The Musicians Aid Society of New York is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $329K in total assets. In 2024, it awarded 25 grants totaling $58K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$329K
-2.3% YoY
Annual Giving
$58K
+54.4% YoY
Grant Count
25
+47.1% YoY
Avg Grant Size
$2K
+5.0% YoY
Under IRS private-foundation payout rules, The Musicians Aid Society of New York reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About The Musicians Aid Society of New York
Based on IRS filings
The Musicians Aid Society of New York is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $329K in total assets. In 2024, it awarded 25 grants totaling $58K. Net investment income was $11K.
Focus Areas
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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 | $329,136 | $337,038 | $309,184 |
| Revenue | $54,152 | $99,107 | $93,065 |
| Expenses | $62,054 | $71,253 | $106,437 |
| Qualifying Distributions | $61,595 | $67,995 | $100,691 |
| Net Investment Income | $11,493 | $7,906 | — |
| Distributable Amount | $26,295 | $22,529 | $22,156 |
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
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Doug South ($22,385), Mike Ledonne ($10,500), Frank Thedford ($9,995).
| Recipient | Purpose | Amount |
|---|---|---|
| DOUG GREAN VERPLANK, NY | MUSICAL ASSISTANCE | $600 |
| FRANK THEDFORD | MUSICAL ASSISTANCE | $9,995 |
| TOM KAELIN SEA CLIFF, NY | MUSICAL ASSISTANCE | $370 |
| DAN SPONPINATO HAMPTON BAYS, NY | MUSICAL ASSISTANCE | $230 |
| MIKE LEDONNE NEW YORK, NY | MUSICAL ASSISTANCE | $10,500 |
| ERIC ALEXANDER BRONX, NY | MUSICAL ASSISTANCE | $4,500 |
| DAN DEGREGORY GULFPORT, FL | MUSICAL ASSISTANCE | $333 |
| BRIAN MCQUILLEN NEW YORK, NY | MUSICAL ASSISTANCE | $250 |
| JOHN ZIAS ODESSA, FL | MUSICAL ASSISTANCE | $1,764 |
| DOUG SOUTH LAND O LAKES, FL | MUSICAL ASSISTANCE | $22,385 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GREGORY KOERNER | President | 4 | — |
| DERRICK HUSSEY | Chairman | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Musicians Aid Society of New York?
The Musicians Aid Society of New York is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. It holds $329K in total assets as of 2024.
How large is The Musicians Aid Society of New York?
As of 2024, The Musicians Aid Society of New York holds $329K in total assets with $54K in annual revenue. It awarded 25 grants totaling $58K in 2024.
Where does The Musicians Aid Society of New York operate?
The Musicians Aid Society of New York has awarded grants in Arizona, California, Connecticut, Florida, Illinois, Indiana, Massachusetts, Maine, New Jersey, Nevada, New York, Pennsylvania.
What size grants does The Musicians Aid Society of New York award?
In 2024, The Musicians Aid Society of New York awarded 25 grants totaling $58K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Musicians Aid Society of New York required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Musicians Aid Society of New York reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Musicians Aid Society of New York's EIN?
The Musicians Aid Society of New York's EIN (Employer Identification Number) is 13-3880269. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Musicians Aid Society of New York's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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