named programs · 1 · from sources
What they call their work
Charitable Grantmaking Program
Core activity of the foundation; distributes funds to nonprofit organizations for general charitable purposes across health, education, arts, and social services
activities · 4 groups
What they do
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Charitable Grantmaking to Specific Causes 2 activities
- Funding education and youth development programsSupports initiatives that promote youth development and educational advancement, including Red Bank Catholic Foundation ($125,000), Madison Square Boys & Girls Club ($100,000), Save the Music Foundation ($61,000), Every Child a Reader ($25,000), and Transformational Sports ($25,000).
- Funding social services and homelessness supportProvides funding to organizations addressing homelessness and basic needs, including Pine Street Inn ($50,000).
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General Operating Support Grants 1 activity
- Funding arts, culture, and community revitalizationAwards grants to support cultural institutions and urban green space management, including Prospect Park Alliance ($125,000) and Game 7 Enterprises ($10,000).
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Environmental Conservation Grantmaking 1 activity
- Funding environmental and conservation effortsFinances organizations dedicated to environmental protection and conservation, such as the Ausable River Association ($10,000).
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Hospital and Medical Center Support 1 activity
- Funding health-related nonprofitsProvides financial support to organizations focused on healthcare and medical research, including White Plains Hospital Foundation ($300,000), Hepatitis B Foundation ($200,000), and Memorial Sloan Kettering ($100,000).
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financials · form 990PF · fy2025
revenue
Total revenue$2.97M
Contributions & grants——
Program service revenue——
Investment income$358K12%
Other revenue$2.61M
expenses
Total expenses$346K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$44K
Grants paid out$1.14M
balance sheet
Total assets$18.55M
Cash—
Investments—
Liabilities—
Net assets$18.55M
6 years on record · 2020–2025 · YoY revenue +2.2%
leadership · form 990 part vii · fy2025
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| DAVID KIM CO PINNACLE ASSOC | TRUSTEE | 1 | $22K |
| ERIC FREEDGOOD CO PINNACLE ASSOC | TRUSTEE | 1 | $22K |
relationships · 12
Who they work with
- AUSABLE RIVER ASSOCIATION Partner — Recipient of a $10,000 charitable donation in 2025.
- EVERY CHILD A READER Partner — Recipient of a $25,000 charitable donation in 2025.
- GAME 7 ENTERPRISES Partner — Recipient of a $10,000 charitable donation in 2025.
- HEPATITIS B FOUNDATION Partner — Recipient of a $200,000 charitable donation in 2025.
- MADISON SQUARE BOYS & GIRLS CLUB Partner — Recipient of a $100,000 charitable donation in 2025.
- MEMORIAL SLOAN KETTERING Partner — Recipient of a $100,000 charitable donation in 2025.
- PINE STREET INN Partner — Recipient of a $50,000 charitable donation in 2025.
- PROSPECT PARK ALLIANCE Partner — Recipient of a $125,000 charitable donation in 2025.
- RED BANK CATHOLIC FOUNDATION Partner — Recipient of a $125,000 charitable donation in 2025.
- SAVE THE MUSIC FOUNDATION Partner — Recipient of a $61,000 charitable donation in 2025.
- TRANSFORMATIONAL SPORTS Partner — Recipient of a $25,000 charitable donation in 2025.
- WHITE PLAINS HOSPITAL FOUNDATION Partner — Recipient of a $300,000 charitable donation in 2025.