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The Carroll and Milton Petrie Foundation, Inc.

Profile

Last Updated: 2016-07-17

At A Glance

The Carroll and Milton Petrie Foundation, Inc.

767 Third Ave., 37th Fl.

New York City, NY United States 10017-2077

Telephone: (212) 806-6115

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $23,084,292

Total giving: $4,324,514

EIN

201451752

BRIDGE Number

4798877905

Background

Established in 2005 in NY as a successor to The Carrol and Milton Petrie Foundation - Founded by the late Milton Petrie, who was the owner of the Petrie Stores Corporation, a collection of apparel stores that allowed him to become one of the richest Americans, and a prominent philanthropist before his passing.

Purpose and Activities

The foundation's mission is to promote quality education for the more than 1.5 million students who attend public schools in New York City. There are two channels through which the foundation supports doing this: 1) To advance the likelihood that students at the City University of New York and at other notable colleges can survive emergencies and stay in school to finish their degrees; and 2) To build the expertise of teachers and principals to help them become effective in middle and high schools in the New York City Department of Education, so that vulnerable and disadvantaged students can succeed at graduating ready for college.

Fields of Interest

Subjects
  • Community college education
  • Education
  • Elementary and secondary education
  • Higher education
  • Undergraduate education
Population Groups
  • Academics
  • Children and youth
  • Students

Financial Data

Year ended 2014-12-31

Assets: $23,084,292 (market value)

Gifts received: $3,884,813

Expenditures: $4,654,289

Total giving: $4,324,514

Qualifying distributions: $4,495,442