About The Foundation

In 1932, Henry Ittleson, the founder of CIT Financial Corporation, established the Ittleson Foundation. He served as presiding trustee of the Foundation, and his wife Blanche F. Ittleson, and their son Henry Ittleson Jr., as trustees, continued in their respective roles until 1948.

In that year Mr. Ittleson died and Henry Ittleson, Jr. became the presiding trustee. At that time Mrs. Henry Ittleson, Jr. joined the Foundation as a trustee.

In 1948, under the leadership of Blanche F. Ittleson and Henry Ittleson, Jr., the Foundation began to focus its interests on the fields of health, welfare, public education for mental health, and intercultural relations. Within these major interests, special emphasis was placed on mental health and the mental, physical, and social well-being of children. Over the years other issues, such as the needs of the elderly, homelessness, and crime and justice, have received the Foundation’s attention. Today the Foundation’s areas of particular interest are: mental health, AIDS, and the environment.

With the death of Henry Ittleson, Jr. in 1973, H. Anthony Ittleson, grandson of the founder and a trustee since 1966, became Chairman and President of the Foundation. Under his stewardship the Foundation has continued its signature role of providing seed money for new ideas and initiatives by supporting pilot projects, demonstration projects, and applied research.

The Foundation has a long tradition of active grant making and has been fortunate in the high quality of its executive staff leadership in the persons of Nina Ridenour (1952-67), William T. Beaty, II, (1967-88), David M. Nee (1988-93), and Anthony C. Wood (1993-). Since its founding, the Foundation has also benefited from the insights of a variety of distinguished trustees.

Today the Foundation, its trustees and staff continue to build on the philanthropic foundation laid by its founder and developed with skill and devotion by his wife Blanche F. Ittleson and their son, Henry Ittleson, Jr.

Annual Report

We encourage you to browse through our website and download our most recent Annual Report


The Foundation annually alternates its new grantmaking between its Mental Health, AIDS and Environmental program areas. In 2021, the Foundation will be making new grants in the Environmental program area. Grants will be made at the Fall meeting. Initial letters of inquiry must be received before September 1, 2021. more....

Contact Us / Inquiries

Please address inquiries to:
Anthony C. Wood
Executive Director
Ittleson Foundation, Inc.
15 East 67th Street
New York, NY 10065
(212) 794-2008