The Gary and Carol Ross Foundation
The Gary and Carol Ross Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 21 grants totaling $160K. Net investment income was $50K.
Key facts about The Gary and Carol Ross Foundation
- EIN
- 84-3340740
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $159,950
- Grants made (2024)
- 21
- Average grant
- $7,617
- Median grant
- $5,000
- New grantees (estimate)
- 48% first-time grantees (10 of 21, 2024)
- Total assets
- $1,083,909
- Primary geography
- New York (73% of itemized 2024 grant dollars)
Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Gary and Carol Ross Foundation funds
By grant dollars, the top recipient states for The Gary and Carol Ross Foundation's 21 itemized 2024 grants were New York (73%) and District of Columbia (23%). The most frequent recipient cities were New York, NY (14 grants) and Washington, DC (2 grants). 5% of grants with a stated purpose were for general or operating support. Recurring purposes include "Medical Research" (5 grants) and "Education" (3 grants).
Is The Gary and Carol Ross Foundation open to new grantees?
48%
first-time grantees, 2024
In 2024, 10 of 21 grantees (48%) were first-time recipients. First grants averaged $7K; repeat grants $9K. How we count
Medians: $1K first-time, $5K repeat.
- 52% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2021 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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.
Next steps with The Gary and Carol Ross Foundation
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Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$1.1M
-9.4% YoY
Annual Giving
$160K
+6.6% YoY
Grant Count
21
+23.5% YoY
Avg Grant Size
$8K
-13.7% YoY
About The Gary and Carol Ross Foundation
Based on IRS filings
The Gary and Carol Ross Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 21 grants totaling $160K. Net investment income was $50K.
Focus Areas
Ready to take the next step with The Gary and Carol Ross Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 21 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,083,909 | $1,196,441 | $812,650 |
| Revenue | $50,305 | $535,181 | $8,337 |
| Expenses | $162,837 | $151,390 | $112,562 |
| Qualifying Distributions | — | — | $2,528 |
| Net Investment Income | $49,793 | $35,041 | $8,303 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 10 recipients in 2024
Grant Size Distribution
109 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Washington Institute for Near East Policy ($25,000), HSS Foundation ($23,200), Columbia University Foley Retina Research Found ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WASHINGTON INSTITUTE FOR NEAR EAST POLICY Washington, DC | FOREIGN AFFIARS | $25,000 |
| HSS FOUNDATION New York, NY | MEDICAL RESEARCH | $23,200 |
| COLUMBIA UNIVERSITY FOLEY RETINA RESEARCH FOUND New York, NY | MEDICAL RESEARCH | $20,000 |
| COLUMBIA UNIVERSITY DEPT OF OPHTHAL New York, NY | MEDICAL RESEARCH | $20,000 |
| ENERGY POLICY RESEARCH FOUNDATION Washington, DC | ECONOMIC RESEARCH | $12,000 |
| NYU LANGHORNE HEALTH New York, NY | MEDICAL RESEARCH | $11,000 |
| COVENANT HOUSE New Yyork, NY | HOMELESSNESS | $10,000 |
| THE ENERGY FORUM New York, NY | ECONOMIC RESEARCH | $10,000 |
| CONGREGATION EMANU-EL OF NYC New York, NY | RELIGOUS | $5,000 |
| LONG ISLAND UNIVERSITY Brooklyn, NY | EDUCATION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
The Gary and Carol Ross Foundation is led by Gary N. Ross, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gary N. Ross
President
On filings since 2020
1 hr/week
No compensation reported
Carol Ross
Vice President
On filings since 2020
1 hr/week
No compensation reported
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.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gary and Carol Ross Foundation?
The Gary and Carol Ross Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $1.1M in total assets as of 2024.
How large is The Gary and Carol Ross Foundation?
As of 2024, The Gary and Carol Ross Foundation holds $1.1M in total assets with $50K in annual revenue. It awarded 21 grants totaling $160K in 2024.
Where does The Gary and Carol Ross Foundation operate?
The Gary and Carol Ross Foundation has awarded grants in Connecticut, District of Columbia, Florida, Iowa, Illinois, Kentucky, Maryland, New Jersey, New York, Oklahoma, Texas, Virginia.
What size grants does The Gary and Carol Ross Foundation award?
In 2024, The Gary and Carol Ross Foundation awarded 21 grants totaling $160K — an average of about $8K per grant, based on its IRS Form 990 filings.
What is The Gary and Carol Ross Foundation's EIN?
The Gary and Carol Ross Foundation's EIN (Employer Identification Number) is 84-3340740. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.