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Challenger Foundation is a private trust based in GARDEN CITY, NY. The foundation received its IRS ruling in 1998. The principal officer is Goldman Sachs Pfo. It holds total assets of $24.1M. Annual income is reported at $6.7M. Total assets have grown from $17.2M in 2010 to $23.1M in 2023. The foundation is governed by 3 officers and trustees. Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support by contributions, other organizations exempt under internal. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in New York and Massachusetts. According to available records, Challenger Foundation has made 38 grants totaling $12.9M, with a median grant of $55K. Annual giving has grown from $3.6M in 2020 to $6.6M in 2023. Individual grants have ranged from $5K to $3M, with an average award of $339K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in Massachusetts, New York, Pennsylvania, which account for 79% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$583K
Median Grant
$817K
Average Grant
$1.2M
Largest Grant
$2.2M
Based on 3 grants from the most recent 990-PF filing.
Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support by contributions, other organizations exempt under internal
Revenue code section 501 (c) (3).
Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support by contributions, other organizations exempt under internal. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in MA, NY, PA.
Challenger Foundation has distributed a total of $12.9M across 38 grants. The median grant size is $55K, with an average of $339K. Individual grants have ranged from $5K to $3M.
Challenger Foundation typically selects its grantees rather than accepting unsolicited proposals.
Challenger Foundation is headquartered in GARDEN CITY, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cathy E Minehan | TRUSTEE | $0 | $0 | N/A |
| Elizabeth A Corrigan | TRUSTEE | $0 | $0 | N/A |
| Karen B Tate | TRUSTEE | $0 | $0 | N/A |
Total Giving
$252K
Total Assets
$23.1M
Fair Market Value
$33.7M
Net Worth
$23.1M
Grants Paid
$165K
Contributions
N/A
Net Investment Income
$1.1M
Distribution Amount
$1.5M
Total: $12.6M
Total Grants
38
Total Giving
$12.9M
Average Grant
$339K
Median Grant
$55K
Unique Recipients
15
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Claremont Mckenna CollegeGeneral Charitable Purposes | Claremont, CA | $15K | 2023 |
| Massachusetts General HospitalGENERAL CHARITABLE PURPOSES | Boston, MA | $3M | 2023 |
| Fordham UniversityGENERAL CHARITABLE PURPOSES | Bronx, NY | $100K | 2023 |
| The Episcopal AcademyGENERAL CHARITABLE PURPOSES | Newtown Square, PA | $70K | 2023 |
| Bucks Dragon BoatGENERAL CHARITABLE PURPOSES | Langhorne, PA | $55K | 2023 |
| Bowman'S Hill Wildflower PreserveGENERAL CHARITABLE PURPOSES | New Hope, PA | $25K | 2023 |
| Comprehensive Youth DevelopmentGENERAL CHARITABLE PURPOSES | New York, NY | $25K | 2023 |
| Block Island Medical CenterGeneral Charitable Purposes | Block Island, RI | $10K | 2023 |
| Hello FutureGENERAL CHARITABLE PURPOSES | Newtown Square, PA | $5K | 2023 |
| Travis Manion FoundationGENERAL | Doylestown, PA | $100K | 2022 |
| Inner-City Scholarship Fundgeneral | New York, NY | $70K | 2022 |
| Horizons Greater Philadelphia Incgeneral | Wayne, PA | $35K | 2022 |
| Mass General Hospital (Stock)GENERAL CHARITABLE PURPOSES | Boston, MA | $1.1M | 2021 |
| Fordham University (Stock)GENERAL CHARITABLE PURPOSES | New York, NY | $600K | 2021 |
| See Attached ListGENERAL CHARITABLE PURPOSES | Albany, NY | $360K | 2021 |