//
Paestum Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1999. The principal officer is % M Hecht. It holds total assets of $51M. Annual income is reported at $16.9M. MAINTAINING A COLLECTION OF WORKS OF ART AND PHOTOGRAPHS FOR EXHIBITION AND LOAN TO MUSEUMS.THE PURPOSES FOR WHICH THE FOUNDATION WAS FORMED ARE TO PROMOTE AND ENCOURAGE KNOWLEDGE AND APPRECIATION OF ART, IRRESPECTIVE OF ITS MEDIUM, BY EXHIBITION AND OTHER PROMOTION THEREOF AND BY AID AND SUPPORT BY GIFTS, LOANS, CONTRIBUTIONS OR OTHERWISE, TO OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS, FOUNDATIONS, MUSEUMS AND LIKE ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES INCLUDING, WITHOUT LIMITATION, CULTURAL AND EDUCATIONAL EXCHANGE. According to available records, Paestum Foundation Inc. has made 3 grants totaling $3.4M, with a median grant of $876K. The foundation has distributed between $1.7M and $1.7M annually from 2020 to 2021. Individual grants have ranged from $854K to $1.7M, with an average award of $1.1M. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in Ohio and Connecticut. Contributions to this foundation are tax-deductible.
MAINTAINING A COLLECTION OF WORKS OF ART AND PHOTOGRAPHS FOR EXHIBITION AND LOAN TO MUSEUMS.THE PURPOSES FOR WHICH THE FOUNDATION WAS FORMED ARE TO PROMOTE AND ENCOURAGE KNOWLEDGE AND APPRECIATION OF ART, IRRESPECTIVE OF ITS MEDIUM, BY EXHIBITION AND OTHER PROMOTION THEREOF AND BY AID AND SUPPORT BY GIFTS, LOANS, CONTRIBUTIONS OR OTHERWISE, TO OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS, FOUNDATIONS, MUSEUMS AND LIKE ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES INCLUDING, WITHOUT LIMITATION, CULTURAL AND EDUCATIONAL EXCHANGE.
Expenses: $93K
CONTINUATION OF ACTIVITY ONE - ERWISE ATTEMPTING TO INFLUENCE LEGISLATION, AND WHICH DO NOT PARTICIPATE IN OR INTERVENE IN (INCLUDING THE PUBLISHING OR DISTRIBUTION OF STATEMENTS) ANY POLITICAL CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE. THE ACTIVITIES OF THE FOUNDATION OR ANY OF SUCH ORGANIZATIONS DESCRIBED IN THE FOREGOING SENTENCE MAY INCLUDE, WITHOUT LIMITATION, EXHIBITION, EXCHANGE AND OTHER CULTURAL AND EDUCATIONAL EXPLOITATION OF ART IRRESPECTIVE OF ITS MEDIUM, PROMOTING RECOGNITION OF AND RESPECT FOR, ART THROUGH EDUCATION OF ARTISTS AND THE PUBLIC AND, GENERALLY, TO SUPPORT EFFORTS TO PROMOTE GREATER INTEREST AND UNDERSTANDING OF ART.
MAINTAINING A COLLECTION OF WORKS OF ART AND PHOTOGRAPHS FOR EXHIBITION AND LOAN TO MUSEUMS.THE PURPOSES FOR WHICH THE FOUNDATION WAS FORMED ARE TO PROMOTE AND ENCOURAGE KNOWLEDGE AND APPRECIATION OF ART, IRRESPECTIVE OF ITS MEDIUM, BY EXHIBITION AND OTHER PROMOTION THEREOF AND BY AID AND SUPPORT BY GIFTS, LOANS, CONTRIBUTIONS OR OTHERWISE, TO OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS, FOUNDATIONS, MUSEUMS AND LIKE ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES INCLUDING, WITHOUT LIMITATION, CULTURAL AND EDUCATIONAL EXCHANGE. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in OH, CT.
Paestum Foundation Inc. has distributed a total of $3.4M across 3 grants. The median grant size is $876K, with an average of $1.1M. Individual grants have ranged from $854K to $1.7M.
Paestum Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Paestum Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Hecht | DIRECTOR/SECRETARY/TREASURER | $0 | $0 | $0 |
| John Silberman | DIRECTOR/PRESIDENT | $0 | $0 | $0 |
Total Giving
$469K
Total Assets
$46.1M
Fair Market Value
$54.4M
Net Worth
$46.1M
Grants Paid
$0
Contributions
$0
Net Investment Income
$5.1M
Distribution Amount
$1.8M
Total: $32.9M
Total Grants
3
Total Giving
$3.4M
Average Grant
$1.1M
Median Grant
$876K
Unique Recipients
2
Most Common Grant
$854K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Yale University Art Gallery2 PIECES OF ARTWORK LOANED YALE UNIVERSITY ART GALLERY | New Haven, CT | $876K | 2021 |
| Fidelity CharitableGENERAL SUPPORT | Cincinnati, OH | $854K | 2021 |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
© 2026 Granted AI