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LEVERAGED FOUNDATION

Cohoes, NY Tax ID: 83-0635999 www.leveragedfoundation.org

Leveraged Foundation, based in Cohoes, NY, supports initiatives in New York with assets of $636,736 and a revenue of $1,751,646, led by uncompensated directors Allen Thorpe and Meghan Mackay.

About LEVERAGED FOUNDATION

Comprehensive foundation profile based on the most recent IRS Form 990 filing

Leveraged Foundation is a philanthropic organization based in Cohoes, New York, with a focus on funding initiatives within the state. The foundation has assets totaling $636,736 and reported expenses of $1,376,837 against a revenue of $1,751,646. Despite its expenses exceeding its assets, the foundation continues to operate actively, primarily supporting projects in New York City. Key personnel include Allen Thorpe, who serves as Treasurer, Secretary, and Director, and Meghan Mackay, who is the Executive Director and President. Notably, both individuals receive no compensation for their roles, with Mackay dedicating 60 hours per week to the foundation's activities.

Focus Areas

-

Geographic Focus

NY

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Key Statistics
Total Assets $637K
Total Awarded This Year $2K
Average Grant Size $7
Total Grants (Previous Year) 0
Open to New Applicants
% New Applicants Funded
Contact Information
Cohoes, NY
Geographic Funding Distribution

Financials

Total Assets
$637K

+2.6% from previous year

Annual Grants
$2K

1 grants awarded in 2024

Expense Ratio
78.6%

Of total revenue spent on programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$1,600THE URBAN ASSEMBLYGENERAL SUPPORTNew york, NY, US2024

People

Leadership & Staff

Compensation data from most recent available 990 forms

AT

ALLEN THORPE

TREASURER/SECRETARY/DIRECTOR

$0 2024
MM

MEGHAN MACKAY

EXECUTIVE DIRECTOR, PRESIDENT/DIRECTOR

$0 2024
Showing 2 of 2 leadership and staff members

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025

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