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Also known as: ATTN RAYMOND MERRITT
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Cygnet Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1998. The principal officer is Raymond C Merritt. It holds total assets of $345K. Annual income is reported at $112K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New York, Florida and Nevada. According to available records, Cygnet Foundation Inc. has made 17 grants totaling $63K, with a median grant of $2K. Annual giving has decreased from $43K in 2020 to $18K in 2023. Individual grants have ranged from $500 to $20K, with an average award of $4K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in New York, Florida, New Jersey, which account for 76% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$5K
Largest Grant
$20K
Based on 9 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.
Cygnet Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in NY, FL, NJ.
Cygnet Foundation Inc. has distributed a total of $63K across 17 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $500 to $20K.
Cygnet Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Cygnet Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kimberly Quinn | VICE PRESIDENT | $0 | $0 | N/A |
| Raymond William Merritt | PRESIDENT | $0 | $0 | N/A |
| Ralph Gibson | SECRETARY/TREASURER | $0 | $0 | N/A |
Total Giving
$21K
Total Assets
$330K
Fair Market Value
$406K
Net Worth
$300K
Grants Paid
$18K
Contributions
N/A
Net Investment Income
$3K
Distribution Amount
$18K
Total Grants
17
Total Giving
$63K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
16
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Delbarton SchoolTO HELP ORGANIZATION IN ITS EXEMPT FUNCTION | Morristown, NJ | $7K | 2023 |
| Loyola UniversityTO HELP ORG. IN ITS EXEMPT FUNCTION | Baltimore, MD | $5K | 2023 |
| Sag Harbors Helpers IncTO HELP ORGANIZATION IN ITS EXEMPT FUNCTION | Sag Harbor, NY | $2K | 2023 |
| The Benjamin SchoolTO HELP ORG. IN ITS EXEMPT FUNCTION | North Palm Beach, FL | $2K | 2023 |
| Susan G Komen Breast Cancer FoundationTO HELP ORGANIZAION IN ITS EXEMPT FUNCTION | Dallas, TX | $1K | 2023 |
| Batonga FoundationTO HELP ORG. IN ITS EXEMPT FUNCTION | Washington, DC | $500 | 2023 |
| Reti CenterTO HELP ORG. IN ITS EXEMPT FUNCTION | Brooklyn, NY | $500 | 2023 |
| Ace Programs For The HomelessPROGRAMS THAT ASSIST THE HOMELESS | New York, NY | $2K | 2021 |
| The New Heritage Theatre Group IncTO HELP ORG. IN ITS EXEMPT FUNCTION | New York, NY | $20K | 2020 |
| Edge And Center IncTO HELP ORGANIZATION IN ITS EXEMPT FUNCTION | Sag Harbor, NY | $10K | 2020 |
| Big Dog Ranch RescueTO PROVIDE SHELTER AND CARE TO HOMELESS AND UNWANTED DOGS | Wellington, FL | $6K | 2020 |
| AspcaTO PROTECT THE RIGHT OF ALL ANIMALS | New York, NY | $2K | 2020 |
| Lion Habitat Ranch IncTO HELP ORG. IN ITS EXPEMPT FUNCTION | Henderson, NV | $1K | 2020 |
| Fresh Air FundTO HELP ORG. IN ITS EXEMPT FUNCTION | New York, NY | $1K | 2020 |
| BideaweeTO HELP ORG. IN ITS EXEMPT FUNCTION | New York, NY | $1K | 2020 |
| Contributions Paid Less Than 1000 To Various OrgTO HELP ORG. IN ITS CHARITABLE PURPOSE | Bayside, NY | $500 | 2020 |