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GREENTREE FOUNDATION

MANHASSET, NY · EIN 133132117 · Form 990PF · FY2024 · Large ($10M-$50M)
revenue
$14.6M
expenses
$10.5M
net assets
$334.7M
employees
profile · synthesized from sources

Private foundation based in Manhasset, NY that provides grants to nonprofit organizations serving communities in Nassau and Suffolk Counties on Long Island. Supports local charities, fire departments, educational institutions, and environmental groups through direct giving and donor-advised funds. Focuses on community welfare and charitable capacity-building in the Town of North Hempstead and surrounding areas.

named programs · 2 · from sources

What they call their work

Community Grants Program
Provides general operating and project support to nonprofits serving Nassau and Suffolk Counties, with a focus on community welfare, education, and public safety.
Donor-Advised Fund Program
Supports charitable giving through partnerships with Fidelity Charitable Gift Fund to establish and manage donor-advised funds.
activities · 5 groups

What they do

  • Community Foundation & United Way Support 3 activities
    • Funding community charities in the Town of North Hempstead
      Funds the Manhasset Community Fund to support local charities and organizations benefiting communities in the Town of North Hempstead.
    • Funding community needs in Nassau and Suffolk Counties through intermediary foundations
      Provides grant funding to Long Island Community Foundation and The New York Community Trust Long Island Office to support charities addressing community needs in Nassau and Suffolk Counties.
    • Funding the President's Discretionary Fund at Long Island Community Foundation
      Supports the President's Discretionary Fund at Long Island Community Foundation through grant funding.
  • Environmental Conservation Grantmaking 1 activity
    • Funding charitable grantmaking activities at Seatuck Environmental Association
      Provides funding to Seatuck Environmental Association to support its charitable grantmaking activities.
  • Municipal and Community General Support 1 activity
    • Funding fire protection services at Manhasset-Lakeville Fire Department
      Awards grants to the Manhasset-Lakeville Fire Department to support fire protection services for the local community.
  • University-Specific Endowment and Program Funding 1 activity
    • Providing general support funding to Bank Street College of Education
      Provides general support funding to Bank Street College of Education through grantmaking.
  • Donor-Advised Fund Grantmaking 1 activity
    • Supporting donor-advised fund establishment at Fidelity Investments
      Provides funding to Fidelity Investments Charitable Gift Fund for the establishment of a donor-advised fund.
financials · form 990PF · fy2024
revenue
Total revenue$14.61M
Contributions & grants
Program service revenue
Investment income$5.84M40%
Other revenue$8.23M
expenses
Total expenses$10.48M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$443K
Grants paid out$480K
balance sheet
Total assets$334.77M
Cash
Investments
Liabilities
Net assets$334.75M
4 years on record · 2020–2024 · YoY revenue +59.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
NICHOLAS GABRIEL PRESIDENT & TREASURER 40 $505K
board members · 5
  • KATE R WHITNEY — VICE PRESIDENT & TRUSTEE
  • KOFI APPENTENG — TRUSTEE
  • LINCOLN CHEN — TRUSTEE
  • NANCY DOUZINAS — TRUSTEE
  • RAYMOND MCGUIRE — TRUSTEE
relationships · 7

Who they work with

  • BANK STREET COLLEGE OF EDUCATION Partner — Receives general support grant.
  • FIDELITY INVESTMENTS CHARITABLE GIFT FUND Partner — Receives funding to establish and support donor-advised charitable giving.
  • LONG ISLAND COMMUNITY FOUNDATION Partner — Receives multi-year grants to support community needs across Nassau and Suffolk Counties, including discretionary funding.
  • MANHASSET COMMUNITY FUND Partner — Receives multi-year grants to support local charities in the Town of North Hempstead.
  • MANHASSET-LAKEVILLE FIRE DEPARTMENT Partner — Receives grant funding to support local fire protection services.
  • SEATUCK ENVIRONMENTAL ASSOCIATION Partner — Receives funding to support its charitable grantmaking initiatives.
  • THE NEW YORK COMMUNITY TRUST LONG ISLAND OFFICE Partner — Receives funding to support charitable organizations in Nassau and Suffolk Counties.
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.

  • Sustained Geographic Grantmaking
    methodology: sustained_geographic_grantmaking
    By providing long-term funding to local grantmaking intermediaries, we strengthen community-led solutions and build local capacity, because sustained investment fosters trust, adaptability, and deeper impact in specific regions.