The William H Pitt Foundation Inc
The William H Pitt Foundation Inc is a private grantmaking foundation based in West Palm Beach, Florida. Established in 1984 and granted tax-exempt status in March 1986, the foundation was founded by William H. Pitt, a real estate magnate from Greenwich, Connecticut and Palm Beach, Florida. The foundation was created in honor of his son to benefit deserving youth, primarily through education. William H. Pitt (1926-2000) established William Pitt Real Estate Co. in Stamford, Connecticut in 1949 and assisted major companies in relocating to Fairfield County during the 1970s.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$49.0M
+6.7% YoY
Annual Giving
$2.7M
+43.1% YoY
Grant Count
45
+32.4% YoY
Avg Grant Size
$61K
+8.1% YoY
Mission & Focus Areas
The foundation focuses on education and youth development for economically disadvantaged groups across various U.S. cities. Primary funding areas include:
- Children and youth services
- Adolescent and young adult development
- Elementary and secondary education
- Higher education
- Human services
- Youth development programs
- Historic preservation
- Arts and culture
Grantmaking
The William H Pitt Foundation operates as a traditional private foundation making direct grants to nonprofit organizations. Key grantmaking characteristics include:
Grant Range
$60,889
Average Grant
$60,889
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple U.S. states and cities, with particular focus on Connecticut, Florida, New York, and Pennsylvania. It supports projects in major cities including New York, Miami, and Philadelphia, as well as other U.S. locations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending September 2023:
- Total Assets: $49,024,744
- Total Revenue: $6,671,493
- Total Expenses: $3,928,071
- Total Liabilities: $218,000
- Number of Employees: 3
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $49,024,744 | $45,941,898 | $50,365,660 |
| Revenue | $6,671,493 | $4,946,072 | $3,734,521 |
| Expenses | $3,928,071 | $3,147,688 | $3,319,989 |
| Qualifying Distributions | $3,110,844 | $2,386,347 | — |
| Net Investment Income | $5,727,918 | $4,320,245 | $3,125,546 |
| Distributable Amount | $2,808,306 | $3,026,200 | $3,722,537 |
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 2023
Grant Size Distribution
175 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 Personnel:
- Pauline B. Pitt – President (30 hours per week, compensation: $319,082)
- Larry B. Alexander – Secretary (5 hours per week, compensation: $91,000)
- Kate Gubelmann – Director (2 hours per week, compensation: $14,000)
- Charles Mallory – Director (1 hour per week, compensation: $14,000)
- Dr. Samantha Boardman – Director (2 hours per week, compensation: $14,000)
- Jacquelin Breckenridge – Administrator (40 hours per week, compensation: $141,000)
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LARRY ALEXANDER | SECRETARY | 5 | $90,603 |
| KATE GUBELMANN | DIRECTOR | 2 | $14,064 |
| CHARLES MALLORY | DIRECTOR | 1 | $14,064 |
| PAULINE B PITT | PRESIDENT | 30 | $319,082 |
| DR SAMANTHA BOARDMAN | DIRECTOR | 2 | $14,064 |
Recent News & Activity
Recent developments and announcements
In February 2023, the William H Pitt Foundation donated $1 million to the Center for Creative Education, a gift that kicked off Phase 2 of the organization's capital campaign for a new campus.
William H. Pitt Foundation Donates $1 Million to Center for Creative Education\Related Funders
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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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