Capitalize Albany Corporation
Albany, NY · EIN 22-2353905. Reported 45 grants totalling $706,375 to 41 organizations across tax years 2021-2025, on Form 990 Schedule I.
Does this grantmaker accept applications?
Its tax return does not say, and we will not guess. Private foundations file Form 990-PF, which asks outright whether they fund only organizations they select themselves -- 78% say yes, and that one answer is what lets the rest of this site tell you which foundations are worth approaching. Grantmaking charities like this one file a regular Form 990 instead, and the IRS never puts the question to them. Anyone claiming to know the answer from the filing is inventing it.
Three things in the filing do bear on it:
- What kind of organization it is. For Capitalize Albany Corporation, the IRS classifies it under community improvement rather than as a grantmaker (NTEE S31Z) -- it is an operating charity that also makes grants.
- How spread out its giving is. 41 distinct organizations, with 4% of the dollars going to the largest single recipient. That is genuinely spread out -- the mark of a funder making many independent decisions rather than underwriting one institution.
- How much its list changes. 8% of one year's grantees are funded again the next, across 4 year-to-year transitions. That is below the 56% median for grantmaking charities, and well below the 67% median for private foundations. It describes the organizations it already funds, not whether it would consider a new one.
How big are its grants?
The median reported grant is $12,000. Half of what it reported fell between $8,360 and $25,000; the smallest was $5,687 and the largest $31,030. If you are asking for materially more than the top of that range, you are asking the wrong organization.
Every organization it funded
This is the complete list from its filings, largest first. Recipients are grouped by the EIN the filer reported, not by name, so an organization that was typed differently in two years appears once rather than twice.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| Crys-Style Beauty LLC Dba STUDIO23 | Albany, NY | $31,030 | 1 | 1 | 2025 |
| Viva Empanadas | Albany, NY | $28,000 | 1 | 1 | 2025 |
| The Yard | Albany, NY | $26,570 | 2 | 2 | 2024 |
| Are Events Productions | Albany, NY | $25,000 | 1 | 1 | 2023 |
| Fidens Brewing Company LLC | Albany, NY | $25,000 | 1 | 1 | 2023 |
| Foodscraps 360 LLC | Albany, NY | $25,000 | 1 | 1 | 2025 |
| Halo Wholesale Food Company LLC | Albany, NY | $25,000 | 1 | 1 | 2025 |
| Hot Crispy Oil LLC | Albany, NY | $25,000 | 1 | 1 | 2025 |
| Lark Hall Productions | Albany, NY | $25,000 | 1 | 1 | 2023 |
| Mac Equipment | Albany, NY | $25,000 | 1 | 1 | 2023 |
| Meatball Martini Madison LLC | Albany, NY | $25,000 | 1 | 1 | 2024 |
| New Scotch LLC Dba New Scotland Spirits | Albany, NY | $25,000 | 1 | 1 | 2024 |
| Reconstruction Home Ventures LLC | Albany, NY | $25,000 | 1 | 1 | 2025 |
| Rector Place Partners Inc | Albany, NY | $25,000 | 1 | 1 | 2025 |
| Shopjoy LLC | Albany, NY | $24,330 | 1 | 1 | 2024 |
| Hive of Hope Inc | Albany, NY | $23,128 | 1 | 1 | 2025 |
| Latin American Hospitality | Albany, NY | $22,719 | 1 | 1 | 2025 |
| Faith Creative Names | Albany, NY | $22,452 | 1 | 1 | 2023 |
| Nor Jewelers LLC | Albany, NY | $21,971 | 1 | 1 | 2023 |
| WGM74 LLC | Albany, NY | $19,790 | 2 | 2 | 2024 |
| Hill Street Cafe | Albany, NY | $17,888 | 2 | 2 | 2022 |
| Vietqueue Inc | Albany, NY | $17,145 | 2 | 2 | 2025 |
| Bombshell Midtown | Albany, NY | $17,110 | 1 | 1 | 2025 |
| Vanderheyden Hall Inc | Wynantskill, NY | $15,558 | 1 | 1 | 2023 |
| Hiit It With Britt LLC | Albany, NY | $12,585 | 1 | 1 | 2025 |
| Wine and Dine Group LLC | Albany, NY | $12,000 | 1 | 1 | 2024 |
| Dino's Pizza | Albany, NY | $10,000 | 1 | 1 | 2023 |
| Edens Rose Foundation | Albany, NY | $10,000 | 1 | 1 | 2021 |
| Envision Architects | Albany, NY | $10,000 | 1 | 1 | 2025 |
| Gulsum and Gulser Kurd Foundation | Delmar, NY | $10,000 | 1 | 1 | 2024 |
| John Mancini | Albany, NY | $10,000 | 1 | 1 | 2024 |
