↓
- Deadline
- There are no submission deadlines; requests may be submitted at any time during the year.
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
Is The Achelis & Bodman Foundation open to new grantees?
40%
first-time grantees, 2024
In 2024, 59 of 146 grantees (40%) were first-time recipients. First grants averaged $35K; repeat grants $53K. How we count
Medians: $25K first-time, $50K repeat.
- 23% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The Foundation makes grants in Arts and Culture, Education, Employment, Health, Public Policy, and Youth and Families. Its website describes support for cultural institutions, education initiatives including charter schools and research on K–12 performance, and employment programs, particularly those emphasizing the private sector and entrepreneurship.
Examples of grantees illustrate the range of work supported. Fresh Air Fund describes its work as providing New York City children from low-income families with cultural, recreational, and educational experiences. Grace Institute describes its work as supporting New York City job-training programs that help women achieve sustained employment. The Empire Center for Public Policy describes its mission as promoting policy reforms grounded in free-market principles, personal responsibility, and effective and accountable government.
Grantmaking
Its 2025 distribution included 47 Arts and Culture grants totaling $1.66 million, 19 Education grants totaling $1.055 million, 12 Health grants totaling $1.24 million, and 14 Public Policy grants totaling $1.25 million.
In 2024, the Foundation’s largest reported grants included $500,000 to Rockefeller University for research of Jiankun (JK) Lyu, Ph.D.; $300,000 to Manhattan Institute for Policy Research for urban policy and homelessness; $200,000 to Hudson Institute for “Executing Economic Containment”; and $150,000 each to Atlas Network Two Liberty Center for Latin America initiatives, Hospital for Special Surgery for research on juvenile dermatomyositis, and New-York Historical Society for a new conservation studio. The 2024 filing lists 158 grants totaling $6,671,050, with awards ranging from $550 to $500,000 and a median grant of $25,000.
Review Cycle
There are no submission deadlines; requests may be submitted at any time during the year.
How to Apply
The Foundation accepts unsolicited requests from New York City and northern New Jersey nonprofit organizations that are tax-exempt under Section 501(c)(3) and fall within its program areas. Begin with an inquiry letter by email; do not send a full proposal unless requested. The inquiry should briefly describe the project’s history, need, objectives, time period, key staff, budget, and evaluation plan, and include the organization’s latest annual report, latest complete audited financial statements, and IRS tax-exemption letter. The Foundation generally does not fund organizations outside New York and New Jersey; fundraising events or annual appeals; endowments or capital campaigns; loans or deficit financing; direct grants to individuals; individual day-care or after-school programs; housing; organizations or projects based outside the U.S.; small arts groups; public K–12 schools except charter schools; national health and mental health organizations; or government agencies and nonprofits significantly funded or reimbursed by government agencies.
Open Grants
1 open opportunity from The Achelis & Bodman Foundation
Ready to take the next step with The Achelis & Bodman Foundation?
Geographic Focus
Where this funder awards grants
The Foundation concentrates its grantmaking in New York City and northern New Jersey, with an emphasis in New Jersey on Newark and Monmouth County. In 2024, 67% of grant dollars went to recipients in New York, 11% to recipients in DC, 5% each to Virginia and New Jersey, and 1% to Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 158 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.6M (2020) to $6.7M (2024). In 2024 it made 158 grants totaling $6.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rockefeller University ($500K). Together the top 10 received $1.9M.
Organizations only. It also paid 1 grant to individuals ($33,000), which are not listed by name.
