The Alphadyne Foundation
The Alphadyne Foundation is a private foundation based in New York, New York. In 2024, it made grants to organizations including arts and music groups and organizations working in employment training, career advancement, and community opportunity.
The Alphadyne Foundation at a glance
In short: The Alphadyne Foundation gave $2.1M across 34 grants in 2024 (avg $63K), mostly in New York. 50% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,136,600
- +132.0% vs 2023
- Grants made (2024)
- 34
- +112.5% vs 2023
- Average grant
- $62,841
- +9.2% vs 2023
- Median grant
- $25,000
- Total assets
- $17,161,620
- +0.7% vs 2023
- New grantees (estimate)
- 50% first-time grantees (17 of 34, 2024)
- Primary geography
- New York (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Alphadyne Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 17 State Street 30Th Floor, New York, NY 10004
Phone: (212) 806-3726
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Alphadyne Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The Bronx Foundation ($500K). Together the top 10 received $1.6M.
Grant Size Distribution
110 grants across all recorded years
The most common grant size was under $50K: 44 grants of 110 (40%).
Geographic Focus
Where this funder awards grants
In 2024, 85% of grant dollars went to recipients in New York. The remaining listed shares were California (6%), Illinois (4%), Massachusetts (3%), and Minnesota (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 34 itemized grants.
States
Cities
Is The Alphadyne Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 17 of 34 grantees (50%) were first-time recipients. First grants averaged $47K; repeat grants $79K. How we count
Medians: $25K first-time, $38K repeat.
- 21% of 2024 grantees were also funded in 2023. Method
- Giving fell 74% from 2021 to 2024. Method
- In 2024 it paid out 242% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $921K (2023) to $8.2M (2021). In 2024 it made 34 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Bronx Foundation The Bronx, NY | General Support | $500,000 |
| Original Music Workshop Aka National Sawdust Brooklyn, NY | General Support | $333,600 |
| Pursuit Transformation Company Inc Long Is City, NY | General Support | $150,000 |
| Low Income Investment Fund San Francisco, CA | General Support | $120,000 |
| Harlem Entrepreneurial Fund New York, NY | General Support | $100,000 |
| New York Shakespeare Festival DBA the Public Theater New York, NY | General Support | $100,000 |
| The Hope Program Brooklyn, NY | General Support | $100,000 |
| American Friends of Keshet Eilon Inc Pound Ridge, NY | General Support | $75,000 |
| North Shore Music Alliance NFP Glenview, IL | General Support | $75,000 |
| Musica Mundi School New York, NY | General Support | $55,000 |
Ready to take the next step with The Alphadyne Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $17,161,620 | $2,331,362 | $2,213,202 | $2,136,600 | 34 | $2,213,202 | $99,297 | $916,436 |
| 2023 | $17,043,460 | $18,056,316 | $1,013,312 | $921,000 | 16 | $1,007,749 | $36,598 | $92,022 |
| 2022 | $456 | $1,992,700 | $1,992,665 | $1,912,580 | 24 | $1,982,865 | — | $71 |
| 2021 | $421 | $5,219,224 | $8,369,029 | $8,229,447 | 19 | $8,361,076 | — | $24,029 |
| 2020 | $3,150,226 | $10,020,170 | $6,869,944 | $6,757,600 | 17 | — | $226 | $62,799 |
Under IRS private-foundation payout rules, The Alphadyne Foundation reported a distributable amount of $916K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for performing arts and music organizations, as well as organizations whose own descriptions emphasize employment training and economic opportunity.
For example, Pursuit Transformation Company says its program trains participants for software engineering jobs and provides job placement assistance. The HOPE Program describes its work as helping New Yorkers build sustainable futures through training, jobs, and career advancement. Among arts grantees, Alvin Ailey Dance Foundation describes a mission involving dance performances, training, education, and community programs; Concert Artists Guild says it works to promote young musicians and help them build sustainable careers.
Grantmaking
In 2024, the foundation made 34 grants totaling $2,136,600. Grant amounts ranged from $5,000 to $500,000, with a median grant of $25,000. It made 16 grants totaling $921,000 in 2023 and 24 grants totaling $1,912,580 in 2022.
The largest 2024 grants included $500,000 to The Bronx Foundation, $333,600 to Original Music Workshop, also known as National Sawdust, and $150,000 to Pursuit Transformation Company. Other grants included $120,000 to Low Income Investment Fund; $100,000 each to Harlem Entrepreneurial Fund, New York Shakespeare Festival (DBA The Public Theater), and The HOPE Program; and $75,000 each to American Friends of Keshet Eilon and North Shore Music Alliance. The listed grants were for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jean-Louis Russo as treasurer and Helen Kim Chung and Philippe Khuong-Huu as directors. It also lists Joseph Regan as a director, with a note that he resigned on June 30, 2024.
The Alphadyne Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Helen Kim Chung
Director
On filings since 2020
1 hr/week
No compensation reported
Philippe Khuong-Huu
Director
Director & President → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Joseph Regan Resig
Director
New on the 2024 filing
0.5 hrs/week
No compensation reported
Jean-Louis Russo
Treasurer
Treasurer & Secretary → Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Joseph Regan (2020–2023) — Director
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.
Frequently asked questions about The Alphadyne Foundation
How much does The Alphadyne Foundation give each year?
The Alphadyne Foundation gave $2.1M across 34 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $921K across 16 grants.
What is The Alphadyne Foundation's typical grant size?
The Alphadyne Foundation's median grant in 2024 was $25,000, and its average grant was $62,841, across 34 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Alphadyne Foundation that year got $47K on average.
Where does The Alphadyne Foundation give grants?
The Alphadyne Foundation gives mostly in New York: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (6%). The most frequent recipient cities were New York, NY (16 grants), Brooklyn, NY (4 grants) and Boston, MA (2 grants).
Does The Alphadyne Foundation give general operating support?
Yes: 100% of The Alphadyne Foundation's 2024 grants with a stated purpose (34 of 34) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Alphadyne Foundation's largest grantees?
The Alphadyne Foundation's largest 2024 grantees include The Bronx Foundation ($500,000), Original Music Workshop Aka National Sawdust ($333,600) and Pursuit Transformation Company Inc ($150,000), according to its 2024 IRS Form 990-PF. Together they received 46% of its itemized 2024 grant dollars.
How large is The Alphadyne Foundation?
The Alphadyne Foundation reported $17.2M in total assets on its 2024 IRS Form 990-PF. It paid out $2.2M in qualifying distributions that year, against a required minimum of $916K (roughly 5% of its investment assets).
What does The Alphadyne Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include support for performing arts and music organizations, as well as organizations whose own descriptions emphasize employment training and economic opportunity. See mission & focus areas ↑
How do I apply for a grant from The Alphadyne Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Alphadyne Foundation's EIN?
The Alphadyne Foundation's EIN (Employer Identification Number) is 85-1674725. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Alphadyne Foundation accept unsolicited proposals?
No, 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Alphadyne Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Alphadyne Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Alphadyne Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/the-alphadyne-foundation-morg_882bd737c69b4d70b2f807108d7ec900
BibTeX
@misc{grantable_851674725_2026,
author = {{Grantable}},
title = {{The Alphadyne Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-alphadyne-foundation-morg_882bd737c69b4d70b2f807108d7ec900},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Alphadyne Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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