Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Aldrich Foundation is a private corporation based in SHORT HILLS, NJ. The foundation received its IRS ruling in 2022. The principal officer is Caroline Blake. It holds total assets of $28.1M. Annual income is reported at $7.7M. The foundation is governed by 3 officers and trustees. Tax records are available from 2021 to 2023. The foundation primarily funds organizations in Pennsylvania, New York and Maine. According to available records, Aldrich Foundation has made 21 grants totaling $5.5M, with a median grant of $11K. Annual giving has decreased from $4.5M in 2022 to $1M in 2023. Individual grants have ranged from $259 to $1M, with an average award of $263K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Pennsylvania, New York, Maine, which account for 90% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
The Aldrich Foundation is a tightly controlled, relationship-first private grantmaker that explicitly operates on a preselected-only basis. Founded in 2021 by William and Christine Greene with a single $30 million founding gift, the foundation channels resources through a small constellation of vetted organizations aligned with the Greenes' personal experiences: William is a service-disabled Navy and Gulf War veteran who spent 25 years in VA healthcare IT modernization, while Christine is a retired high school English teacher with a passion for at-risk K-12 students.
With no published RFP cycle, no online application portal, and roughly 13 distinct grantees documented across its first several years, this foundation operates more like a curated family giving program than a traditional grant program. Access depends on relationships, not paperwork. Caroline Blake serves as full-time President, compensated at $209,615 annually — she is the primary operational gateway for any new institutional relationship. William Greene holds the board chair and treasurer roles without compensation, indicating the Greenes remain deeply invested in all strategic decisions.
Organizations most likely to succeed share three traits: (1) a documented track record in medical research (particularly ALS, pediatric cancer/CAR-T, or adjacent fields), veterans and first responder services, or K-12 educational equity; (2) geographic presence in Pennsylvania, New York, or Maine — the foundation's confirmed footprint; and (3) the standing of a credentialed institution. Every major grant has gone to a university medical center, a nationally recognized veterans charity, or an established charter school.
The typical relationship arc at Aldrich is multi-year and deepening. Children's Hospital of Philadelphia received three successive CAR-T grants totaling $2.5 million; Thomas Jefferson University received grants across three tracked transactions totaling $890,000+ in ALS research. These patterns indicate the foundation rewards demonstrated outcomes with expanded commitments over time.
For first-time applicants, the most productive path is a warm introduction through an existing grantee. If unavailable, a brief phone call to (201) 874-1257 — positioned as a listening call, not a pitch — is far preferable to a cold letter. Come prepared to discuss specific, measurable outcomes. This is a founder-driven foundation where personal conviction and verifiable impact carry more weight than polished proposals.
The Aldrich Foundation's grantmaking follows a sharp barbell structure: a handful of large, multi-year institutional investments at one end and a spread of smaller symbolic grants at the other, with very little activity in the middle range.
Across 21 documented grant events totaling $5,528,449 through FY 2023, the average payout was $263,259 — but this figure masks extreme concentration. The top two recipients alone — Children's Hospital of Philadelphia ($2.5M across 3 grants for CAR-T research) and the Stephen Siller Tunnel to Towers Foundation ($2M across 2 grants honoring veterans and first responders) — account for 81% of all documented giving through that period. Thomas Jefferson University added another $890,000 across three ALS research grants.
Three giving tiers are visible:
Annual giving has varied considerably: $44,500 in the startup year (FY 2021), $2,260,275 in FY 2022, $1,007,899 in FY 2023, approximately $4.7M in FY 2024 (including the $3.6M Liguori capital grant), and approximately $1.1M in FY 2025. The portfolio generates roughly $750,000–$800,000 in annual investment income (primarily dividends), which effectively sets the sustainable distribution floor absent extraordinary capital deployments.
Geographically, Pennsylvania dominates at 62% of all grant events (13 of 21), with New York and Maine each at 14% (3 grants apiece), and Maryland and South Carolina receiving one grant each. The $28.3M asset base has held near $28M since 2022, suggesting the current giving pace is indefinitely sustainable.
