Achelis and Bodman Foundation

The Achelis and Bodman Foundation is a nonprofit grantmaking organization that supports arts and educational programs mostly in New York City, along with supporting charter schools and various center-right advocacy organizations. The foundation was formed by the merger of the Steven B. Achelis Foundation (founded in 1940) and the Bodman Foundation (founded in 1945). 1 The two organizations had been managed together for years, but formally merged in 2015 to increase efficiency. 2

At-A-Glance

Chairman:

John N. Irwin III

President:

Russel P. Pennoyer3

Location: New York, NY View on map
Tax ID: 13-6022018
Most Recent Filing: 2024
Budget (2024): Assets: $143,063,829 Revenue: $5,716,065 Expenses: $7,763,665

Contents

    Program Areas

    The Achelis and Bodman Foundation distributes about $5,000,000 per year in grants to six “program areas.”

    Education

    In 2018, the Achelis and Bodman Foundation gave 28 grants totaling $1,345,000 (24% of grant funding for the year)4 to high schools, universities, theaters, and special education groups, including Fordham University, Heterodox Academy, and the Network for Teaching Entrepreneurship. The size of individual grants ranged from $15,000 to $100,000. 5

    The Foundation has argued that major-city traditional public school districts have failed in their efforts to produce good education outcomes for poorer children, and therefore the Foundation supports private alternatives, including charter schools, voucher programs, and scholarships for parochial schools. 6

    Public Policy

    In 2018, the Achelis and Bodman Foundation gave 20 grants totaling $1,255,000 (22% of grant funding for the year)4 to think tanks, universities, media groups, and activist groups, including the American Enterprise Institute, the Jamestown Foundation, and the Treatment Advocacy Center. The size of individual grants ranged from $25,000 to $200,000. 5

    The Foundation explicitly states an ideological orientation: “in all areas, the Foundation’s grantmaking is guided by a belief in the merits of economic and political liberty, free enterprise, and personal responsibility.” 6

    Arts and Culture

    In 2018, the Achelis and Bodman Foundation gave 33 grants totaling $1,250,000 (22% of grant funding for the year)4 to artistic and cultural institutions, including the American Ballet Theater, the Historic Landmarks Preservation Society, and the Metropolitan Museum of Art. The size of individual grants ranged from $15,000 to $100,000. 5

    Health

    In 2018, the Achelis and Bodman Foundation gave 14 grants totaling $549,000 (10% of grant funding for the year)4 to community health services and basic research, including the Cancer Support Community of New Jersey, Helen Keller Services for the Blind, and Rockefeller University. The size of individual grants ranged from $1,000 to $250,000. 5

    Youth and Families

    In 2018, the Achelis and Bodman Foundation gave 18 grants totaling $515,000 (9% of grant funding for the year)4 to educational and extra-curricular support for children and youth-risk prevention programs, including the Appalachian Mountain Club, the Madison Square Boys and Girls Club, and the Police Athletic League. The size of individual grants ranged from $20,000 to $50,000. 5

    Employment

    In 2018, the Achelis and Bodman Foundation gave 9 grants totaling $410,000 (7% of grant funding for the year)4 to job training programs and entrepreneurial support organizations, including JobsFirstNYC, Rising Tide Capital, and the Grace Institute. The size of individual grants ranged from $25,000 to $50,000. 5

    Other

    In addition to its six targeted program areas, the Achelis and Bodman Foundation also provides grants to miscellaneous organizations. In 2018, the Foundation gave 16 grants totaling $305,000 (6% of grant funding for the year)4 to these other organizations, including Citymeals-on-Wheels, the Goddard Riverside Community Center, and St. John’s Bread and Life. The size of individual grants ranged from $10,000 to $25,000. 5

    Conservative and Center-Right Advocacy

    While the Achelis and Bodman Foundation primarily supports non-ideological organizations, it contributes significant funds to right-of-center organizations as well. Among other center-right groups, in 2018 the Foundation provided grants to:

    • Heterodox Academy, an advocacy organization founded by politically liberal psychologist Jonathan Haidt that strives to expand political and cultural viewpoints on college campuses and in humanities and social science fields;7 in 2018, Heterodox Academy received a $100,000 grant from the Achelis and Bodman Foundation for “general operating support.” 5
    • American Enterprise Institute (AEI), a Washington, DC-based free-market think tank that produces research on American politics and economics;8 in 2018, AEI received a $100,000 grant from the Achelis and Bodman Foundation “to support the Human Dignity Project.” 5
    • Empire Center for Public Policy is an Albany, New York-based conservative state-level think tank and fiscal watchdog. 9
    • The Hoover Institution, a right-of-center think tank housed at Stanford University5
    • The Hudson Institute, a Washington, DC-based foreign policy think tank;10 in 2018, the Institute received a $50,000 grant to “support the Center for Religious Freedom” and a $200,000 grant “to support a project, Implementing the 2017 National Security Strategy” from the Achelis and Bodman Foundation. 5
    • The Pacific Research Institute, a California-based conservative think tank focused on promoting free enterprise and limiting government growth;11 and
    • The William F. Buckley Program at Yale University, which promotes conservative viewpoints at Yale to counter-act the perceived dominance of left-wing ideologies on campus. 12

