The Towers Foundation Inc

NEW HAVEN, CT EIN: 06-1331831

THE PURPOSES OF THE CORPORATION ARE TO PROVIDE RESOURCES TO THE NEW HAVEN JEWISH COMMUNITY COUNCIL HOUSING CORPORATION (DBA THE TOWERS AT TOWER LANE AND REFERRED TO IN THESE BYLAWS AS "THE TOWERS") IN SUPPORT OF THE TOWERS' MISSION AS SET FORTH IN ARTICLE 2 OF ITS CERTIFICATE OF INCORPORATION ON FILE IN THE OFFICE OF THE SECRETARY OF THE STATE OF CONNECTICUT. IN CARRYING OUT ITS PURPOSES, THE CORPORATION SHALL ACT EXCLUSIVELY AS A SUPPORTING ORGANIZATION, AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), BY OPERATING FOR THE BENEFIT OF, PERFORMING FUNCTIONS OF, OR CARRYING OUT PURPOSES OF THE TOWERS.) FURTHER PROVIDED, IN THE EVENT OF ANY CONFLICT BETWEEN THE PURPOSES SET FORTH IN THESE BYLAWS AND THOSE SET FORTH IN ITS CERTIFICATE OF INCORPORATION, THE PROVISIONS OF THE CERTIFICATE OF INCORPORATION SHALL PREVAIL.

Financial Overview

From 2025 IRS Form 990-PF

Total Assets

$2.7M

-5.7% YoY

Annual Giving

$731K

+405.8% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$731K

+405.8% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$534K$1M$2M$2M202020212022202320242025
Metric202520242023
Total Assets$2,715,578$2,880,342$3,122,597
Revenue$1,512,288$1,133,381$1,940,196
Expenses$1,805,163$1,449,754$1,094,041
Qualifying Distributions
Net Investment Income$51,520$32,812$16,396
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$183K$366K$548K$731K0 grants20200 grants20210 grants20220 grants20231 grants20241 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

NEW HAVEN JEWISH COMMUNI…$731K

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K1$100–250K$250–500K1$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does The Towers Foundation Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

NameTitleHoursCompensation
CINDY LEFELLIMMEDIATE PAST CHAIR1
DR STEPHANIE JACOBSONDIRECTOR1
JAMIE ZUBOFFVICE CHAIR1
LINDA CEDARBAUMBOARD CHAIR2
LINDA RANDELLSECRETARY1
LORI BROCHINDIRECTOR1
ROBERT COLEDIRECTOR1
ROBERT GITTLEMANTREASURER1
GUSTAVE KEACH-LONGOPRESIDENT & CEO5
JOHN HEYDERCFO5
JENNIFER BARON BAYERVICE PRESIDENT OF STRATEGIC INITIATIVES17.5
JESSE WESCOTTVICE PRESIDENT5

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

New Haven

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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