//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Coral Reef Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1978. The principal officer is The Foundation. It holds total assets of $26K. Annual income is reported at $380K. Total assets have grown from $28K in 2011 to $55K in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Coral Reef Foundation has made 5 grants totaling $41.6M, with a median grant of $10K. Annual giving has grown from $10K in 2020 to $41.6M in 2022. Individual grants have ranged from $10K to $20.8M, with an average award of $8.3M. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Coral Reef Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NY.
Coral Reef Foundation has distributed a total of $41.6M across 5 grants. The median grant size is $10K, with an average of $8.3M. Individual grants have ranged from $10K to $20.8M.
Coral Reef Foundation typically selects its grantees rather than accepting unsolicited proposals.
Coral Reef Foundation is headquartered in NEW YORK, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Beverly F Chase | MMBR/DIR/PRES&TREAS,SEC THRU 11/7/23 | $0 | $0 | N/A |
| Olga Mullakandova | SECRETARY (AS OF 11/7/23) | $0 | $0 | N/A |
Total Giving
$424K
Total Assets
$55K
Fair Market Value
$55K
Net Worth
$55K
Grants Paid
$400K
Contributions
$390K
Net Investment Income
N/A
Distribution Amount
$4K
Total Grants
5
Total Giving
$41.6M
Average Grant
$8.3M
Median Grant
$10K
Unique Recipients
1
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Metropolitan Museum Of ArtTO BE ADDED TO A PREVIOUSLY ESTABLISHED ENDOWMENT FUND AT THE METROPOLITAN MUSEUM OF ART | New York, NY | $20.8M | 2022 |