American Foundation for the Arts Inc

MIAMI, FL EIN: 51-0166808

American Foundation for the Arts Inc is a private foundation, based in MIAMI, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $228K in total assets. In 2024, it awarded 7 grants totaling $89K. Net investment income was $4K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$228K

+55.4% YoY

Annual Giving

$89K

+303.7% YoY

Grant Count

7

+75.0% YoY

Avg Grant Size

$13K

+130.7% YoY

About American Foundation for the Arts Inc

Based on IRS filings

American Foundation for the Arts Inc is a private foundation, based in MIAMI, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $228K in total assets. In 2024, it awarded 7 grants totaling $89K. Net investment income was $4K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Cities

ArlingtonBoulderBoys TownChamberlainCoral GablesDallasFort LauderdaleFt LauderdaleMiamiMiami BeachNew YorkWashingtonWilton Manors

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$72K$145K$217K$290K20202021202220232024
Metric202420232022
Total Assets$228,240$146,914$198,119
Revenue$263,474$-69,851$102,755
Expenses$167,685$32,284$60,377
Qualifying Distributions$89,110$22,436$35,095
Net Investment Income$3,891
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K20 grants202029 grants202113 grants20224 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Marcus Mihaila$72KPaolo Barone$10KCyrus Ahaneen$4KLuz Querubin$2KIsland City Stage Inc$1KVarious$755WLRN$200

Grant Size Distribution

73 grants across all recorded years

72<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Marcus Mihaila ($71,500), Paolo Barone ($10,000), Cyrus Ahaneen ($3,500).

RecipientPurposeAmount
Island City Stage Inc Wilton Manors, FLSupport Arts.$1,000
WLRN Miami, FLSupport Arts Artists and Charitable Purposes of Donee.$200
Various Miami, FLSupport Arts Artists.$755
Cyrus Ahaneen Miami, FLSupport Arts Artist.$3,500
Paolo Barone Miami, FLSupport Arts Artist$10,000
Marcus Mihaila Miami, FLSupport Arts and Artist. Employment - Also had assisted manage; officer in 2025$71,500
Luz Querubin Miami, FLSupport Arts Artist. Foundation Maintenance.$1,600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
Richard LevineP D Mgr T1.92
Alfredo GonzalezCeased1.92

Frequently Asked Questions

How large is American Foundation for the Arts Inc?

As of 2024, American Foundation for the Arts Inc holds $228K in total assets with $263K in annual revenue. It awarded 7 grants totaling $89K in 2024.

Where does American Foundation for the Arts Inc operate?

American Foundation for the Arts Inc has awarded grants in Colorado, District of Columbia, Florida, Nebraska, New York, South Dakota, Texas, Virginia.

What size grants does American Foundation for the Arts Inc award?

In 2024, American Foundation for the Arts Inc awarded 7 grants totaling $89K — an average of about $13K per grant, based on its IRS Form 990 filings.

What is American Foundation for the Arts Inc's EIN?

American Foundation for the Arts Inc's EIN (Employer Identification Number) is 51-0166808. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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