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HOWARD MEMORIAL FUND

FAR ROCKAWAY, NY · EIN 136161770 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Small ($100K-$1M)
revenue
$211K
expenses
$48K
net assets
$1.2M
employees
profile · synthesized from sources

Howard Memorial Fund is a grantmaking organization based in New York that supports community revitalization and college scholarships. The fund awards grants to individuals and organizations, with a focus on educational advancement and local community development initiatives. Its activities align with philanthropy and grantmaking as classified by the IRS.

named programs · 2 · from sources

What they call their work

College Scholarship Program
Provides financial awards to support college-bound students through individual grants
Community Revitalization Support
Funds initiatives aimed at strengthening and renewing local communities
activities · 2 groups

What they do

  • Multi-Institution Scholarship Funding 1 activity
    • Funding college scholarships for individuals
      Provides funding for college scholarships awarded to individuals, including NYSSA CLARKE-GRILES and CHRYSTAL GAYLE.
  • Capital Infrastructure Funding 1 activity
    • Funding community revitalization efforts
      Funds the RDRC to support community revitalization initiatives.
financials · form 990PF · fy2024
revenue
Total revenue$211K
Contributions & grants
Program service revenue
Investment income$51K24%
Other revenue$156K
expenses
Total expenses$48K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$1K
Grants paid out$155K
balance sheet
Total assets$1.16M
Cash
Investments
Liabilities
Net assets$1.16M
3 years on record · 2022–2024 · YoY revenue +116.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
LAVERNE JEFFREY SECRETARY 1 $1K
board members · 2
  • LORRAINE ALEXANDER — BOARD MEMBER
  • WAYNE GREENE — BOARD MEMBER
relationships · 3

Who they work with

  • CHRYSTAL GAYLE Partner — Recipient of a $2,000 college scholarship grant from HOWARD MEMORIAL FUND in 2024.
  • NYSSA CLARKE-GRILES Partner — Recipient of a $3,000 college scholarship grant from HOWARD MEMORIAL FUND in 2024.
  • RDRC Partner — Recipient of a $107,500 grant from HOWARD MEMORIAL FUND in 2024 for community revitalization.
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.

  • Community Revitalization Grantmaking
    methodology: community_revitalization_grantmaking
    By funding local organizations engaged in community development, we drive neighborhood revitalization because grassroots efforts are more responsive to community-identified needs and lead to sustainable change.
  • Scholarship Grantmaking for Educational Access
    methodology: scholarship_grantmaking
    By providing financial support directly to individuals for college education, we increase educational access and long-term economic mobility because removing financial barriers enables underserved students to complete higher education.