Baron Family Foundation
The Baron Family Foundation is a private family foundation established in 2007 and based in New York City. It is located at 767 5th Avenue, Floor 49, New York City, NY 10153. The foundation represents the philanthropy of Ron Baron, founder of Baron Capital, and his family. The foundation was formerly known as the Baron Capital Foundation.
Key facts about Baron Family Foundation
- EIN
- 14-2004657
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,229,930
- Grants made (2024)
- 73
- Average grant
- $99,040
- Median grant
- $40,000
- New grantees (estimate)
- 41% first-time grantees (30 of 73, 2024)
- Total assets
- $51,407,764
- Primary geography
- New York (66% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Baron Family Foundation funds
By grant dollars, the top recipient states for Baron Family Foundation's 73 itemized 2024 grants were New York (66%), New Jersey (14%) and Florida (8%). The most frequent recipient cities were New York, NY (34 grants), West Palm Beach, FL (3 grants), Philadelphia, PA (3 grants) and East Hampton, NY (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Baron Family Foundation open to new grantees?
41%
first-time grantees, 2024
In 2024, 30 of 73 grantees (41%) were first-time recipients. First grants averaged $96K; repeat grants $101K. How we count
Medians: $25K first-time, $45K repeat.
- 42% of 2024 grantees were also funded in 2023. Method
- Giving grew 99% from 2021 to 2024. Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Baron Family Foundation
- How to evaluate Baron Family Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.4M
+11.4% YoY
Annual Giving
$7.2M
+29.0% YoY
Grant Count
73
-17.0% YoY
Avg Grant Size
$99K
+55.5% YoY
Under IRS private-foundation payout rules, Baron Family Foundation reported a distributable amount of $7.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly listed website and does not appear to have formally published mission or program statements. However, based on grant activity, the foundation supports initiatives in the following areas:
- Education
- Medical education and health
- Philanthropy and grantmaking
- Jewish causes and organizations
- Arts and culture
- Disease research and hospitals
The foundation demonstrates particular strength in supporting medical education and hospitals, with significant giving to institutions like Weill Medical College of Cornell University, Memorial Sloan-Kettering Cancer Center, and the Icahn School of Medicine.
Grantmaking
The Baron Family Foundation made 88 grants in 2024. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
The foundation prioritizes organizations based in New York City, where Baron Capital is headquartered. However, the foundation supports projects across multiple U.S. cities and states, including Los Angeles, Miami, Washington, and various locations in California and New York.
Grant Distribution by State
Share of all 73 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $51,407,764
- Total Revenues: $12,545,822
- Total Expenses: $7,283,806
- Total Grants Awarded: Approximately $5.6 million (88 grants)
Revenue Breakdown (2024):
- Total grants and contributions: $12,243,903
- Investment income and dividends: $7,534
The foundation experienced significant revenue growth of 60.2% in total grants and contributions compared to 2023 ($7,642,789).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,407,764 | $46,145,748 | $44,181,393 |
| Revenue | $12,545,822 | $7,682,467 | $9,278,912 |
| Expenses | $7,283,806 | $5,628,112 | $5,324,641 |
| Qualifying Distributions | $7,242,873 | $5,616,593 | $5,309,363 |
| Net Investment Income | $260,986 | $28,159 | $2,109,127 |
| Distributable Amount | $7,422,310 | $5,770,887 | $5,549,698 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
375 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Jgive- Friends of Keren Asor Fund USA Inc ($1,000,000), Fidf ($500,000), Educational Alliance ($430,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JGIVE- FRIENDS OF KEREN ASOR FUND USA INC Lublin Tr Lakewood, NJ | GENERAL SUPPORT | $1,000,000 |
| FIDF New York, NY | GENERAL SUPPORT | $500,000 |
| EDUCATIONAL ALLIANCE New York, NY | GENERAL SUPPORT | $430,000 |
| MORSELIFE FOUNDATION West Palm Beach, FL | GENERAL SUPPORT | $415,000 |
| WEILL CORNELL New York, NY | GENERAL SUPPORT | $350,000 |
| LA'ARETZ Brooklyn, NY | GENERAL SUPPORT | $325,000 |
| MAGEN DAVID ADOM New York, NY | GENERAL SUPPORT | $250,000 |
| SOUTHAMPTON HOSPITAL FOUNDATION Southampton, NY | GENERAL SUPPORT | $250,000 |
| HARMONIE PRESERVATION FOUNDATION New York, NY | GENERAL SUPPORT | $250,000 |
| EAST HAMPTON FOUNDATION East Hampton, NY | GENERAL SUPPORT | $250,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key individuals involved in the foundation include:
- Ronald Baron – Founder of Baron Capital; securities analyst and founder of his own firm in 1982. Attended Bucknell University and George Washington University Law School. Served as trustee.
- Michael R. Baron – Trustee (serves without compensation)
- David R. Baron – Trustee (serves without compensation)
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ronald Baron | Trustee | 2 | — |
| Michael R Baron | Trustee | 2 | — |
| David R Baron | Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Baron Family Foundation fund?
The foundation does not maintain a publicly listed website and does not appear to have formally published mission or program statements. However, based on grant activity, the foundation supports initiatives in the following areas: • Education • Medical education and health • Philanthropy and grantmaking • Jewish causes and organizations • Arts and culture • Disease research and hospitals The foundation demonstrates particular strength in supporting medical education and hospitals, with signific…
How do I apply for a grant from Baron Family Foundation?
The Baron Family Foundation made 88 grants in 2024. Recent notable grants include: • The Educational Alliance: $430,000 (General Support) • Morselife Foundation: $415,000 (General Support) • Weill Cornell Imaging at NewYork-Presbyterian: $350,000 (General Support) The foundation's grantmaking is characterized by general support grants rather than project-specific funding. The foundation does not accept unsolicited proposals and maintains an exceptionally low profile. Connections to the family o…
Where does Baron Family Foundation make grants?
The foundation prioritizes organizations based in New York City, where Baron Capital is headquartered. However, the foundation supports projects across multiple U.S. cities and states, including Los Angeles, Miami, Washington, and various locations in California and New York.
What size grants does Baron Family Foundation award?
In 2024, Baron Family Foundation awarded 73 grants totaling $7.2M — an average of about $99K per grant, based on its IRS Form 990 filings.
How much is Baron Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Baron Family Foundation reported a distributable amount of $7.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Baron Family Foundation's EIN?
Baron Family Foundation's EIN (Employer Identification Number) is 14-2004657. IRS Form 990 filing data is available on this page for 2020–2024.
Does Baron Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.