Alfa Foundation
- Assets
- $24.6m
- Revenue
- $1.7m
- Investments
- $23.5m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 13-7228276
Organization Overview
Alfa Foundation is located in Greenwich, CT. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfa Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Alfa Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Alfa Foundation has awarded 76 individual grants totaling $15,565,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Fayed Trustee | 0.5 | $0 | |
Pier Stiny Executive | 1 | $0 | |
James Fayed Trustee | 0.25 | $0 | |
Sammy Fayed Trustee | 0.25 | $0 | |
Liam Fayed Trustee | 0.25 | $0 | |
Tracy Fayed Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $734,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $988,445 |
| Capital Gain Net Income | $988,445 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,722,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,590 |
| Total operating and administrative expenses | $103,001 |
| Contributions, gifts, grants paid | $1,850,000 |
| Total expenses and disbursements | $1,953,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,116,288 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,634,213 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alfa Foundation has awarded $1,850,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MEDICINE (ROBERT J LUCHI CLINICAL CHAIR IN GERIATRICS) PURPOSE: TO SUPPORT MEDICAL RESEARCH DIRECTED TOWARD THE ROBERT J. LUCHI CLINICAL CHAIR IN GERIATRICS | $100,000 |
BRUNSWICK SCHOOL PURPOSE: SUPPORT FOR ACADEMIC AND EXTRACURRICULAR ACTIVITIES TO BOYS IN THE BROADER COMMUNITIES | $250,000 |
COLUMBIA UNIVERSITY (OPTHALMOLOGY ANNUAL FUND UNRESTRICTED) PURPOSE: TO SUPPORT THE OPHTHALMOLOGY FUND | $100,000 |
COLUMBIA UNIVERSITY MEDICAL CENTER (CCTI) PURPOSE: SUPPORT FOR PROVIDING HEALTH CARE RESEARCH IN HUMAN IMMUNOLOGY | $250,000 |
CO-OPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE INC (CARE INC) PURPOSE: TO SUPPORT THE UKRAINE CRISIS FUND | $200,000 |
COLUMBIA UNIVERSITY MEDICAL CENTER (CUIMCOCCC) PURPOSE: SUPPORT FOR PROVIDING HEALTH CARE RESEARCH | $250,000 |