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Arete Foundation is a private trust based in PHILADELPHIA, PA. The foundation received its IRS ruling in 1986. It holds total assets of $42.6M. Annual income is reported at $9.2M. Total assets have decreased from $82.1M in 2010 to $42.6M in 2023. The foundation is governed by 4 officers and trustees. Contributions to tax exempt educational organizations (17). According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in New York, Pennsylvania and Maine. According to available records, Arete Foundation has made 140 grants totaling $38.4M, with a median grant of $100K. Annual giving has decreased from $10M in 2020 to $6.3M in 2023. Grantmaking activity was highest in 2022 with $14.9M distributed across 50 grants. Individual grants have ranged from $1K to $2.6M, with an average award of $274K. The foundation has supported 40 unique organizations. The foundation primarily supports organizations in New York, Pennsylvania, New Jersey, which account for 76% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$115K
Average Grant
$250K
Largest Grant
$1.5M
Based on 29 grants from the most recent 990-PF filing.
Contributions to tax exempt educational organizations (21)
Expenses: $2.7M
Contributions to tax exempt charitable organizations (24)
Expenses: $3.4M
Contributions to tax exempt religious organizations (2)
Expenses: $140K
Contributions to tax exempt literary
Expenses: $8K
Contributions to tax exempt educational organizations (17). Based on available records, the foundation has funded 140 grants. Its grantmaking reaches organizations primarily in NY, PA, NJ.
Arete Foundation has distributed a total of $38.4M across 140 grants. The median grant size is $100K, with an average of $274K. Individual grants have ranged from $1K to $2.6M.
Arete Foundation typically selects its grantees rather than accepting unsolicited proposals.
Arete Foundation is headquartered in PHILADELPHIA, PA. While based in PA, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Edward E Cohen | TRUSTEE, AS REQUIRED | $0 | $0 | N/A |
| Daniel G Cohen | TRUSTEE, AS REQUIRED | $0 | $0 | N/A |
| Jonathan Z Cohen | TRUSTEE, AS REQUIRED | $0 | $0 | N/A |
| Betsy Z Cohen | TRUSTEE, AS REQUIRED | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$42.6M
Fair Market Value
N/A
Net Worth
$35.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
140
Total Giving
$38.4M
Average Grant
$274K
Median Grant
$100K
Unique Recipients
40
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversityEDUCATIONALSUPPORT FOR HADRIAN'S VILLA PROGRAM | New York, NY | $25K | 2023 |
| VariousVARIOUS | Various, PA | $1.4M | 2023 |
| The Metropolitan Opera Association IncCHARITABLESUPPORT FOR PHASE III CAMPAIGN FOR THE MET: SECURING THE FUTURE; FY 21 UNRESTRICTED GIFT; MET STARS CONCERT | New York, NY | $1.3M | 2023 |
| Columbia University Office Of Global InitativesEDUCATIONALENDOW ARETE FOUDNATION FELLOWSHIP FUND AND UNRESTRICTED GIFT | New York, NY | $756K | 2023 |
| Asia SocietyCHARITABLESUPPORT FOR ASIA GAME CHANGERS FY 2020; SUPPORT FOR DANNIEL RUSSELL WORK; SUPPORT FOR ABIGAIL COHEN FELLOWSHIP IN DOCUMENTARY PHOTOGRAPHY; SUPPORT FOR HONG KONG 30TH ANNIVERSARY VIRTUAL GALA | New York, NY | $614K | 2023 |
| University Of PennsylvaniaEDUCATIONALSUPPORT FOR ARETE GORDON EXPEDITION FUND; PENN LECTURES WORLD TERM FUND ADN WORLD ENDOWED FUND | Philadelphia, PA | $553K | 2023 |
| The Metropolitan Museum Of ArtEDUCATIONALSUPPORT FOR CHAIRMAN'S COUNCIL 2019-2020; EMERGENCY RELIEF FUND, INTERNSHIPS, DEIA STRATEGIC PLAN AND WOMEN AND THE CRITICAL EYE PROGRAM | New York, NY | $370K | 2023 |
| The Public TheaterCHARITABLESUPPORT FOR CAPITAL CAMPAIGN; 2020 ANNUAL OPERATING SUPPORT; AND GALA | New York, NY | $300K | 2023 |
| American Numismatic SocietyCHARITABLEFY 2019-FY 2021 GENERAL OPERATING BUDGET | New York, NY | $155K | 2023 |
| University Of ChicagoEDUCATIONALSUPPORT FOR ABIGAIL COHEN FELLOWSHIP AND UNRESTRICTED GIFT | Chicago, IL | $150K | 2023 |
| Lincoln Center Theater The Vivian Beaumont Theater IncCHARITABLESUPPORT FOR LINCTIX PORGRAM; LCT3 NEW ARTISTS/AUDIENCES PROGRAM AND UNRESTRICTED GIFT | New York, NY | $150K | 2023 |
| The American School Of Classical Studies At AthensEDUCATIONALSUPPORT FOR GALA 2020, FELLOWSHIP PROGRAM AND LORING HALL RENOVATION PROJECT | Princeton, NJ | $150K | 2023 |
| City SquashCHARITABLEGENERAL OPERATING SUPPORT | Bronx, NY | $100K | 2023 |
| The East Harlem SchoolEDUCATIONALGENERAL OPERATING SUPPORT | New York, NY | $100K | 2023 |
| Park Avenue SynagogueRELIGIOUSGENERAL OPERATING SUPPORT | New York, NY | $40K | 2023 |
| Marie Selby Botanical GardensCHARITABLEGENERAL OPERATING SUPPORT | Sarasota, FL | $25K | 2023 |
| The Barnes FoundationEDUCATIONALSUPPORT FOR BARNES ART BALL; CHAIRMAN'S CIRCLE AND SECOND CENTURY CAMPAIGN | Philadelphia, PA | $25K | 2023 |
| The Brearley SchoolEDUCATIONALSUPPORT FOR PARENTS ASSOCIATION BENEFIT AND ANNUAL FUND | New York, NY | $10K | 2023 |
| Islesboro Island TrustCHARITABLEGENERAL OPERATING SUPPORT | Islesboro, ME | $10K | 2023 |
| Islesboro Community CenterCHARITABLEGENERAL OPERATING SUPPORT | Islesboro, ME | $10K | 2023 |
| The Economic Club Of New YorkEDUCATIONAL GENERAL OPERATING SUPPORT | New York, NY | $3K | 2023 |
| ArtsmartEDUCATIONALSUPPORT FOR ARTS EDUCATION AND YOUTH MENTORSHIP PROGRAM | Philadelphia, PA | $2K | 2023 |
| Glimmerglass Opera Theatre IncCHARITABLEGENERAL OPERATING SUPPORT | Cooperstown, NY | $200K | 2022 |