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $143,063,829 $5,716,065 $7,763,665 View
    2023 $137,130,810 $5,393,536 $7,876,601 View
    2022 $128,869,206 $3,667,326 $7,834,080 View
    2021 $157,000,877 $14,287,825 $7,447,549 View
    2020 $135,710,267 $5,048,481 $6,755,675 View

    Prior year filings: 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    John B KriegerEXECUTIVE DIRECTOR/SECRETARY$372,000
    Vicki PulusoGRANTS MANAGER$61,772
    Russell P PennoyerPRESIDENT/TRUSTEE$30,000

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $78,011,500
    • Number of Grants: 1,910
    • Number of Recipients: 869

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $500,0002025 The Rockefeller UniversityAn Initiative to Recruit a New Tenure-Track Laboratory Head
    $500,0002024 The Rockefeller Universityresearch of Jiankun (JK) Lyu, Ph.D., a computational chemist
    $500,0002023 The Rockefeller Universityresearch of Jiankun (JK) Lyu, Ph.D., a computational chemist
    $500,0002022 The Rockefeller Universitylaboratory of chemical biologist Katya Vinogradova and the purchase of an Orbitrap Eclipse Tribrid Mass Spectrometer
    $500,0002021 The Rockefeller UniversityLaboratory of chemical biologist Katya Vinogradova and the purchase of an Orbitrap Eclipse Tribrid Mass Spectrometer
    $300,0002025 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.research and activities in three areas: Mental Health, Policing and Public Safety, and Immigration
    $300,0002024 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.Urban Policy and Homelessness Policy
    $250,0002020 Hudson Institute IncResearch on China
    $200,0002025 Hudson Institute IncU.S.-China Tech Competition and the Hudson Institute Foreign Policy Discussion Group
    $200,0002024 Hudson Institute IncExecuting Economic Containment: A Proposal on U.S.-China Strategic Competition
    $200,0002023 New York Historical SocietyTang Academy of American Democracy
    $200,0002021 JACKSON LABORATORYRare and Orphan Disease Center
    $175,0002025 Christodora Inc.general operating support
    $160,0002021 Achievement FirstAF Navigator program in New York City charter schools
    $150,0002024 Atlas NetworkLatin America Initiatives
    $150,0002024 Hospital for Special Surgeryresearch on Juvenile Dermatomyositis
    $150,0002024 New York Historical Societynew conservation studio
    $150,0002023 Hospital for Special Surgeryresearch on Juvenile Dermatomyositis
    $150,0002023 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.Energy Policy
    $150,0002023 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.Policing and Public Safety Initiative
    $150,0002023 The Chamber Music Society of Lincoln Center Incgeneral operating support
    $150,0002022 Hudson Institute IncCenter on Europe
    $150,0002022 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.General research
    $150,0002022 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.Research on Mental Illness and Homelessness Policy
    $150,0002021 Hudson Institute IncStudy on “is the Chinese Economic Model Sustainable?”

    References

    1. “History.” Achelis and Bodman Foundation. Accessed December 13, 2019. http://achelisbodman.org/about/history/.
    2. “About the Foundation.” Achelis and Bodman Foundation. Accessed December 13, 2019. http://achelisbodman.org/about/.
    3. “Officers, Trustees & Staff.”Achelis and Bodman Foundation. Accessed December 13, 2019. http://achelisbodman.org/people/.
    4. “Grants.” Achelis and Bodman Foundation. Accessed December 13, 2019. http://achelisbodman.org/grants-made/.
    5. “2018 Grants.” Achelis and Bodman Foundation. Accessed December 13, 2019. http://achelisbodman.org/files/2019/02/grants_18.pdf.
    6. “Program Areas.” Achelis and Bodman Foundation. Accessed December 13, 2019. http://achelisbodman.org/about/areas/.
    7. “Heterodox Academy.” Heterodox Academy. Accessed December 14, 2019. https://heterodoxacademy.org/.
    8. “Why the American Enterprise Institute chief is so popular.” The Washington Post. Accessed December 14, 2019. https://www.washingtonpost.com/blogs/right-turn/wp/2014/04/02/why-the-american-enterprise-institute-chief-is-so-popular/.
    9. “Empire Center for Public Policy.” Atlas Network. Accessed December 14, 2019. https://www.atlasnetwork.org/partners/global-directory/empire-center-for-public-policy/.
    10. “Research.” Hudson Institute. Accessed December 14, 2019. https://www.hudson.org/research.
    11. “Mission Statement.” Pacific Research Institute. Accessed December 14, 2019. https://www.pacificresearch.org/mission-statement/.
    12. “William F. Buckley Program at Yale hosts its second annual ‘Disinvitation Dinner.’” The Washington Post. Accessed December 14, 2019. https://www.washingtonpost.com/news/volokh-conspiracy/wp/2016/05/02/william-f-buckley-program-at-yale-hosts-its-second-annual-disinvitation-dinner/.