Park Avenue Charitable Fund

Organization Overview

Park Avenue Charitable Fund is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Avenue Charitable Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Park Avenue Charitable Fund generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Park Avenue Charitable Fund has awarded 392 individual grants totaling $12,547,491. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO DISTRIBUTE FUNDS TO OTHER EXEMPT PUBLICLY SUPPORTED CHARITABLE ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PARK AVENUE CHARITABLE FUND DISTRIBUTES FUNDS TO OTHER EXEMPT PUBLIC CHARITIES AS DETERMINED BY THE ORGANIZATION'S DIRECTORS TO MEET WITH ITS PHILANTHROPIC OBJECTIVES.


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Board, Officers & Key Employees

Name (title)Compensation
Gary S Castle
President
$0
Gregory Strakhov-Beg 7123
Treasurer And CFO
$0
Mela Garber
Secretary
$0
Scott Goldfond-Retired 63023
Treasurer And CFO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,110,984
Noncash contributions included in lines 1a–1f $304,033
Total Revenue from Contributions, Gifts, Grants & Similar$1,110,984
Total Program Service Revenue$0
Investment income $104,669
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,147
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,214,506

Grants Awarded

Over the last fiscal year, Park Avenue Charitable Fund has awarded $1,122,900 in support to 42 organizations.

Grant RecipientAmount

AMERICAN BRAIN FOUNDATION

PURPOSE: GENERAL SUPPORT

$50,000

AMERICAN COMMITTEE FOR WEIZMANN INSTITUTE

PURPOSE: GENERAL SUPPORT

$200,000

AMERICAN JEWISH COMMITTEE

PURPOSE: GENERAL SUPPORT

$65,250

ANDERSON RANCH ARTS CENTER

PURPOSE: GENERAL SUPPORT

$10,000

AMERICAN RED CROSS

PURPOSE: GENERAL SUPPORT

$10,000

ART 21 INC

PURPOSE: GENERAL SUPPORT

$50,000
View Grant Profile

Peer Organizations

Organization NameAssets
Fund For The Public Interest Inc
Boston, MA
$15,882,121
Person To Person Inc
Darien, CT
$13,220,629
Global Impact Investing Network Inc
New York, NY
$16,484,237
Queens College Special Projects Fund Inc
Flushing, NY
$6,638,360
Concrete Foundation Inc
Craftsbury Common, VT
$10,075,910
Fannie E Rippel Foundation
Morristown, NJ
$3,059,850
Npt Charitable Asset Tr
Jenkintown, PA
$6,992,677
Tapfound Inc
New York, NY
$5,664,173
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of
New York, NY
$5,830,175
Chief Executives For Corporate Purpose Inc
New York, NY
$4,983,700
Friends Of@raising The Village Incorporated
New York, NY
$12,147,851
Datakind
Brooklyn, NY
$3,530,181
The Philanthropy Workshop Inc
New York, NY
$3,416,908
Epstein Philanthropies
New York, NY
$2,384,168
The Grantmakers Of Western Pennsyl Vania
Pittsburgh, PA
$4,513,660
Montshire Museum Of Science
Norwich, VT
$3,462,728
Point O Woods Foundation Inc
Point Owoods, NY
$1,052,838
Hands In Service Incorporated
Sellersville, PA
$2,853,037
Rodman For Kids Inc
Foxborough, MA
$3,246,588
Cooperative Fund Of The Northeast Inc
Watertown, MA
$4,768,332
The Institute For Human Services Inc
Bath, NY
$2,442,146
New Life Thrift Inc
Glenside, PA
$2,798,421
Sherrill Family Foundation
New York, NY
$47,710
The T Colin Campbell Center For Nutrition Studies
Webster, NY
$1,748,642
Lopatin Family Foundation
New York, NY
$637,268

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