named programs · 4 · from sources
What they call their work
Affordable Housing Pre-Development Fund
Supports RUPCO and Hudson River Housing with revolving funds to finance early-stage affordable housing projects.
Capital Improvements Grant Program
Supports infrastructure and facility upgrades at community and cultural institutions such as raceways, museums, and medical centers.
Education and Career Readiness Initiative
Funds project-based learning and S.T.E.A.M. programs for high school students, particularly through the Winners Circle Project.
General Operating Support Grants
Provides multi-year funding to nonprofits for day-to-day operations, including Planned Parenthood and High Mowing School.
activities · 5 groups
What they do
-
Capital Infrastructure Funding 4 activities
- Funding affordable housing pre-development through revolving fundsSupports revolving funds for affordable housing pre-development expenses via grants to organizations including RUPCO and Hudson River Housing.
- Funding community and family service facility improvementsSupports capital campaigns for community facilities such as the Family Partnership Center in Poughkeepsie through grants to Family Services.
- Funding healthcare infrastructure developmentProvides multi-year funding for the construction of a new patient pavilion at Vassar Brothers Medical Center Foundation to expand healthcare capacity.
- Funding regional food distribution infrastructureFinances the construction of the Hudson Valley Distribution Facility through a grant to the Regional Food Bank of Northeastern New York to enhance food access and logistics capacity.
-
-
Industry-Specific Student Scholarships and Competitions 1 activity
- Funding STEAM education and career readiness through auto racing themesSupports high school project-based learning and career readiness in STEAM fields by funding the Winners Circle Project, which uses auto racing as an educational lens.
-
-
Endowment and Gift Fund Management 1 activity
- Funding academic program endowments and leadership positionsFinances endowed directorships to support academic leadership, faculty recruitment, and program management, such as the Delaney Center Director Endowment at Washington and Lee University.
-
-
Historic Preservation Support Grants 1 activity
- Funding capital improvements at motorsports and automotive heritage sitesFunds capital improvements, renovations, and construction projects at motorsports-related facilities including Laguna Seca Raceway, Indianapolis Motor Speedway Foundation, and a museum for antique fire apparatus in Dutchess County.
-
-
General Operating Support Grants 1 activity
- Funding general operating costs of nonprofit organizationsProvides multi-year general operating support to national and local nonprofits including Planned Parenthood Federation of America and High Mowing School.
-
financials · form 990PF · fy2024
revenue
Total revenue$2.69M
Contributions & grants$2000%
Program service revenue——
Investment income$2.71M101%
Other revenue$-246K
expenses
Total expenses$4.60M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$252K
Grants paid out$16.02M
balance sheet
Total assets$246.91M
Cash—
Investments—
Liabilities—
Net assets$228.12M
4 years on record · 2020–2024 · YoY revenue -65.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ANDREA L REYNOLDS | PRESIDENT/CEO | 40 | $361K |
board members · 6
- CHRISTOPHER C DYSON — TREASURER & DIRECTOR
- JODE MILLMAN — DIRECTOR
- MOLLY DYSON-SCHWERY — VICE CHAIR & DIRECTOR
- RAYMOND A LAMONTAGNE — DIRECTOR
- ROBERT R DYSON — CHAIRMAN & DIRECTOR
- TIMMIAN C MASSIE — DIRECTOR
relationships · 12
Who they work with
- DUTCHESS COUNTY AGRICULTURAL SOCIETY Partner — Receives funding for a new museum building to showcase antique fire apparatus.
- FAMILY SERVICES Partner — Receives funding for a capital campaign to improve the Family Partnership Center in Poughkeepsie.
- FRIENDS OF LAGUNA SECA Partner — Receives funding for capital improvements at Laguna Seca Raceway and Recreation Area.
- HIGH MOWING SCHOOL Partner — Receives general operating support.
- HUDSON RIVER HOUSING Partner — Receives funding for a revolving fund supporting affordable housing pre-development expenses.
- INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION Partner — Receives funding for museum renovation, restoration shop creation, and endowment.
- PLANNED PARENTHOOD FEDERATION OF AMERICA Partner — Receives multi-year general operating support.
- REGIONAL FOOD BANK OF NORTHEASTERN NEW YORK Partner — Receives funding for the Hudson Valley Distribution Facility.
- RUPCO Partner — Receives funding for a revolving fund supporting affordable housing pre-development expenses.
- VASSAR BROTHERS MEDICAL CENTER FOUNDATION Partner — Receives multi-year support for construction of a new patient pavilion.
- WASHINGTON AND LEE UNIVERSITY Partner — Receives funding for the Delaney Center Director Endowment to support leadership and faculty initiatives.
- WINNERS CIRCLE PROJECT Partner — Receives funding for high school project-based learning and career readiness in STEAM through auto racing.