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.
The Carroll and Milton Petrie Foundation Inc at a glance
In short: The Carroll and Milton Petrie Foundation Inc gave $8.3M across 74 grants in 2025 (avg $112K), mostly in New York. 25% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,285,164
- +26.8% vs 2024
- Grants made (2025)
- 74
- +54.2% vs 2024
- Average grant
- $111,962
- -17.7% vs 2024
- Median grant
- $100,000
- Total assets
- $117,357,134
- +5.9% vs 2024
- New grantees (estimate)
- 25% first-time grantees (16 of 65, 2025)
- Primary geography
- New York (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Carroll and Milton Petrie Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: Pbwt 1133 Ave Of Americas Atnetta, New York, NY 10036
Phone: (917) 753-0877
Website: https://petrie.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Carroll and Milton Petrie Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Research Foundation Of The City University Of New ($828K). Together the top 10 received $3.4M.
Grant Size Distribution
305 grants across all recorded years
The most common grant size was in the $100–250K range: 141 grants of 305 (46%).
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 2025 grant dollars across all 74 itemized grants.
Cities
Is The Carroll and Milton Petrie Foundation Inc open to new grantees?
25%
first-time grantees, 2025
In 2025, 16 of 65 grantees (25%) were first-time recipients. First grants averaged $85K; repeat grants $141K. How we count
Medians: $88K first-time, $125K repeat.
- 37% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−19%). Method
- In 2025 it paid out 164% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2025, annual grant giving ranged from $5.2M (2021) to $10.3M (2022). In 2025 it made 74 grants totaling $8.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Research Foundation Of The City University Of New New York, NY | General Support | $827,839 |
| New Visions For Public Schools Inc New York, NY | General Support | $400,000 |
| Brooklyn College Foundation Inc Brooklyn, NY | General Support | $294,262 |
| The City University of New York New York, NY | General Support | $265,833 |
| Borough of Manhattan Community College Foundation New York, NY | General Support | $265,000 |
| America Needs You New York, NY | General Support | $239,821 |
| Internationals Network For Public Schools Inc Long Island City, NY | General Support | $230,000 |
| The Foundation for City College New York, NY | General Support | $200,007 |
| Urban Assembly Inc New York, NY | General Support | $175,000 |
| The Baruch College Fund New York, NY | General Support | $170,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $117,357,134 | $8,899,190 | $9,575,349 | $8,285,164 | 74 | $9,161,639 | $7,066,168 | $5,577,102 |
| 2024 | $110,836,074 | $8,104,437 | $7,901,544 | $6,531,750 | 48 | $7,407,854 | $6,351,531 | $5,288,862 |
| 2023 | $102,889,545 | $10,620,605 | $8,202,941 | $7,003,183 | 81 | $7,531,604 | $5,275,132 | $4,789,046 |
| 2022 | $93,126,280 | $4,710,217 | $11,622,574 | $10,255,990 | 56 | $10,804,888 | $1,179,934 | $4,933,997 |
| 2021 | $120,828,131 | $7,321,358 | $6,549,501 | $5,196,663 | 46 | $5,620,955 | $5,068,465 | $5,627,275 |
| 2020 | $109,993,163 | $17,005,056 | $8,295,431 | $7,336,037 | 47 | — | $14,956,408 | $4,593,096 |
Under IRS private-foundation payout rules, The Carroll and Milton Petrie Foundation Inc reported a distributable amount of $5.6M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
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. Its 2025 filing, the latest on this page, reports 74 grants totaling $8.3 million.
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.
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 2025 is compensated.
Officers on the 2025 filing
Cass Conrad
Executive Director
On filings since 2023
40 hrs/week
$298K (2023) → $332K (2025)
Etta Brandman
Co-President & Director
Director & Co-President → Co-President, 2024
Co-President → Co-President & Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Regina Peruggi
Co-President & Director
Director & Co-President → Co-President, 2024
Co-President → Co-President & Director, 2025
On filings since 2023
1 hr/week
No compensation reported
David Tanner
Treasurer & Director
Director → Treasurer, 2024
Treasurer → Treasurer & Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Gail Gordon
Secretary & Director
Director & Treasurer → Secretary, 2024
Secretary → Secretary & Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Jean Troubh
Vice President & Director
Director & Vice President → Vice President, 2024
Vice President → Vice President & Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Karrin Wilks
Director
On filings since 2023
1 hr/week
No compensation reported
Meisha Porter
Director
On filings since 2024
1 hr/week
No compensation reported
Steve Colon
Director
On filings since 2024
1 hr/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, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $332K, to Cass Conrad (Executive Director).
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 $8.3M across 74 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6.5M across 48 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 2025 was $100,000, and its average grant was $111,962, across 74 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Carroll and Milton Petrie Foundation Inc that year got $85K 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: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (6%). The most frequent recipient cities were New York, NY (39 grants), Brooklyn, NY (6 grants), Bronx, NY (6 grants) and Washington, DC (5 grants).
Does The Carroll and Milton Petrie Foundation Inc give general operating support?
Yes: 100% of The Carroll and Milton Petrie Foundation Inc's 2025 grants with a stated purpose (74 of 74) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Carroll and Milton Petrie Foundation Inc's largest grantees?
The Carroll and Milton Petrie Foundation Inc's largest 2025 grantees include Research Foundation Of The City University Of New ($827,839), The City University of New York ($534,937 across 3 grants) and New Visions For Public Schools Inc ($400,000), according to its 2025 IRS Form 990-PF. Together they received 21% of its itemized 2025 grant dollars.
How large is The Carroll and Milton Petrie Foundation Inc?
The Carroll and Milton Petrie Foundation Inc reported $117.4M in total assets on its 2025 IRS Form 990-PF. It paid out $9.2M in qualifying distributions that year, against a required minimum of $5.6M (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 2020–2025.
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 November 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Carroll and Milton Petrie Foundation Inc funds
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Cite this profile
Grantable. (2026). The Carroll and Milton Petrie Foundation Inc funder profile. GrantGraph. Retrieved November 12, 2026, from https://grantable.co/funders/the-carroll-and-milton-petrie-foundation-inc-morg_927b4997a65e4170a25ccb30d75dd225
BibTeX
@misc{grantable_201451752_2026,
author = {{Grantable}},
title = {{The Carroll and Milton Petrie Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-carroll-and-milton-petrie-foundation-inc-morg_927b4997a65e4170a25ccb30d75dd225},
note = {Accessed 2026-11-12. 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 Carroll and Milton Petrie Foundation Inc'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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