FASHION INSTITUTE OF TECHOLOGY FOUNDATION

NEW YORK, NY, 10001-5902 (212) 217-7820 Est. 1944 EIN 13-5675757
Form 990 501(c)(3)
WWW.FITNYC.EDU/EFFI

Mission

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

Giving Portfolio

Total Grants
10
Total Giving
$2.3M
Recipients
8
Years Active
2017 - 2022
Avg grant: $251,346 Median: $232,734

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20221$80K $80K01
20211$270K $270K01
20201$469K $469K01
20192$465K $233K01
20175$1.0M $206K40

Top States

New York
10

Grantee Size Profile

$100K - $500K
1

Top Grantees

FASHION INSTITUTE OF TECHNOLOGY
NY - 6 grants
$2.1M
CHARM & STRANGE
NY
$75K
THISTLE & SPIRE
NY
$75K
FASHION INSTITURE OF TECHNOLOGY
NY
$15K
FIT ALUMNI ASSOCIATION
NY
$10K

Grants Awarded · 1 grants

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Financials

Total Revenue
$5,252,372
Total Expenses
$5,608,981
Net Assets
$67,677,042
20 employees 29 volunteers
From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 55.7%
Expenses ↑ 45.3%
Revenue Sources
Contributions 71.5% Investment 32.0%
Expense Breakdown
Program 56.1% Management 41.5% Fundraising 2.4%

Officers & Trustees (39)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2022 Form 990$5,252,372 ↓$5,608,981$67,677,042
2021 Form 990$11,865,196 ↑$3,861,294$64,802,018
2020 Form 990$4,909,320 ↓$3,682,682$64,451,191
2019 Form 990$8,583,582 ↑$4,588,818$55,312,010
2017 Form 990$7,518,794 $5,417,502$52,063,823

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EIN: 13-5675757 · Source: IRS Form 990 e-file data