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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. Total assets have grown from N/A in 2013 to $82.3M in 2024. The foundation is governed by 5 officers and trustees. Tax records are available from 2017 to 2024. The foundation primarily funds organizations in New York and Florida. 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 Berkowitz Contemporary Foundation operates as a private operating foundation — a critical structural distinction from typical grantmaking foundations. Founded in 2013 by Bruce Berkowitz (Chairman), a Miami-based hedge-fund manager at Fairholme Capital Management, and led operationally by his daughter Chloe Berkowitz (President, salary $87,500–$107,500), BCF primarily runs its own art programs while selectively extending grants to aligned institutions. The foundation holds no open application cycle and carries a 'preselected only' classification in all major grant directories. Its IRS filings list no application instructions, deadlines, or portals. Understanding this operating-foundation model is the first strategic imperative for any prospective partner.
BCF is not scanning proposals — it is building programs. Its current flagship is the Longleaf Art Park in Walton County, Northwest Florida, a 15.5-acre open-air space anchored by Richard Serra's 270-ton sculpture 'The Passage of Time,' scheduled to open in 2026. The foundation also operates a permanent gallery space in Miami on Biscayne Boulevard, designed by architect René Gonzalez. These direct programs, not grant disbursements, are BCF's primary identity and resource allocation.
External grantmaking is real but secondary and clearly relationship-driven. Between fiscal years 2019 and 2022, grants paid ranged from $0 to $1.41M, with total giving peaking at $1.93M in FY2022. The grantee list tells the story: Oolite Arts, Locust Projects, Perez Art Museum, Bass Museum, Dia Center for the Arts, Whitney Museum, Studio Museum in Harlem, Brooklyn Museum, and University of Miami. These are peer institutions in the contemporary art ecosystem where BCF operates — not organizations that applied through a formal portal.
For first-time applicants, the pathway is relationship cultivation through shared networks. Art Basel Miami Beach (each December) represents the highest-density annual opportunity. Existing BCF grantees and University of Miami's art programs serve as warm introduction channels to Chloe Berkowitz, the operational decision-maker. BCF's stated philosophy — making art 'accessible to all walks of life' and helping artists build 'the business of art' — should frame any positioning conversation. Organizations outside the Miami or New York contemporary art institutional network face a significantly steeper entry challenge; the geographic data (FL: 47.6% of grants, NY: 40.5%) reflects an entrenched institutional map, not an open market.
Across 42 tracked grants to 29 unique organizations, BCF has distributed $3.81M total — an average of $90,671 per grant transaction. This figure is significantly skewed by a single $2M allocation to Skystone Foundation (two grants), which alone represents 52.5% of all dollars distributed. Skystone appears to be a related entity or special-purpose partner rather than a typical at-arm's-length grantee.
Excluding the Skystone outlier, the remaining $1.81M distributed across 28 organizations yields a practical median of $50,000 per organization and an average of approximately $64,600. The functional range for arts institutions is $10,000–$100,000, with the densest activity between $25,000–$75,000:
Multi-grant relationships are the norm among BCF's largest external partners: Institute of Contemporary Art (3 grants, $251,600); Cultural Arts Alliance (3 grants, $220,000); Walton Education Foundation (2 grants, $200,000); Dia Center for the Arts (3 grants, $183,400); University of Miami (3 grants, $175,000). This pattern confirms BCF treats grantmaking as ongoing institutional partnership, not one-time support.
Geographically, Florida accounts for 47.6% of grant transactions (20 of 42) and New York State 40.5% (17 of 42), with Arizona (2), Colorado (1), Massachusetts (1), and Illinois (1) representing the remainder.
Annual giving has been volatile: $410,451 (FY2019), $1.30M (FY2020), $388,666 (FY2021), and a peak of $1.93M (FY2022). The foundation held $82.3M in assets as of the most recent filing (FY2024) with $10.4M in new contributions received — primarily from Bruce Berkowitz — indicating continued capitalization and potential for increased external grantmaking as the Longleaf Art Park reaches completion in 2026.