All five peer foundations identified operate in the same $28M asset band but differ dramatically from Aldrich in public visibility, operational infrastructure, and programmatic transparency.
| Foundation | State | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|---|
| Aldrich Foundation | NJ | $28.3M | $1.0M–$4.7M | Medical Research, Veterans, Education | Preselected Only |
| Harvey R Houck Jr. Foundation | TX | $28.0M | Not disclosed | Philanthropy & Grantmaking | No website |
| 2-4-3 Foundation | DE | $28.0M | Not disclosed | Philanthropy & Grantmaking | No website |
| Denny Sanford Foundation | SD | $28.1M | Not disclosed | Philanthropy & Grantmaking | No website |
| Third Federal Foundation | OH | $28.0M | Not disclosed | Philanthropy & Grantmaking | No website |
Aldrich is the only foundation among its asset-class peers with a public-facing website (aldrichfoundation.org), paid professional staff (Caroline Blake, President at $209,615), active social media presence, and detailed Form 990 disclosures linking grants to named recipient organizations. The four peer foundations have no identifiable web presence, making programmatic comparison impossible.
What distinguishes Aldrich within this peer group is the founder-occupier model: the Greenes retain active board roles (William as Chair and Treasurer; Christine as Board Member) while a professional president manages day-to-day operations. This structure — uncommon among foundations under $30M — gives Aldrich both the personal conviction of founder philanthropy and the operational responsiveness of a staffed program. For grant seekers, this means greater accessibility than comparable private foundations, even though the preselected-only policy limits formal entry points.
The most significant recent development is Liguori Academy's $3.6 million capital grant in FY 2024 to fund the purchase of its Philadelphia school building — the single largest grant in the foundation's history. This one-time capital investment represents a qualitative shift from the foundation's prior programmatic giving model and signals the Greenes' willingness to deploy assets for long-term infrastructure when the relationship and cause warrant it.
FY 2025 (Form 990-PF filed March 18, 2026) shows approximately $1.1M in charitable disbursements across roughly 19 grants. The University of Pittsburgh was added as a new grantee ($50,000 for the Hail to Heroes program), extending the veteran services portfolio into western Pennsylvania for the first time. Recurring grantees Friends of Firefighters ($25,000 for FDNY mental health counseling) and Wreaths Across America ($17,000 for veteran commemoration) continued to receive support.
In early 2026, the foundation's LinkedIn presence amplified Black History Month messaging emphasizing bridging gaps and creating opportunity — language that extends beyond the three stated pillars. No public leadership changes have been announced. Caroline Blake continues as President, and assets remain near $28M sustained by approximately $752,000 in annual dividend income. No RFP, new program announcement, or change to the preselected-only policy has been publicly released.
The most important strategic insight about the Aldrich Foundation is that no formal application process exists for new organizations. The foundation operates on a preselected-only basis with no published portal, deadline cycle, or letter of inquiry template. Attempting to bypass this by submitting an unsolicited proposal is likely counterproductive and signals that an applicant has not done basic due diligence.
The productive path is relationship-first. Begin by mapping your professional network against the foundation's current grantees: Children's Hospital of Philadelphia, Thomas Jefferson University, Tunnel to Towers Foundation, Liguori Academy, Friends of Firefighters, Joint Task Force K9s, and Wreaths Across America. A credible introduction from a senior leader at one of these organizations carries more weight than any proposal document.
If no warm introduction is available, the most appropriate first contact is a brief call to (201) 874-1257 addressed to Caroline Blake. Frame the call as an inquiry about the foundation's current priorities, not a pitch. Keep it under ten minutes and do not send materials before being invited to do so.
When building your case for consideration, align tightly with the Greenes' personal narratives. For medical research proposals, emphasize institutional affiliation (university hospitals or credentialed research centers), a specific disease focus matching the foundation's existing interests (ALS, pediatric cancer/CAR-T), and peer-reviewed outcomes methodology. For veteran-serving proposals, speak to concrete outcomes for service members and first responders specifically — the Greenes' own language of 'sacrifice and appreciation' and 'bridging the gap between sacrifice and recognition' is the appropriate register, not broad military community language. For educational equity proposals, focus on K-12 programming, at-risk student demographics, and measurable academic outcomes that would resonate with a career high school educator.
