The Realty Foundation of New
The Realty Foundation of New York is a private foundation established in 1956 and based in New York City. It operates as a corporate foundation affiliated with the Real Estate Board of New York (REBNY). The foundation primarily serves the real estate industry and its professionals in New York City.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+20.7% YoY
Annual Giving
$539K
-27.8% YoY
Grant Count
29
-23.7% YoY
Avg Grant Size
$19K
-5.4% YoY
Mission & Focus Areas
The foundation provides assistance to financially needy employees and awards scholarships to employees and children of employees of the real estate industry in New York City.
Primary funding areas include:
- Financial assistance for real estate professionals in need
- Scholarships for employees and their children
- Youth education and development programs
- Residences and communities support
- Veterans services
- Real estate industry workforce development
Grantmaking
The foundation operates several key programs:
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Geographic Focus
Where this funder awards grants
The foundation focuses on New York City and the New York region, with particular emphasis on serving the real estate industry professionals within this area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (2024):
- Total Assets: $3,083,518
- Total Revenues: $1,298,488
- Total Expenses: $1,723,624
- Number of Employees: 0
The foundation maintains a significant asset base and demonstrates consistent annual giving activity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,083,518 | $2,554,177 | $2,468,955 |
| Revenue | $1,298,488 | $1,396,445 | $2,223,386 |
| Expenses | $1,723,624 | $1,970,965 | $1,315,158 |
| Qualifying Distributions | $1,316,254 | $1,938,702 | $1,286,522 |
| Net Investment Income | $37,615 | $28,744 | $24,112 |
| Distributable Amount | $116,287 | $109,490 | $112,287 |
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
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key leadership includes:
- Leonard Boxer – Vice President, Chairman of Real Estate Department at Stroock & Stroock & Lavan LLP
- Alan Weiner – Vice President, Head of Wells Fargo Multifamily Capital (New York-based)
- Frederick Peters – Vice President, President of Warburg Realty Partnership
- Bruce A. Beal Jr. – Vice President, President of Related Companies
- Douglas D. Durst – Secretary, Chairman of Durst Organization
- Leslie Wohlman Himmel – Assistant Treasurer, Himmel & Meringoff Properties
- Donald Zucker – Assistant Secretary, real estate developer
- Adam R. Rose – Vice President, Co-president of Rose Associates
- Robert A. Knakal – Vice President, Chairman of Massey Knakal Realty
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JED WALENTAS | CHAIRMAN | 0.1 | — |
| JAMES WHELAN | PRESIDENT | 1 | — |
| LESLIE WOHLMAN HIMMEL | TREASURER | 0.1 | — |
| BRUCE BEAL | SECRETARY | 0.1 | — |
| LEONARD BOXER | VICE PRES. | 0.1 | — |
| DANIEL BRODSKY | VICE PRES. | 0.1 | — |
| ROBERT A KNAKAL | VICE PRES. | 0.1 | — |
| FREDERICK W PETERS | VICE PRES. | 0.1 | — |
| AMY ROSE | VICE PRES. | 0.1 | — |
| ALAN H WEINER | VICE PRES. | 0.1 | — |
| DONALD ZUCKER | VICE PRES. | 0.1 | — |
Contact Information
Address: 1411 Broadway, Floor 9, New York City, NY 10018-3496
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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