Private foundation (trust)EIN 470824753Est. 2021-02
NOVO FOUNDATION
HURLEY, NY 12443
Total Assets
$937.8M
FY 2024
Annual Giving
$214.1M
FY 2024
Grants Made
508
FY 2024
Avg Grant
$422K
FY 2024
Grant Range
$5K–$20M
Typical
Deadlines
—
Applications
Programs & Activities
Program 1
$15.9MHudson valley farm hub: costs associated with the operations of a farm that provides the local community services such as professional farmer training, the hosting and supporting of agricultural research, the demonstration of new farm technologies, and educational resources for advances in food and farming.
Program 2
$2.1MMilestone mill: expenses related to the development of a food mill designed to craft and distribute high quality wheat, rye, and corn products, as well as beans for community use, as a demonstration project to support an equitable, ecologically resilient local food system in the hudson valley.
Program 3
$1.4MCrop shop hudson valley: expenses related to the development of a vegetable food processor that will provide a sustainable, economical solution for farmers and community institutions who need to package and purchase food for the benefit of local communities, all in furtherance of developing equitable and ecologically resilient food systems to support the local hudson valley economy.
Program 4
$3.3MNovo in kingston: novo in kingston is a branch of the novo foundation, responsible for stewarding the foundation's local projects in kingston, n.y.
Focus Areas
Financial Snapshot
2024 filing
Total Revenue
$473.6M
Total Expenses
$237.5M
Qualifying Distributions
$252.5M
Distributable Amount
$29.2M
Min. Investment Return
$35.8M
Payout rate
Qualifying distributions as a share of distributable amount.
Grant Range
508 grants
Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.
Top Recipients
500 grants
Grant Size Distribution
500 grants
Geographic Focus
44 states
+34 more states
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