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THE GERALD J AND DOROTHY R FRIEDMAN NEW YORK FOUNDATION FOR MEDICAL RESEARCH

NEW YORK, NY · EIN 134034562 · Form 990PF · FY2024 · NTEE T22 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$6.1M
expenses
$893K
net assets
$41.3M
employees
profile · synthesized from sources

The Gerald J and Dorothy R Friedman New York Foundation for Medical Research is a private foundation based in New York that makes unrestricted grants to support medical research and charitable organizations. Its funding primarily benefits health and wellness programs, with a focus on diabetes research and transgender health, as well as arts and social services nonprofits. The foundation operates exclusively through grantmaking.

named programs · 3 · from sources

What they call their work

Arts and Social Services Grant Program
Funds nonprofit organizations in the arts and social services sectors, including The Actors Fund of America and Rosie’s Theater Kids.
Friedman Diabetes Institute Support Program
Provides unrestricted funding to advance medical research and patient care at the Friedman Diabetes Institute.
Friedman Transgender Health and Wellness Program
Supports comprehensive health and wellness services for transgender individuals at Lenox Hill Hospital.
activities · 3 groups

What they do

  • General Operating Support Grants 6 activities
    • Funding Howl Arts Inc
      Funds Howl Arts Inc through unrestricted grants to further its exempt purpose.
    • Funding Northwell Health Foundation
      Funds Northwell Health Foundation through unrestricted grants to further its exempt purpose.
    • Funding Rosie's Theater Kids Inc
      Funds Rosie's Theater Kids Inc through unrestricted grants to further its exempt purpose.
    • Funding Some Serious Business
      Funds Some Serious Business through unrestricted grants to further its exempt purpose.
    • Funding The Actors Fund of America
      Funds The Actors Fund of America through unrestricted grants to further its exempt purpose.
    • Funding the Gerald J & Dorothy R Friedman Foundation Inc
      Funds the Gerald J & Dorothy R Friedman Foundation Inc through unrestricted grants to further its exempt purpose.
  • Unrestricted Institutional Support for Medical Schools 1 activity
    • Funding the Friedman Diabetes Institute
      Funds the Friedman Diabetes Institute through unrestricted grants to further its exempt purpose.
  • LGBTQ+ Community Grantmaking 1 activity
    • Funding the Friedman Transgender Health and Wellness Program at Lenox Hill
      Funds the Friedman Transgender Health and Wellness Program at Lenox Hill through unrestricted grants to further its exempt purpose.
financials · form 990PF · fy2024
revenue
Total revenue$6.06M
Contributions & grants$53K1%
Program service revenue
Investment income$859K14%
Other revenue$5.14M
expenses
Total expenses$893K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$386K
Grants paid out$3.63M
balance sheet
Total assets$41.31M
Cash
Investments
Liabilities
Net assets$41.31M
6 years on record · 2019–2024 · YoY revenue +53.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
JANE FRIEDMAN PRESIDENT 60 $300K
GEORGE SERRANO SECRETARY & TREASURER 10 $45K
JUDITH KENNEDY VICE PRESIDENT 10 $45K
relationships · 8

Who they work with

  • FRIEDMAN DIABETES INSTITUTE Partner — Receives unrestricted grants to further its exempt purpose.
  • FRIEDMAN TRANSGENDER HEALTH AND WELLNESS PROGRAM AT LENOX HILL Partner — Receives unrestricted grants to further its exempt purpose.
  • GERALD J & DOROTHY R FRIEDMAN FOUNDATION INC Partner — Receives unrestricted grants to further its exempt purpose.
  • HOWL ARTS INC Partner — Receives unrestricted grants to further its exempt purpose.
  • NORTHWELL HEALTH FOUNDATION Partner — Receives unrestricted grants to further its exempt purpose.
  • ROSIE'S THEATER KIDS INC Partner — Receives unrestricted grants to further its exempt purpose.
  • SOME SERIOUS BUSINESS Partner — Receives unrestricted grants to further its exempt purpose.
  • THE ACTORS FUND OF AMERICA Partner — Receives unrestricted grants to further its exempt purpose.
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.

  • Unrestricted Grantmaking
    methodology: unrestricted_grantmaking
    By providing unrestricted grants, the foundation enables recipient organizations to allocate funds according to their own priorities and emergent needs, because this flexibility strengthens organizational capacity, responsiveness, and long-term impact.