Jerome & Lorraine Aresty Charitable Foundation

Organization Overview

Jerome & Lorraine Aresty Charitable Foundation is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.

For the year ending 12/2020, Jerome & Lorraine Aresty Charitable Foundation generated $73.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $33.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Jerome & Lorraine Aresty Charitable Foundation has awarded 263 individual grants totaling $45,631,562. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $7
Dividends & Interest $32,529
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $41,197
Total Revenue $73,733

Grants Awarded

Over the last fiscal year, Jerome & Lorraine Aresty Charitable Foundation has awarded $33,660,744 in support to 2 organizations.

Grant RecipientAmount

New York, NY

PURPOSE: TO TRANSFER ASSETS TO THE KUSTEL FUND

$16,855,599

THE ARESTY FAMILY FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: TO TRANSFER ASSETS TO THE ARESTY FAMILY FOUNDATION

$16,805,145
View Grant Profile

Peer Organizations

Organization NameAssets
William Penn Foundation
Philadelphia, PA
$175,834,650
The Heinz Endowments
Pittsburgh, PA
$54,378,087
Zoom Foundation
Greenwich, CT
$176,914,821
Fidelity Foundation
Boston, MA
$803,389,715
Klarman Family Foundation
Boston, MA
$145,872,662
Druckenmiller Foundation
New York, NY
$402,828,458
Rockefeller Brothers Fund Inc
New York, NY
$94,665,303
Adelson Family Foundation
Needham, MA
$49,822,227
Anna Maria And Stephen Kellen Foundation Inc
New York, NY
$57,361,611
The Wallace Foundation
New York, NY
$114,535,478
Oberkotter Foundation
Philadelphia, PA
$23,009,013
Stephen A Schwarzman Foundation
New York, NY
$61,557,254

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