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Also known as: C/O RAICH ENDE MALTER & CO LLP
Powers Family Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 1992. The principal officer is % Goldman Sachs Pfo. It holds total assets of $13.9M. Annual income is reported at $2M. 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 available records, Powers Family Foundation has made 29 grants totaling $2.8M, with a median grant of $10K. Annual giving has grown from $566K in 2021 to $781K in 2023. Grantmaking activity was highest in 2022 with $1.4M distributed across 12 grants. Individual grants have ranged from $1K to $689K, with an average award of $96K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in New York, Florida, Connecticut, which account for 90% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
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 29 grants. Its grantmaking reaches organizations primarily in NY, FL, CT.
Powers Family Foundation has distributed a total of $2.8M across 29 grants. The median grant size is $10K, with an average of $96K. Individual grants have ranged from $1K to $689K.
Powers Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Powers Family Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John J Powers | TRUSTEE - AS NEEDED | $0 | $0 | $0 |
| Linda E Powers | TRUSTEE - AS NEEDED | $0 | $0 | $0 |
| Charles A Davis | TRUSTEE - AS NEEDED | $0 | $0 | $0 |
Total Giving
$901K
Total Assets
$12.7M
Fair Market Value
$14.2M
Net Worth
$12.7M
Grants Paid
$781K
Contributions
$0
Net Investment Income
$741K
Distribution Amount
$674K
Total: $7M
Total Grants
29
Total Giving
$2.8M
Average Grant
$96K
Median Grant
$10K
Unique Recipients
15
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St John'S Episcopal ChurchSEE STATEMENT #10 | Southampton, NY | $5K | 2022 |
| Goldman Sachs GivesSEE STATEMENT #9 | Cohoes, NY | $480K | 2023 |
| Columbia Business SchoolSEE STATEMENT #9 | New York, NY | $250K | 2023 |
| Norton Children'S Hospital FoundationSEE STATEMENT #9 | Louisville, KY | $15K | 2023 |
| Fibrolamellar Cancer FoundationSEE STATEMENT #9 | Greenwich, CT |
| $10K |
| 2023 |
| Church Of Sacred Hearts Of Jesus And MarySEE STATEMENT #9 | Southampton, NY | $10K | 2023 |
| Saint Christopher ChurchSEE STATEMENT #9 | Hobe Sound, FL | $5K | 2023 |
| Gods Love We DeliverSEE STATEMENT #9 | New York, NY | $5K | 2023 |
| Partnership To End AddictionSEE STATEMENT #9 | New York, NY | $3K | 2023 |
| The James C Ferrer Educational Fund IncSEE STATEMENT #9 | Southampton, NY | $1K | 2023 |
| James Lee Scholarship FundSEE STATEMENT #9 | Southampton, NY | $1K | 2023 |
| Southampton Fresh Air HomeSEE STATEMENT #9 | Southampton, NY | $1K | 2023 |
| St Jude Children'S Research HospitalSEE STATEMENT #10 | Memphis, TN | $5K | 2022 |
| The Episcopal ChurchSEE STATEMENT #10 | New York, NY | $10K | 2021 |
| Saint Francis Xavier SchoolSEE STATEMENT #10 | Bronx, NY | $5K | 2021 |
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