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NOVO FOUNDATION
HURLEY, NY · EIN 470824753 · Form 990PF · FY2024 · NTEE T99 · Philanthropy & Grantmaking · Very Large (>$50M)
revenue
$473.6M
expenses
$47.2M
net assets
$797.8M
employees
—
profile · synthesized from sources

Private foundation based in Hurley, NY, focused on grantmaking to support social, environmental, and community initiatives. The organization funds a diverse portfolio of grantees across the United States, with a focus on housing, public health, Indigenous communities, and gender equity. It directs significant contributions through donor-advised funds and intermediary philanthropic organizations.

named programs · 6 · from sources

What they call their work

Advancing Girls Fund
Supports initiatives focused on education, leadership, and well-being for girls and young women across the United States.
Housing Support
Provides capital for affordable housing development, including a $5 million grant to RUPCO Inc for housing projects in the Hudson Valley.
One Generation
Grant initiative aimed at intergenerational community development and sustainability, administered through Tides Center.
Pine Street Family Health Center Clinic Construction
Funds the construction of a community health clinic serving underserved families in New York State.
Spirit Aligned Leadership Program
Funds leadership development grounded in spiritual and cultural values, delivered through a donor-advised fund at Rockefeller Philanthropy Advisors.
V-Day
Supports global activism to end violence against women and girls, funded through Tides Foundation.
activities · 7 groups

What they do

  • Women's Rights and Empowerment Grants 3 activities
    • Funding gender-based violence prevention and advocacy
      Funds Tides Foundation’s V-Day initiative to support efforts in preventing gender-based violence and advancing advocacy.
    • Funding initiatives for girls' advancement
      Funds Tides Foundation’s Advancing Girls Fund to support programs focused on advancing girls.
    • Funding programs advancing women's development
      Funds Women Building Up Inc. to support programs that advance women's development.
  • Capital Infrastructure Funding 2 activities
    • Funding healthcare facility construction
      Funds the construction of the Pine Street Family Health Center clinic through The Institute for Family Health.
    • Funding housing services
      Funds RUPCO Inc. to support housing services.
  • General Operating Support Grants 1 activity
    • Funding Indigenous Peoples' general operations
      Funds the general operations of Seventh Generation Fund for Indigenous Peoples Inc.
  • Public Media Funding 1 activity
    • Funding community media programs
      Funds Community Foundations of the Hudson Valley to support Radio Kingston, a community media initiative.
  • Donor-Advised Fund Grantmaking 1 activity
    • Funding donor-advised charitable giving
      Funds donor-advised funds at Rockefeller Philanthropy Advisors to support a range of charitable giving, initiatives, and philanthropic activities.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding leadership development programs
      Funds the Spirit Aligned Leadership Program through Rockefeller Philanthropy Advisors to support leadership development.
  • Uncategorized 1 activity
    • Funding intergenerational initiatives
      Funds Tides Center’s One Generation program to support intergenerational initiatives.
financials · form 990PF · fy2024
revenue
Total revenue$473.63M
Contributions & grants$426.00M90%
Program service revenue——
Investment income$30.73M6%
Other revenue$17.62M
expenses
Total expenses$47.22M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1.78M
Grants paid out$214.14M
balance sheet
Total assets$937.82M
Cash—
Investments—
Liabilities—
Net assets$797.77M
5 years on record · 2020–2024 · YoY revenue +26.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 6
NameTitleHours/wkCompensation
KIMBERLY MCLAIN CHIEF FINANCIAL OFFICER 40 $584K
MATTHEW TYE MANAGING DIRECTOR, NIK, MILL, CROP SHO 40 $533K
BROOKE PICKERING-COLE EXECUTIVE DIRECTOR, HVFH (UNTIL 3/31/2 40 $362K
JULIANNE SCHRADER ORTEGA AS OF 412 MANAGING DIRECTOR, HVFH (AS OF 4/1/24) 40 $253K
PETER BUFFETT CO-PRESIDENT 40 $27K
JENNIFER BUFFETT CO-PRESIDENT 20 $25K
relationships · 8

Who they work with

  • COMMUNITY FOUNDATIONS OF THE HUDSON VALLEY Partner — Receives funding to support Radio Kingston.
  • ROCKEFELLER PHILANTHROPY ADVISORS Partner — Hosts donor advised funds and receives funding for leadership and philanthropy programs.
  • RUPCO INC Partner — Receives funding for housing support services.
  • SEVENTH GENERATION FUND FOR INDIGENOUS PEOPLES INC Partner — Receives general support funding.
  • THE INSTITUTE FOR FAMILY HEALTH Partner — Receives funding for clinic construction at Pine Street Family Health Center.
  • TIDES CENTER Partner — Receives funding for the One Generation program.
  • TIDES FOUNDATION Partner — Receives funding for the Advancing Girls Fund and V-Day initiative.
  • WOMEN BUILDING UP INC Partner — Receives funding to support women's development programs.