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1898 FOUNDATION INC
PURCHASE, NY · EIN 823903009 · Form 990 · FY2024 · NTEE B82 · Education · Small ($100K-$1M)
revenue
$280K
expenses
$73K
net assets
$1.6M
employees
0
volunteers
17
program ratio
88%
mission · from form 990

THE FOUNDATION PROVIDES CHARITABLE AID IN THE FORM OF FINANCIAL ASSISTANCE, SCHOLARSHIPS AND GRANTS

profile · synthesized from sources

The 1898 Foundation Inc is a private foundation based in Purchase, NY, providing charitable aid through scholarships and grants. It supports individuals in need of educational assistance and funds nonprofit organizations engaged in community service, scholarship programs, and food security. The foundation operates nationally, with a focus on Westchester County, NY.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $31K
    SCHOLARSHIPS. THE FOUNDATION PROVIDES FOR EDUCATIONAL ASSISTANCE TO INDIVIDUALS IN NEED.
  2. #2 $22K
    THE FOUNDATION PROVIDES GRANTS TO CHAROTABLE ORGANIZATIONS.
named programs · 2 · from sources

What they call their work

Educational Scholarships
Provides financial assistance to individuals in need for educational purposes, including named recipients and partnerships with scholarship organizations.
Grants to Charitable Organizations
Supports nonprofit organizations through general and program-specific grants in areas such as community outreach, food security, and youth development.
activities · 2 groups

What they do

financials · form 990 · fy2024
revenue
Total revenue$280K
Contributions & grants$216K77%
Program service revenue$00%
Investment income$64K23%
Other revenue$0
expenses
Total expenses$73K
Program expenses88%
Admin / overhead12%
Fundraising0%
Salaries & benefits$0
Grants paid out$64K
Largest expense lineProfessional Fees
balance sheet
Total assets$1.64M
Cash$274K
Investments$1.37M
Liabilities$15K
Net assets$1.62M
Liquid reserves267.8 mo
4 years on record · 2020–2024 · YoY revenue -75.7%
leadership · form 990 part vii · fy2024

Who runs it

board members · 17
  • ALAN M KLEIN — CHAIRPERSON
  • ANN R TISCH — BOARD MEMBER
  • BETTY LOEB LEVIN — BOARD MEMBER
  • BURTON WARD — BOARD MEMBER
  • EDGAR WACHENHEIM III — BOARD MEMBER
  • GREGORY N WEISS — BOARD MEMBER
  • JEAN LOEB TROUBH — BOARD MEMBER
  • JEANNE E FOGEL — BOARD MEMBER
  • JILL P RAPPAPORT — BOARD MEMBER
  • JOHN TIENG — BOARD MEMBER
  • JULIA E GUGGENHEIMER — BOARD MEMBER
  • LUCY C DANZIGER — BOARD MEMBER
  • LUCY L KLINGENSTEIN — BOARD MEMBER
  • MATTHEW R SAVITT — BOARD MEMBER
  • MAURICE R POVICH — BOARD MEMBER
  • ROBERT J SOBEL — BOARD MEMBER
  • THOMAS W STRAUSS — BOARD MEMBER
relationships · 6

Who they work with

  • CADDIE SCHOLARSHIP FUND Partner — Recipient of general support grants
  • FEEDING WESTCHESTER Partner — Recipient of general support grants
  • HARRISON FOOD PANTRY Partner — Recipient of general support and community outreach grants
  • METRO CLUB FOUNDATION Partner — Recipient of general support grants
  • MGA FOUNDATION Partner — Recipient of general support grants
  • SCHOLARSHIP AMERICA INC Partner — Recipient of grants for scholarship purposes
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Financial Assistance and Grantmaking
    methodology: financial_assistance_grantmaking
    By providing financial assistance, scholarships, and grants, the organization enables access to critical resources and opportunities for underserved individuals, because direct funding reduces systemic barriers to education and essential services.