Avoid presenting your organization as a startup or pilot program. Every major grantee is an established institution with multi-year operating history, professional management, and audited financials. The foundation's smaller unrestricted grants to organizations like Cure4cam and Wreaths Across America suggest it also makes values-aligned symbolic gifts, but these are in the $500–$18,000 range and do not reflect a strategic investment pathway.
No annual funding cycle has been publicly identified. Grant decisions appear to be made year-round at the discretion of the board and president.
Create a free Granted account to download this report — includes application checklist, full financial data, and all grantees.
Already have an account? Sign in to download.
Smallest Grant
$1K
Median Grant
$250K
Average Grant
$452K
Largest Grant
$1M
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The Aldrich Foundation's grantmaking follows a sharp barbell structure: a handful of large, multi-year institutional investments at one end and a spread of smaller symbolic grants at the other, with very little activity in the middle range. Across 21 documented grant events totaling $5,528,449 through FY 2023, the average payout was $263,259 — but this figure masks extreme concentration. The top two recipients alone — Children's Hospital of Philadelphia ($2.5M across 3 grants for CAR-T research).
Aldrich Foundation has distributed a total of $5.5M across 21 grants. The median grant size is $11K, with an average of $263K. Individual grants have ranged from $259 to $1M.
The Aldrich Foundation is a tightly controlled, relationship-first private grantmaker that explicitly operates on a preselected-only basis. Founded in 2021 by William and Christine Greene with a single $30 million founding gift, the foundation channels resources through a small constellation of vetted organizations aligned with the Greenes' personal experiences: William is a service-disabled Navy and Gulf War veteran who spent 25 years in VA healthcare IT modernization, while Christine is a reti.
Aldrich Foundation is headquartered in SHORT HILLS, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Caroline Blake | PRESIDENT | $210K | $15K | $225K |
| William A Greene Iii | BOARD CHAIR, SECRETARY AND TREASURER | $0 | $0 | N/A |
| Christine O Greene | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$1.4M
Total Assets
$28.3M
Fair Market Value
$28.3M
Net Worth
$28.3M
Grants Paid
$1M
Contributions
$3K
Net Investment Income
$772K
Distribution Amount
$1.3M
Total: $17.2M
Total Grants
21
Total Giving
$5.5M
Average Grant
$263K
Median Grant
$11K
Unique Recipients
13
Most Common Grant
$1M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S Hospital Of PhiladelphiaCAR-T RESEARCH | Philadelphia, PA | $500K | 2023 |
| Thomas Jefferson University TjuALS RESEARCH | Philadelphia, PA | $390K | 2023 |
| Liguori AcademyLIBRARY RENOVATION | Philadelphia, PA | $50K | 2023 |
| Friends Of FirefightersMENTAL HEALTH COUNSELING AND WELLNESS SERVICES FOR ACTIVE AND RETIRED FDNY FIREFIGHTERS AND THEIR FAMILIES | Brooklyn, NY | $25K | 2023 |
| Wreaths Across AmericaREMEMBER AND HONOR US VETERANS AND TEACH NEXT GENERATION THE VALUE OF FREEDOM | Columbia Falls, ME | $11K | 2023 |
| Cure4camCHILDHOOD CANCER RESEARCH - COMMUNITY AWARENESS | Lyndell, PA | $9K | 2023 |
| Family Strong FoundationALS RESEARCH | Aston, PA | $8K | 2023 |
| For Pete'S Sake Cancer RespitePROVIDE RESPITE SERVICES TO CANCER PATIENTS AND THEIR FAMILIES | Plymouth Meeting, PA | $8K | 2023 |
| Warrior Canine ConnectionSERVICE DOGS FOR VETERANS | Boyds, MD | $8K | 2023 |
| Iop Flags For HeroesSUPPORT CHARLESTON COUNTY VETERANS ORGAINZATIONS - | Isle Of Palms, SC | $500 | 2023 |
| Stephen Siller Tunnel To Towers FoundationHONOR SACRAFICE OF US VETERANS AND FIRST RESPONDERS - UNRESTRICTED | Staten Island, NY | $1M | 2022 |
| Thomas Jefferson UniversityALS RESEARCH | Philadelphia, PA | $250K | 2022 |
| Cure4cam IncCHILDHOOD CANCER - RAISE COMMUNITY AWERENESS - UNRESTRICTED | Lyndell, PA | $9K | 2022 |