The Greg Altman Foundation Inc
The Greg Altman Foundation Inc is a private foundation, based in Mount Kisco, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $452K in total assets. In 2025, it awarded 5 grants totaling $19K. Net investment income was $40K.
The Greg Altman Foundation Inc at a glance
In short: The Greg Altman Foundation Inc gave $19K across 5 grants in 2025 (avg $4K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,000
- -52.5% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $3,800
- -43.0% vs 2024
- Median grant
- $1,000
- Total assets
- $452,171
- +4.2% vs 2024
- Primary geography
- Maine (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Greg Altman Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Susan L Curtis Foundation ($10K). Together the top 5 received $19K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Greg Altman Foundation Inc gives
- Giving fell 55% from 2022 to 2025. Method
- In 2025 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2K (2023) to $50K (2019). In 2025 it made 5 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Susan L Curtis Foundation Portland, ME | General Support | $10,000 |
| Yarmouth Education Foundation Yarmouth, ME | General Support | $6,000 |
| Sea Meadow Marine Foundation Yarmouth, ME | General Support | $1,000 |
| The Center for Grieving Children Portland, ME | General Support | $1,000 |
| Um Hillel Coral Gables, FL | General Support | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $452,171 | $47,717 | $29,590 | $19,000 | 5 | $22,219 | $40,438 | $27,252 |
| 2024 | $434,044 | $44,902 | $47,973 | $40,000 | 6 | $40,100 | $38,487 | $25,399 |
| 2023 | $437,115 | $28,068 | $12,145 | $2,000 | 1 | $5,453 | $21,797 | $23,030 |
| 2022 | $421,192 | $30,586 | $51,903 | $42,000 | 6 | $43,652 | $23,095 | $23,342 |
| 2021 | $442,509 | $62,565 | $10,073 | — | — | $1,542 | $54,112 | $26,059 |
| 2020 | $390,017 | $34,502 | $30,658 | $21,000 | 2 | — | $27,014 | $22,026 |
| 2019 | $386,173 | $27,684 | $59,013 | $50,000 | 5 | — | $20,274 | $23,423 |
Under IRS private-foundation payout rules, The Greg Altman Foundation Inc reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Greg Altman Foundation Inc is led by Theodore Altman, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Theodore Altman
President
On filings since 2019
0.3 hrs/week
No compensation reported
Alec Altman
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Eleanor Altman
Secretary
On filings since 2019
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Greg Altman Foundation Inc
How much does The Greg Altman Foundation Inc give each year?
The Greg Altman Foundation Inc gave $19K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 6 grants.
What is The Greg Altman Foundation Inc's typical grant size?
The Greg Altman Foundation Inc's median grant in 2025 was $1,000, and its average grant was $3,800, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Greg Altman Foundation Inc give grants?
The Greg Altman Foundation Inc gives mostly in Maine: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (5%). The most frequent recipient cities were Portland, ME (2 grants) and Yarmouth, ME (2 grants).
Does The Greg Altman Foundation Inc give general operating support?
Yes: 100% of The Greg Altman Foundation Inc's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Greg Altman Foundation Inc's largest grantees?
The Greg Altman Foundation Inc's largest 2025 grantees include Susan L Curtis Foundation ($10,000), Yarmouth Education Foundation ($6,000) and Sea Meadow Marine Foundation ($1,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is The Greg Altman Foundation Inc?
The Greg Altman Foundation Inc reported $452K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $27K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Greg Altman Foundation Inc's EIN?
The Greg Altman Foundation Inc's EIN (Employer Identification Number) is 32-0081054. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 11, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 20, 2026)
- IRS filings on file for fiscal years 2019–2024
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