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MICHAEL GROSS FAMILY FOUNDATION

NEW YORK CITY, NY · EIN 467067025 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Small ($100K-$1M)
revenue
$822K
expenses
$16K
net assets
$4.7M
employees
profile · synthesized from sources

Private family foundation based in New York that makes grants to a variety of charitable organizations. The foundation supports causes in education, youth development, health, and community services, primarily through contributions to universities, schools, medical institutions, and nonprofit programs. Grants are awarded nationally with a focus on institutions in New York and Michigan.

named programs · 4 · from sources

What they call their work

Community and Environmental Initiatives
Supports local organizations such as MeCoX Bay Conservancy and South Fork Bakery
Health and Medical Research
Funds institutions including Icahn School of Medicine and Mount Sinai Children's Hospital
Higher Education Support
Provides grants to universities including University of Michigan and Northwestern University for general contributions
Youth and Student Athlete Development
Supports youth-focused organizations such as Youth Renewal Fund and Steer for Student Athletes
activities · 5 groups

What they do

  • General Operating Support Grants 2 activities
    • Funding medical and health-related institutions
      Provides grants to medical and children’s health organizations, including $50,000 to Icahn School of Medicine and $45,000 to Mount Sinai Children's Hospital.
    • Funding youth development and educational programs
      Supports youth-focused organizations through grants, including $118,000 to Youth Renewal Fund, $80,000 to Trinity School, and $15,000 to Steer for Student Athletes.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding community and recreational organizations
      Supports community-based and recreational programs, including two grants totaling $150,000 to NY Road Runners and a $100,000 grant to First Descents.
  • Environmental Conservation Grantmaking 1 activity
    • Funding environmental conservation efforts
      Provides financial support to environmental organizations, including a $25,000 grant to Mecox Bay Conservancy Inc.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding higher education institutions
      Provides financial support to universities, including a $750,000 grant to the University of Michigan and a $225,000 grant to Northwestern University.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Funding small-scale local enterprises and initiatives
      Supports small local organizations, including a $2,500 grant to South Fork Bakery.
financials · form 990PF · fy2024
revenue
Total revenue$822K
Contributions & grants$191K23%
Program service revenue
Investment income$439K53%
Other revenue$192K
expenses
Total expenses$16K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out$1.36M
balance sheet
Total assets$4.68M
Cash
Investments
Liabilities
Net assets$4.68M
4 years on record · 2021–2024 · YoY revenue +91.1%
relationships · 11

Who they work with

  • FIRST DESCENTS Partner — Receives grant funding from the foundation.
  • ICAHN SCHOOL OF MEDICINE Partner — Receives grant funding from the foundation.
  • MECOX BAY CONSERVANCY INC Partner — Receives grant funding from the foundation.
  • MOUNT SINAI CHILDRENS HOSPITAL Partner — Receives grant funding from the foundation.
  • NORTHWESTERN UNIVERSITY Partner — Receives grant funding from the foundation.
  • NY ROAD RUNNERS Partner — Receives grant funding from the foundation in multiple years.
  • SOUTH FORK BAKERY Partner — Receives grant funding from the foundation.
  • STEER FOR STUDENT ATHLETES Partner — Receives grant funding from the foundation.
  • TRINITY SCHOOL Partner — Receives grant funding from the foundation.
  • UNIVERSITY OF MICHIGAN Partner — Receives grant funding from the foundation.
  • YOUTH RENEWAL FUND Partner — Receives grant funding from the foundation.