NEW CANAAN, CT
The Tow Foundation Inc.
Quick Facts
- EIN
- 066484045
- Location
- NEW CANAAN, CT
- Category
- Philanthropy & Grantmaking
- Total Assets
- $311.4M
- Annual Income
- $117.5M
- IRS Ruling Year
- 2000
- Organization Type
- Corporation
- Principal Officer
- % Citizens Communications
- Tax Deductibility
- Contributions are deductible
About This Foundation
The Tow Foundation Inc. is a private corporation based in NEW CANAAN, CT. The foundation received its IRS ruling in 2000. The principal officer is % Citizens Communications. It holds total assets of $311.4M. Annual income is reported at $117.5M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$31.1M
2023-8%
Total Assets
$321.8M
2023-5%
Fair Market Value
$403.5M
2023
Net Worth
$321.7M
2023
Grants Paid
$23.9M
2023
Contributions
$0
2023
Net Investment Income
$10.7M
2023
Distribution Amount
$19.2M
2023
Total Giving by Year
$11.9M
11$19.1M
12$14.9M
13$14.9M
14$12.8M
15$22.7M
19$22.8M
20$21.2M
21$33.8M
22$31.1M
23Asset Growth
$108.3M
11$187.1M
12$196.3M
13$212.6M
14$212.3M
15$176.8M
19$170.2M
20$363.9M
21$338.4M
22$321.8M
23Investment Portfolio (2023)
Total: $254M
Corporate Stock: $98M
Corporate Bonds: $73.4M
Government Obligations: $82.5M
Other Investments: $33.8M
Cash: $1.5M
Corporate Stock (34%)
Corporate Bonds (25%)
Government Obligations (29%)
Other Investments (12%)
Cash (1%)
Expense Breakdown (2023)
Grants Paid$23.9M
Officer Compensation$611K
Pension & Benefits$274K
Occupancy$215K
Travel & Conferences$174K
Interest$147K
Legal Fees$60K
Depreciation$26K
Accounting Fees$14K
Printing & Publications$5K
Revenue Sources (2023)
- Interest
- $6M
- Capital Gains (Net)
- $3.9M
- Dividends
- $2.8M
- Other Income
- $1.6M
Financial Details (2023)
- Total Revenue
- $14.4M
- Total Expenses
- $31.1M
- Exempt Purpose Expenses
- $27.4M
- Required Distribution
- $19.2M
- Undistributed Income
- $0
- Total Liabilities
- $76K
- Excise Tax
- $149K
- Tax Due
- $22K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$16M
Average Grant
$321K
Median Grant
$200K
Grant Range
Min$100K
Max$1.6M
Median: $200K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $13.2M (38)
MA
MA: $200K (1)
CT
CT: $1.3M (6)
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
PA: $512K (1)
NJ
CA
CA: $150K (1)
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
DC: $700K (3)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
NY$13.2M (38)
CT$1.3M (6)
DC$700K (3)
PA$512K (1)
MA$200K (1)
CA$150K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Memorial Sloan-Kettering Cancer CenterTHE INITIATIVE IN RADIOTHERANOSTICS AT MSK | New York, NY | $1.6M | 2023 |
| New York Genome Center IncWOMEN'S GENETICS CENTER -THE CENTER OF EXCELLENCE IN WOMENS CLINICAL GENOMIC HEALTHCARE | New York, NY | $1.4M | 2023 |
| New York Society For The Relief Of Ruptured & Crippled Maintaining The HospREALIZING THE PROMISE OF PRECISION MEDICINE AND TISSUE REGENERATION IN AUTOIMMUNE AND MUSCULOSKELETAL DISEASES | New York, NY | $1.2M | 2023 |
| Lincoln Center For The Performing Arts IncWEST PROJECT CAPITAL CAMPAIGN | New York, NY | $1M | 2023 |
| Memorial Sloan-Kettering Cancer CenterTHE TOW FOUNDATION FELLOWSHIP PROGRAM IN MOLECULAR IMAGING AND NANOTECHNOLOGY | New York, NY | $710K | 2023 |
| Vanguard Charitable Endowment ProgramDONOR ADVISED FUND CONTRIBUTION | Southeastern, PA | $512K | 2023 |
| Bard CollegeTHE LEONARD AND CLAIRE TOW CHAIR IN DEMOCRACY AND EDUCATION | Annandaleonhudson, NY | $500K | 2023 |
| New York Shakespeare FestivalTHE PUBLIC THEATER'S CAPITAL CAMPAIGN | New York, NY | $500K | 2023 |
| Columbia University In The City Of New York Trustees OfESTABLISHMENT OF THE LEONARD TOW PROFESSORSHIP OF JOURNALISM | New York, NY | $500K | 2023 |
| Columbia University In The City Of New York Trustees OfALS CENTER CHALLENGE GRANT | New York, NY | $400K | 2023 |
| Regional Youth Adult Social Action Partnership IncAMPLIFYING RESIDENT VOICES | Bridgeport, CT | $334K | 2023 |
