The Carroll and Milton Petrie Foundation Inc
The Carroll and Milton Petrie Foundation is a private foundation based in two individual recipients It began active operation in 1998 and supports colleges, universities, nonprofit organizations, and individuals working to improve education and career outcomes for low-income New Yorkers.
Key facts about The Carroll and Milton Petrie Foundation Inc
In short: The Carroll and Milton Petrie Foundation Inc gave $6.5M across 48 grants in 2024 (avg $136K), mostly in New York. 27% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-1451752
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,531,750
- Grants made (2024)
- 48
- Average grant
- $136,078
- Median grant
- $94,975
- New grantees (estimate)
- 27% first-time grantees (12 of 45, 2024)
- Total assets
- $110,836,074
- Primary geography
- New York (89% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Full details ↓
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
$110.8M
+7.7% YoY
Annual Giving
$6.5M
-6.7% YoY
Grant Count
48
-40.7% YoY
Avg Grant Size
$136K
+57.4% YoY
Under IRS private-foundation payout rules, The Carroll and Milton Petrie Foundation Inc reported a distributable amount of $5.3M for 2024 — the minimum it must pay out in qualifying distributions.
Is The Carroll and Milton Petrie Foundation Inc open to new grantees?
27%
first-time grantees, 2024
In 2024, 12 of 45 grantees (27%) were first-time recipients. First grants averaged $157K; repeat grants $141K. How we count
Medians: $113K first-time, $80K repeat.
- 51% of 2024 grantees were also funded in 2023. Method
- Giving grew 26% from 2021 to 2024. Method
- In 2024 it paid out 140% 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 describes its approach as “fighting poverty through higher education and career connections.” It supports programs and practices that improve readiness for and connection to higher education, help students thrive in college, and increase access to high-potential careers after graduation. It also works with researchers, advocates, and partners to share evidence and promote best practices, and says it has a history of encouraging university and city officials to adopt policies that support low-income students.
Its grantees’ work illustrates the range of organizations receiving support. New Visions for Public Schools describes its mission as improving education quality in an individual recipient City public schools and preparing students for college and careers. Streetwise Partners says it advances career mobility through mentorship, career coaching, and social-capital development for adults from overlooked communities. iMentor describes partnering with public high schools in low-income communities to connect mentors and students, while Bottom Line says it supports first-generation students from low-income backgrounds through college entry and completion.
The foundation’s Connect to College work includes support for school-network organizations and CUNY’s Office of K-16 Initiatives. It says those partners work across more than 120 public schools, serving over 62,000 students in grades 6–12. The foundation also says it has chosen to concentrate this portfolio on select partners and will not expand it at this time.
Grantmaking
In filing year 2024, the foundation reported 48 grants totaling $6,531,750. Grant amounts ranged from $7,500 to $1,444,796, with a median of $94,975.
Among the largest reported grants were $1,444,796 to the Research Foundation for CUNY for a research and sponsored program grant; $600,000 to the City University of an individual recipient Research Foundation for a Student Emergency Fund; and $425,000 to New Visions for Public Schools for a postsecondary advising model expansion. Other notable awards included $275,657 to Brooklyn College Foundation for the Petrie Student Emergency Grant Fund 2024; $225,047 to Internationals Network for Public Schools; $225,007 to City College of an individual recipient for a Student Emergency Fund; and $190,000 to Borough of Manhattan Community College Foundation for a Student Emergency Fund.
How to Apply
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
Ready to take the next step with The Carroll and Milton Petrie Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation states that it works to improve education and career outcomes for low-income New Yorkers. In 2024, 89% of its grant dollars went to recipients in an individual recipient; the remaining reported shares were 4% to Washington, DC, 3% to Massachusetts, 2% to Illinois, and 2% to Ohio.
Grant Distribution by State
Share of 2024 grant dollars across all 48 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.2M (2021) to $10.3M (2022). In 2024 it made 48 grants totaling $6.5M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Research Foundation for CUNY ($1.4M). Together the top 10 received $3.9M.
Organizations only. It also paid 3 grants to individuals ($144,950), which are not listed by name.
Grant Size Distribution
278 grants across all recorded years
The most common grant size was in the $100–250K range: 132 grants of 278 (47%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Research Foundation for CUNY New York, NY | Research and Sponsored Program Grant | $1,444,796 |
| City University of New York Research Foundation New York, NY | Student Emergency Fund | $600,000 |
| New Visions for Public Schools Inc New York, NY | Postsecondary Advising Model Expansion. | $425,000 |
| Brooklyn College Foundation Inc Brooklyn, NY | Petrie Student Emergency Grant Fund 2024 | $275,657 |
| Internationals Network for Public Schools Inc Long Island City, NY | Providing Immigrant, Multilingual Learners Equitab | $225,047 |
| City College of New York New York, NY | Student Emergency Fund | $225,007 |
| Borough of Manhattan Community College Foundation New York, NY | Student Emergency Fund | $190,000 |
| Queens College Foundation Inc Flushing, NY | Queens College Emergency Grant | $170,000 |
| Streetwise Partners New York, NY | Student Emergency Fund | $170,000 |
| University of Mount Saint Vincent Bronx, NY | Pathways to Potential: Seton College's Commitment | $150,001 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2024 | $110,836,074 | $8,104,437 | $7,901,544 | $6,531,750 | 48 |
| 2023 | $102,889,545 | $10,620,605 | $8,202,941 | $7,003,183 | 81 |
| 2022 | $93,126,280 | $4,710,217 | $11,622,574 | $10,255,990 | 56 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $110,836,074 | $102,889,545 | $93,126,280 |
| Revenue | $8,104,437 | $10,620,605 | $4,710,217 |
| Expenses | $7,901,544 | $8,202,941 | $11,622,574 |
| Qualifying Distributions | $7,407,854 | $7,531,604 | $10,804,888 |
| Net Investment Income | $6,351,531 | $5,275,132 | $1,179,934 |
| Distributable Amount | $5,288,862 | $4,789,046 | $4,933,997 |
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 Etta Brandman and Regina Peruggi as co-presidents; Jean Troubh as vice president; David Tanner as treasurer; Gail Gordon as secretary; and Karrin Wilks, Meisha Porter, and Steve Colon as directors. Cass Conrad is listed as executive director.
