The Cygnet Foundation Inc is a private foundation based in New York, NY. Its 2025 filing reports grants to charitable organizations, including organizations in New York and other states.
Key facts about The Cygnet Foundation Inc
In short: The Cygnet Foundation Inc gave $44K across 20 grants in 2025 (avg $2K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 13-3949429
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $44,060
- Grants made (2025)
- 20
- Average grant
- $2,203
- Median grant
- $1,003
- Total assets
- $344,076
- Primary geography
- New York (58% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$344K
-0.2% YoY
Annual Giving
$44K
+319.6% YoY
Grant Count
20
+300.0% YoY
Avg Grant Size
$2K
+4.9% YoY
Under IRS private-foundation payout rules, The Cygnet Foundation Inc reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
How The Cygnet Foundation Inc gives
- 10% of 2025 grantees were also funded in 2024. 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 (2025). 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 available information does not state a mission for the foundation. Its 2025 grants included organizations with different purposes. For example, Cinema Tropical describes its mission as promoting Latin American cinema through appropriate channels for exhibition. The Sag Harbor Community Food Pantry describes its mission as providing food to people in need in Sag Harbor and its environs and encouraging community support for needy families.
Grantmaking
In 2025, the foundation reported 20 grants totaling $44,060. Grant amounts ranged from $1,000 to $7,000, with a median of $1,002.
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Geographic Focus
Where this funder awards grants
The 2025 grant dollars went to recipients in multiple states. New York accounted for 58% of grant dollars, followed by New Jersey and Maryland at 11% each, Florida at 8%, and Michigan at 3%.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2021) to $44K (2025). In 2025 it made 20 grants totaling $44K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Sag Harbors Helpers Inc ($7K). Together the top 10 received $34K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 33 grants of 33 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sag Harbors Helpers Inc Sag Harbor, NY | To Help Organization in Its Exempt Function | $7,000 |
| Cinema Tropical Inc New York City, NY | To Help Org. in Its Exempt Function | $6,000 |
| Loyola University Baltimore, MD | To Help Org. in Its Exempt Function | $5,000 |
| Donations Paid Under 1000 to Diff Org New York, NY | To Help Org. in Its Exempt Function | $4,885 |
| Delbarton School Morristown, NJ | To Help Org.in Its Exempt Function | $3,000 |
| Sag Harbor Cinema Art Center Sag Harbor, NY | To Help Organizaion in Its Exempt Function | $2,500 |
| Oak Knoll School of Holy Child Summit, NJ | To Help Org. in Its Exempt Function | $2,000 |
| Cristys School Supply Fund Miami, FL | To Help Org. in Its Exempt Function | $1,500 |
| Flagstar Troy, MI | To Help Org.in Its Exempt Organization | $1,170 |
| Big Dog Ranch Rescue Loxahatchee, FL | To Help Org. in Its Exempt Function | $1,005 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $344,076 | $49,074 | $49,650 | $44,060 |
| 2024 | $344,652 | $28,480 | $13,806 | $10,500 |
| 2023 | $329,978 | $2,531 | $21,237 | $17,790 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $344,076 | $344,652 | $329,978 |
| Revenue | $49,074 | $28,480 | $2,531 |
| Expenses | $49,650 | $13,806 | $21,237 |
| Qualifying Distributions | $44,160 | $10,500 | $17,790 |
| Net Investment Income | $44,297 | $25,225 | $3,484 |
| Distributable Amount | $26,897 | $23,341 | $18,081 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Raymond William Merritt as president, Kimberly Quinn as vice president, and Ralph Gibson as secretary/treasurer.
The Cygnet Foundation Inc is led by Raymond William Merritt, President since 2023 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Raymond William Merritt
President
President, Director & Director → President, 2023
On filings since 2020
5 hrs/week
No compensation reported
Kimberly Merritt Quinn
Vice President
Director → Vice President, 2023
On filings since 2020
5 hrs/week
No compensation reported
Ralph Gibson
Secretary & Treasurer
Director → Secretary & Treasurer, 2023
On filings since 2020
5 hrs/week
No compensation reported
Former officers (2)
- Former: Carol Ann Merritt (2020–2022) — Vice President & Treasurer
- Former: Mary Jane Marcasiano (2020–2022) — 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.
Contact
Mailing address: Fulvio Assoc5W 37Th St 4Th Fl, New York, NY 10018
Phone: (212) 728-8000
Frequently asked questions about The Cygnet Foundation Inc
How much does The Cygnet Foundation Inc give each year?
The Cygnet Foundation Inc gave $44K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 5 grants.
What is The Cygnet Foundation Inc's typical grant size?
The Cygnet Foundation Inc's median grant in 2025 was $1,003, and its average grant was $2,203, across 20 grants on its 2025 IRS Form 990-PF.
Where does The Cygnet Foundation Inc give grants?
The Cygnet Foundation Inc gives mostly in New York: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New Jersey (11%) and Maryland (11%). The most frequent recipient cities were Sag Harbor, NY (5 grants) and New York, NY (2 grants).
Who are The Cygnet Foundation Inc's largest grantees?
The Cygnet Foundation Inc's largest 2025 grantees include Sag Harbors Helpers Inc ($7,000), Cinema Tropical Inc ($6,000) and Loyola University ($5,000), according to its 2025 IRS Form 990-PF. Together they received 41% of its itemized 2025 grant dollars.
How large is The Cygnet Foundation Inc?
The Cygnet Foundation Inc reported $344K in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $27K (roughly 5% of its investment assets).
What does The Cygnet Foundation Inc fund?
The available information does not state a mission for the foundation. Its 2025 grants included organizations with different purposes. For example, Cinema Tropical describes its mission as promoting Latin American cinema through appropriate channels for exhibition. See mission & focus areas ↑
How do I apply for a grant from The Cygnet Foundation Inc?
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 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 2020–2025.
Does The Cygnet Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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