Funder DirectoryThe Rachel and Tom Cortese Foundation Inc
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Private foundation (trust)EIN 872779552Est. 2022-06

The Rachel and Tom Cortese Foundation Inc

Saratoga Springs, NY 12866

Total Assets

$2.3M

FY 2023

Annual Giving

$240K

FY 2023

Grants Made

1

FY 2023

Avg Grant

$240K

FY 2023

Grant Range

$240K–$240K

Typical

Deadlines

Applications

Programs & Activities

Program 1

The foundation is not involved in any direct charitable activities.its primary purpose is to support, by contribution, other charitable organizations exempt under

Program 2

Internal revenue code section 501(c) (3).

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2023 filing

Total Revenue

$115K

Total Expenses

$248K

Qualifying Distributions

$240K

Distributable Amount

$114K

Min. Investment Return

$116K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Top Recipients

1 grants

Morgan Stanley Global Impact Funding Trust Inc
$240K
1 grant

Grant Size Distribution

1 grants

<$10K
$10–50K
$50–250K
1
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

1 states

New York
$240K
100% of total

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The Rachel and Tom Cortese Foundation Inc — Grants, Financials & Contact | Grantivo