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The Carmel Hill Fund


Last Updated: 2016-06-06

At A Glance

The Carmel Hill Fund

(formerly Ruane Family Fund)

9 W. 57th St., No. 5000

New York City, NY United States 10019-2701

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $348,024,851

Total giving: $6,817,397





Additional Contact Information

E-mail for Arlene Farrand-Borgerson:


Established in 1986 in NY -

Purpose and Activities

Giving primarily for education, children and social services, and mental health organizations; some funding also for the arts.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Education Program

The Education Program works to improve the quality of education of disadvantaged youth in New York, as well as other places in the United States.

Fields of Interest

  • Arts and culture
  • Child welfare
  • Education
  • Elementary and secondary education
  • Higher education
  • Human services
  • Mental health care
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $348,024,851 (market value)

Gifts received: $40,000

Expenditures: $14,603,149

Total giving: $6,817,397

Qualifying distributions: $11,201,903

Giving activities include:

$6,817,397 for 53 grants (high: $2,500,000