NonprofitsFashion Institute Of Techology Foundation

Fashion Institute Of Techology Foundation

NEW YORK, NY

Total revenue

$7.2M

Total expenses

$7.4M

Net assets

$72.7M

Grants received

$6.1M

87 grants

EIN

135675757

Tax year

2023

Mission

The foundation provides scholarships, fundraising activities, program support (see sch. O)the foundation provides scholarships, fundraising activities, program support and subsidies to the fashion institute of technology and its component units.

Programs

1 program

Fundraising:the fit foundation provides fund-raising activities, programs support, and subsidies to the fashion institute of technology and its component units.

Expenses: $3.1MGrants: $2.2M

Financials

FY 2023

Revenue

Contributions & grants$4.9M
Program service revenue
Investment income$2.6M
Other revenue
Total revenue$7.2M

Expenses

Grants paid$4.6M
Salaries & benefits$1.2M
Fundraising$174K
Other expenses$1.6M
Total expenses$7.4M
Total assets$75.2M
Net assets$72.7M

People

39 listed

NameRoleCompensation

DR JOYCE F BROWN

CHIEF EXECUTIVE OFFICER

Board

$45K

10 hrs/wk

SHERRY BRABHAM

CHIEF FINANCIAL OFFICER

Board

$10K

5 hrs/wk

ADAM BANFIELD

DIRECTOR (START 09/23)

Board

1 hrs/wk

DAVID CASEY

DIRECTOR

Board

1 hrs/wk

TOM CHU

DIRECTOR

Board

1 hrs/wk

LISA CLYDE

DIRECTOR

Board

1 hrs/wk

SARAH DAVIS

DIRECTOR (START 09/23)

Board

1 hrs/wk

FREDRIC DECHNIK

DIRECTOR

Board

1 hrs/wk

TRISH DONNELLY

DIRECTOR (START 12/23)

Board

1 hrs/wk

ABBEY DONEGER

DIRECTOR

Board

1 hrs/wk

MUGE ERDIRIK DOGAN

DIRECTOR (END 11/23)

Board

1 hrs/wk

SAM HADDAD

DIRECTOR

Board

1 hrs/wk

JANE HERTZMARK HUDIS

DIRECTOR

Board

1 hrs/wk

ERIC FISCH

DIRECTOR

Board

1 hrs/wk

ROBERT FISCH

DIRECTOR

Board

1 hrs/wk

LESLIE GIFFORD

DIRECTOR (END 08/23)

Board

1 hrs/wk

MORRIS GOLDFARB

DIRECTOR

Board

1 hrs/wk

MALONI GOSS

DIRECTOR

Board

1 hrs/wk

DOUGLAS HAND

CHAIR

Board

1 hrs/wk

MADELINE GARDNER

DIRECTOR (START 09/23)

Board

1 hrs/wk

GIGI GANATRA DUFF

DIRECTOR

Board

1 hrs/wk

DAYNA ISOM JOHNSON

DIRECTOR

Board

1 hrs/wk

ALLISON LEE

DIRECTOR (END 12/23)

Board

1 hrs/wk

LAURENCE C LEEDS JR

DIRECTOR

Board

1 hrs/wk

KAMIE LIGHTBURN

DIRECTOR (START 12/23)

Board

1 hrs/wk

FERN MALLIS

DIRECTOR

Board

1 hrs/wk

ALEX MONTEFALCO

DIRECTOR

Board

1 hrs/wk

COREY MORAN

DIRECTOR

Board

1 hrs/wk

BRUCE P ROCKOWITZ

DIRECTOR (END 12/23)

Board

1 hrs/wk

ROBERT RIZZOLO

DIRECTOR (START 09/23)

Board

1 hrs/wk

JAMIE SINGLETON

DIRECTOR (END 08/23)

Board

1 hrs/wk

J MICHAEL STANLEY

DIRECTOR

Board

1 hrs/wk

MOLLY TAYLOR

DIRECTOR

Board

1 hrs/wk

AMBER VALLETTA

DIRECTOR

Board

1 hrs/wk

PHILIPS MCCARTY

EXECUTIVE DIRECTOR

Board

35 hrs/wk

GEOFFREY GREENBERG

DIRECTOR

Board

1 hrs/wk

SARAH CURTIS HENRY

VICE CHAIR

Board

1 hrs/wk

IVAN BART

DIRECTOR (END 10/23)

