named programs · 3 · from sources
What they call their work
Capital Project Grants
Supports debt reduction and capital improvements for arts institutions
General Operating Support
Two-year unrestricted grants to nonprofit arts organizations for operational sustainability
Regranting Support
Funds intermediary organizations that redistribute grants to smaller arts groups
activities · 3 groups
What they do
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Art Museum Funding and Support 2 activities
- Funding capital projects for arts and cultural facilitiesProvides financial support for capital projects, including funding for the Casa Belong project, aimed at developing or improving physical infrastructure for arts organizations.
- Providing general operating support grants to arts organizationsOffers two-year general operating support grants to arts organizations, helping them maintain core operations and programming.
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Interest-Free Loan and Grant Support 1 activity
- Funding debt reduction for nonprofit organizationsFunds debt reduction initiatives for recipient organizations, enabling them to strengthen financial stability and operational capacity.
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Community Foundation & United Way Support 1 activity
- Funding regranting programs for arts and nonprofit organizationsSupports regranting programs that distribute funds to other organizations, amplifying impact by channeling resources through intermediaries to a broader network of grantees.
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financials · form 990PF · fy2024
revenue
Total revenue$35.63M
Contributions & grants——
Program service revenue——
Investment income$13.07M37%
Other revenue$17.17M
expenses
Total expenses$4.96M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$27.79M
balance sheet
Total assets$630.11M
Cash—
Investments—
Liabilities—
Net assets$624.05M
5 years on record · 2020–2024 · YoY revenue +37.9%
leadership · form 990 part vii · fy2024
Who runs it
board members · 4
- DANIEL L KURTZ — SECRETARY & TRUSTEE
- JOSEPH M SAMULSKI — VICE CHAIR & TRUSTEE
- MARVIN S ROSEN — TREASURER & TRUSTEE
- MARY C FARRELL — CHAIR & TRUSTEE
relationships · 11
Who they work with
- AFRO-LATIN JAZZ ALLIANCE OF NEW YORK INC (DBA BELONGO) Partner — Receives foundation grant for the Casa Belong capital project.
- ALLIANCE OF RESIDENT THEATRESNEW YORK INC Partner — Receives foundation grant for regranting activities.
- ATLANTIC THEATER COMPANY Partner — Receives two-year foundation grant for general operating support.
- BALLET HISPANICO OF NEW YORK INC Partner — Receives two-year foundation grant for general operating support.
- CHAMBER MUSIC AMERICA INC Partner — Receives foundation grant for regranting activities.
- DANCE SERVICE NEW YORK CITY INC (DBA DANCENYC) Partner — Receives foundation grant for regranting activities.
- DISCALCED INC (DBA MARK MORIS DANCE GROUP) Partner — Receives two-year foundation grant for general operating support.
- LA MAMA EXPERIMENTAL THEATRE CLUB INC Partner — Receives foundation grants for debt reduction and general operating support.
- NEW YORK CITY CENTER INC Partner — Receives two-year foundation grant for general operating support.
- NEW YORK SHAKESPEARE FESTIVAL (DBA THE PUBLIC THEATER) Partner — Receives two-year foundation grant for general operating support.
- ST ANN'S WAREHOUSE INC Partner — Receives two-year foundation grant for general operating support.
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.
- Intermediary Re-granting to Extend Sector Reach 207 orgsmethodology: regranting_intermediary_supportBy supporting intermediary organizations that regrant funds, the foundation extends its impact to smaller arts groups, because intermediaries have specialized knowledge and networks to identify and support grassroots organizations that might otherwise be overlooked.shared approach: Grantmaking Intermediary →
- Multi-Year Operating Support for Organizational Stabilitymethodology: multi-year_operating_supportBy providing multi-year general operating support, the foundation strengthens the organizational stability and long-term capacity of arts groups, because sustained funding reduces administrative burden and enables strategic planning and programmatic continuity.