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EQUITABLE FOUNDATION INC
NEW YORK, NY · EIN 131340512 · Form 990PF · FY2024 · Medium ($1M-$10M)
revenue
$9.0M
expenses
$1.3M
net assets
$111.4M
employees
—
profile · synthesized from sources

EQUITABLE FOUNDATION INC is a private foundation based in New York that makes grants to support educational opportunities and general charitable purposes. In 2024, it distributed over $3.3 million to organizations including Scholarship America, Thurgood Marshall College Fund, and Year Up. The foundation focuses on equity-driven initiatives, primarily funding scholarships and capacity-building programs for underserved populations.

named programs · 1 · from sources

What they call their work

Equitable Excellence Scholarship Awards
Annual scholarship program administered through Scholarship America to support high-achieving, low-income students
activities · 2 groups

What they do

  • Financial Aid and Scholarship Access Programs 1 activity
    • Funding Equitable Excellence Scholarship Awards
      Funds the Equitable Excellence 2024 Scholarship Awards program, a grant initiative supporting scholarship opportunities.
  • General Operating Support Grants 1 activity
    • Funding general contributions to nonprofits
      Provides general contribution grants to multiple nonprofit organizations, supporting their operational or programmatic objectives.
financials · form 990PF · fy2024
revenue
Total revenue$8.98M
Contributions & grants$1.00M11%
Program service revenue——
Investment income$6.20M69%
Other revenue$1.78M
expenses
Total expenses$1.26M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$5.54M
balance sheet
Total assets$112.41M
Cash—
Investments—
Liabilities—
Net assets$111.41M
4 years on record · 2020–2024 · YoY revenue -59.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 4
  • JARIAN KEREKES — CHAIRMAN & PRESIDENT & DIRECTOR
  • JEFFREY HURD — DIRECTOR
  • MARK PEARSON — DIRECTOR (THRU 04/2024)
  • STEVE JOENK — DIRECTOR (AS OF 04/2024)
relationships · 12

Who they work with

  • AMERICAN RED CROSS Partner — Received a general contribution grant in 2024.
  • BLUMENTHAL PERFORMING ARTS CENTER Partner — Received a general contribution grant in 2024.
  • CAROLINA YOUTH COALITION Partner — Received a general contribution grant in 2024.
  • CMS FOUNDATION Partner — Received a general contribution grant in 2024.
  • E4E RELIEF Partner — Received a general contribution grant in 2024.
  • NCAN Partner — Received a general contribution grant in 2024.
  • ON POINT FOR COLLEGE Partner — Received a general contribution grant in 2024.
  • SCHOLARSHIP AMERICA Partner — Recipient of a $1.75M grant for the Equitable Excellence 2024 Scholarship Awards.
  • THURGOOD MARSHALL COLLEGE FUND Partner — Received a general contribution grant in 2024.
  • UNITED WAY OF CENTRAL CAROLINAS INC Partner — Received a general contribution grant in 2024.
  • UNITED WAY OF CENTRAL NEW YORK INC Partner — Received a general contribution grant in 2024.
  • YEAR UP Partner — Received a general contribution grant in 2024.
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.

  • Education Equity Scholarships
    methodology: education_equity_scholarships
    By providing targeted scholarship awards, we increase access to education for underserved students because financial barriers are a primary constraint to equitable participation.