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Form 990-PFTax year 2024EIN 47-2662220

IDC Foundation Inc

A private foundation in Centerport, NY. Its return for tax year 2024 lists 8 grants and $1.4 million paid in grants.

Tax year 2024 (period ending Jun 30, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests. It still lists the details below.

Contact
IDC Foundation Inc
277 Jackson Cres
Centerport, NY 11721

Assets and giving by year

2 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $1,429,475

    Grants listed
    8
    Assets, end of year
    $31,867,632
  • Tax year 2023

    $500,000

    Grants listed
    5
    Assets, end of year
    $30,096,832

Grants paid in 2024

8 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Individual

    Establish NYIT SoAD IDC Foundation Institute for Design, Resaerch and Innovation. Advacing AI in Architecture.

    $500,000
  2. Individual

    AACE lab expansion/Solar Decathalon Vertically Integrated Project

    $329,415
  3. Barnard CollegeNew York, NY

    Barnard Design Center Programming

    $100,060
  4. Individual

    Scholarships/Fellowship

    $100,000
  5. Individual

    Scholarships/Fellowship

    $100,000
  6. New York UniversityNew York, NY

    Scholarships/Fellowship

    $100,000
  7. Pratt InstituteBrooklyn, NY

    Scholarships/Fellowship

    $100,000
  8. Columbia UniversityNew York, NY

    Scholarships/Fellowship

    $100,000

Approved for future payment

2 grants

Approved in 2024 and not yet paid.

  1. Individual

    AACE lab expansion/Solar Decathalon Vertically Integrated Project

    $670,585
  2. Individual

    Establish NYIT SoAD IDC Foundation Institute for Design, Resaerch and Innovation. Advacing AI in Architecture.

    $500,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education4 grants $400,060100% of the total

By State

Grants to organizations with a US address, latest year.

  1. New York4 grants $400,060

Officers, directors and trustees

4 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Raymond SavinoPresident/Treas Hours 0Pay $0
  • Frank FortinoVP/Secretary Hours 0Pay $0
  • Elizabeth BattistaDirector Hours 0Pay $0
  • Carol LoewensonDirector Hours 0Pay $0

The return

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