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Fubu Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1999. The principal officer is Joseph B Rosenberg. It holds total assets of $67K. Annual income is reported at $110K. Total assets have grown from $3K in 2011 to $27K in 2023. The foundation is governed by 3 officers and trustees. To free underprivileged youth from the oppression of poverty, racism and discrimination by promoting and supporting the arts, culture, science and education, and to do any acts or things incidental or connected with or in advancement thereof. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, Fubu Foundation Inc. has made 12 grants totaling $91K, with a median grant of $5K. Annual giving has decreased from $59K in 2023 to $33K in 2024. Individual grants have ranged from $1K to $31K, with an average award of $8K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in New York, Pennsylvania, South Carolina, which account for 58% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
To free underprivileged youth from the oppression of poverty, racism and discrimination by promoting and supporting the arts, culture, science and education, and to do any acts or things incidental or connected with or in advancement thereof.
Expenses: N/A
To free underprivileged youth from the oppression of poverty, racism and discrimination by promoting and supporting the arts, culture, science and education, and to do any acts or things incidental or connected with or in advancement thereof.
To free underprivileged youth from the oppression of poverty, racism and discrimination by promoting and supporting the arts, culture, science and education, and to do any acts or things incidental or connected with or in advancement thereof. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NY, PA, SC.
Fubu Foundation Inc. has distributed a total of $91K across 12 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $1K to $31K.
Fubu Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Fubu Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Daymond John | PRESIDENT | $0 | $0 | N/A |
| Bruce Weisfeld | SECRETARY | $0 | $0 | N/A |
| Norman Weisfeld | TREASURER | $0 | $0 | N/A |
Total Giving
$62K
Total Assets
$27K
Fair Market Value
$27K
Net Worth
$27K
Grants Paid
$33K
Contributions
$2K
Net Investment Income
N/A
Distribution Amount
$947
Total Grants
12
Total Giving
$91K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
11
Most Common Grant
$5K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hip Hop Summit Youth CouncilTO SUPPORT NON PROFIT ACTIVITIES | Jamaica, NY | $10K | 2024 |
| Helping Our People EmergeTO SUPPORT NON PROFIT ACTIVITIES | Mauldin, SC | $10K | 2024 |
| Julia'S Grace FoundationTO SUPPORT NON PROFIT ACTIVITIES | Royersford, PA | $5K | 2024 |
| National Great Blacks In Wax MuseumTO SUPPORT NON PROFIT ACTIVITIES | Baltimore, MD | $5K | 2024 |
| Austin Public Education FoundationTO SUPPORT NON PROFIT ACTIVITIES | Austin, TX | $3K | 2024 |
| Maimonaides Biblical FoundationTO SUPPORT NON PROFIT ACTIVITIES | Brooklyn, NY | $10K | 2023 |
| Sandy Rollman Ovarian Cancer FoundaTO SUPPORT NON PROFIT ACTIVITIES | Wynnewood, PA | $5K | 2023 |
| Danny'S Miracle Angel NetworkTO SUPPORT NON PROFIT ACTIVITIES | Berkley, MI | $5K | 2023 |
| Glory Organized CompanyTO SUPPORT NON PROFIT ACTIVITIES | Stone Mountain, GA | $5K | 2023 |
| St Mary Magdalene ChurchTO SUPPORT NON PROFIT ACTIVITIES | Jamaica, NY | $2K | 2023 |
| Character Avenue LlcTO SUPPORT NON PROFIT ACTIVITIES | Arlington, TX | $1K | 2023 |