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Providence Foundation Inc. is a private corporation based in BROOKLYN, NY. The foundation received its IRS ruling in 1997. The principal officer is % Michael Melnicke. It holds total assets of $14.6M. Annual income is reported at $3.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Providence Foundation Inc. has made 2 grants totaling $2.1M, with a median grant of $1M. Annual giving has grown from $715K in 2022 to $1.4M in 2023. Individual grants have ranged from $715K to $1.4M, with an average award of $1M. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Providence Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NY.
Providence Foundation Inc. has distributed a total of $2.1M across 2 grants. The median grant size is $1M, with an average of $1M. Individual grants have ranged from $715K to $1.4M.
Providence Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Providence Foundation Inc. is headquartered in BROOKLYN, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Melnicke | PRESDIR | $0 | $0 | $0 |
| Breindy Melnicke | DIRECTOR | $0 | $0 | $0 |
| Israel Melnicke | VICE PRESIDENT | $0 | $0 | $0 |
Total Giving
$1.5M
Total Assets
$13.8M
Fair Market Value
$13.2M
Net Worth
$8.1M
Grants Paid
$1.4M
Contributions
$1.7M
Net Investment Income
$63K
Distribution Amount
$868K
Total: $6.9M
Total Grants
2
Total Giving
$2.1M
Average Grant
$1M
Median Grant
$1M
Unique Recipients
1
Most Common Grant
$715K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Schedule AttachedSEE FOOTNOTE | Brooklyn, NY | $1.4M | 2023 |
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