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    3. Iris Foundation

    Iris Foundation

    ActiveArts, Culture & Humanities
    NEW YORK, NY2125013034EIN: 13-69776903 filings on record
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    About Iris Foundation

    The Iris Foundation concentrates essentially all of its giving on a single higher education institution, Bard College, providing very large gifts earmarked for ongoing institutional activities. The foundation appears focused on sustaining and strengthening one college rather than distributing funds across multiple organizations or sectors.

    Focus Areas

    Sustained institutional support for Bard College (liberal arts higher education)Unrestricted/ongoing operating support for a private collegeLong‑term endowment or core funding for a New York–based higher education institution

    Giving Approach

    Highly concentrated giving: very large, repeat grants directed to one primary grantee (Bard College), suggesting long‑term, core support rather than many small or diverse gifts.

    Funding Style

    unrestricted supportgeneral operating supportongoing/operational funding

    Notable grantees: Bard College

    Topics

    About Iris Foundation

    Iris Foundation’s recent giving is dominated by Bard College, with three grants of $9,944,088 in 2023, $11,671,317 in 2024, and $10,673,927 in 2025 for ongoing activities. That pattern shows a funder making very large, sustained commitments to one New York higher education institution rather than spreading support broadly. The foundation’s largest recent grants all sit in that same institutional stream, and its smaller gifts remain tied to cultural and educational organizations in New York and a few Florida recipients. Beyond Bard, the foundation has supported major arts and museum institutions in New York, including the Metropolitan Museum of Art and The Frick Collection, along with New York University - Isaw. It has also made grants to the Wolfsonian Florida International University in Miami Beach. The giving profile points to unrestricted or ongoing support for exempt-purpose activities, especially in higher education and arts-related institutions. With annual grants of $32,565,332 and assets of $89,905,904, the foundation operates at a scale where a single institutional relationship can account for most of its annual grantmaking.

    What Iris Foundation Funds

    Higher education is the clearest theme in Iris Foundation’s portfolio. Bard College received $10,673,927 in 2025 for ongoing activities, following similarly large grants in the prior two years. Arts and cultural institutions are another visible area. The Metropolitan Museum of Art received $105,000 in 2023 and $100,000 in 2024 as unrestricted gifts for the donee’s exempt purpose. The Frick Collection received $6,500 in 2023 and $3,000 in 2024, also as unrestricted support. The foundation has also backed academic and museum-linked organizations outside Bard. New York University - Isaw received $10,000 in 2024, while The Wolfsonian Florida International University received $7,500 in both 2023 and 2024. Those grants suggest interest in institutions tied to scholarship, collections, and exhibition work.

    How Iris Foundation Gives

    Iris Foundation gives in a highly uneven size pattern: p25 is $5,750, median grant size is $10,000, and p75 rises to $102,500, reflecting a mix of very large institutional awards and smaller discretionary gifts. The recent record also shows repetition over time, especially for Bard College and several arts institutions, which points to ongoing relationships rather than one-time support. Grants appear to be made through the foundation itself, with no indication of program-related investments or individual funding. The purposes attached to recent grants are overwhelmingly unrestricted or ongoing activities, rather than project-specific awards.

    Financial Snapshot

    Annual Giving

    $10.7M

    Total Assets

    $89.9M

    Total Revenue

    $14.7M

    Total Expenses

    $13.8M

    Typical Grant Size

    Most grants fall between $6K and $103K, with a median of $10K.

    25th Percentile

    $6K

    Median

    $10K

    75th Percentile

    $103K

    Geographic Reach

    Local2 states funded

    About 80% of grants go to recipients in NY.

    Funding intensity
    Low
    High
    Headquarters

    Deep Analysis

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    Where Iris Foundation Makes Grants

    The foundation’s giving is concentrated in New York recipients, which account for 80% of grants and make New York the top state by count. Annandale-on-Hudson appears repeatedly through Bard College, while New York City recipients include the Metropolitan Museum of Art, Ars Brevis Foundation, New York University - Isaw, The Frick Collection, Royal Oak Foundation Inc, and Aamc Foundation. Outside New York, the only recipient city in the recent list is Miami Beach, through The Wolfsonian Florida International University and Florida International Foundation Inc.

    Frequently Asked Questions About Iris Foundation

    What is the main focus of Iris Foundation’s giving?

    The clearest focus is Bard College. The foundation made three very large grants for ongoing activities: $9,944,088 in 2023, $11,671,317 in 2024, and $10,673,927 in 2025. Smaller grants to museums and academic organizations appear alongside that core institutional support.

