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MICHAEL DIAMOND CHARITABLE FOUNDATION INC
LONG BEACH, NY · EIN 834301972 · Form 990 · FY2024 · NTEE S12 · Community Improvement · Small ($100K-$1M) · michaeldiamondfoundation.com
revenue
$177K
expenses
$139K
net assets
$143K
employees
0
volunteers
25
program ratio
11%
mission · from form 990

The Foundation organizes and runs a golf outing and dinner fundraiser each year to raise funds for charitable causes for the local community including providing scholarships and supporting suicide prevention causes and veterans causes.

profile · synthesized from sources

The Michael Diamond Charitable Foundation Inc. is a New York-based nonprofit that organizes an annual golf outing and dinner fundraiser to support local community causes. It provides scholarships for students, supports suicide prevention initiatives, aids veterans, and funds local programs such as food pantries and holiday meal drives. The foundation operates in Long Beach and focuses on causes meaningful to its namesake.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $8K
    Scholarship to student attending Sacred Heart Academy
named programs · 7 · from sources

What they call their work

Annual Golf Outing and Dinner Fundraiser
Primary fundraising event held each year to raise money for the foundation's charitable activities.
Chaminade Michael Diamond Scholarship
Provides $7,500 annual scholarship to a male student attending Chaminade High School.
Community Relief Initiatives
Provides hot meals to hospital staff and first responders during crises, holiday meals, toys, and donations to soup kitchens and food pantries.
Jenéa Diamond Scholarship
Provides $7,500 annual scholarship to a female student attending Sacred Heart Academy.
Long Beach Lightning Year-Long Tuition Scholarship
Covers hockey tuition for a local youth player in financial need on the Long Beach Lightning team.
Support for Suicide Prevention
Funds programs at the Long Island Crisis Center and other suicide prevention initiatives.
Veterans Causes Support
Provides donations to VFW Post 1384 and other veterans-focused organizations.
activities · 5 groups

What they do

  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding local food and holiday assistance programs
      Supports soup kitchens, food pantries, Thanksgiving meal donations, and holiday outreach programs such as Long Beach Christmas Angels and Toys for Tots through direct funding and donations.
  • Local High School Scholarship Programs 1 activity
    • Funding scholarships for local students
      Funds academic and athletic scholarships for local students, including two annual $7,500 academic scholarships and a year-long athletic tuition scholarship for participation with the Long Beach Lightning youth hockey team.
  • Veteran Support Grantmaking 1 activity
    • Funding suicide prevention and veterans' causes
      Provides financial support for suicide prevention initiatives and causes benefiting veterans, including through donations and fundraising efforts.
  • Charity Golf Tournament Fundraiser 1 activity
    • Organizing annual golf fundraiser
      Hosts an annual golf outing and dinner fundraiser, ongoing for at least seven years, to support charitable initiatives including scholarships and suicide prevention.
  • Food Distribution and Hunger Relief 1 activity
    • Providing meals to frontline workers during the pandemic
      Directly provided hot meals to hospital staff and first responders during the peak of the COVID-19 pandemic.
financials · form 990 · fy2024
revenue
Total revenue$177K
Contributions & grants$177K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$139K
Program expenses11%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$54K
Largest expense lineFacilities
balance sheet
Total assets$143K
Cash$143K
Investments$0
Liabilities$0
Net assets$143K
Liquid reserves12.3 mo
1 years on record · 2024–2024
leadership · form 990 part vii · fy2024

Who runs it

board members · 5
  • MICHAEL COSTELLOE — DIRECTOR
  • MICHAEL DIAMOND JR — VICE PRESIDENT
  • NOEL HENCK — TREASURER
  • THOMAS NILAND — PRESIDENT
  • WALTER FOWLER — SECRETARY
relationships · 8

Who they work with

  • Long Beach Christmas Angels Partner — Supported charitable endeavor providing holiday assistance.
  • Long Beach High School Partner — Partner institution for distributing Thanksgiving donations to families in need.
  • Long Beach Lightning Partner — Collaborates to provide a year-long tuition scholarship for athletic participation.
  • Long Beach Lightning Partner — Organization through which the Foundation funds hockey tuition for a local youth player in need.
  • Long Beach Soup Kitchen Partner — Recipient of significant donations from the Foundation.
  • Long Island Crisis Center Partner — Recipient of extensive support from the Foundation for suicide prevention efforts.
  • Toys for Tots Partner — Supported charitable program providing holiday toys.
  • VFW Post 1384 Partner — Recipient of significant support for veterans' causes.
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.

  • Founder-Aligned Grantmaking
    methodology: founder-aligned grantmaking
    By focusing funding on cause areas aligned with the founder's personal values and community priorities, the foundation increases relevance and impact, because initiatives are both personally meaningful and responsive to local needs.