The Foundation for the Development of
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.
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
4
-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
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.
Ready to take the next step with The Foundation for the Development of?
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 | $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 |
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 include Jewish National Fund ($80,000), Memorial Sloan Kettering ($10,000), St Jude Research Hospital ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MEMORIAL SLOAN KETTERING NEW YORK, NY | DONATION | $10,000 |
| JEWISH NATIONAL FUND NEW YORK, NY | DONATION | $80,000 |
| MULTIPLE SCLEROSIS FOUNDATION NEW YORK, NY | DONATION | $1,060 |
| ST JUDE RESEARCH HOSPITAL MEMPHIS, TN | DONATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in The Foundation for the Development of's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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