The foundation also lists Alex Roland as Knowledge & Grants Manager and Desiree Vazquez Barlatt as Program Officer.
The Carroll and Milton Petrie Foundation Inc is led by Cass Conrad, Executive Director on every filing since 2023; 1 of 9 officers listed in 2024 is compensated.
Officers on the 2024 filing
Cass Conrad
Executive Director
On filings since 2023
40 hrs/week
$298K (2023) → $309K (2024)
Etta Brandman
Co-President
Director & Co-President → Co-President, 2024
On filings since 2023
5 hrs/week
No compensation reported
Regina Peruggi
Co-President
Director & Co-President → Co-President, 2024
On filings since 2023
5 hrs/week
No compensation reported
Karrin Wilks
Director
On filings since 2023
5 hrs/week
No compensation reported
Meisha Porter
Director
New on the 2024 filing
5 hrs/week
No compensation reported
Steve Colon
Director
New on the 2024 filing
5 hrs/week
No compensation reported
David Tanner
Treasurer
Director → Treasurer, 2024
On filings since 2023
5 hrs/week
No compensation reported
Gail Gordon
Secretary
Director & Treasurer → Secretary, 2024
On filings since 2023
5 hrs/week
No compensation reported
Jean Troubh
Vice President
Director & Vice President → Vice President, 2024
On filings since 2023
5 hrs/week
No compensation reported
Former officers (7)
- Former: Cass Conrad co carroll petrie (2020–2022) — Executive Director
- Former: David Tanner CO Stroock (2020–2022) — Director
- Former: etta brandman CO STROOcK (2020–2022) — Director & Co-President
- Former: Gail Gordon CO STROOcK (2020–2022) — Director & Treasurer
- Former: jean l troubh CO STROOcK (2020–2022) — Director & Vice President
- Former: Regina Peruggi CO STROOcK (2020–2022) — Director & Co-President
- Former: Karrin Wilkis CO Stroock (2022) — 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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $309K, to Cass Conrad (Executive Director).
Contact
Mailing address: Pbwt 1133 Ave Of Americas Atnetta, New York, NY 10036
Phone: (917) 753-0877
Website: https://petrie.org
Frequently asked questions about The Carroll and Milton Petrie Foundation Inc
How much does The Carroll and Milton Petrie Foundation Inc give each year?
The Carroll and Milton Petrie Foundation Inc gave $6.5M across 48 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.0M across 81 grants.
What is The Carroll and Milton Petrie Foundation Inc's typical grant size?
The Carroll and Milton Petrie Foundation Inc's median grant in 2024 was $94,975, and its average grant was $136,078, across 48 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Carroll and Milton Petrie Foundation Inc that year got $157K on average.
Where does The Carroll and Milton Petrie Foundation Inc give grants?
The Carroll and Milton Petrie Foundation Inc gives mostly in New York: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (24 grants), Brooklyn, NY (4 grants), Bronx, NY (3 grants) and Long Island City, NY (2 grants).
Does The Carroll and Milton Petrie Foundation Inc give general operating support?
Occasionally: 2% of The Carroll and Milton Petrie Foundation Inc's 2024 grants with a stated purpose (1 of 48) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Student Emergency Fund" (9 grants) and "The Carroll and Milton Petrie Student Emergency Gr" (3 grants).
Who are The Carroll and Milton Petrie Foundation Inc's largest grantees?
The Carroll and Milton Petrie Foundation Inc's largest 2024 grantees include Research Foundation for CUNY ($1,444,796), City University of New York Research Foundation ($600,000) and New Visions for Public Schools Inc ($425,000), according to its 2024 IRS Form 990-PF. It also paid 3 grants to individuals ($144,950), which are not listed by name. Together they received 38% of its itemized 2024 grant dollars.
How large is The Carroll and Milton Petrie Foundation Inc?
The Carroll and Milton Petrie Foundation Inc reported $110.8M 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 $5.3M (roughly 5% of its investment assets).
What does The Carroll and Milton Petrie Foundation Inc fund?
The foundation describes its approach as “fighting poverty through higher education and career connections.” See mission & focus areas ↑
How do I apply for a grant from The Carroll and Milton Petrie Foundation Inc?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Carroll and Milton Petrie Foundation Inc's EIN?
The Carroll and Milton Petrie Foundation Inc's EIN (Employer Identification Number) is 20-1451752. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Carroll and Milton Petrie Foundation Inc 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.
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