The Foundation for the Development of

Foundation · Grantmaker East Hampton, NY EIN: 11-2933069

The Foundation for the Development of is a private foundation, based in East Hampton, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 4 grants totaling $101K. Net investment income was $197K.

Key facts about The Foundation for the Development of

EIN: 11-2933069
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $101,060
Grants made (2024): 4
Average grant: $25,265
Median grant: $10,000
Total assets: $1,747,119
Primary geography: New York (90% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Foundation for the Development of funds

By grant dollars, the top recipient states for The Foundation for the Development of's 4 itemized 2024 grants were New York (90%) and Tennessee (10%). The most frequent recipient cities were New York, NY (3 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (4 grants).

How The Foundation for the Development of gives

Giving grew 55% from 2021 to 2024. Method
In 2024 it paid out 125% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Foundation for the Development of

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.7M

+23.6% YoY

Annual Giving

$101K

+17.5% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$25K

+46.9% YoY

Under IRS private-foundation payout rules, The Foundation for the Development of reported a distributable amount of $81K for 2024 — the minimum it must pay out in qualifying distributions.

About The Foundation for the Development of

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $91K (90%)

Tennessee $10K (10%)

Share of all 4 itemized 2024 grant dollars.

States

New York Tennessee

Cities

New YorkGarden CityMemphisSaratoga Springs

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,747,119	$1,413,640	$1,379,754
Revenue	$196,692	$125,415	$132,780
Expenses	$109,965	$94,776	$99,639
Qualifying Distributions	$101,060	$86,000	$80,000
Net Investment Income	$196,692	$125,415	$119,069
Distributable Amount	$80,975	$66,314	$56,049

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

18 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Jewish National Fund ($80,000), Memorial Sloan Kettering ($10,000), St Jude Research Hospital ($10,000).

Recipient	Purpose	Amount
JEWISH NATIONAL FUND New York, NY	DONATION	$80,000
MEMORIAL SLOAN KETTERING New York, NY	DONATION	$10,000
ST JUDE RESEARCH HOSPITAL Memphis, TN	DONATION	$10,000
MULTIPLE SCLEROSIS FOUNDATION New York, NY	DONATION	$1,060

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Mark Bittman	Vice Pres/Treas	—	—
Marietta Teitler	President	1	—

Frequently Asked Questions

How large is The Foundation for the Development of?

As of 2024, The Foundation for the Development of holds $1.7M in total assets with $197K in annual revenue. It awarded 4 grants totaling $101K in 2024.

Where does The Foundation for the Development of operate?

The Foundation for the Development of has awarded grants in New York, Tennessee.

What size grants does The Foundation for the Development of award?

In 2024, The Foundation for the Development of awarded 4 grants totaling $101K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is The Foundation for the Development of required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Foundation for the Development of reported a distributable amount of $81K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Foundation for the Development of's EIN?

The Foundation for the Development of's EIN (Employer Identification Number) is 11-2933069. IRS Form 990 filing data is available on this page for 2020–2024.