The Foundation to Promote

Foundation · Grantmaker NEW YORK, NY EIN: 13-4201589

The Foundation to Promote is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $85K in total assets. In 2022, it awarded 1 grants totaling $41K. Net investment income was $11K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$85K

-24.5% YoY

Annual Giving

$41K

+2.8% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$41K

+105.5% YoY

Under IRS private-foundation payout rules, The Foundation to Promote reported a distributable amount of $5K for 2022 — the minimum it must pay out in qualifying distributions.

About The Foundation to Promote

Based on IRS filings

Focus Areas

Arts, Culture & Humanities

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $146K (100%)

Virginia $250 (0%)

States

New York Virginia

Cities

New YorkRichmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	$84,768	$112,267	$125,768
Revenue	$18,107	$31,430	$34,198
Expenses	$45,606	$44,931	$71,810
Qualifying Distributions	$41,840	$40,826	—
Net Investment Income	$10,841	$17,825	$12,876
Distributable Amount	$4,766	$7,388	$6,909

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2022

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include American Folk Art Museum ($40,500).

Recipient	Purpose	Amount
AMERICAN FOLK ART MUSEUM NEW YORK, NY	CHARITABLE	$40,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
AUDREY B HECKLER	PRESIDENT	5	—

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

What is The Foundation to Promote?

The Foundation to Promote is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. It holds $85K in total assets as of 2022.

How large is The Foundation to Promote?

As of 2022, The Foundation to Promote holds $85K in total assets with $18K in annual revenue. It awarded 1 grants totaling $41K in 2022.

Where does The Foundation to Promote operate?

The Foundation to Promote has awarded grants in New York, Virginia.

What size grants does The Foundation to Promote award?

In 2022, The Foundation to Promote awarded 1 grants totaling $41K — an average of about $41K per grant, based on its IRS Form 990 filings.

How much is The Foundation to Promote required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, The Foundation to Promote reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.