This foundation is narrowly focused on affordable housing and gives almost exclusively to Phipps Houses, a long‑standing non‑profit developer/operator of low‑income and supportive housing in New York. Its giving appears designed to underwrite capital or program support for housing preservation, development, and related resident services rather than a broad portfolio of grantees. The foundation functions as a dedicated funder for a single affiliated housing organization.
Highly concentrated: very large gifts (multi‑million) directed to a single repeat grantee (Phipps Houses), suggesting affiliate funding for capital and ongoing operations rather than diversified grantmaking.
$11.9M
$2.4M
-$453K
$11.9M
Most grants fall between $12.1M and $12.7M, with a median of $12.4M.
25th Percentile
$12.1M
Median
$12.4M
75th Percentile
$12.7M
About 100% of grants go to recipients in NY.
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Notable grantees: Phipps Houses
2024
Source: IRS Form 990-PF, fiscal year 2024.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| PHIPPS HOUSES | NEW YORK, NY | $11,881,568 | 2024 | GENERAL SUPPORT |
| PHIPPS HOUSES | NEW YORK, NY | $12,944,116 | 2023 | GENERAL SUPPORT |
PHIPPS HOUSES
$11,881,568GENERAL SUPPORT
PHIPPS HOUSES
$12,944,116GENERAL SUPPORT