The Price Family Foundation is a private foundation established in 1997 in New Jersey and currently based in New York City. Founded by Michael F. Price, a successful fund trader who served as former Chairman and President of Mutual Series (an investment company that merged into Franklin Templeton Investments in 1996), the foundation operates as a 501(c)(3) organization with tax-exempt status since March 1997.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-18.8% YoY
Annual Giving
$2.5M
-37.7% YoY
Grant Count
16
-11.1% YoY
Avg Grant Size
$158K
-29.9% YoY
Under IRS private-foundation payout rules, The Price Family Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on giving primarily for higher education, children's services, and hospitals. Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community Health
- Health and Medical Services
- Health and Wellness
- School Health
Grantmaking
The foundation made 56 grants in its most recent fiscal year (2024). Typical award amounts range from $100 to $1,000,000, with a median grant size of $38,000.
Grant Range
of $38,000.
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Geographic Focus
Where this funder awards grants
The foundation funds primarily in New York and Massachusetts, with a notable concentration of grants to New York-based institutions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $1,257,954
- Total Revenues: $2,921,461
- Total Expenses: $2,565,970
- Total Liabilities: $183,000
- Total Contributions/Grants Received: $2,799,036
Financial Trend: Contributions declined 27.3% from fiscal year 2023 ($3,850,000) to 2024 ($2,799,036).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,257,954 | $1,549,976 | $5,143,029 |
| Revenue | $2,921,461 | $3,991,082 | $4,890,393 |
| Expenses | $2,565,970 | $4,132,133 | $7,947,710 |
| Qualifying Distributions | $2,534,300 | $4,077,876 | $7,824,138 |
| Net Investment Income | $107,557 | $869,211 | $1,772,114 |
| Distributable Amount | $7,358 | $146,168 | $199,802 |
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
179 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New York Presbyterian Fund Inc ($1,000,000), John Jay College Foundation ($515,168), Trustees of Boston Collge ($333,332).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTRAL PARK CONSERVANCY NEW YORK, NY | GENERAL USE | $65,700 |
| HOSPITAL FOR SPECIAL SURGERY INC NEW YORK, NY | GENERAL USE | $250,000 |
| JOHN JAY COLLEGE FOUNDATION NEW YORK, NY | GENERAL USE | $515,168 |
| NEW YORK PRESBYTERIAN FUND INC NEW YORK, NY | GENERAL USE | $1,000,000 |
| THE WINDWARD SCHOOL NEW YORK, NY | GENERAL USE | $1,000 |
| TRUSTEES OF BOSTON COLLGE CHESTNUT HILL, MA | GENERAL USE | $333,332 |
| UNIVERSITY OF OKLAHOMA FOUNDATION NORMAN, NY | GENERAL USE | $125,000 |
| PORT CHESTER RYE-RYE BROOK EMS PORT CHESTER, NY | GENERAL USE | $100 |
| NANTUCKET CONSERVATION FOUNDATION INC NANTUCKET, MA | GENERAL USE | $15,000 |
| NEW YORK YANKEES FOUNDATION NEW YORK, NY | GENERAL USE | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- Jennifer C. Price — President & Treasurer
- Charles T. Price — Trustee
- Claudia Forbes — Trustee
- Ellen Lynch — Secretary
- Timothy E. Ladin — General Counsel, Vice President
The foundation operates with zero employees, relying on its board of trustees for governance.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES T PRICE | TRUSTEE | 1 | — |
| CLAUDIA FORBES | TRUSTEE | 1 | — |
| JENNIFER C PRICE | PRESIDENT & TREASURER | 1 | — |
| ELLEN LYNCH | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been associated with the Michael F. Price Memorial Grant program through the DeGregorio Family Foundation, which has awarded multiple grants for cancer research initiatives, including research focused on gastroesophageal cancer therapy, cancer stem cell disruption, immune cell suppression in gastroesophageal cancer, and esophageal cancer survival rates.
Michael F. Price Memorial Grant from DeGregorio Family Foundation AwardedSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Price Family Foundation fund?
The foundation's mission centers on giving primarily for higher education, children's services, and hospitals. Primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Community Health • Health and Medical Services • Health and Wellness • School Health
How do I apply for a grant from The Price Family Foundation?
**Grant Activity:** The foundation made 56 grants in its most recent fiscal year (2024). Typical award amounts range from $100 to $1,000,000, with a median grant size of $38,000. **Recent Notable Grants (2024):** • New York-Presbyterian Fund: $1,000,000 (General Use) • John Jay College Foundation: $515,168 (General Use) • Child Mind Institute: $125,000 (General Use) **Total Giving:** • 2024: $2,534,300 in distributions • 2023: Approximately $2.5M in distributions
Where does The Price Family Foundation make grants?
The foundation funds primarily in New York and Massachusetts, with a notable concentration of grants to New York-based institutions.
What size grants does The Price Family Foundation award?
In 2024, The Price Family Foundation awarded 16 grants totaling $2.5M — an average of about $158K per grant, based on its IRS Form 990 filings.
How much is The Price Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Price Family Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Price Family Foundation's EIN?
The Price Family Foundation's EIN (Employer Identification Number) is 22-3483367. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Price Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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