Endowment / Foundation

Updated:

Maple Grove Cemetery

Maple Grove Cemetery Association has operated this 65-acre rural cemetery in Kew Gardens, Queens, since 1875. Led by President Phillip Rash-Flynn, with...

Maple Grove Cemetery logo

Maple Grove Cemetery

Maple Grove Cemetery Association has operated this 65-acre rural cemetery in Kew Gardens, Queens, since 1875. Led by President Phillip Rash-Flynn, with Executive Vice President Bonnie Dixon and Treasurer Tsai Chiu Lee, the non-sectarian institution serves as both an active burial ground and a community cultural center. The Association manages the grounds, a Victorian administration building, a receiving tomb, and a monumental park collection, all anchored by an endowment and permanent maintenance funds. The endowment invests across buyout, growth, and fund-of-funds strategies to meet the dual mandate of perpetual care and cultural programming. Physical assets include the Victorian Monumental Park Collection, the Center at Maple Grove — a community event space carved from a former chapel — and art installations on the grounds. The investment function supports maintenance of these structures and the cemetery's role as a public archive, with historical records housed at Columbia University Libraries. The Association participates in the New York State Association of Cemeteries and the Archivists Round Table of Metropolitan New York. The organization maintains an endowment with an estimated $94 million (Altss estimate), directed toward capital preservation and income generation for groundskeeping. Governance runs through the Maple Grove Cemetery Association, while its philanthropic arm, the Friends of Maple Grove Cemetery — led by President Shahriar Hossain with historian Carl Ballenas — raises supplementary funds for restoration and educational events. The Association has no disclosed satellite offices beyond its Kew Gardens campus. Maple Grove's structure as a National Register of Historic Places site since 2004 creates a distinct governance layer: the Association must satisfy both New York State cemetery regulations and historic preservation standards. This dual obligation — running a regulated perpetual-care trust alongside a landmarked cultural venue — shapes a conservative allocation posture rarely observed in institutional portfolios that lack a physical-plant liability of this scale.

General information

Firm type

Endowment / Foundation

Year founded

1875

Location

Region

North America

Country

United States

City

New York

Corporate office

Kew Gardens, NY, United States

Principals

Phillip Rash-Flynn

President

Tsai Chiu Lee

Treasurer

Bonnie Dixon

Executive Vice President

Carl Ballenas

President of the Friends of Maple Grove Cemetery

Shahriar Hossain

President of the Friends of Maple Grove Cemetery

Sector focus

Real EstateInfrastructure

Frequently asked questions

Who oversees investment decisions for Maple Grove Cemetery's endowment?

The Maple Grove Cemetery Association's board, led by President Phillip Rash-Flynn and Treasurer Tsai Chiu Lee, governs the endowment and permanent maintenance funds (Altss research). Specific investment committee members are not publicly identified. The Association's leadership team blends operational cemetery management with fiduciary oversight of the portfolio.

How does Maple Grove's perpetual-care obligation shape its investment strategy?

New York State law requires cemeteries to maintain a permanent maintenance fund to care for grounds in perpetuity. Maple Grove's endowment must generate reliable income for landscaping, building upkeep, and grave care across 65 acres. This liability tilts the portfolio toward capital preservation and income-producing assets, with exposure to buyout and fund-of-funds strategies (Altss research).

What is the relationship between the Maple Grove Cemetery Association and the Friends of Maple Grove?

The Friends of Maple Grove Cemetery is a separate 501(c)(3) nonprofit that raises funds for restoration, historical preservation, and community events at the cemetery. Carl Ballenas, a local historian, and Shahriar Hossain have served as president of the Friends. The Association handles cemetery operations and the endowment; the Friends support programming and capital projects without fiduciary authority over the endowment.

Does Maple Grove invest directly in real estate beyond its own cemetery grounds?

There is no public evidence that the endowment makes direct real estate acquisitions beyond the 65-acre Kew Gardens campus and the structures on it, including the Victorian Administration Building and the Center at Maple Grove. The endowment's strategy is described as buyout, growth, and fund-of-funds, with no separate real-asset vehicle disclosed (Altss research).

What role does Maple Grove play as a cultural institution in Queens?

Maple Grove operates the Center at Maple Grove, a community venue that hosts concerts, art exhibitions, and educational programs. The cemetery maintains a Victorian Monumental Park Collection and an art collection on the grounds. Its historical archives are housed at Columbia University Libraries. The site has been on the National Register of Historic Places since 2004.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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