Wachtell Lipton Rosen & Katz Foundation
The Wachtell Lipton Rosen & Katz Foundation is a private foundation based in New York, NY, established in 1981. It is a 501(c)(3) organization designated for religious, educational, charitable, scientific, and literary purposes. The foundation is company-sponsored, connected to the law firm Wachtell, Lipton, Rosen & Katz.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.6M
+8.4% YoY
Annual Giving
$6.8M
+10.6% YoY
Grant Count
97
-3.0% YoY
Avg Grant Size
$70K
+14.0% YoY
Under IRS private-foundation payout rules, Wachtell Lipton Rosen & Katz Foundation reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a diverse range of causes including:
- Education: Higher education, graduate and professional education, law education
- Health: Outpatient medical care, health care clinics, cancer research and treatment
- Legal Services: Legal aid and legal services
- Religion: Judaism
- Human Services: General human services support
- Public Safety and Disaster Management
Grantmaking
Grant Range
s**: Typical awards range from $500 to $1,300,000.
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Geographic Focus
Where this funder awards grants
The foundation supports initiatives across numerous U.S. cities and states, with particular concentration in:
- New York
- California
- New Jersey
- Illinois
- Massachusetts
- Maryland
- Michigan
- Ohio
- Pennsylvania
- Texas
- Washington, D.C.
- And additional states including Alabama, Arizona, Colorado, Florida, Indiana, Minnesota, Missouri, North Carolina, Tennessee, Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $34,579,527
- Total Revenue: $8,131,923
- Total Expenses: $6,873,083
- Net Income: $1,258,840
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,579,527 | $31,904,315 | $31,415,651 |
| Revenue | $8,131,923 | $5,336,755 | $7,526,178 |
| Expenses | $6,873,083 | $6,214,108 | $7,381,189 |
| Qualifying Distributions | $6,804,833 | $6,151,250 | $7,370,050 |
| Net Investment Income | $1,131,170 | $2,521,203 | $2,651,868 |
| Distributable Amount | $1,669,139 | $1,555,883 | $1,696,167 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Foundation for the Carolinas ($1,000,000), Legal Aid Society ($320,500), Harvard Law School ($270,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCESS Health International Inc RIDGEFIELD, CT | GENERAL PROGRAM SUPPORT | $2,000 |
| Adams Street Foundation BROOKLYN, NY | GENERAL PROGRAM SUPPORT | $7,500 |
| American Academy of Arts & Sciences CAMBRIDGE, MA | GENERAL PROGRAM SUPPORT | $10,000 |
| American Friends of Rambam Medical Center NEW YORK, NY | GENERAL PROGRAM SUPPORT | $36,000 |
| American Friends of the Hebrew University NEW YORK, NY | GENERAL PROGRAM SUPPORT | $50,000 |
| American Friends of the Israel Museum NEW YORK, NY | GENERAL PROGRAM SUPPORT | $25,000 |
| American Law Institute PHILADELPHIA, PA | GENERAL PROGRAM SUPPORT | $50,000 |
| Asian American Legal Defense and Education Fund (A New York, NY | GENERAL PROGRAM SUPPORT | $50,000 |
| Asphalt Green New York, NY | GENERAL PROGRAM SUPPORT | $50,000 |
| Bellevue Association NEW YORK, NY | GENERAL PROGRAM SUPPORT | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key leadership includes:
- Martin Lipton - President
- Herbert M. Wachtell - Vice President/Secretary
- Constance Monte - VP/Treasurer
All serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTIN LIPTON | PRESIDENT/Director | 1 | — |
| HERBERT M WACHTELL | Vice Pres/Secretary/Director | 1 | — |
| CONSTANCE MONTE | VP/TREASURER/Director | 1 | — |
| EDWARD D HERLIHY | Vice President/Director | 1 | — |
| DANIEL A NEFF | Vice President/Director | 1 | — |
| Jodi J Schwartz | Vice President/Director | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported notable initiatives including a $1.5 million grant to WPTI (Workforce Professionals Training Institute) to help New York City foster youth develop career pathways.
PRESS RELEASE: WPTI Awarded $1.5 Million to Help NYC Foster Youth Develop\Frequently Asked Questions
What does Wachtell Lipton Rosen & Katz Foundation fund?
The foundation supports a diverse range of causes including: • **Education**: Higher education, graduate and professional education, law education • **Health**: Outpatient medical care, health care clinics, cancer research and treatment • **Legal Services**: Legal aid and legal services • **Religion**: Judaism • **Human Services**: General human services support • **Public Safety and Disaster Management**
How do I apply for a grant from Wachtell Lipton Rosen & Katz Foundation?
**Grant Sizes**: Typical awards range from $500 to $1,300,000. **Annual Giving**: The foundation distributed $6,804,000 in grants in fiscal year 2024. **Grant Activity**: The foundation maintains an active grantmaking program, though specific application procedures are not detailed in available sources.
Where does Wachtell Lipton Rosen & Katz Foundation make grants?
The foundation supports initiatives across numerous U.S. cities and states, with particular concentration in: • New York • California • New Jersey • Illinois • Massachusetts • Maryland • Michigan • Ohio • Pennsylvania • Texas • Washington, D.C. • And additional states including Alabama, Arizona, Colorado, Florida, Indiana, Minnesota, Missouri, North Carolina, Tennessee, Virginia
What size grants does Wachtell Lipton Rosen & Katz Foundation award?
In 2024, Wachtell Lipton Rosen & Katz Foundation awarded 97 grants totaling $6.8M — an average of about $70K per grant, based on its IRS Form 990 filings.
How much is Wachtell Lipton Rosen & Katz Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wachtell Lipton Rosen & Katz Foundation reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wachtell Lipton Rosen & Katz Foundation's EIN?
Wachtell Lipton Rosen & Katz Foundation's EIN (Employer Identification Number) is 13-3099901. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wachtell Lipton Rosen & Katz Foundation'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.