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Foundation For Arts Initiatives is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1964. It holds total assets of $32.2M. Annual income is reported at $14.2M. Total assets have grown from $18.2M in 2010 to $30M in 2022. The foundation is governed by 11 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. 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 and California. According to available records, Foundation For Arts Initiatives has made 223 grants totaling $4.2M, with a median grant of $10K. Annual giving has grown from $1.3M in 2021 to $3M in 2022. Individual grants have ranged from $3K to $70K, with an average award of $19K. The foundation has supported 138 unique organizations. Grants have been distributed to organizations in New York and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$20K
Average Grant
$21K
Largest Grant
$70K
Based on 82 grants from the most recent 990-PF filing.
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.
Foundation For Arts Initiatives primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 223 grants. Its grantmaking reaches organizations primarily in NY, CA.
Foundation For Arts Initiatives has distributed a total of $4.2M across 223 grants. The median grant size is $10K, with an average of $19K. Individual grants have ranged from $3K to $70K.
Foundation For Arts Initiatives typically selects its grantees rather than accepting unsolicited proposals.
Foundation For Arts Initiatives is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joan Weakley | SECRETARY | $138K | $0 | $138K |
| Vasif Kortun | CHAIRPERSON, TREASURER & BOARD MEMBER | $15K | $0 | $15K |
| Maria Lind | BOARD MEMBER | $10K | $0 | $10K |
| Alessandro Petti | BOARD MEMBER | $10K | $0 | $10K |
| William Wells | BOARD MEMBER | $10K | $0 | $10K |
| Manuel J Borja-Villel | BOARD MEMBER | $10K | $0 | $10K |
| Frederick B Henry | BOARD MEMBER | $10K | $0 | $10K |
| Sabina Sabolovic | BOARD MEMBER | $10K | $0 | $10K |
| Ann Philbin | BOARD MEMBER | $10K | $0 | $10K |
| Claire Hsu | BOARD MEMBER (RESIGNED 11/2022) | $5K | $0 | $5K |
| Zoe Butt | BOARD MEMBER (ELECTED 2/2023) | $5K | $0 | $5K |
Total Giving
$2M
Total Assets
$30M
Fair Market Value
$30M
Net Worth
$29.9M
Grants Paid
$1.3M
Contributions
N/A
Net Investment Income
$412K
Distribution Amount
$1.4M
Total: $27.3M
Total Grants
223
Total Giving
$4.2M
Average Grant
$19K
Median Grant
$10K
Unique Recipients
138
Most Common Grant
$8K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Lebanese Association For Plastic Arts Ashkal AlwanGENERAL ACTIVITIES AND PROGRAM SUPPORT | Beirut | $60K | 2022 |
| Fundacion Mapa TeatroGENERAL ACTIVITIES AND PROGRAM SUPPORT | Bogota | $50K | 2022 |
| Laboratory For The Urban CommonsINSTITUTIONAL SUPPORT | Halandri Attiki | $50K | 2022 |
| What How And For WhomwhwWHW AKADEMIJA INTERNATIONAL ART STUDY PROGRAM | Zagreb | $50K | 2022 |
| Reseau Conceptualisme Du Sud Red Conceptualismos Del Sur (Rcs)GENERAL ACTIVITIES AND PROGRAM SUPPORT | Paris | $50K | 2022 |
| Anadolu Kultur Sanat Tanitim Iletisim Yayin Bilgisayar Egitim DanismanlikINSTITUTIONAL SUPPORT FOR DEPO | Elmadag Istanbul | $50K | 2022 |
| Muzeum Sztuki Nowoczesnej W Waszawie (Museum Of Modern Art In Warsaw)INSTITUTIONAL SUPPORT | Warsaw | $50K | 2022 |
| Fondacioni LumbardhiINSTITUTIONAL SUPPORT | Prizren | $50K | 2022 |
| Institute Of Radical ImaginationINSTITUTIONAL SUPPORT | Naples | $50K | 2022 |
| Fundacion Arkhe Archivos De Arte LatinoamericanoGENERAL ACTIVITIES AND PROGRAM SUPPORT | Bogota | $50K | 2022 |
| Fundacion Casa Tres PatiosGENERAL ACTIVITIES AND PROGRAM SUPPORT | Medellin | $50K | 2022 |
| 0x2620 EvSUPPORT FOR ONLINE VIDEO ARCHIVE PAD.MA | Berlin | $50K | 2022 |
| Instituto Cultural Israelita BrasileiroCASA DO POVO PROGRAMS | Bom Retiro Sao Paulo | $40K | 2022 |
| Espacio De Investigaciones FeministasGENERAL ACTIVITIES AND PROGRAM SUPPORT | Madrid | $40K | 2022 |
| Asociacion Cultural Todo Por La Praxis"PIPA!" PROJECT | Madrid | $35K | 2022 |
| Fundacion De Los ComunesINSTITUTIONAL SUPPORT | Madrid | $30K | 2022 |
| Chto Delat EvINSTITUTIONAL SUPPORT | Berlin | $30K | 2022 |
| Asociatia Salonul De Proiecte"IMAGE, PRESS, AND PUBLIC SPACE" PROJECT | Bucharest | $30K | 2022 |
| Al Ma'Mal Foundation For Contemporary ArtINSTITUTIONAL SUPPORT | Jerusalem | $30K | 2022 |
| Associazione Culturale AkaSALE DOCKS GENERAL ACTIVITIES AND PROGRAM SUPPORT | Venice | $30K | 2022 |
| Fundacion Arte Y SolidaridadINSTITUTIONAL SUPPORT FOR MUSEO DE LA SOLIDARIDAD SALVADOR ALLENDE | Santiago | $30K | 2022 |
| Archive Kabinett EvGENERAL ACTIVITIES AND PROGRAM SUPPORT | Berlin | $30K | 2022 |
| Arab Image FoundationINSTITUTIONAL SUPPORT | Beirut | $30K | 2022 |
| Cona ProjectsGENERAL ACTIVITIES AND PROGRAM SUPPORT | Mumbai Maharashtra | $25K | 2022 |
| Fundacja Katarzyny KozyryGENERAL ACTIVITIES AND PROGRAM SUPPORT | Warsaw | $25K | 2022 |
| Europaisches Institut Fur Progressive Kulturpolitik (Eipcp)INSTITUTIONAL SUPPORT | Vienna | $25K | 2022 |