Novo Foundation
Preselected recipients only
Novo Foundation is a private foundation in Hurley, New York. In tax year 2024 it gave $190 million in 508 grants; the typical grant was $150,000 and the largest $20.0 million. 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$190 million
- Number of grants508
- Typical grant$150,000
- Largest grant$20.0 million
- Assets$938 million
- New grantees20%
Giving in 2024 was up from $134 million the year before.
20% 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 |
|---|---|---|---|
| 2022 | $238 million | 608 | $545 million |
| 2023 | $134 million | 501 | $719 million |
| 2024 | $190 million | 508 | $938 million |
How to apply
Novo Foundation 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.
Foundation website IRS filings on ProPublica
What Novo Foundation funds
Where it gives
Its US grants went to recipients in 44 states, the most to New York. It also paid $2.6 million in 3 grants to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| New York | 268 | $149 million |
| California | 52 | $24.4 million |
| Massachusetts | 14 | $4.0 million |
| District of Columbia | 12 | $2.8 million |
| New Mexico | 23 | $2.6 million |
| South Dakota | 12 | $2.5 million |
| Colorado | 2 | $2.0 million |
| Minnesota | 11 | $1.7 million |
| Washington | 11 | $1.7 million |
| Kansas | 1 | $1.5 million |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Women Building Up Inc | Women building up | $20.0 million |
| Tides Foundation | Advancing girls fund | $19.3 million |
| Rockefeller Philanthropy Advisors | Donor advised fund | $14.0 million |
| Tides Center | One generation | $10.0 million |
| Community Foundations of the Hudson Valley | Radio kingston | $8.3 million |
| Rupco Inc | Housing support | $5.0 million |
| Rockefeller Philanthropy Advisors | Spirit aligned leadership program | $4.5 million |
| Rockefeller Philanthropy Advisors | Donor advised fund | $3.4 million |
| Tides Foundation | V-day | $3.0 million |
| Rockefeller Philanthropy Advisors | Donor advised fund | $2.8 million |
| The Institute for Family Health | Pine street family health center clinic construction | $2.7 million |
| Seventh Generation Fund for Indigenous Peoples Inc | General support | $2.3 million |
| Community Foundations of the Hudson Valley | Radio kingston | $2.2 million |
| Makeway Foundation | General support | $2.0 million |
| Regional Food Bank of Northeastern New York Inc | Capital support | $2.0 million |
| Tides Foundation | Donor advised fund | $2.0 million |
| Tides Foundation | Donor advised fund | $2.0 million |
| Samadhi Center Inc | General support | $1.5 million |
| The Land Institute | General support | $1.5 million |
| Community Foundations of the Hudson Valley | Mid-hudson energy transition | $1.3 million |
| Rockefeller Philanthropy Advisors | Donor advised fund | $1.3 million |
| Tides Foundation | Akwesasne seed sovereignty | $1.1 million |
| Ashokan Center Inc | Capital support | $1.0 million |
| Bard College | General support | $1.0 million |
| First Nations Development Institute | General support | $1.0 million |
| Global Greengrants Fund Inc | General support | $1.0 million |
| People's Place | Capital support | $1.0 million |
| RSF Social Finance | Pawanka fund | $1.0 million |
| RSF Social Finance | Indigenous knowledge holders fund | $1.0 million |
| The Democracy Collaborative Foundation Inc | General support | $1.0 million |
| Tides Center | Women & justice project | $1.0 million |
| Tides Foundation | Donor advised fund | $1.0 million |
| Tides Foundation | Warm data & complex living systems | $1.0 million |
| Tides Foundation | Worldwide indigenous science network | $950,000 |
| North Star Fund | General support | $850,000 |
| Tides Foundation | Naca inspired schools network | $850,000 |
| Girls Educational and Mentoring Services | General support | $800,000 |
| Rockefeller Family Fund Inc | The new perennials project | $800,000 |
| Community Foundations of the Hudson Valley | Hudsy community project | $750,000 |
| Thousand Currents | General support | $750,000 |
Officers and trustees
- Jennifer Buffett
- Peter Buffett
- Aaron Stern
- Kimberly McLain
- Matthew Tye
- Julianne Schrader Ortega As of 412
- Brooke Pickering-Cole
Questions people ask
Does Novo Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Novo Foundation give?
$190 million in tax year 2024, across 508 grants, with a typical grant of $150,000.
Who runs Novo Foundation?
Its 2024 filing lists Jennifer Buffett (Co-President), Peter Buffett (Co-President), Aaron Stern (Secretary) and Kimberly McLain (Chief Financial Officer) among 7 officers and trustees.
What does Novo Foundation fund?
Based on its grants, mainly youth programs, education and environment and conservation.