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Berkowitz Contemporary Foundation Inc. is a private corporation based in CORAL GABLES, FL. The foundation received its IRS ruling in 2014. The principal officer is % Chloe Berkowitz. It holds total assets of $82.3M. Annual income is reported at $11M. THE FOUNDATION ENTERED INTO AN ART LOAN AGREEMENT WITH A LOCAL MUSEUM TO DISPLAY ARTWORK ACQUIRED BY THE FOUNDATION. THIS WILL ENABLE THE ART TO BE VIEWED FOR THE PUBLIC BENEFIT AND EDUCATE A DIVERSE PUBLIC AUDIENCE THROUGH CONTEMPORARY ART. According to available records, Berkowitz Contemporary Foundation Inc. has made 42 grants totaling $3.8M, with a median grant of $50K. Annual giving has grown from $995K in 2020 to $2.8M in 2022. Individual grants have ranged from $100 to $1M, with an average award of $91K. The foundation has supported 29 unique organizations. The foundation primarily supports organizations in Arizona, Florida, New York, which account for 93% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
THE FOUNDATION ENTERED INTO AN ART LOAN AGREEMENT WITH A LOCAL MUSEUM TO DISPLAY ARTWORK ACQUIRED BY THE FOUNDATION. THIS WILL ENABLE THE ART TO BE VIEWED FOR THE PUBLIC BENEFIT AND EDUCATE A DIVERSE PUBLIC AUDIENCE THROUGH CONTEMPORARY ART.
Expenses: $1.9M
THE FOUNDATION ENTERED INTO AN ART LOAN AGREEMENT WITH A LOCAL MUSEUM TO DISPLAY ARTWORK ACQUIRED BY THE FOUNDATION. THIS WILL ENABLE THE ART TO BE VIEWED FOR THE PUBLIC BENEFIT AND EDUCATE A DIVERSE PUBLIC AUDIENCE THROUGH CONTEMPORARY ART. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in AZ, FL, NY.
Berkowitz Contemporary Foundation Inc. has distributed a total of $3.8M across 42 grants. The median grant size is $50K, with an average of $91K. Individual grants have ranged from $100 to $1M.
Berkowitz Contemporary Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Berkowitz Contemporary Foundation Inc. is headquartered in CORAL GABLES, FL. While based in FL, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Chloe Berkowitz | DIRECTOR, PRESIDENT | $88K | $0 | $88K |
| Tracey Berkowitz | DIRECTOR, VICE PRESIDENT, SECRETARY | $0 | $0 | $0 |
| Bruce Berkowitz | DIRECTOR, CHAIRPERSON | $0 | $0 | $0 |
| Daniel Berkowitz | DIRECTOR | $0 | $0 | $0 |
| Wayne Kellner | TREASURER | $0 | $0 | $0 |
Total Giving
$1.9M
Total Assets
$65M
Fair Market Value
$65.1M
Net Worth
$65M
Grants Paid
$1.4M
Contributions
$12.1M
Net Investment Income
$224K
Distribution Amount
$0
Total Grants
42
Total Giving
$3.8M
Average Grant
$91K
Median Grant
$50K
Unique Recipients
29
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| SkowheganGENERAL PURPOSE | New York, NY | $25K | 2020 |
| Skystone FoundationGENERAL PURPOSE | Flagstaff, AZ | $1M | 2022 |
| Cultural Arts AllianceGENERAL PURPOSE | Santa Rosa Beach, FL | $100K | 2022 |
| Walton Education FoundationGENERAL PURPOSE | Defuniak Springs, FL | $100K | 2022 |
| Institute Of Contemporary ArtGENERAL PURPOSE | Miami, FL | $88K |
SANTA MONICA, CA
MIAMI BEACH, FL
NEW YORK, NY
NEW YORK, NY
MONTCLAIR, NJ
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL
| 2022 |
| Dia Center For The ArtsGENERAL PURPOSE | New York, NY | $54K | 2022 |
| University Of MiamiGENERAL PURPOSE | Coral Gables, FL | $50K | 2022 |
| Coalition For The HomelessGENRAL PURPOSE | New York, NY | $10K | 2022 |
| Florida International University FoundationGENERAL PURPOSE | Miami, FL | $4K | 2022 |
| Artists Rights SocietyGENERAL PURPOSE | New York, NY | $100 | 2022 |
| United States ArtistsGENERAL PURPOSE | Chicago, IL | $100K | 2020 |
| Locust ProjectsGENERAL PURPOSE | Miami, FL | $75K | 2020 |
| Florida International UniversityGENERAL PURPOSE | Miami, FL | $75K | 2020 |
| Oolite ArtsGENERAL PURPOSE | Miami Beach, FL | $75K | 2020 |
| Anderson Ranch ArtsGENERAL PURPOSE | Snowmass Village, CO | $50K | 2020 |
| El Museo Del BarrioGENERAL PURPOSE | New York, NY | $50K | 2020 |
| Whitney MuseumGENERAL PURPOSE | New York, NY | $50K | 2020 |
| Friends Of The Bass MuseumGENERAL PURPOSE | Miami Beach, FL | $50K | 2020 |
| Perez Art MuseumGENERAL PURPOSE | Miami, FL | $50K | 2020 |
| Studio Museum In HarlemGENERAL PURPOSE | New York, NY | $25K | 2020 |
| Brooklyn MuseumGENERAL PURPOSE | Brooklyn, NY | $25K | 2020 |
| Artist SpaceGENERAL PURPOSE | New York, NY | $20K | 2020 |
| Bay Arts AllianceGENERAL PURPOSE | Panama City, FL | $20K | 2020 |
| Mass MocaGENERAL PURPOSE | Adams, MA | $10K | 2020 |
| The Art CouncilGENERAL PURPOSE | Brooklyn, NY | $10K | 2020 |
| Independant CuratorsGENERAL PURPOSE | New York, NY | $10K | 2020 |
| The Joe Center Of The ArtGENERAL PURPOSE | Port St Joe, FL | $10K | 2020 |
| The Parrish Art MuseumGENERAL PURPOSE | Water Mill, NY | $10K | 2020 |
| White Columns IncGENERAL PURPOSE | New York, NY | $10K | 2020 |
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