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Patterson Family Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 2013. It holds total assets of $48.8M. Annual income is reported at $26.6M. Total assets have grown from $2.8M in 2012 to $50.6M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Patterson Family Foundation has made 5 grants totaling $22.2M, with a median grant of $4.5M. Annual giving has decreased from $7.1M in 2020 to $4.5M in 2023. Grantmaking activity was highest in 2022 with $7.6M distributed across 1 grants. Individual grants have ranged from $1.5M to $7.6M, with an average award of $4.4M. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
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.
Patterson Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NY.
Patterson Family Foundation has distributed a total of $22.2M across 5 grants. The median grant size is $4.5M, with an average of $4.4M. Individual grants have ranged from $1.5M to $7.6M.
Patterson Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Patterson Family Foundation is headquartered in NEW YORK, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James B Patterson | MANAGER | $0 | $0 | N/A |
| Jack Patterson | TRUSTEE | $0 | $0 | N/A |
| Susan Solie Patterson | TRUSTEE | $0 | $0 | N/A |
Total Giving
$4.7M
Total Assets
$50.6M
Fair Market Value
$65.4M
Net Worth
$50.6M
Grants Paid
$4.5M
Contributions
$11.8M
Net Investment Income
$4.4M
Distribution Amount
$2.7M
Total: $45.7M
Total Grants
5
Total Giving
$22.2M
Average Grant
$4.4M
Median Grant
$4.5M
Unique Recipients
3
Most Common Grant
$1.5M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachedEDUCATIONAL & SCHOLARSHIP SUPPORT | New York, NY | $4.5M | 2023 |
| Various - CashEDUCATIONAL & SCHOLARSHIP SUPPORT | New York, NY | $5.7M | 2020 |
| Various - Non CashEDUCATIONAL & SCHOLARSHIP SUPPORT | New York, NY | $1.5M | 2020 |