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EIN 98-6000319

Foundation for Arts Initiatives

IRS 501(c) type
501(c)(3)
Num. employees
1
City
New York
State
New York
Year formed
1964
Most recent tax filings
2023-08-01
NTEE code, primary
T20: Private Foundations
Description
Foundation for Arts Initiatives is a private foundation located in New York, NY. Grantees include Arab Image Foundation. Made 82 grants last year. Trustees are Vasif Kortun, Marie-Claude Beaud, Manuel J Borja-Villel.
Total revenues
$-550,507
2023
Total expenses
$1,954,321
2023
Total assets
$30,010,208
2023
Num. employees
1
2023

Grants made by Foundation for Arts Initiatives

GranteeGrant descriptionAmount
Arab Image Foundation (AIF)Institutional Support$30,000
Writers BlokTresnjevka Neighborhood Museum Without Walls Project$20,000
Scapes Landscape ChoreographyPublication of Ten-Year History of Macao Art Center$15,000

Personnel at Foundation for Arts Initiatives

NameTitleCompensation
Vasif KortunChairperson$15,000
Joan WeakleySecretary$138,000

Financials for Foundation for Arts Initiatives

RevenuesFYE 08/2023
Total grants, contributions, etc.$0
Investment income and dividends$604,620
Net rental income$0
Net gain from sale of non-inventory assets$-1,155,127
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$-550,507

Form 990s for Foundation for Arts Initiatives

Fiscal year endingDate received by IRSFormPDF link
2023-082024-07-01990PFView PDF
2022-082023-07-07990PFView PDF
2021-082022-07-11990PFView PDF
2020-082021-07-14990PFView PDF
2019-082020-11-09990PFView PDF
...and 8 more Form 990s
Data update history
August 26, 2024
Posted financials
Added Form 990PF for fiscal year 2023
August 26, 2024
Updated personnel
Identified 1 new personnel
August 25, 2024
Used new vendors
Identified 1 new vendor, including
August 24, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 19, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
375 Greenwich St
New York, NY 10013
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
ffaiarts.net/ 
Phone
(212) 267-8334
IRS details
EIN
98-6000319
Fiscal year end
August
Taxreturn type
Form 990-PF
Year formed
1964
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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