| Norwalk Hospital AssociationPULMONARY FELLOWSHIP PROGRAM AT NORWALK HOSPITAL | Norwalk, CT | $333K | 2023 |
| Research Foundation Of The City University Of New YorkTOW ADVOCACY FELLOWSHIP INITIATIVE | New York, NY | $330K | 2023 |
| Memorial Sloan-Kettering Cancer CenterTOW MSK DERMATOLOGY SKIN INFORMATICS PROGRAM | New York, NY | $300K | 2023 |
| Brooklyn College Foundation IncTANIA LEON CHAIR | Brooklyn, NY | $300K | 2023 |
| Brooklyn College Foundation IncTOW MENTORSHIP PROGRAM | Brooklyn, NY | $300K | 2023 |
| Vera Institute Of Justice IncUNRESTRICTED FUNDING | Brooklyn, NY | $250K | 2023 |
| University Of New HavenTOW YOUTH JUSTICE INSTITUTE | West Haven, CT | $250K | 2023 |
| Campaign For The Fair Sentencing Of YouthWELLNESS/COMMUNITY CARE PROGRAM EXPANSION | Washington, DC | $250K | 2023 |
| Fountain House IncFOUNTAIN HOUSE'S CATALYST FUND | New York, NY | $250K | 2023 |
| Campaign For The Fair Sentencing Of YouthUNRESTRICTED FUNDING | Washington, DC | $250K | 2023 |
| Barnard CollegeTHE TOW FOUNDATION STUDENT & FACULTY SUPPORT PROGRAMS AT BARNARD COLLEGE | New York, NY | $210K | 2023 |
| Wgbh Educational FoundationTOW FELLOWSHIPS FOR GRADUATES OF COLUMBIA AND CRAIG NEWMARK AT CUNY JOURNALISM SCHOOLS | Boston, MA | $200K | 2023 |
| The Futuro Media GroupVISIONARY LEADERSHIP FOR MARIA HINOJOSA | New York, NY | $200K | 2023 |
| Girltrek IncorporatedVISIONARY LEADERSHIP FOR T. MORGAN DIXON | Washington, DC | $200K | 2023 |
| Columbia University In The City Of New York Trustees OfPHYLLIS MAILMAN PROFESSORSHIP OF PUBLIC HEALTH | New York, NY | $200K | 2023 |
| The Futuro Media GroupUNRESTRICTED FUNDING | New York, NY | $200K | 2023 |
| Brooklyn College Foundation IncTOW FUND FOR EXCELLENCE | Brooklyn, NY | $200K | 2023 |
| Robin Hood FoundationROBIN HOOD FOUNDATION 2023 HUNGER PROGRAMS | New York, NY | $200K | 2023 |
| Columbia University In The City Of New York Trustees OfTOW COMPUTATIONAL FELLOWSHIP PROGRAM IN MISINFORMATION AND FACT-BASED JOURNALISM | New York, NY | $192K | 2023 |
| Center For Children'S Advocacy IncUNRESTRICTED FUNDING | Hartford, CT | $175K | 2023 |
| Medical Justice Alliance IncUNRESTRICTED FUNDING | New York, NY | $175K | 2023 |
| New York Shakespeare Festival2022 PUBLIC THEATRE/BROOKLYN COLLEGE MFA PROGRAM PARTNERSHIP | New York, NY | $165K | 2023 |
| William J Brennan Jr Center For Justice IncJUSTICE PROGRAM | New York, NY | $150K | 2023 |
| New York Focus NewsUNRESTRICTED FUNDING | Brooklyn, NY | $150K | 2023 |
| Columbia University In The City Of New York Trustees OfFUNDING FOR CONFERENCE IN HONOR OF LEE BOLLINGER | New York, NY | $150K | 2023 |
| The Omowale Project IncUNRESTRICTED FUNDING | Hastingsonhudson, NY | $150K | 2023 |
| Tides CenterUNRESTRICTED FUNDING | Venice, CA | $150K | 2023 |
| Indiespace Inc2023 VISIONARY LEADERSHIP | Astoria, NY | $150K | 2023 |
| New York Shakespeare Festival2022-2024 PUBLIC WORKS & MOBILE UNIT | New York, NY | $150K | 2023 |
| Bard CollegeUNRESTRICTED FUNDING | Annandaleonhudson, NY | $150K | 2023 |
| Pen American Center IncPEN AMERICAN PRISON AND JUSTICE WRITING PROGRAM | New York, NY | $150K | 2023 |
| The Good Nation Foundation IncAMERICA GOES TO PRISON | New York, NY | $150K | 2023 |
| Trace Media IncTHE TRACE EDITING FELLOWSHIP | Brooklyn, NY | $113K | 2023 |
| Columbia University In The City Of New York Trustees OfTOW FACULTY LEADERSHIP SCHOLARS RENEWAL | New York, NY | $110K | 2023 |
| Center For Community AlternativesUNRESTRICTED FUNDING | Syracuse, NY | $100K | 2023 |
| Center For Employment Opportunities IncNY RETURNING CITIZENS STIMULUS CAMPAIGN (NYRCS) | New York, NY | $100K | 2023 |
| Katal Center For Health Equity And Justice IncUNRESTRICTED FUNDING | Hartford, CT | $100K | 2023 |
| Domus Kids IncUNRESTRICTED FUNDING | Stamford, CT | $100K | 2023 |
| Ladies Of Hope Ministries IncVISIONARY LEADERSHIP FOR DR. TOPEKA K. SAM | New York, NY | $100K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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