//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Thea Petschek Iervolino Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2016. It holds total assets of $28.8M. Annual income is reported at $6M. Total assets have grown from $618K in 2019 to $26.5M in 2023. The foundation is governed by 2 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 2020 to 2023. Grantmaking is concentrated in New York. According to available records, Thea Petschek Iervolino Foundation has made 13 grants totaling $2.3M, with a median grant of $100K. Annual giving has decreased from $1.6M in 2022 to $650K in 2023. Individual grants have ranged from $50K to $400K, with an average award of $173K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$75K
Average Grant
$94K
Largest Grant
$200K
Based on 4 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.
Thea Petschek Iervolino Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in NY.
Thea Petschek Iervolino Foundation has distributed a total of $2.3M across 13 grants. The median grant size is $100K, with an average of $173K. Individual grants have ranged from $50K to $400K.
Thea Petschek Iervolino Foundation typically selects its grantees rather than accepting unsolicited proposals.
Thea Petschek Iervolino Foundation is headquartered in NEW YORK, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mary-Elizabeth Petschek | SECRETARY | $0 | $0 | N/A |
| Jay Petschek | PRESIDENT/TREASURER | $0 | $0 | N/A |
Total Giving
$738K
Total Assets
$26.5M
Fair Market Value
$26.5M
Net Worth
$26.5M
Grants Paid
$650K
Contributions
N/A
Net Investment Income
$651K
Distribution Amount
$1.2M
Total: $15.1M
Total Grants
13
Total Giving
$2.3M
Average Grant
$173K
Median Grant
$100K
Unique Recipients
5
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wnet New York Public MediaGENERAL SUPPORT | New York, NY | $400K | 2023 |
| Sing For HopeGENERAL SUPPORT | New York, NY | $200K | 2023 |
| New York Public RadioGENERAL SUPPORT | New York, NY | $50K | 2023 |
| Vassar CollegeGENERAL SUPPORT | Poughkeepsie, NY | $100K | 2022 |
| International HouseGENERAL SUPPORT | New York, NY | $50K | 2022 |