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Joseph Safra Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2002. The principal officer is Carlos Bertaco. It holds total assets of $28.5M. Annual income is reported at $15.2M. Total assets have grown from $15.2M in 2011 to $22.4M in 2023. The foundation is governed by 5 officers and trustees. Please note, the foundation is not involved in any direct activities, its primary purpose is the support by contribution to other organizations exempt under. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Joseph Safra Foundation Inc. has made 4 grants totaling $32.2M, with a median grant of $7.2M. Annual giving has grown from $6.3M in 2021 to $11.6M in 2023. Grantmaking activity was highest in 2022 with $14.3M distributed across 2 grants. Individual grants have ranged from $6.3M to $11.6M, with an average award of $8.1M. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Please note, the foundation is not involved in any direct activities, its primary purpose is the support by contribution to other organizations exempt under
Internal revenue code section 501(c)(3)
Please note, the foundation is not involved in any direct activities, its primary purpose is the support by contribution to other organizations exempt under. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NY.
Joseph Safra Foundation Inc. has distributed a total of $32.2M across 4 grants. The median grant size is $7.2M, with an average of $8.1M. Individual grants have ranged from $6.3M to $11.6M.
Joseph Safra Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Joseph Safra Foundation Inc. is headquartered in NEW YORK, NY.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Vicky Safra | DIRECTOR, PART TIME | $0 | $0 | N/A |
| Jacob Safra | DIRECTOR, PART TIME | $0 | $0 | N/A |
| David Safra | DIRECTOR, PART TIME | $0 | $0 | N/A |
| Steven Montague | DIRECTOR, PART TIME | $0 | $0 | N/A |
| Carlos Bertaco | DIRECTOR, PART TIME | $0 | $0 | N/A |
Total Giving
$11.6M
Total Assets
$22.4M
Fair Market Value
$22.3M
Net Worth
$22.4M
Grants Paid
$11.6M
Contributions
$9.5M
Net Investment Income
$1.3M
Distribution Amount
$1.1M
Total: $2.5M
Total Revenue
$10M
990PF · 2023
Total Expenses
$11.6M
990PF · 2023
Total Assets
$22.4M
990PF · 2023
Net Assets
$22.4M
990PF · 2023
Total Grants
4
Total Giving
$32.2M
Average Grant
$8.1M
Median Grant
$7.2M
Unique Recipients
1
Most Common Grant
$7.2M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Statement AttachedCHARITABLE PURPOSES. | Variouus, NY | $11.6M | 2023 |