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THE CARMEL HILL FUND

NEW YORK, NY · EIN 136881103 · Form 990PF · FY2024 · Very Large (>$50M)
revenue
$55.1M
expenses
$12.2M
net assets
$433.5M
employees
profile · synthesized from sources

The Carmel Hill Fund is a private foundation based in New York that makes grants to support education, youth development, mental health, and medical research. It funds both direct-service organizations and donor-advised intermediaries, with a focus on improving student literacy outcomes in New York City and supporting early-career scientific research in brain and behavior health. The organization does not appear to operate programs directly.

named programs · 4 · from sources

What they call their work

NYC Reads Initiative
Supports literacy and reading outcomes in New York City through funding for partner organizations including Read Alliance, Reading Partners, ParentChild, Literacy Inc, and Expanded.
Team Up
Program supported at Boston Medical Center, focused on integrated behavioral health services for children and families.
Young Investigators Program
Supports early-career scientists conducting research in brain and behavior health through awards administered by the Brain and Behavior Research Foundation.
Youth Mental Health and After-School Programs
Grants to organizations like Children's Aid Society and Madison Square Boys and Girls Club to support scholarships, mental healthcare, and after-school programming for youth.
activities · 4 groups

What they do

  • Mental Health Research and Services Funding 2 activities
    • Funding early-career mental health research
      Funds early-career researchers in mental health science through the Young Investigators Program and Ruane Prize research awards.
    • Funding the TEAM UP program at Boston Medical Center
      Funds the TEAM UP program at Boston Medical Center, which likely supports mental health or social services for youth (specific scope inferred from grantee context).
  • Donor-Advised Fund Grantmaking 1 activity
    • Funding donor-advised grants for charitable causes
      Funds donor-advised grants that support the exempt purposes and causes of recipient organizations, enabling flexible philanthropy across a range of charitable areas.
  • Literacy Program Funding 1 activity
    • Funding literacy initiatives in New York City
      Funds student literacy and reading outcomes through the NYC Reads initiative, including evaluation and family engagement activities, delivered via multiple grantees.
  • Summer Camp Access Scholarships 1 activity
    • Funding youth scholarships, mental healthcare, and after-school programs
      Funds scholarships, youth mental healthcare services, and after-school programming to support youth development and well-being.
financials · form 990PF · fy2024
revenue
Total revenue$55.14M
Contributions & grants$539K1%
Program service revenue
Investment income$6.65M12%
Other revenue$47.86M
expenses
Total expenses$12.24M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$782K
Grants paid out$10.12M
balance sheet
Total assets$433.55M
Cash
Investments
Liabilities
Net assets$433.55M
5 years on record · 2020–2024 · YoY revenue +435.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
ITAI DINOUR EXECUTIVE DIRECTOR 40 $517K
ARLENE FARRAND-BORGERSON FORMER EXECUTIVE DIRECTOR 0 $491K
KATE GARROWAY CHIEF OPERATING OFFICER 40 $265K
board members · 4
  • DANIEL LYNN MOSLEY — TRUSTEE
  • ELIZABETH A RUANE — TRUSTEE UNTIL 2/23/24
  • ROBERT D GOLDFARB — TRUSTEE
  • SOPHIE BARRETT — TRUSTEE AS OF 2/23/24
relationships · 12

Who they work with

  • BOSTON MEDICAL CENTER Partner — Grantee implementing the TEAM UP program
  • BRAIN AND BEHAVIOR RESEARCH FOUNDATION Partner — Grantee supporting young investigators and Ruane Prize research awards in mental health
  • CHILDREN'S AID SOCIETY Partner — Grantee providing scholarships, youth mental healthcare, and after-school programming
  • EXPANDED Partner — Grantee implementing literacy activities for the NYC Reads Initiative
  • FUND FOR PUBLIC SCHOOLS Partner — Grantee supporting student literacy, NYC Reads evaluation, and family engagement activities
  • LITERACY INC Partner — Grantee implementing literacy activities for the NYC Reads Initiative
  • MADISON SQUARE BOYS AND GIRLS CLUB Partner — Grantee receiving support for general operating expenses
  • PARENTCHILD Partner — Grantee implementing literacy activities for the NYC Reads Initiative
  • READ ALLIANCE Partner — Grantee implementing literacy activities for the NYC Reads Initiative
  • READING PARTNERS Partner — Grantee implementing literacy activities for the NYC Reads Initiative
  • RSF SOCIAL FINANCE Partner — Recipient of donor advised fund grant to support its exempt purposes
  • VERMONT COMMUNITY FOUNDATION Partner — Recipient of donor advised fund grant to support its exempt purposes
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.