IDC Foundation Inc
Preselected recipients only
IDC Foundation Inc is a private foundation in Centerport, New York. In tax year 2024 it gave $2.6 million in 8 grants; the typical grant was $100,000 and the largest $500,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$2.6 million
- Number of grants8
- Typical grant$100,000
- Largest grant$500,000
- Assets$31.9 million
- New grantees17%
Giving in 2024 was up from $500,000 the year before.
17% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $500,000 | 5 | $30.1 million |
| 2024 | $2.6 million | 8 | $31.9 million |
How to apply
IDC Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What IDC Foundation Inc funds
Where it gives
All of its grants went to recipients in New York.
| State | Grants | Amount |
|---|---|---|
| New York | 8 | $1.4 million |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| NY Institue of Technology | Establish NYIT SoAD IDC Foundation Institute for Design, Resaerch and Innovation. Advacing AI in Architecture. | $500,000 |
| Cooper Union | AACE lab expansion/Solar Decathalon Vertically Integrated Project | $329,415 |
| Barnard College | Barnard Design Center Programming | $100,060 |
| NY Institue of Technology | Scholarships/Fellowship | $100,000 |
| Cooper Union | Scholarships/Fellowship | $100,000 |
| New York University | Scholarships/Fellowship | $100,000 |
| Pratt Institute | Scholarships/Fellowship | $100,000 |
| Columbia University | Scholarships/Fellowship | $100,000 |
Officers and trustees
- Raymond Savino
- Frank Fortino
- Elizabeth Battista
- Carol Loewenson
Questions people ask
Does IDC Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does IDC Foundation Inc give?
$2.6 million in tax year 2024, across 8 grants, with a typical grant of $100,000.
Who runs IDC Foundation Inc?
Its 2024 filing lists Raymond Savino (President/Treas), Frank Fortino (VP/Secretary), Elizabeth Battista (Director) and Carol Loewenson (Director).
What does IDC Foundation Inc fund?
Based on its grants, mainly education and science and research.