Public Charity

THE TOWERS FOUNDATION INC

THE TOWERS FOUNDATION INC is a Public Charity headquartered in NEW HAVEN, CT. Financial data from the 2025 filing: $1.5M revenue, $1.8M expenses, $2.7M total assets. 26 publicly reported grants to this organization, totaling roughly $766K, appear in IRS filings.

EIN: 061331831 NEW HAVEN, CT Latest filing: 2025
Total Revenue$1.5M
Total Expenses$1.8M
Total Assets$2.7M
Grant Records26
Funding Total$766K
Filing Years2020–2025

Mission

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.

Where $100 goes at The Towers Foundation Inc

How The Towers Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$73 Programs the work itself
$16 Management running the organization
$11 Fundraising raising the next dollar

Inside the $73 for programs

$73
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…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

IMMEDIATE PAST CHAIR Cindy Lefell
DIRECTOR Dr Stephanie Jacobson
PRESIDENT & CEO Gustave Keach-Longo
VICE CHAIR Jamie Zuboff
VICE PRESIDENT OF STRATEGIC INITIATIVES Jennifer Baron Bayer
VICE PRESIDENT Jesse Wescott

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$498,482 18 grants
Human & Social Services
$199,500 4 grants
Research & Policy
$40,000 1 grant
Food Assistance & Nutrition
$10,000 1 grant
Unspecified
$18,500 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $1.5M $1.8M $2.7M
2024 $1.1M $1.4M $2.9M
2023 $1.9M $1.1M $3.1M
2021 $868K $825K $1.9M
2020 $957K $704K $1.7M

Between 2020 and 2025, reported annual revenue grew from $957K to $1.5M (+58%), with total assets most recently reported at $2.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE TOWERS FOUNDATION INC

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