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NOVO FOUNDATION

Hurley, NY Tax ID: 47-0824753 www.novofoundation.org

The Novo Foundation, led by Jennifer and Peter Buffett, is a major philanthropic organization based in New York, with over $719 million in assets, supporting diverse initiatives across the U.S.

About NOVO FOUNDATION

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

The Novo Foundation, based in Hurley, New York, is a philanthropic organization with significant financial resources, holding assets of over $719 million. In the past year, it reported expenses of approximately $174 million and revenue of nearly $374 million. The foundation is co-led by Jennifer and Peter Buffett, who serve as Co-Presidents. The foundation supports a wide range of initiatives across numerous cities and states in the United States, although specific subject areas of focus are not listed. Key personnel include Kimberly McLain, the Chief Financial Officer, and Brooke Pickering-Cole, the Executive Director of the Farm Hub. The foundation's activities are widespread, funding projects in cities from New York to San Francisco, and states from Alaska to Wyoming.

Focus Areas

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Geographic Focus

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Key Statistics
Total Assets $719.3M
Total Awarded This Year $169.4M
Average Grant Size $1K
Total Grants (Previous Year) 155,590
Open to New Applicants
% New Applicants Funded
Contact Information
Hurley, NY
Geographic Funding Distribution

Financials

Total Assets
$719.3M

+2.6% from previous year

Annual Grants
$169.4M

501 grants awarded in 2024

Expense Ratio
46.6%

Of total revenue spent on programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$27,541,597TIDES FOUNDATIONPROJECT SUPPORT: ADVANCING GIRLS FUNDNew york, NY, US2022
$24,383,492TIDES FOUNDATIONPROJECT SUPPORT: ADVANCING GIRLS FUNDNew york, NY, US2023
$22,940,133TIDES FOUNDATIONPROJECT SUPPORT : ADVANCING GIRLS FUNDNew york, NY, US2024
$15,498,265HUDSON VALLEY FARM HUB LLCGENERAL SUPPORTKingston, NY, US2022
$15,140,000ROCKEFELLER PHILANTHROPY ADVISORSPROJECT SUPPORT: THE LIFE STORY INITIATIVENew york, NY, US2024
$10,000,000TIDES CENTERPROJECT SUPPORT: "WOMEN BUILDING UP"San francisco, CA, US2022
$10,000,000TIDES CENTERPROJECT SUPPORT: "WOMEN BUILDING UP"San francisco, CA, US2023
$9,139,000COMMUNITY FOUNDATIONS OF THE HUDSON VALLEYPROJECT SUPPORT: RADIO KINGSTON CORPPoughkeepsie, NY, US2022
$5,977,000TIDES FOUNDATIONDONOR ADVISED FUNDNew york, NY, US2024
$5,692,500COMMUNITY FOUNDATIONS OF THE HUDSON VALLEYPROJECT SUPPORT: RADIO KINGSTONPoughkeepsie, NY, US2023

People

Leadership & Staff

Compensation data from most recent available 990 forms

JB

JENNIFER BUFFETT

CO-PRESIDENT

$1 2024
PB

PETER BUFFETT

CO-PRESIDENT

$1 2024
AS

AARON STERN

SECRETARY

$0 2024
KM

KIMBERLY MCLAIN

CHIEF FINANCIAL OFFICER

$354,184 2024
BP

BROOKE PICKERING-COLE

EXEC DIR, FARM HUB

$265,225 2024
Showing 5 of 5 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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