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THE CARROLL AND MILTON PETRIE FOUNDATION INC

NEW YORK, NY · EIN 201451752 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$8.1M
expenses
$1.4M
net assets
$110.8M
employees
profile · synthesized from sources

The Carroll and Milton Petrie Foundation Inc is a private foundation based in New York that supports educational initiatives and student emergency funding, primarily within the City University of New York system. It also funds programs focused on postsecondary advising, immigrant student support, and mentorship. The foundation operates exclusively through grantmaking to nonprofit partners.

named programs · 5 · from sources

What they call their work

Pathways to Potential
Supports Seton College's initiative to expand access and success for underserved college students
Petrie Student Emergency Grant Fund
Provides emergency grants to students at Brooklyn College and other CUNY institutions
Postsecondary Advising Model Expansion
Funds the expansion of advising services to improve college retention and graduation rates among underserved students
Student Emergency Fund
Supports CUNY and other college students with emergency financial assistance to prevent dropout due to unforeseen hardships
iMentor & CUNY: Mentorship Pilots
Funds mentorship programs connecting students with professionals to support college persistence and career readiness
activities · 6 groups

What they do

  • University-Specific Endowment and Program Funding 2 activities
    • Funding college pathway and student support initiatives at specific institutions
      Supports targeted student success programs such as Seton College’s Pathways to Potential initiative at the University of Mount Saint Vincent through dedicated grants.
    • Funding postsecondary advising and college success initiatives
      Supports the expansion of postsecondary advising models and funds mentorship pilot programs, including a collaboration between iMentor and CUNY, to improve college access and success.
  • Support for Israeli Educational Institutions 1 activity
    • Funding campus climate and Jewish student life initiatives
      Provides grants to Hillel International’s Campus Climate Initiative to support inclusive environments for Jewish students on college campuses.
  • Literacy Program Funding 1 activity
    • Funding equitable education initiatives for immigrant and multilingual learners
      Awards grants to support programs that advance equitable education opportunities for immigrant and multilingual learners.
  • Donor-Advised Fund Grantmaking 1 activity
    • Funding research and sponsored programs
      Funds research and sponsored programs at educational and nonprofit institutions through grantmaking.
  • Local High School Scholarship Programs 1 activity
    • Funding student emergency grant programs at multiple educational institutions
      Provides funding for student emergency grant programs across multiple colleges and universities, including Brooklyn College, City College of New York, Borough of Manhattan Community College, and Queens College.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding workforce and student support programs through nonprofit partners
      Finances student emergency grants and career development support through nonprofit organizations such as Streetwise Partners.
financials · form 990PF · fy2024
revenue
Total revenue$8.10M
Contributions & grants$1.32M16%
Program service revenue
Investment income$2.29M28%
Other revenue$4.49M
expenses
Total expenses$1.37M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$309K
Grants paid out$6.53M
balance sheet
Total assets$110.84M
Cash
Investments
Liabilities
Net assets$110.84M
3 years on record · 2020–2024 · YoY revenue -23.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
CASS CONRAD EXECUTIVE DIRECTOR 40 $345K
board members · 3
  • KARRIN WILKS — DIRECTOR
  • MEISHA PORTER — DIRECTOR
  • STEVE COLON — DIRECTOR
relationships · 12

Who they work with

  • Borough of Manhattan Community College Foundation Partner — Receives funding for student emergency grants.
  • Brooklyn College Foundation Inc Partner — Receives funding for the Petrie Student Emergency Grant Fund.
  • City College of New York Partner — Receives funding for student emergency grants.
  • City University of New York Research Foundation Partner — Receives funding for student emergency fund programs.
  • Internationals Network for Public Schools Inc Partner — Receives funding to support immigrant and multilingual learners equitably.
  • NEW VISIONS FOR PUBLIC SCHOOLS INC Partner — Receives funding for postsecondary advising model expansion.
  • Queens College Foundation Inc Partner — Receives funding for emergency grants at Queens College.
  • Research Foundation for CUNY Partner — Receives funding for research and sponsored program grants.
  • Streetwise Partners Partner — Receives funding for student emergency grants.
  • The Foundation for Jewish Campus Life Partner — Receives funding for Hillel International’s Campus Climate Initiative.
  • University of Mount Saint Vincent Partner — Receives funding for the Pathways to Potential initiative.
  • iMentor Incorporated Partner — Receives funding for mentorship pilot programs with CUNY.
strategies · 2

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.

  • Postsecondary Advising Expansion
    methodology: postsecondary_advising_expansion
    By expanding access to postsecondary advising, we improve educational outcomes because informed guidance increases students' ability to navigate pathways to and through higher education.
  • Structured Mentorship for College Success
    methodology: mentorship_pilots_for_college_success
    By implementing structured mentorship pilots, we support college persistence and success because sustained peer and advisor relationships increase student engagement and resilience in higher education settings.