The Independent Foundation is a private foundation 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 $9.9M in total assets. In 2024, it awarded 1 grants totaling $314K. Net investment income was $385K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.9M
+52.0% YoY
Annual Giving
$314K
+23.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$314K
+23.7% YoY
Under IRS private-foundation payout rules, The Independent Foundation reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
About The Independent Foundation
Based on IRS filings
The Independent Foundation is a private foundation 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 $9.9M in total assets. In 2024, it awarded 1 grants totaling $314K. Net investment income was $385K.
Focus Areas
Ready to take the next step with The Independent Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,944,027 | $6,542,146 | $5,195,935 |
| Revenue | $3,407,742 | $1,141,814 | $1,164,508 |
| Expenses | $337,103 | $271,790 | $272,241 |
| Qualifying Distributions | $314,283 | $254,105 | $254,561 |
| Net Investment Income | $384,931 | $162,432 | $60,828 |
| Distributable Amount | $88,559 | — | — |
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 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Various 501c3 organizations ($314,283).
| Recipient | Purpose | Amount |
|---|---|---|
| Various 501c3 organizations New York, NY | Charitable | $314,283 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Eduard Korsinsky | President | — | — |
| Joseph Levi | Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Independent Foundation?
The Independent Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $9.9M in total assets as of 2024.
How large is The Independent Foundation?
As of 2024, The Independent Foundation holds $9.9M in total assets with $3.4M in annual revenue. It awarded 1 grants totaling $314K in 2024.
Where does The Independent Foundation operate?
The Independent Foundation has awarded grants in New York.
What size grants does The Independent Foundation award?
In 2024, The Independent Foundation awarded 1 grants totaling $314K — an average of about $314K per grant, based on its IRS Form 990 filings.
How much is The Independent Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Independent Foundation reported a distributable amount of $89K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Independent Foundation's EIN?
The Independent Foundation's EIN (Employer Identification Number) is 11-6526222. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Independent Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
The Ayco Charitable Foundation
COHOES, NY
Assets
$1.2B
Grants
4,719
Total Given
$287.7M
Jewish Communal Fund
NEW YORK, NY
Assets
$3.0B
Grants
4,673
Total Given
$953.3M
The Ford Foundation
NEW YORK, NY
Assets
$17.5B
Grants
4,007
Total Given
$844.7M
The Ojc Fund
BROOKLYN, NY
Assets
$46.1M
Grants
3,410
Total Given
$386.1M
The New York Community Trust
NEW YORK, NY
Assets
$3.5B
Grants
2,748
Total Given
$193.8M
The Goldman Sachs Charitable Gift Fund
NEW YORK, NY
Assets
$518.0M
Grants
2,485
Total Given
$212.1M
The Simons Foundation Inc
NEW YORK, NY
Assets
$4.5B
Grants
1,727
Total Given
$272.0M
American Express Foundation
NEW YORK, NY
Assets
$48.9M
Grants
1,495
Total Given
$23.2M
Equitable Foundation Inc
NEW YORK, NY
Assets
$112.4M
Grants
1,453
Total Given
$5.5M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Independent Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities