This foundation is narrowly focused on financing affordable housing development, directing substantial capital to one developer to build and support affordable units and related resident services. Its giving is project-driven rather than broad philanthropic programming, aimed at delivering tangible housing construction outcomes in the foundation’s service area.
Highly concentrated capital grants: very few but very large awards, repeated to a single nonprofit developer for housing construction and related services.
$5M
$30.4M
$10.4M
$10.3M
Most grants fall between $2.3M and $2.8M, with a median of $2.5M.
25th Percentile
$2.3M
Median
$2.5M
75th Percentile
$2.8M
About 100% of grants go to recipients in NY.
KEVIN CRONIN
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Notable grantees: GRAND STREET NORTHWEST INC
2024
Source: IRS Form 990-PF, fiscal year 2024.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| GRAND STREET NORTHWEST INC | GARDEN CITY, NY | $3,020,017 | 2024 | SUPPORT DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES |
| GRAND STREET NORTHWEST INC | GARDEN CITY, NY | $2,000,000 | 2024 | SUPPORT DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES |
GRAND STREET NORTHWEST INC
$3,020,017SUPPORT DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES
GRAND STREET NORTHWEST INC
$2,000,000SUPPORT DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED SERVICES