Coral Reef Foundation is a private foundation focused on Arts and culture, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26K in total assets. In 2024, it awarded 2 grants totaling $390K. Net investment income was $19.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26K
-53.5% YoY
Annual Giving
$390K
-2.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$195K
-2.5% YoY
Under IRS private-foundation payout rules, Coral Reef Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Coral Reef Foundation
Based on IRS filings
Coral Reef Foundation is a private foundation focused on Arts and culture, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26K in total assets. In 2024, it awarded 2 grants totaling $390K. Net investment income was $19.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,709 | $55,295 | $89,615 |
| Revenue | $380,019 | $390,018 | $20,700,010 |
| Expenses | $409,605 | $424,338 | $20,816,980 |
| Qualifying Distributions | $409,605 | $424,338 | $20,816,980 |
| Net Investment Income | $19 | $18 | $10 |
| Distributable Amount | $2,315 | $3,959 | $37,747 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Metropolitan Museum of Art ($380,000), The Metropolitan Museum of Art ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE METROPOLITAN MUSEUM OF ART NEW YORK, NY | TO BE ADDED TO A PREVIOUSLY ESTABLISHED ENDOWMENT FUND AT THE METROPOLITAN MUSEUM OF ART | $380,000 |
| THE METROPOLITAN MUSEUM OF ART NEW YORK, NY | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BEVERLY F CHASE | MMBR/DIR/PRES&TREASURER | 4 | — |
| OLGA MULLAKANDOVA | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Coral Reef Foundation?
Coral Reef Foundation is a private foundation focused on Arts and culture, based in NEW YORK, NY. It holds $26K in total assets as of 2024.
How large is Coral Reef Foundation?
As of 2024, Coral Reef Foundation holds $26K in total assets with $380K in annual revenue. It awarded 2 grants totaling $390K in 2024.
Where does Coral Reef Foundation operate?
Coral Reef Foundation has awarded grants in New York.
What size grants does Coral Reef Foundation award?
In 2024, Coral Reef Foundation awarded 2 grants totaling $390K — an average of about $195K per grant, based on its IRS Form 990 filings.
How much is Coral Reef Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Coral Reef Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Coral Reef Foundation's EIN?
Coral Reef Foundation's EIN (Employer Identification Number) is 74-1969035. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Coral Reef Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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