Board

1 hrs/wk

DULCE KONTAK

ASSISTANT TO VP

Staff

$102K

35 hrs/wk

Independent contractors

ARAMARK CORP

FOOD SERVICES

$210K

DUFOUR & CO

EVENT MANAGEMENT

$191K

Grants received

Showing 87 of 87

FromAmountPurposeYear
$200K
Contribution provided
2024
$40K
GENERAL PURPOSE
2024
$12K
SAIG SCHOLARSHIPS
2024
$6K
FOR A SCHOLARSHIP AWARD.
2024
$5K
NYS TAX CREDIT PROGRAM DONATIONS: VARIOUS
2024
$200K
Contribution provided
2023
$61K
For grant recipient's exempt purposes
2023
$55K
SCHOLARSHIPS & FINANCIAL AID
2023
$40K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$31K
SAIG SCHOLARSHIPS
2023
$25K
QUALITY EDUCATION
2023
$15K
SCHOLARSHIP FUNDING
2023
$10K
GENERAL PURPOSE
2023
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$5K
PUBLIC, SOCIETAL BENEFIT
2023
$2K
Contribution provided
2023
$800
Emergency MicroGrant Fund for Students
2023
$200K
Contribution provided
2022
$100K
UNRESTRICTED GENERAL SUPPORT
2022
$90K
QUALITY EDUCATION
2022
$90K
QUALITY EDUCATION
2022
$79K
For grant recipient's exempt purposes
2022
$50K
Francine A. LeFrak Foundation Emergency Microgrant fund
2022
$50K
GENERAL SUPPORT
2022
$45K
PUBLIC, SOCIETAL BENEFIT
2022
$41K
SAIG SCHOLARSHIPS
2022
$40K
SCHOLARSHIPS & FINANCIAL AID
2022
$10K
TO SUPPORT THE ORGANIZATION'S MISSION.
2022
$10K
THIS DONATION TO THE FASHION INSTITUTE OF TECHNOLOGY FOUNDATION BENEFITS THE CHRIS MADDEN SCHOLARSHIP FUND. THIS DONATION CELEBRATES THE LIFE AND CAREER OF DESIGNER CHRIS MADDEN, A VALUED JCPENNEY BRAND PARTNER.
2022
$7K
SCHOLARSHIP FUNDING
2022
$400
Contribution provided
2022
$1.2M
For grant recipient's exempt purposes
2021
$1.2M
For grant recipient's exempt purposes
2021
$45K
GENERAL SUPPORT
2021
$37K
CONSERVATION FELLOWSHIP
2021
$30K
SCHOLARSHIPS & FINANCIAL AID
2021
$20K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2021
$10K
GENERAL PURPOSE
2021
$202K
SAIG SCHOLARSHIPS
2020
$51K
SUPPORT TOY DESIGN PROGRAM
2020
$50K
GENERAL SUPPORT
2020
$50K
GENERAL SUPPORT
2020
$38K
For grant recipient's exempt purposes
2020
$15K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2020
$15K
SCHOLARSHIPS & FINANCIAL AID
2020
$15K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2020
$13K
SUNY TOGETHER STUDENT EMERGENCY
2020
$11K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$10K
CHARITABLE GIFT
2020
$10K
Ira Guilden Memorial Endowed Scholarship Fund
2020
$8K
UNRESTRICTED GENERAL SUPPORT
2020
$2K
GENERAL SUPPORT
2020
$50K
SUNY TOGETHER STUDENT EMERGENCY
2019
$22K
Charitable Donation
2019
$16K
General support
2019
$10K
Ira Guilden Memorial Endowed Scholarship fund
2019
$10K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2019
$6K
For grant recipient's exempt purposes
2019
$20K
General Support
2018
$13K
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. NO BENEFITS TO BE RECEIVED FROM THIS GRANT.
2018
$58K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$18K
General Support
2017
$10K
General & Unrestricted
2017
$10K
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.
2017

Funded by

$6.1M from 33 funders · 87 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$2.6M · 7 grants · 2017–2023

Pvh Foundation Inc

$704K · 8 grants · 2020–2024

American Online Giving Foundation Inc

$671K · 6 grants · 2019–2024

The Underfashion Club Inc

$285K · 4 grants · 2020–2024

National Philanthropic Trust

$255K · 4 grants · 2019–2023

Tides Foundation

$205K · 3 grants · 2022–2023

The Fragrance Foundation Inc

$200K · 2 grants · 2021–2022

The Goldman Sachs Charitable Gift Fund

$200K · 8 grants · 2019–2023

Details

EIN135675757
Subsection03
Ruling date1946-01
Formed1944
Employees22
Volunteers34
FASHION INSTITUTE OF TECHOLOGY FOUNDATION — Mission, Financials & Grants Received | Grantivo