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Filing year 2024

THE CARMEL HILL FUND

New York, New York·EIN 13-6881103·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$55.1M
Total assets
$433.5M
Total expenses
$22.4M
Reported officers
7

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New York.

Executive Director
Above 90th percentile
$464k
$502k
Former Executive Director
75th to 90th percentile
$246k
$266k
Chief Operating Officer
Median to 75th percentile
$228k
$246k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE CARMEL HILL FUND equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,948 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$10.1M

Itemized grants

41

Median grant

$100k

RecipientLocationPurposeAmount
RSF SOCIAL FINANCESAN FRANCISCO, CADONOR ADVISED FUND - PLANNED FOR GIFTS FOR DONEE'S EXEMPT PURPOSE AND CAUSE$2.2M
VERMONT COMMUNITY FOUNDATIONMIDDLEBURY, VADONOR ADVISED FUND - PLANNED FOR GIFTS FOR DONEE'S EXEMPT PURPOSE AND CAUSE$2.2M
FUND FOR PUBLIC SCHOOLSNEW YORK, NYSUPPORT FOR STUDENT LITERACY & READING OUTCOMES; NYC READS EVALUATION & FAMILY ENGAGEMENT ACTIVITIES$860k
BRAIN AND BEHAVIOR RESEARCH FOUNDATIONNEW YORK, NYYOUNG INVESTIGATORS PROGRAM AND RUANE PRIZE RESEARCH AWARDS$550k
READ ALLIANCENEW YORK, NYNYC READS INITIATIVE LITERACY ACTIVITIES$300k
CHILDREN'S AID SOCIETYNEW YORK, NYSCHOLARSHIPS, YOUTH MENTAL HEALTHCARE, AND AFTER-SCHOOL PROGRAMMING$292k
READING PARTNERSNEW YORK, NYNYC READS INITIATIVE LITERACY ACTIVITIES$288k
MADISON SQUARE BOYS AND GIRLS CLUBNEW YORK, NYGENERAL OPERATING EXPENSES$275k
PARENTCHILDNEW YORK, NYNYC READS INITIATIVE LITERACY ACTIVITIES$271k
LITERACY INCNEW YORK, NYNYC READS INITIATIVE LITERACY ACTIVITIES$258k
BOSTON MEDICAL CENTERBOSTON, MATEAM UP$250k
EXPANDEDNEW YORK, NYNYC READS INITIATIVE LITERACY ACTIVITIES$205k
COLUMBIA UNIVERSITYNEW YORK, NYDEPARTMENT OF PSYCHIATRY$200k
NEW VISIONS FOR PUBLIC SCHOOLSNEW YORK, NYLITERACY ACADEMY COLLECTIVE$200k
CITY YEARBOSTON, MANYC READS INITIATIVE LITERACY ACTIVITIES$155k
HENRY STREET SETTLEMENTNEW YORK, NYYOUTH MENTAL HEALTH CLINICAL CARE STAFFING$150k
UNIVERSITY SETTLEMENTNEW YORK, NYMENTAL HEALTH SERVICES FOR YOUTH AGES 14-24$125k
REACH OUT AND READ OF GREATER NEW YORKNEW YORK, NYNYC READS INITIATIVE LITERACY ACTIVITIES$108k
CITIZENS COMMITTEE FOR CHILDREN OF NEW YORKNEW YORK, NYCAMPAIGN FOR HEALTHY MINDS, HEALTHY KIDS$100k
EDUCATORS FOR EXCELLENCENEW YORK, NYELEVATE EDUCATOR VOICE AND SUPPORT FOR HIGH-QUALITY LITERACY INSTRUCTION THROUGHOUT NEW YORK CITY$100k
HOPELAB FOUNDATIONSAN FRANCISCO, CARESPONSIBLE TECHNOLOGY YOUTH POWER FUND$100k
INSEPARABLEWASHINGTON, DCGENERAL OPERATING EXPENSES$100k
URBAN ASSEMBLYNEW YORK, NYGENERAL OPERATING EXPENSES$100k
NEW YORK PUBLIC LIBRARYNEW YORK, NYNYC READS INITIATIVE LITERACY ACTIVITIES$98k
ROOTS FAMILY CENTERDENVER, COLITERACY THROUGH HOME VISITATION PROGRAMS FOR FAMILIES WITH CHILDREN 0-5 YEARS OLD IN SOUTHWEST DENVER$95k
Compare this foundation's grantees

Up 7%
from 2023

From $436k in 2023 to $464k in 2024.

$436k
2023
$464k
2024
In today's dollarsEst.
Up 3% in real terms$489k to $502k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 435%.

$436k in 2023 to $464k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE CARMEL HILL FUND

What does the Chief Executive Officer of THE CARMEL HILL FUND earn?

In 2024, the Chief Executive Officer of THE CARMEL HILL FUND received $463,900 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in New York: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE CARMEL HILL FUND compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New York, the 2024 pay of the Chief Executive Officer at THE CARMEL HILL FUND falls in the top 10%. In 2024, the highest total compensation at THE CARMEL HILL FUND equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE CARMEL HILL FUND's revenue and expenses?

In 2024, THE CARMEL HILL FUND reported $55.1M in total revenue and $22.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.