2026-04-21T07:14:08-05:00 2025-06-30 135565207 KPMG LLP TWO MANHATTAN WEST 375 9TH AVENUE NEW YORK NY 10001 990 2024-07-01 135675757 FASHION INSTITUTE OF TECHNOLOGY FOUNDATION FASH 2122177820 227 WEST 27TH STREET NEW YORK NY 10001 SHERRY BRABHAM CHIEF FINANCIAL OFFICER 2122177820 2026-04-17 1 0 EVAN W SEEKAMP P01907071 2127589700 2026-04-15 2024 2025-03-06 01:10:19Z DR JOYCE F BROWN 227 WEST 27 STREET NEW YORK NY 10001 24663667 0 X WWW.FITNYC.EDU/EFFI X 1944 NY THE FOUNDATION PROVIDES SCHOLARSHIPS, FUNDRAISING ACTIVITIES, PROGRAM SUPPORT (SEE SCH. 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MANAGER OF ADVANCEMENT OPER. 35.00 0.00 X 107238 0 43416 ANGELA PREVOSTO DATABASE ADMINISTRATOR 35.00 0.00 X 108520 0 24255 CLAIRE GILVAR DIRECTOR, CORPORATE ENGAGEMENT 35.00 0.00 X 100348 0 35535 651746 0 156858 5 0 1 0 ARAMARK CORP PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 216949 DUFOUR & CO 1911 FORT MYER DR SUITE 1150 ARLINGTON VA 22209 EVENT MANAGEMENT 189412 THE GLASSHOUSE 660 12TH AVENUE 5TH FLOOR NEW YORK NY 10019 EVENT MANAGEMENT 179884 3 49550 901033 4006154 4956737 2431642 2431642 16561880 14567078 1994802 1994802 1994802 713408 901033 649780 63628 63628 9446809 0 0 4490072 467873 467873 2572916 2572916 845691 845691 67399 67399 67592 67592 154263 154263 69851 69851 1525 1525 79750 79750 289227 289227 551879 396107 49321 106451 1986 1000 986 641990 404346 237644 1093 1093 118044 119553 -1509 222926 156434 66492 EXHIBITIONS 14224 14224 LIBRARY MATERIALS 2450 2450 6170679 4135996 1861724 172959 10702778 15915278 1845872 1234155 52854 29861 48121704 53335083 14044326 15232604 471112 75238646 85746981 759014 720482 328500 502500 1422430 5159533 2509944 6382515 X 2329989 2920506 70398713 76443960 72728702 79364466 75238646 85746981 X 3276130 3409846 -50212 X 0 1 X 1 0 X 2228277 8997063 3756389 4944142 4956737 24882608 2228277 8997063 3756389 4944142 4956737 24882608 792972 24089636 1689755 2533157 2216028 2046148 2431642 10916730 3425 232945 236370 36035708 0.66850 0.62580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56441748 185005 6714179 1659755 61681177 50984106 732024 6744914 2019296 56441748 48273257 262413 3922067 1473631 50984106 52383851 1559018 -4526542 1143070 48273257 43487394 484592 9338924 927059 52383851 0.01478 0.36351 0.62171 0 0 0 7171778 F REAL ASSETS 1551751 F HEDGE FUNDS- DOMESTIC 6509075 F 15232604 DUE TO AFFILIATE (FIT) 5159533 5159533 X 14018194 3409846 1500978 -50212 4860612 9157582 289227 289227 9446809 7382430 1500978 1500978 5881452 289227 289227 6170679 PART X, LINE 2: FIN48 (ASC 740) FOOTNOTE THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX PURSUANT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). THE FOUNDATION RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE FOUNDATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER SECTION 511 OF THE CODE. THE FOUNDATION DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITIES OR UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION -51,446. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 1,234. SCHEDULE D, PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS ENDOWED FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS, AWARDS, AND PROGRAM ENRICHMENT FOR THE BENEFIT OF THE STUDENTS OF THE FASHION INSTITUTE OF TECHNOLOGY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6975842 0 0 0 0 0 0 6975842 0 6975842 0 0 0 0 0 0 1 FERN MALLIS LLC 40 E 68TH ST STE 5B NEW YORK NY 10065 FUNDRAISING 0 0 56824 -56824 56824 -56824 NY GALA 1513383 846167 667216 21928 546100 FIT CIRCLE 16468 16468 1 84590 38398 46192 81752 1614441 901033 713408 21928 627852 649780 63628 SCHEDULE G, PART I FERN MALLIS LLC WAS HIRED FOR A ONE YEAR TERM TO CONSULT ON FUNDRAISING ACTIVITIES. THE FEE IS $56,824 FOR A TWELVE MONTH TERM PLUS EXPENSES. 0 FASHION INSTITUTE OF TECHNOLOGY 227 WEST 27TH STREET NEW YORK NY 10001 132556338 NEW YORK STATE 467873 0 DEPARTMENTAL SUPPORT 1 FASHION INSTITUTE OF TECHNOLOGY 337 2572916 0 0 0 0 0 0 0 0 0 JULIE SYGIEL DIRECTOR 141025 0 0 0 0 0 11593 0 15406 0 168024 0 0 0 ARIELLE DUMORNAY DIRECTOR OF DEVELOPMENT (END 04/25) 139943 0 0 0 0 0 11247 0 15406 0 166596 0 0 0 AUDREY TEUBER ASSIST. MANAGER OF ADVANCEMENT OPER. 107238 0 0 0 0 0 8779 0 34637 0 150654 0 0 0 FERN MALLIS LLC BOARD MEMBER 56824 FUNDRAISING 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM WAS THEN CAREFULLY REVIEWED BY OFFICERS OF THE ORGANIZATION. A COMPLETE COPY OF THE FINAL VERSION OF FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. QUESTIONS WERE REFERRED TO THE CHIEF FINANCIAL OFFICER FOR RESPONSE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A DISCLOSURE STATEMENT. THE CONFLICT OF INTEREST POLICY AND DISCLOSURES ARE MONITORED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION WITH ASSISTANCE FROM FASHION INSTITUTE OF TECHNOLOGY'S CONTROLLER. APPROPRIATE ACTION IS TAKEN BASED ON THE NATURE OF THE CONFLICT, IF ANY ARE IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS, RELYING ON FINDINGS OF AN OUTSIDE COMPENSATION CONSULTANT AND UTILIZING COMPARABILITY DATA, VOTED UNANIMOUSLY TO FOLLOW THE CONSULTANT'S RECOMMENDATION IN ESTABLISHING THE CHIEF EXECUTIVE OFFICER'S SALARY. LATER, INDEPENDENT MEMBERS OF THE FULL BOARD OF DIRECTORS APPROVED THE COMMITTEE'S RECOMMENDATION REGARDING THE CHIEF EXECUTIVE OFFICER'S SALARY ADJUSTMENT. THE CONSULTANT'S FINDINGS AND THE BOARD'S AND THE COMMITTEE'S ACTIONS WERE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS INCLUDING ITS APPLICATION FOR TAX EXEMPT STATUS, FORM 990, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPONENTS OF NET PERIODIC COST 1,234. NET CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION -51,446.