The following table compares BCF against its four closest asset-peer foundations, all classified under Philanthropy & Grantmaking with asset bases between $82.1M and $82.5M:
| Foundation | State | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|---|
| Berkowitz Contemporary Foundation | FL | $82.3M | ~$1.4M (FY2022) | Contemporary/Modern Art, Operating | Invitation Only |
| Northlight Foundation Inc. | NY | $82.1M | Not public | Philanthropy & Grantmaking | Not public |
| Shaich Family Foundation | FL | $82.5M | Not public | Social Impact / Food Access | Not public |
| Marvy Finger Family Foundation | TX | $82.4M | Not public | Philanthropy & Grantmaking | Not public |
| Gateway Foundation Trust | MO | $82.4M | Not public | Philanthropy & Grantmaking | Not public |
BCF is distinctive among its asset peers for two reasons. First, it operates as a private operating foundation running direct programs — the Longleaf Art Park, Miami gallery space, museum loan agreements — rather than functioning purely as a pass-through grantmaker. Second, it concentrates 100% of its external giving in a single sector (contemporary art), with no diversification into health, education, or social services common among family foundations of comparable scale. The Shaich Family Foundation, founded by Panera Bread's Ron Shaich, is the most publicly active peer with a stated food-security and social-outcomes focus — representing the sharpest strategic contrast in mission and applicant pool. BCF's exclusive contemporary-art focus creates a narrow but well-networked constituency and minimal competition from generalist nonprofits.
The foundation's most consequential recent development is the Longleaf Art Park, publicly confirmed in June 2024 via The Art Newspaper. The 15.5-acre art destination in Walton County, Northwest Florida, will be permanently anchored by Richard Serra's 'The Passage of Time' (2014) — a 217-foot-long, 270-ton Cor-ten steel work and one of Serra's final major sculptures. A dedicated pavilion designed by OLI Architecture in collaboration with Serra will house the piece. Outdoor pathways, a pond, boardwalks, and event space will surround it. A 2026 opening has been confirmed; programming is being developed with BCF's operational partner, the Cultural Arts Alliance of Walton County.
This project marks a decisive pivot from an earlier Miami museum plan announced c. 2014 that was shelved following years of delays and COVID-19 disruptions. Bruce Berkowitz's role as chairman of the St. Joe Company — a Florida real estate developer — facilitated siting the park within Watersound Origins, a St. Joe development in the Florida Panhandle. A foundation spokesperson confirmed in 2024 that 'there are no current plans for a BCF-owned space in Miami, but BCF continues to work with numerous Miami-based arts organisations.'
In December 2022, Chloe Berkowitz gave a profile interview with the University of Miami's College of Arts and Sciences tied to BCF's exhibition at the Lowe Art Museum (November 2022–February 2023), exploring the theme of line in modern and contemporary art. No new leadership changes or board additions have been publicly announced as of April 2026. The ProPublica FY2024 filing shows $718,666 in total charitable disbursements and $10.4M in new contributions received.
Applicants must first accept a foundational premise: BCF does not run an open grant program. All documented grantees have existing relationships within the contemporary art ecosystem — primarily Miami and New York City institutional networks. There is no application portal, no published deadline, and no listed grants contact. The following tips reflect how the foundation actually operates.
Pursue relationships before submitting anything. Chloe Berkowitz (President) is the operational decision-maker. Her professional engagement is concentrated in Miami's art institutions and at Art Basel Miami Beach each December. Attending events co-sponsored by BCF's grantees — Oolite Arts (Miami), Locust Projects (Miami), Perez Art Museum (Miami), Bass Museum (Miami Beach), Dia Center for the Arts (NY) — is the most direct path to introduction. Phone: (305) 358-3000; Email: info@berkowitzcontemporaryfoundation.com.
