The Elroy and Terry Krumholz Foundation
The Elroy and Terry Krumholz Foundation is a private independent foundation established in 1992 and based in New York City. The foundation operates as a grantmaking organization focused on supporting charitable causes across multiple sectors.
Key facts about The Elroy and Terry Krumholz Foundation
In short: The Elroy and Terry Krumholz Foundation gave $188K across 14 grants in 2024 (avg $13K), mostly in New York. 7% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 13-3641606
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $187,500
- Grants made (2024)
- 14
- Average grant
- $13,393
- Median grant
- $5,000
- New grantees (estimate)
- 7% first-time grantees (1 of 14, 2024)
- Total assets
- $1,530,857
- Primary geography
- New York (84% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-7.5% YoY
Annual Giving
$188K
-45.1% YoY
Grant Count
14
-17.6% YoY
Avg Grant Size
$13K
-33.3% YoY
Under IRS private-foundation payout rules, The Elroy and Terry Krumholz Foundation reported a distributable amount of $81K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Elroy and Terry Krumholz Foundation open to new grantees?
7%
first-time grantees, 2024
In 2024, 1 of 14 grantees (7%) were first-time recipients. First grants averaged $4K; repeat grants $14K. How we count
Medians: $4K first-time, $5K repeat.
- 93% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 299% 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's primary areas of interest include:
- Animal welfare
- The arts
- Community services
- Education
- Cancer patient and family support services
- Social services, including special camping and community services
- Jewish community programs
Grantmaking
The foundation has demonstrated support for arts organizations, as evidenced by its major funding contributions to cultural programming in New York City.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking activities are concentrated primarily in:
- New York
- California
- Minnesota
Grant Distribution by State
Share of all 14 itemized 2024 grant dollars.
Cities
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
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| METROPOLITAN OPERA New York, NY | CHARITABLE PURPOSES | $85,000 |
| YOUNG PEOPLES CHORUS New York, NY | CHARITABLE PURPOSES | $25,000 |
| GODS LOVE WE DELIVER New York, NY | CHARITABLE PURPOSES | $18,000 |
| ST MARY'S FOUNDATION Lomita, CA | CHARITABLE PURPOSES | $15,000 |
| ROUNDABOUT THEATRE New York, NY | CHARITABLE PURPOSES | $10,000 |
| SOCIAL ADVOCATES FOR YOUTH Santa Rosa, CA | CHARITABLE PURPOSES | $6,000 |
| MAJESTIC HILLS Lakeville, MN | CHARITABLE PURPOSE | $5,000 |
| MANHATTAN THEATRE CLUB New York, NY | CHARITABLE PURPOSES | $5,000 |
| THE MUSEUM OF MODARN ART New York, NY | CHARITABLE PURPOSES | $5,000 |
| ARIZONA OPERA Phoenix, AZ | CHARITABLE PURPOSES | $4,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,530,857 | $1,654,428 | $2,012,127 |
| Revenue | $179,307 | $100,258 | $111,286 |
| Expenses | $302,878 | $457,957 | $192,256 |
| Qualifying Distributions | $242,860 | $396,760 | $116,510 |
| Net Investment Income | $123,947 | $44,898 | $36,207 |
| Distributable Amount | $81,233 | $89,884 | $114,624 |
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
Officers and directors from IRS filings
The Elroy and Terry Krumholz Foundation's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Diane Razzano
Trustee
On filings since 2020
5 hrs/week
$28K (2020) → $28K (2024)
Rosalind Sackoff
Trustee
On filings since 2020
5 hrs/week
$28K (2020) → $28K (2024)
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
Contact Information
Address: c/o BFFA, 1430 Broadway, Suite 1208, New York City, NY 10018
Telephone: 212-696-4600
EIN: 13-3641606
Frequently asked questions about The Elroy and Terry Krumholz Foundation
How much does The Elroy and Terry Krumholz Foundation give each year?
The Elroy and Terry Krumholz Foundation gave $188K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $341K across 17 grants.
What is The Elroy and Terry Krumholz Foundation's typical grant size?
The Elroy and Terry Krumholz Foundation's median grant in 2024 was $5,000, and its average grant was $13,393, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Elroy and Terry Krumholz Foundation that year got $4K on average.
Where does The Elroy and Terry Krumholz Foundation give grants?
The Elroy and Terry Krumholz Foundation gives mostly in New York: 84% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (11%). The most frequent recipient cities were New York, NY (8 grants).
Who are The Elroy and Terry Krumholz Foundation's largest grantees?
The Elroy and Terry Krumholz Foundation's largest 2024 grantees include Metropolitan Opera ($85,000), Young Peoples Chorus ($25,000) and Gods Love We Deliver ($18,000), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is The Elroy and Terry Krumholz Foundation?
The Elroy and Terry Krumholz Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $243K in qualifying distributions that year, against a required minimum of $81K (roughly 5% of its investment assets).
What does The Elroy and Terry Krumholz Foundation fund?
The foundation's primary areas of interest include: • Animal welfare • The arts • Community services • Education • Cancer patient and family support services • Social services, including special camping and community services • Jewish community programs
How do I apply for a grant from The Elroy and Terry Krumholz Foundation?
**Grant Amounts:** Typical awards range from $500 to $170,000. **Annual Giving:** The foundation distributed $187,500 in grants based on its most recent filing. **Asset Base:** The foundation maintains total assets of $1,530,857. The foundation has demonstrated support for arts organizations, as evidenced by its major funding contributions to cultural programming in New York City.
What is The Elroy and Terry Krumholz Foundation's EIN?
The Elroy and Terry Krumholz Foundation's EIN (Employer Identification Number) is 13-3641606. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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