The Carol & Arnold Wolowitz Foundation
The Carol & Arnold Wolowitz Foundation is a philanthropic organization based on Long Island, New York. The foundation was established by Carol and Arnold Wolowitz, with Arnold serving as a former real estate developer and investor who played a major role in developing Suffolk County's south shore residential communities. Following Arnold's passing in July 2019, Carol assumed the role of president of the family foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-0.7% YoY
Annual Giving
$207K
+24.1% YoY
Grant Count
69
+30.2% YoY
Avg Grant Size
$3K
-4.7% YoY
Under IRS private-foundation payout rules, The Carol & Arnold Wolowitz Foundation reported a distributable amount of $194K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports charitable causes across Long Island with a particular emphasis on:
Cancer Research: The foundation endowed the Carol and Arnold Wolowitz Professor in Cancer Research at the Institute of Cancer Research at the Feinstein Institutes for Medical Research, honoring Arnold's memory and advancing cancer research initiatives.
Women's Health: Carol serves as founding member and chairwoman of the Partners Council for Women's Health, a group dedicated to educating women about health issues and raising funds for the Katz Institute for Women's Health.
Geriatric Services: The foundation supports the Gurwin Geriatric Foundation.
Arts and Culture: The foundation provides support to the Nassau County Museum of Art.
Jewish Community: The foundation supports UJA Federation.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations and initiatives on Long Island, New York, with a focus on Nassau and Suffolk County communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,378,368 | $2,394,498 | $2,461,123 |
| Revenue | $222,052 | $129,470 | $-84,511 |
| Expenses | $238,382 | $194,870 | $239,528 |
| Qualifying Distributions | $212,903 | $172,448 | $207,602 |
| Net Investment Income | $240,372 | $145,412 | $21,311 |
| Distributable Amount | $193,963 | $169,501 | $177,051 |
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
229 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwell Health Foundation ($27,500), Jewish Federation of Palm Beach County ($27,000), American Friends of Hebrew University ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S ASSOCIATION RONKONKOMA, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $100 |
| AMERICAN CANCER SOCIETY NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $300 |
| AMERICAN COMMITTEE FOR THE INSTITUTE OF SCIENCE NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $150 |
| AMERICAN FRIENDS OF HEBREW UNIVERSITY NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $20,000 |
| AMERICAN FRIENDS OF ISRAEL MUSEUM NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $2,500 |
| AMERICAN FRIENDS OF MAGEN DAVID ADOM NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $1,800 |
| AMERICAN ISRAEL PUBLIC AFFAIRS COMMITTEE NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $100 |
| ASPCA NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $100 |
| AUTISM SPEAKS BOONE, IA | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $250 |
| BIRTHRIGHT ISRAEL FOUNDATION NEW YORK, NY | TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $300 |
Leadership & Key People
Leadership team and compensation from IRS filings
Carol Wolowitz - President of the Carol and Arnold Wolowitz Foundation (assumed role following Arnold's passing in July 2019). She is a founding member and chairwoman of the Partners Council for Women's Health and a life member of the North Shore University Hospital Auxiliary. She has served as Roslyn/Old Westbury chairwoman of Cohen Children's Medical Center and received the Golda Meir Award from UJA Federation in 2014.
Arnold Wolowitz - Founder (deceased July 2019). A former real estate developer and investor who was instrumental in developing residential communities on Suffolk County's south shore.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL WOLOWITZ | PRESIDENT | 1 | — |
| DENISE LAMATTINA | SECRETARY/TREASURER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Carol & Arnold Wolowitz Foundation fund?
The foundation supports charitable causes across Long Island with a particular emphasis on: • **Cancer Research**: The foundation endowed the Carol and Arnold Wolowitz Professor in Cancer Research at the Institute of Cancer Research at the Feinstein Institutes for Medical Research, honoring Arnold's memory and advancing cancer research initiatives. • **Women's Health**: Carol serves as founding member and chairwoman of the Partners Council for Women's Health, a group dedicated to educating wome…
Where does The Carol & Arnold Wolowitz Foundation make grants?
The foundation primarily supports organizations and initiatives on Long Island, New York, with a focus on Nassau and Suffolk County communities.
What size grants does The Carol & Arnold Wolowitz Foundation award?
In 2024, The Carol & Arnold Wolowitz Foundation awarded 69 grants totaling $207K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Carol & Arnold Wolowitz Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carol & Arnold Wolowitz Foundation reported a distributable amount of $194K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Carol & Arnold Wolowitz Foundation's EIN?
The Carol & Arnold Wolowitz Foundation's EIN (Employer Identification Number) is 23-7201382. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Carol & Arnold Wolowitz 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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