The Somerset East Foundation Inc
The Somerset East Foundation Inc 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 $474K in total assets. In 2024, it awarded 3 grants totaling $21K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$474K
-0.0% YoY
Annual Giving
$21K
-1.4% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$7K
-1.4% YoY
Under IRS private-foundation payout rules, The Somerset East Foundation Inc reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About The Somerset East Foundation Inc
Based on IRS filings
The Somerset East Foundation Inc 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 $474K in total assets. In 2024, it awarded 3 grants totaling $21K. Net investment income was $21K.
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 | $473,783 | $473,941 | $472,599 |
| Revenue | $24,537 | $25,655 | $24,440 |
| Expenses | $24,695 | $24,313 | $27,399 |
| Qualifying Distributions | $20,850 | $21,150 | $24,445 |
| Net Investment Income | $21,476 | $22,795 | $21,800 |
| Distributable Amount | $23,545 | $21,093 | $23,145 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Child Aid ($19,000), The Museum of Modern Art ($1,350), Solomon R Guggenheim Foundation ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| The Museum of Modern Art New York, NY | Support for Public Good | $1,350 |
| Solomon R Guggenheim Foundation New York, NY | Support for Public Good | $500 |
| Child Aid Lake Oswego, OR | Support for Public Good | $19,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL H ROMNEY | President | 1 | — |
| PAULA STRADA | Vice Pres | 1 | — |
| MARITZA ROMNEY | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Somerset East Foundation Inc?
The Somerset East Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $474K in total assets as of 2024.
How large is The Somerset East Foundation Inc?
As of 2024, The Somerset East Foundation Inc holds $474K in total assets with $25K in annual revenue. It awarded 3 grants totaling $21K in 2024.
Where does The Somerset East Foundation Inc operate?
The Somerset East Foundation Inc has awarded grants in Massachusetts, New York, Oregon.
What size grants does The Somerset East Foundation Inc award?
In 2024, The Somerset East Foundation Inc awarded 3 grants totaling $21K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Somerset East Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Somerset East Foundation Inc reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Somerset East Foundation Inc's EIN?
The Somerset East Foundation Inc's EIN (Employer Identification Number) is 26-3528021. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Somerset East Foundation Inc'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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