Anchor your pitch in public access and democratization. Berkowitz has framed BCF's mission as making art 'accessible to all walks of life.' Proposals that emphasize underserved community engagement, free public programming, or geographic reach beyond elite audiences align directly. Institutional prestige alone is insufficient and may even work against smaller organizations.
Reference the artist career pipeline. Berkowitz has articulated a specific interest in the 'business of art' — helping working artists build professional sustainability. Programs that include artist fees, residencies, career development components, or studio infrastructure alongside exhibition programming will resonate more than exhibition-only models.
Align geographically. Florida (47.6% of grants) and New York (40.5%) are the only consistently funded states. Organizations in other geographies face a substantially higher barrier. For Florida applicants, both Miami-Dade institutions and Walton County / NW Florida organizations are now in scope, particularly during the 2026 Longleaf Art Park launch window.
Leverage existing BCF grantee relationships. A warm introduction from a BCF institutional partner — University of Miami, Cultural Arts Alliance of Walton County, Oolite Arts — carries more weight than any written proposal. Map your organization's professional network to BCF's grantee list before any direct outreach.
Frame as a multi-year partnership. BCF's top institutional partners have each received 3+ grants. Any initial conversation should position your organization as a long-term peer partner, not a one-time grant seeker.
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Smallest Grant
$10K
Median Grant
$15K
Average Grant
$20K
Largest Grant
$38K
Based on 4 grants from the most recent 990-PF filing.
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
Across 42 tracked grants to 29 unique organizations, BCF has distributed $3.81M total — an average of $90,671 per grant transaction. This figure is significantly skewed by a single $2M allocation to Skystone Foundation (two grants), which alone represents 52.5% of all dollars distributed. Skystone appears to be a related entity or special-purpose partner rather than a typical at-arm's-length grantee. Excluding the Skystone outlier, the remaining $1.81M distributed across 28 organizations yields .
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.
The Berkowitz Contemporary Foundation operates as a private operating foundation — a critical structural distinction from typical grantmaking foundations. Founded in 2013 by Bruce Berkowitz (Chairman), a Miami-based hedge-fund manager at Fairholme Capital Management, and led operationally by his daughter Chloe Berkowitz (President, salary $87,500–$107,500), BCF primarily runs its own art programs while selectively extending grants to aligned institutions. The foundation holds no open application.
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 | N/A |
| Bruce Berkowitz | DIRECTOR, CHAIRPERSON | $0 | $0 | N/A |
| Daniel Berkowitz | DIRECTOR | $0 | $0 | N/A |
| Wayne Kellner | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$82.3M
Fair Market Value
N/A
Net Worth
$82.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 | 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 |
| Oolite ArtsGENERAL PURPOSE | Miami Beach, FL | $75K | 2020 |
| Florida International UniversityGENERAL PURPOSE | Miami, FL | $75K | 2020 |
| Locust ProjectsGENERAL PURPOSE | Miami, 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 |
| Brooklyn MuseumGENERAL PURPOSE | Brooklyn, NY | $25K | 2020 |
| Studio Museum In HarlemGENERAL PURPOSE | New York, NY | $25K | 2020 |
| Artist SpaceGENERAL PURPOSE | New York, NY | $20K | 2020 |
| Bay Arts AllianceGENERAL PURPOSE | Panama City, FL | $20K | 2020 |
| Independant CuratorsGENERAL PURPOSE | New York, NY | $10K | 2020 |
| Mass MocaGENERAL PURPOSE | Adams, MA | $10K | 2020 |
| The Joe Center Of The ArtGENERAL PURPOSE | Port St Joe, FL | $10K | 2020 |
| White Columns IncGENERAL PURPOSE | New York, NY | $10K | 2020 |
| The Art CouncilGENERAL PURPOSE | Brooklyn, NY | $10K | 2020 |
| The Parrish Art MuseumGENERAL PURPOSE | Water Mill, NY | $10K | 2020 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL