FASHION INSTITUTE OF TECHOLOGY FOUNDATION

EIN 13-5675757 NEW YORK, NY

Browse the largest nonprofits in New York

Revenue 2024: $9,446,809
Expenses 2024: $6,170,679

Program services were 67.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection: 03
Classification: 2000
Street: 227 W 27TH ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

THE FIT FOUNDATION PROVIDES SCHOLARSHIPS, FUNDRAISING ACTIVITIES, PROGRAM SUPPORT AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.

Activities or mission (Part I)

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.

SCHOLARSHIPS & AWARDS:DURING FY 2025 THE FIT FOUNDATION GRANTED SCHOLARSHIPS AND AWARDS TO 337 STUDENTS OF THE FASHION INSTITUTE OF TECHNOLOGY.

Expenses $2,572,916 · Grants $2,572,916
FUNDRAISING:THE FIT FOUNDATION PROVIDES FUND-RAISING ACTIVITIES, PROGRAMS SUPPORT, AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.

Expenses $1,563,080 · Grants $467,873

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Douglas HandDOUGLAS HAND

CHAIR

Total calculated

$0

Hours/week

1
Sarah Curtis HenrySARAH CURTIS HENRY

VICE CHAIR

Total calculated

$0

Hours/week

1
Adam BanfieldADAM BANFIELD

DIRECTOR (END 01/25)

Total calculated

$0

Hours/week

1
David CaseyDAVID CASEY

DIRECTOR (END 12/24)

Total calculated

$0

Hours/week

1
Tom ChuTOM CHU

DIRECTOR

Total calculated

$0

Hours/week

1
Lisa ClydeLISA CLYDE

DIRECTOR

Total calculated

$0

Hours/week

1
Sarah DavisSARAH DAVIS

DIRECTOR

Total calculated

$0

Hours/week

1
Fredric DechnikFREDRIC DECHNIK

DIRECTOR

Total calculated

$0

Hours/week

1
Trish DonnellyTRISH DONNELLY

DIRECTOR

Total calculated

$0

Hours/week

1
Abbey DonegerABBEY DONEGER

DIRECTOR

Total calculated

$0

Hours/week

1
Sam HaddadSAM HADDAD

DIRECTOR

Total calculated

$0

Hours/week

1
Jane Hertzmark HudisJANE HERTZMARK HUDIS

DIRECTOR

Total calculated

$0

Hours/week

1
Eric FischERIC FISCH

DIRECTOR

Total calculated

$0

Hours/week

1
Robert FischROBERT FISCH

DIRECTOR

Total calculated

$0

Hours/week

1
Morris GoldfarbMORRIS GOLDFARB

DIRECTOR

Total calculated

$0

Hours/week

1
Maloni GossMALONI GOSS

DIRECTOR

Total calculated

$0

Hours/week

1
Geoffrey GreenbergGEOFFREY GREENBERG

DIRECTOR

Total calculated

$0

Hours/week

1
Madeline GardnerMADELINE GARDNER

DIRECTOR

Total calculated

$0

Hours/week

1
Gigi Ganatra DuffGIGI GANATRA DUFF

DIRECTOR (END 9/24)

Total calculated

$0

Hours/week

1
Dayna Isom JohnsonDAYNA ISOM JOHNSON

DIRECTOR (END 09/24)

Total calculated

$0

Hours/week

1
Laurence C Leeds JrLAURENCE C LEEDS JR

DIRECTOR

Total calculated

$0

Hours/week

1
Kamie LightburnKAMIE LIGHTBURN

DIRECTOR

Total calculated

$0

Hours/week

1
Fern MallisFERN MALLIS

DIRECTOR

Total calculated

$0

Hours/week

1
Alex MontefalcoALEX MONTEFALCO

DIRECTOR

Total calculated

$0

Hours/week

1
Corey MoranCOREY MORAN

DIRECTOR

Total calculated

$0

Hours/week

1

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

2024

Revenue

$9,446,809

Expenses

$6,170,679

Contributions

$4,956,737

Grants paid

$3,040,789
2023

Revenue

$7,222,532

Expenses

$7,380,322

Contributions

$4,944,142

Grants paid

$4,588,454
2022

Revenue

$5,252,372

Expenses

$5,608,981

Contributions

$3,756,389

Grants paid

$2,333,784

Tax year	Revenue	Expenses	Contributions	Grants paid
2024	$9,446,809	$6,170,679	$4,956,737	$3,040,789
2023	$7,222,532	$7,380,322	$4,944,142	$4,588,454
2022	$5,252,372	$5,608,981	$3,756,389	$2,333,784

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

2022 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2021 · 990

Revenue

$11,865,196

Expenses

$3,861,294

Assets (EOY)

$66,238,372
2021 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2020 · 990

Revenue

$4,909,320

Expenses

$3,682,682

Assets (EOY)

$66,325,946
2020 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2019 · 990

Revenue

$8,583,582

Expenses

$4,588,818

Assets (EOY)

$58,041,389
2018 · 990

Revenue

$7,045,132

Expenses

$6,093,713

Assets (EOY)

$53,219,690
2017 · 990

Revenue

$7,518,794

Expenses

$5,417,502

Assets (EOY)

$53,696,394
2016 · 990

Revenue

$7,154,971

Expenses

$5,704,618

Assets (EOY)

$54,621,170
2015 · 990

Revenue

$5,467,423

Expenses

$5,892,125

Assets (EOY)

$48,716,633

Tax year	Form	Revenue	Expenses	Assets (EOY)
2022	990-T	not reported	not reported	not reported
2021	990	$11,865,196	$3,861,294	$66,238,372
2021	990-T	not reported	not reported	not reported
2020	990	$4,909,320	$3,682,682	$66,325,946
2020	990-T	not reported	not reported	not reported
2019	990	$8,583,582	$4,588,818	$58,041,389
2018	990	$7,045,132	$6,093,713	$53,219,690
2017	990	$7,518,794	$5,417,502	$53,696,394
2016	990	$7,154,971	$5,704,618	$54,621,170
2015	990	$5,467,423	$5,892,125	$48,716,633

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

FASHION INSTITUTE OF TECHNOLOGY

$2,200,134

2023 DEPARTMENTAL SUPPORT
FASHION INSTITUTE OF TECHNOLOGY

$467,873

2024 DEPARTMENTAL SUPPORT
FASHION INSTITUTE OF TECHNOLOGY

$79,871

2022 DEPARTMENTAL SUPPORT

Where these grants went next →

Grants received

AMERICAN ONLINE GIVING FOUNDATION INC

$231,362

2022 GENERAL SUPPORT
AMERICAN ONLINE GIVING FOUNDATION INC

$212,033

2024 GENERAL SUPPORT
DONOR ADVISED CHARITABLE GIVING

$211,100

2024 PUBLIC, SOCIETAL BENEFIT
AMERICAN ONLINE GIVING FOUNDATION INC

$157,084

2023 GENERAL SUPPORT
NATIONAL PHILANTHROPIC TR

$120,000

2024 EDUCATION
FRAGRANCE FOUNDATION INC

$100,000

2022
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

$100,000

2022 UNRESTRICTED GENERAL SUPPORT
TIDES FOUNDATION

$90,000

2022 QUALITY EDUCATION
FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$79,200

2022 For grant recipient's exempt purposes
FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$60,700

2023 For grant recipient's exempt purposes

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.