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Sumitomo Corporation Of America Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2005. The principal officer is John Tsigakos. It holds total assets of $11.2M. Annual income is reported at $591K. The foundation is governed by 7 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 2017 to 2024. The foundation primarily funds organizations in New York and District of Columbia. According to available records, Sumitomo Corporation Of America Foundation has made 174 grants totaling $3.1M, with a median grant of $5K. Annual giving has decreased from $812K in 2020 to $208K in 2024. Grantmaking activity was highest in 2022 with $1.3M distributed across 93 grants. Individual grants have ranged from $1K to $600K, with an average award of $18K. The foundation has supported 43 unique organizations. The foundation primarily supports organizations in New York, District of Columbia, California, which account for 87% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$13K
Largest Grant
$200K
Based on 31 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.
Sumitomo Corporation Of America Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 174 grants. Its grantmaking reaches organizations primarily in NY, DC, CA.
Sumitomo Corporation Of America Foundation has distributed a total of $3.1M across 174 grants. The median grant size is $5K, with an average of $18K. Individual grants have ranged from $1K to $600K.
Sumitomo Corporation Of America Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sumitomo Corporation Of America Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hiroyuki Koike | President/Director | $0 | $0 | N/A |
| Yoshiyasu Fuse | Treasurer, thru 05/2022 | $0 | $0 | N/A |
| Yusuke Nagai | Treasurer, eff. 06/2022 | $0 | $0 | N/A |
| Lewis Farberman | Secretary | $0 | $0 | N/A |
| Masao Nishizawa | DIRECTOR | $0 | $0 | N/A |
| Timothy E Sander | DIRECTOR | $0 | $0 | N/A |
| Jewelle K Yamada | DIRECTOR, eff. 04/2022 | $0 | $0 | N/A |
Total Giving
$266K
Total Assets
$10.8M
Fair Market Value
$10.8M
Net Worth
$10.8M
Grants Paid
$208K
Contributions
N/A
Net Investment Income
$377K
Distribution Amount
$506K
Total: $10.7M
Total Grants
174
Total Giving
$3.1M
Average Grant
$18K
Median Grant
$5K
Unique Recipients
43
Most Common Grant
$5K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversityEDUCATIONAL SUPPORT | New York, NY | $200K | 2024 |
| The Metropolitan Museum Of ArtCORPORATE SPONSORSHIP | New York, NY | $8K | 2024 |
| Japan Day IncCULTURAL EDUCATION | New York, NY | $50K | 2023 |
| The Metropolitan OperaCORPORATE SPONSORSHIP | New York, NY | $15K | 2023 |
| Lincoln Center Corporate FundCORPORATE SPONSORSHIP | New York, NY | $15K | 2023 |
| The Museum Of Modern ArtCORPORATE SPONSORSHIP | New York, NY | $10K | 2023 |
| The Japanese Educational Institute Of New YorkEDUCATIONAL SUPPORT | New Rochelle, NY | $10K | 2023 |
| Us - Japan CouncilCULTURAL EDUCATION | Washington, DC | $10K | 2023 |
| Japanese American Association Of New York IncPROGRAM SUPPORT | New York, NY | $9K | 2023 |
| The Carnegie Hall CorporationCORPORATE SPONSORSHIP | New York, NY | $6K | 2023 |
| Kizuna Across CulturesCULTURAL EDUCATION | Washington, DC | $5K | 2023 |
| Japanese American Social Services IncCORPORATE SPONSORSHIP | New York, NY | $5K | 2023 |
| American Museum Of Natural HistoryCORPORATE SPONSORSHIP | New York, NY | $5K | 2023 |
| National Cherry Blossom FestivalANNUAL EVENT SUPPORT | Washington, DC | $5K | 2023 |
| Boston Higashi SchoolEDUCATIONAL SUPPORT | Randolph, MA | $5K | 2023 |
| Rosie'S Theater KidsPROGRAM SUPPORT | New York, NY | $5K | 2023 |
| Japan-America Student ConferenceCULTURAL EDUCATION | Washington, DC | $5K | 2023 |
| Ny De Volunteer IncPROGRAM SUPPORT | New York, NY | $5K | 2023 |
| New York Botanical GardenCORPORATE SPONSORSHIP | Bronx, NY | $5K | 2023 |
| Japanese American National MuseumPROGRAM SUPPORT | Los Angeles, CA | $5K | 2023 |
| National Association Of Japan America SocietiesCORPORATE SPONSORSHIP | Washington, DC | $5K | 2023 |
| Dreamyard Project IncPROGRAM SUPPORT | Bronx, NY | $5K | 2023 |
| Noh SocietyPROGRAM SUPPORT | New York, NY | $3K | 2023 |
| National Multiple Sclerosis SocietyPROGRAM SUPPORT | New York, NY | $1K | 2023 |
| Multicultural Sonic EvolutionPROGRAM SUPPORT | New York, NY | $1K | 2023 |