Grant Size Distribution
801 grants across all recorded years
The most common grant size was under $50K: 494 grants of 801 (62%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rockefeller University New York, NY | Research of Jiankun (JK) LYU, PH.D., | $500,000 |
| Manhattan Institute for Policy Research New York, NY | Urban Policy and Homelessness | $300,000 |
| Hudson Institute Washington, DC | Executing Economic Containment: a | $200,000 |
| Atlas Network Two Liberty Center Arlington, VA | Latin America Initiatives | $150,000 |
| Hospital for Special Surgery New York, NY | Research on Juvenile Dermatomyositis | $150,000 |
| New-York Historical Society New York, NY | New Conservation Studio | $150,000 |
| Gilder Lehrman Institute of American History New York, NY | New York City Programs | $125,000 |
| American Enterprise Institute for Public Policy Research Washington, DC | America at 250 | $100,000 |
| Cancer Research Institute New York, NY | Lloyd J. Old Star Program | $100,000 |
| Empire Center for Public Policy Albany, NY | Energy Program | $100,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2024 | $143,063,829 | $5,716,065 | $7,763,665 | $6,671,050 | 158 |
| 2023 | $137,130,810 | $5,393,536 | $7,876,601 | $6,670,000 | 162 |
| 2022 | $128,869,206 | $3,667,326 | $7,834,080 | $6,669,500 | 159 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists John N. Irwin III as chairman and trustee; Russell P. Pennoyer as president and trustee; Tatiana Pouschine as vice president and trustee; Horace I. Crary Jr. as treasurer and trustee; George McCabe, Leslie Lenkowsky, Magdalena Zavalia de Miguens, and Oliver Grace as trustees; and John B. Krieger as executive director and secretary.
The Achelis & Bodman Foundation is led by John B. Krieger, Executive Director & Secretary on every filing since 2020; 2 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
John B. Krieger
Executive Director & Secretary
On filings since 2020
40 hrs/week
$284K (2020) → $372K (2024)
Russell P. Pennoyer
President & Trustee
On filings since 2020
3 hrs/week
$30K (2024)
John N. Irwin III
Chairman & Trustee
On filings since 2020
3 hrs/week
No compensation reported
George McCabe
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Horace I. Crary Jr.
Treasurer & Trustee
On filings since 2020
3 hrs/week
No compensation reported
Leslie Lenkowsky
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Magdalena Zavalia De Miguens
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Oliver Grace
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Tatiana Pouschine
Vice President & Trustee
On filings since 2020
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $372K, to John B Krieger (Executive Director/Secretary). 2 officers or directors reported compensation on that filing.
Contact
Application contact: John B Krieger Executive Director
Mailing address: 420 Lexington Ave Suite 2803, New York, NY 10170
Phone: (212) 644-0322
Website: https://achelisbodman.org
Frequently asked questions about The Achelis & Bodman Foundation
How much does The Achelis & Bodman Foundation give each year?
The Achelis & Bodman Foundation gave $6.7M across 158 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6.7M across 162 grants.
What is The Achelis & Bodman Foundation's typical grant size?
The Achelis & Bodman Foundation's median grant in 2024 was $25,000, and its average grant was $42,222, across 158 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Achelis & Bodman Foundation that year got $35K on average.
Where does The Achelis & Bodman Foundation give grants?
The Achelis & Bodman Foundation gives mostly in New York: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (11%) and Virginia (5%). The most frequent recipient cities were New York, NY (71 grants), Washington, DC (14 grants), Brooklyn, NY (12 grants) and Fishers Island, NY (4 grants).
Does The Achelis & Bodman Foundation give general operating support?
Yes: 46% of The Achelis & Bodman Foundation's 2024 grants with a stated purpose (73 of 158) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Achelis & Bodman Foundation's largest grantees?
The Achelis & Bodman Foundation's largest 2024 grantees include Rockefeller University ($500,000), Manhattan Institute for Policy Research ($302,000 across 2 grants) and Hudson Institute ($204,000 across 2 grants), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($33,000), which are not listed by name. Together they received 15% of its itemized 2024 grant dollars.
How large is The Achelis & Bodman Foundation?
The Achelis & Bodman Foundation reported $143.1M in total assets on its 2024 IRS Form 990-PF. It paid out $7.4M in qualifying distributions that year, against a required minimum of $6.7M (roughly 5% of its investment assets).
What does The Achelis & Bodman Foundation fund?
The Foundation makes grants in Arts and Culture, Education, Employment, Health, Public Policy, and Youth and Families. See mission & focus areas ↑
How do I apply for a grant from The Achelis & Bodman Foundation?
The Foundation accepts unsolicited requests from New York City and northern New Jersey nonprofit organizations that are tax-exempt under Section 501(c)(3) and fall within its program areas. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Achelis & Bodman Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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