The Tower Foundation of Ny Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $70K in total assets. In 2024, it awarded 13 grants totaling $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$70K
+63.6% YoY
Annual Giving
$13K
-23.0% YoY
Grant Count
13
+225.0% YoY
Avg Grant Size
$996.615
-76.3% YoY
Under IRS private-foundation payout rules, The Tower Foundation of Ny Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About The Tower Foundation of Ny Inc
Based on IRS filings
The Tower Foundation of Ny Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $70K in total assets. In 2024, it awarded 13 grants totaling $13K.
Focus Areas
Ready to take the next step with The Tower Foundation of Ny Inc?
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 | $69,522 | $42,503 | $47,100 |
| Revenue | $40,000 | $14,000 | $24,000 |
| Expenses | $12,981 | $17,919 | $678 |
| Qualifying Distributions | $12,956 | $16,824 | $678 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,181 | $2,212 | $1,694 |
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
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Khal Adas Yereim Vien ($4,113), Various ($4,020), Yeshiva Ketana Satmar Bp ($2,075).
| Recipient | Purpose | Amount |
|---|---|---|
| Yeshiva Ketana Satmar Bp Brooklyn, NY | EDUCATIONAL INSTITUTION | $2,075 |
| Congregation Yetev Lev D Satmar BROOKLYN, NY | RELIGIOUS INSTITUTION | $100 |
| Various Various, NY | CHARITABLE | $4,020 |
| Cong Ezer Yeshiva Monsey, NY | EDJUCATION | $200 |
| Congregation Shearith Israel New York, NY | RELIGIOUS | $300 |
| Khal Adas Yereim Vien Brooklyn, NY | RELIGIOUS | $4,113 |
| Khal Toras Chaim Viznitz Monsey, NY | RELIGIOUS | $1,100 |
| Khal Yereim of Hudson Valley MONSEY, NY | RELIGIOUS | $200 |
| Congregation Meinei Hayeshia Inc SPRING VALLEY, NY | RELIGIOUS | $300 |
| Satmar Bikur Cholim Brooklyn, NY | CHARITABLE | $50 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REUVEN BRAUN | President | 4 | — |
| GOLDIE BRAUN | Treasurer | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Tower Foundation of Ny Inc?
The Tower Foundation of Ny Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. It holds $70K in total assets as of 2024.
How large is The Tower Foundation of Ny Inc?
As of 2024, The Tower Foundation of Ny Inc holds $70K in total assets with $40K in annual revenue. It awarded 13 grants totaling $13K in 2024.
Where does The Tower Foundation of Ny Inc operate?
The Tower Foundation of Ny Inc has awarded grants in New York.
What size grants does The Tower Foundation of Ny Inc award?
In 2024, The Tower Foundation of Ny Inc awarded 13 grants totaling $13K — an average of about $996.615 per grant, based on its IRS Form 990 filings.
How much is The Tower Foundation of Ny Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Tower Foundation of Ny Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Tower Foundation of Ny Inc's EIN?
The Tower Foundation of Ny Inc's EIN (Employer Identification Number) is 85-1240057. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Tower Foundation of Ny Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
The Ayco Charitable Foundation
COHOES, NY
Assets
$1.2B
Grants
4,719
Total Given
$287.7M
Jewish Communal Fund
NEW YORK, NY
Assets
$3.0B
Grants
4,673
Total Given
$953.3M
The Ford Foundation
NEW YORK, NY
Assets
$17.5B
Grants
4,007
Total Given
$844.7M
The Ojc Fund
BROOKLYN, NY
Assets
$46.1M
Grants
3,410
Total Given
$386.1M
The New York Community Trust
NEW YORK, NY
Assets
$3.5B
Grants
2,748
Total Given
$193.8M
The Goldman Sachs Charitable Gift Fund
NEW YORK, NY
Assets
$518.0M
Grants
2,485
Total Given
$212.1M
The Simons Foundation Inc
NEW YORK, NY
Assets
$4.5B
Grants
1,727
Total Given
$272.0M
American Express Foundation
NEW YORK, NY
Assets
$48.9M
Grants
1,495
Total Given
$23.2M
Equitable Foundation Inc
NEW YORK, NY
Assets
$112.4M
Grants
1,453
Total Given
$5.5M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Tower Foundation of Ny Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Tower Foundation of Ny Inc to a real strategy.