The Cygnet Foundation Inc is a private foundation focused on Education, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $345K in total assets. In 2024, it awarded 5 grants totaling $11K. Net investment income was $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$345K
+4.4% YoY
Annual Giving
$11K
-41.0% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$2K
-17.4% YoY
Under IRS private-foundation payout rules, The Cygnet Foundation Inc reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
About The Cygnet Foundation Inc
Based on IRS filings
The Cygnet Foundation Inc is a private foundation focused on Education, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $345K in total assets. In 2024, it awarded 5 grants totaling $11K. Net investment income was $25K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $344,652 | $329,978 | $348,684 |
| Revenue | $28,480 | $2,531 | $20,424 |
| Expenses | $13,806 | $21,237 | $12,990 |
| Qualifying Distributions | $10,500 | $17,790 | — |
| Net Investment Income | $25,225 | $3,484 | — |
| Distributable Amount | $23,341 | $18,081 | $18,401 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Loyola Mens Lacrosse ($5,000), Sag Harbor Cinema Art Center ($2,500), Sag Harbors Helpers Inc ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAG HARBOR CINEMA ART CENTER SAG HARBOR, NY | TO HELP ORGANIZAION IN ITS EXEMPT FUNCTION | $2,500 |
| SAG HARBORS HELPERS INC SAG HARBOR, NY | TO HELP ORGANIZATION IN ITS EXEMPT FUNCTION | $2,000 |
| ANIMAL RESCUE FUND OF THE HAMPTONS WAINSCOTT, NY | TO HELP ORGANIZATION IN ITS EXEMPT FUNCTION | $500 |
| RETI CENTER BROOKLYN, NY | TO HELP ORG. IN ITS EXEMPT FUNCTION | $500 |
| LOYOLA MENS LACROSSE BALTIMORE, MD | TO HELP ORG. IN ITS EXEMPT FUNCTION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RALPH GIBSON | SECRETARY/TREASURER | 5 | — |
| KIMBERLY QUINN | VICE PRESIDENT | 5 | — |
| RAYMOND WILLIAM MERRITT | PRESIDENT | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Cygnet Foundation Inc?
The Cygnet Foundation Inc is a private foundation focused on Education, based in NEW YORK, NY. It holds $345K in total assets as of 2024.
How large is The Cygnet Foundation Inc?
As of 2024, The Cygnet Foundation Inc holds $345K in total assets with $28K in annual revenue. It awarded 5 grants totaling $11K in 2024.
Where does The Cygnet Foundation Inc operate?
The Cygnet Foundation Inc has awarded grants in District of Columbia, Florida, Maryland, New Jersey, Nevada, New York, Texas.
What size grants does The Cygnet Foundation Inc award?
In 2024, The Cygnet Foundation Inc awarded 5 grants totaling $11K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Cygnet Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cygnet Foundation Inc reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cygnet Foundation Inc's EIN?
The Cygnet Foundation Inc's EIN (Employer Identification Number) is 13-3949429. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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