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Secunda Family Foundation INC EIN 20-5968142

Secunda Family Foundation INC

EIN  20-5968142 Private foundation / grantmaker New York, NY
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Size
$10–100M
What they do
A private foundation based in New York, NY. It reported about $57.0M in revenue for 2024.
Leadership
Thomas F Secunda · President & Treasurer
Money in and out
$57.0M revenue, $14.4M expenses
Bottom line
—

A private foundation based in New York, NY. It reported about $57.0M in revenue for 2024. For fiscal year 2024 it reported $57.0M in revenue, $14.4M in expenses, and $278.1M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$57.0M
Pt VIII · Ln 12
Total expenses
$14.4M
Pt IX · Ln 25
Net assets
$278.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42.6M
Total assets
278.1M
deployed as grants and operations
Grants paid
11.5M
in FY2024
Grants made
50grants
total in period
Payout rate
4%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 50 grants · $11.5M · 2024–2024
Whyhunger INCNY · FY2024$1,750,000
Love City Strong INCVI · FY2024$1,500,000
Fund for the City of New York INCNY · FY2024$1,200,000
National Museum of MathematicsNY · FY2024$1,000,000
Manhattan Theatre Club INCNY · FY2024$1,000,000
Target Als Foundation INCNY · FY2024$700,000
University of California San Francisco FoundationFY2024$500,000
Johns Hopkins UniversityFY2024$500,000
American Society for Technion Israel Institute of Technology INCFY2024$500,000
Manhattan Theatre Club INCNY · FY2024$310,975
The Foundation for Gender-Specific Medicine INCNY · FY2024$250,000
Island Health & Wellness Center INCVI · FY2024$250,000
Central Park Conservancy INCNY · FY2024$250,000
Intrepid Museum Foundation INC DBA Intrepid Sea-Air-Space MuseumFY2024$221,410
Intrepid Museum Foundation INC DBA Intrepid Sea-Air-Space MuseumFY2024$173,983
Temple Israel of Northern WestchesterFY2024$161,000
Simon Wiesenthal Center INCCA · FY2024$100,000
Harlem Educational Activities Fund INCNY · FY2024$100,000
See all 50 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV31
Average grantPart XV$231K
Median grantPart XV$50K
Largest grantPart XV$1.8M
Top cause focusNTEEArts & Culture (18%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$57.0M
FY2024▲ +57%
Expenses
$14.4M
FY2024▼ -3%
Total assets
$278.1M
FY2024▲ +18%
Total liabilities
$0
FY2024
Total revenue
$57.0M
Pt VIII · Ln 12
Total expenses
$14.4M
Pt IX · Ln 25
Net assets
$278.1M
Pt X · Ln 32
Total assetsPt II$278.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecunda Family Foundation INC
EINHdr · item D20-5968142
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJan 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Thomas F Secunda
President & Treasurer
$0Pt VII · Sec A
Cynthia Secunda
Vice President & Secretary
$0Pt VII · Sec A
See Secunda Family Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$35.2M · 62%
Investment income$21.3M · 37%
Other revenue$441K · 1%
Contributions & grants62%$35.2M
Investment income37%$21.3M
Other revenue1%$441K
Total revenueLn 12$57.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.80 Operating & administrative $0.20
Grants & contributions paid80%$11.5M
Operating & administrative20%$2.9M
Total functional expensesLn 25$14.4M

Balance Sheet

Part X · end of year
CashLn 1$12.4M
Total assetsLn 16$278.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$278.1M
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $278.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $57.0M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $57.0M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $57.0M · Prior year $36.2M
+57%
Revenue CAGR
FY2020 $56.8M · FY2024 $57.0M
0%
Net-asset trend (YoY)
End of year $278.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $57.0M · Expenses $14.4M
+75%
Liabilities-to-Assets
Total liabilities — · Total assets $278.1M
—
Net-asset ratio
Net assets $278.1M · Total assets $278.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Thomas F Secunda · Reported title PRESIDENT & TREASURER · Highest reported compensation $0 · Total expenses $14.4M
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 57%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$57.0M revenue · viewing · ⤓ 990 PDF
FY2023$36.2M revenue · ⤓ 990 PDF
FY2022$13.6M revenue · ⤓ 990 PDF
FY2021$17.7M revenue · ⤓ 990 PDF
FY2020$56.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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