| Rjs Re Holdings LLC | Albany, NY | $10,000 | 1 | 1 | 2025 |
| Restaurant 605 | Albany, NY | $7,371 | 1 | 1 | 2022 |
| Gem Drug Corporation Dba Lincoln Pharmacy | Albany, NY | $7,089 | 1 | 1 | 2022 |
| The Skinny Pancake Inc | Albany, NY | $7,045 | 1 | 1 | 2025 |
| Castle Island Bilingual Montessori | Albany, NY | $6,800 | 1 | 1 | 2023 |
| Dacb LLC | Albany, NY | $6,319 | 1 | 1 | 2025 |
| Irie Vybez LLC | Albany, NY | $6,300 | 1 | 1 | 2023 |
| Loch & Quay LLC | Albany, NY | $6,261 | 1 | 1 | 2024 |
| Sunwoo Park Hair and Wig | Latham, NY | $6,227 | 1 | 1 | 2021 |
| Salvage & Shine | Albany, NY | $5,687 | 1 | 1 | 2025 |
4 of 41 (10%) received money in more than one year over the 5 years we hold. Remember the $5,000 floor: an organization funded every year at $3,000 shows up here as never funded at all.
What the money was for
Taken verbatim from the purpose column of its filings, largest first. This is the closest thing to a statement of what it funds, in its own words.
- Viva Empanadas
DOWNTOWN RETAIL GRANT REIMBURSEMENT - New Scotch LLC Dba New Scotland Spirits
BIG GRANT REIMBURSEMENT FOR RENOVATION OF TASTING ROOM - Meatball Martini Madison LLC
EXPANSION OF HATTIES RESTAURANT - Hot Crispy Oil LLC
NEIGHBORHOOD RETAIL GRANT PROGRAM - Hiit It With Britt LLC
PROJECT 25 ERIE BLVD ALBANY NY - Wine and Dine Group LLC
BIG - WINE AND DINE GROUP, LLC
What kind of organizations it funds
By the activity category the IRS assigns each recipient, for the 4 of 41 recipients we could match to a registered organization. The categories are the IRS's, not ours -- Schedule I reports the recipient's EIN, so this is a lookup rather than a name match.
Giving by year
| Tax year | Grants reported | Total | Median grant |
|---|---|---|---|
| 2021 | 3 | $26,227 | $10,000 |
| 2022 | 3 | $22,348 | $7,371 |
| 2023 | 13 | $210,754 | $15,558 |
| 2024 | 9 | $138,278 | $12,000 |
| 2025 | 17 | $308,768 | $22,719 |
Tax years, not calendar years, and the most recent year is usually incomplete -- Form 990 arrives about a year after the year it covers, so a low final year means late paperwork rather than a grantmaker winding down.
Where its money goes
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Funders that support the same organizations
These grantmakers and private foundations gave to organizations this one also funded. Shared grantees are a sign of overlapping priorities and nothing more: they do not show that any of these funders would consider a new organization. Each page says what its filings show.
How to approach this grantmaker
- Look for a published programme first. Unlike most private foundations, organizations of this kind often do run open, deadlined grant cycles with written guidelines. Its own website is the authority on that; this page is the authority on who it has actually paid.
- Check you are its size. The median reported grant is $12,000 -- and because grants under $5,000 need not be reported, it very likely writes smaller cheques than this page can see.
- Check you are in its geography. Its giving concentrates in New York.
- Read the recipient list for organizations like yours. If nothing on it resembles your work, that is a real answer and a cheap one to get.
Related guides
Where these numbers come from
Everything above is taken from Capitalize Albany Corporation's own Form 990 Schedule I filings, which the IRS publishes in bulk. We used 5 returns (tax years 2021-2025). Grant figures are from its returns. Recipient classifications, the concentration and retention figures and the funders that support the same organizations are our own calculations from them, described in how we build this.
On its most recent return it told the IRS it made grants to 0 section 501(c)(3) organizations and 17 other organizations. That is the filer's own count for one year; the totals above cover every year we hold.
Address of record on the latest return: 21 Lodge St, Albany, NY, 12207.
EIN 22-2353905 · See the original filings on ProPublica · How we build this
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