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
Under IRS private-foundation payout rules, The Realty Foundation of New reported a distributable amount of $116K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Building Skills New York ($278,500), Win ($30,000), Naacp New York State ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KRISTINA RINCON REGO PARK, NY | FINANCIAL ASSISTANCE | $15,000 |
| AMANDA JHONES NEW YORK, NY | FINANCIAL ASSISTANCE | $15,000 |
| KIANA CALDER BRONX, NY | FINANCIAL ASSISTANCE | $5,000 |
| RICHARD FARB NEW YORK, NY | FINANCIAL ASSISTANCE | $15,000 |
| PASQUALE STRIPPOLI NEW YORK, NY | FINANCIAL ASSISTANCE | $10,000 |
| BUILDING SKILLS NEW YORK NEW YORK, NY | SUPPORT CONSTRUCTION JOBS & TRAINING | $278,500 |
| CITIZENS BUDGET COMMISSION NEW YORK, NY | ACHIEVE CHANGE IN FINANCE & SVCS NYC | $17,160 |
| CITIZENS HOUSING & PLANNING COUNCIL NEW YORK, NY | SUPPORT AFFORDABLE HOUSING | $11,000 |
| CORO NEW YORK LEADERSHIP CENTER NEW YORK, NY | LEADERSHIP CONFERENCE SPONSORSHIP | $10,000 |
| HEROS TO HEROS BOYNTON BEACH, FL | SUPPORT VETERANS SERVICES | $400 |
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
Frequently Asked Questions
What does The Realty Foundation of New fund?
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
How do I apply for a grant from The Realty Foundation of New?
The foundation operates several key programs: **REBNY Fellows Leadership Program**: Helps the real estate sector cultivate diverse talent and build a leadership pipeline that brings new ideas, experiences, and relationships to fuel growth and innovation. **Internship Program**: Provides real estate industry internships through the REBNY & NYC Summer Youth Employment Program (SYEP), aimed at cultivating diverse talent and exposing participants to real estate-oriented careers. **Members in Need P…
Where does The Realty Foundation of New make 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.
What size grants does The Realty Foundation of New award?
In 2024, The Realty Foundation of New awarded 29 grants totaling $539K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is The Realty Foundation of New required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Realty Foundation of New reported a distributable amount of $116K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Realty Foundation of New's EIN?
The Realty Foundation of New's EIN (Employer Identification Number) is 13-3317104. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Realty Foundation of New'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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