This HDFC appears focused on supporting local affordable housing and community development via capital transactions rather than program grants. Its single large grant was a capital payoff to RiseBoro Community Partnership, indicating an emphasis on preserving or refinancing community-controlled housing assets in Brooklyn. The foundation acts as a financial backer for neighborhood housing stability rather than a diversified grantmaker.
Highly concentrated: a single, large one-off capital grant (100% of reported giving) to one local community development partner, indicating targeted financing for a specific real-estate transaction rather than regular operating or program support.
$1.5M
$0
$0
$1.5M
Most grants fall between $1.5M and $1.5M, with a median of $1.5M.
25th Percentile
$1.5M
Median
$1.5M
75th Percentile
$1.5M
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Notable grantees: RiseBoro Community Partnership Inc
2023
Source: IRS Form 990-PF, fiscal year 2023.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| RISEBORO COMMUNITY PARTNERSHIP INC | BROOKLYN, NY | $1,489,029 | 2023 | PAY-OFF OF NOTES RECEIVABLE |