    What is the typical grant size?

    The foundation’s grant-size distribution has a p25 of $5,750, a median of $10,000, and a p75 of $102,500. That spread reflects a portfolio with a few very large institutional grants and a longer tail of smaller unrestricted gifts.

    Where do most of the grants go?

    Most grants go to recipients in New York. New York is the top state by grant count, and 80% of grants are awarded to recipients in the HQ state. Recent New York recipients include Bard College in Annandale-on-Hudson and several organizations in New York City.

    Are the grants mostly unrestricted or tied to specific projects?

    The recent grants are largely unrestricted or for ongoing activities. Bard College’s awards were for ongoing activities, and several museum and academic grants were described as unrestricted gifts for the donee’s exempt purpose. That pattern suggests a preference for flexible institutional support.

    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    BARD COLLEGE EIN 14-17130334ANNANDALE ON HUDSON, NY$10,673,9272025ONGOING ACTIVITIES
    FLORIDA INTERNATIONAL FOUNDATION INC (WOLFSONIAN) EIN 86-2799015MIAMI BEACH, FL$10,0002025UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    ROYAL OAK FOUNDATION INC EIN 23-7349380NEW YORK, NY$5,0002025UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    THE METROPOLITAN MUSEUM OF ART EIN 13-1624086NEW YORK, NY$5,0002025UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    BARD COLLEGEANNANDALE ON HUDSON, NY$11,671,3172024ON GOING ACTIVITIESON GOING ACTIVITIES
    METROPOLITAN MUSEUM OF ARTNEW YORK, NY$100,0002024UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    ARS BREVIS FOUNDATIONNEW YORK, NY$15,0002024UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    NEW YORK UNIVERSITY - ISAWNEW YORK, NY$10,0002024UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    THE WOLFSONIAN FLORIDA INTERNATIONAL UNIVERSITYMIAMI BEACH, FL$7,5002024UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    THE FRICK COLLECTIONNEW YORK, NY$3,0002024UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    AAMC FOUNDATIONNEW YORK, NY$1,5002024UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    BARD COLLEGEANNANDALE ON HUDSON, NY$9,944,0882023ON GOING ACTIVITIESON GOING ACTIVITIES
    METROPOLITAN MUSEUM OF ARTNEW YORK, NY$105,0002023UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    THE WOLFSONIAN FLORIDA INTERNATIONAL UNIVERSITYMIAMI BEACH, FL$7,5002023UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE
    THE FRICK COLLECTIONNEW YORK, NY$6,5002023UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    BARD COLLEGE EIN 14-17130334

    $10,673,927
    ANNANDALE ON HUDSON, NY2025

    ONGOING ACTIVITIES

    FLORIDA INTERNATIONAL FOUNDATION INC (WOLFSONIAN) EIN 86-2799015

    $10,000
    MIAMI BEACH, FL2025

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    ROYAL OAK FOUNDATION INC EIN 23-7349380

    $5,000
    NEW YORK, NY2025

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    THE METROPOLITAN MUSEUM OF ART EIN 13-1624086

    $5,000
    NEW YORK, NY2025

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    BARD COLLEGE

    $11,671,317
    ANNANDALE ON HUDSON, NY2024

    ON GOING ACTIVITIESON GOING ACTIVITIES

    METROPOLITAN MUSEUM OF ART

    $100,000
    NEW YORK, NY
    2024

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    ARS BREVIS FOUNDATION

    $15,000
    NEW YORK, NY2024

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    NEW YORK UNIVERSITY - ISAW

    $10,000
    NEW YORK, NY2024

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    THE WOLFSONIAN FLORIDA INTERNATIONAL UNIVERSITY

    $7,500
    MIAMI BEACH, FL2024

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    THE FRICK COLLECTION

    $3,000
    NEW YORK, NY2024

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    AAMC FOUNDATION

    $1,500
    NEW YORK, NY2024

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    BARD COLLEGE

    $9,944,088
    ANNANDALE ON HUDSON, NY2023

    ON GOING ACTIVITIESON GOING ACTIVITIES

    METROPOLITAN MUSEUM OF ART

    $105,000
    NEW YORK, NY2023

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    THE WOLFSONIAN FLORIDA INTERNATIONAL UNIVERSITY

    $7,500
    MIAMI BEACH, FL2023

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE

    THE FRICK COLLECTION

    $6,500
    NEW YORK, NY2023

    UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE