The Isaac Sitt Foundation

Foundation · Grantmaker NEW YORK, NY EIN: 13-7200888

The Isaac Sitt 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 $42K in total assets. In 2024, it awarded 48 grants totaling $312K.

Key facts about The Isaac Sitt Foundation

EIN: 13-7200888
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $311,816
Grants made (2024): 48
Average grant: $6,496
Median grant: $2,025
Total assets: $41,807
Primary geography: New York (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who The Isaac Sitt Foundation funds

By grant dollars, the top recipient states for The Isaac Sitt Foundation's 48 itemized 2024 grants were New York (100%). The most frequent recipient cities were New York, NY (48 grants). None of its 48 grants with a stated purpose were described as general or operating support. Recurring purposes include "For the Use of the Donee Organization" (48 grants).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$42K

-50.1% YoY

Annual Giving

$312K

+6.6% YoY

Grant Count

-15.8% YoY

Avg Grant Size

$6K

+26.6% YoY

Under IRS private-foundation payout rules, The Isaac Sitt Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

About The Isaac Sitt Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $1.1M (100%)

States

New York

Cities

New York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$41,807	$83,824	$63,563
Revenue	$276,878	$317,683	$452,746
Expenses	$318,218	$297,422	$437,857
Qualifying Distributions	$315,017	$294,817	$436,213
Net Investment Income	—	—	—
Distributable Amount	$2,641	$3,648	$2,538

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

108 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Sephardic Academy of Manhattan ($56,250), Magen David of Yeshivah School ($55,315), Moise Safra Center ($37,378).

Recipient	Purpose	Amount
SEPHARDIC ACADEMY OF MANHATTAN NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$56,250
MAGEN DAVID OF YESHIVAH SCHOOL NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$55,315
MOISE SAFRA CENTER NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$37,378
SEPHARDIC HERITAGE MUSEUM NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$15,800
SEPHARDIC DIVISION OF CHAIM MEDICAL NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$13,000
THE SPECIAL CHILDREN'S CENTER NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$10,000
SEPHARDIC FOOD FUND NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$10,000
NEW YORK CANCER FOUNDATION NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$10,000
CONGREATION OHEL SIMHA NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$9,705
CONGREGATION CHESED L ABRAHAM NEW YORK, NY	FOR THE USE OF THE DONEE ORGANIZATION	$7,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ISAAC J SITT	PRESIDENT	4	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Isaac Sitt Foundation?

The Isaac Sitt Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $42K in total assets as of 2024.

How large is The Isaac Sitt Foundation?

As of 2024, The Isaac Sitt Foundation holds $42K in total assets with $277K in annual revenue. It awarded 48 grants totaling $312K in 2024.

Where does The Isaac Sitt Foundation operate?

The Isaac Sitt Foundation has awarded grants in New York.

What size grants does The Isaac Sitt Foundation award?

In 2024, The Isaac Sitt Foundation awarded 48 grants totaling $312K — an average of about $6K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Isaac Sitt Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.