Dr Herbert and Nicole Wertheim Family
The Dr. Herbert and Nicole Wertheim Family Foundation is a private family foundation established in 1977 and based in Miami, Florida. As a 501(c)(3) organization, it has been a significant philanthropic force in American higher education for nearly 50 years, with a particular focus on supporting public universities and advancing charitable causes aligned with its mission.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.7M
+20.7% YoY
Annual Giving
$26.2M
+2401.2% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$2.4M
+1491.7% YoY
Mission & Focus Areas
The foundation's mission is "Making Life on Earth Better."
Primary funding areas include:
- Higher education, particularly public universities
- Arts and culture
- Environment
- Domesticated animals
- Health
Grantmaking
Grant Range
** Varies from $50,000 to $100 million+
How to Apply
** The foundation does not have a public application process.
Ready to take the next step with Dr Herbert and Nicole Wertheim Family?
Geographic Focus
Where this funder awards grants
The foundation supports projects across multiple U.S. locations, with primary emphasis on:
- Florida (particularly significant funding to Florida higher education institutions)
- California (including UC San Diego, UC Berkeley)
- New York
Specific cities where funding has been directed include Berkeley, Bronx, Gainesville, Miami, New York, Palm Beach, San Diego, Santa Monica, and West Palm Beach.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $51,696,198
- Total Revenues: $41,699,803
- Total Expenses: $28,177,279
As of 2023:
- Total Assets: $42,828,943
- Total Revenues: $966,289
- Total Expenses: $2,981,295
Annual Giving: $1,047,705 (2023)
Tax Status: Tax-exempt since January 1978 (EIN: 59-1778605)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,696,198 | $42,828,943 | $42,831,898 |
| Revenue | $41,699,803 | $966,289 | $5,245,016 |
| Expenses | $28,177,279 | $2,981,295 | $15,985,772 |
| Qualifying Distributions | $26,205,000 | $1,054,130 | $15,161,984 |
| Net Investment Income | $40,304,265 | — | $201,613 |
| Distributable Amount | $9,404,417 | $7,476,706 | $6,979,831 |
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
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Dr. Herbert A. Wertheim – President
- Nicole JD Wertheim – Vice President
- Vanessa V. Wertheim – Director (receives compensation of $175,000)
- Ray Wertheim – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR HERBERT A WERTHEIM | PRESIDENT | 20 | — |
| NICOLE JD WERTHEIM | SECRETARY | 6 | — |
| RAY WETHEIM | DIRECTOR | 12 | — |
Recent News & Activity
Recent developments and announcements
In December 2024, Dr. Wertheim announced a $65 million gift to Florida State University's College of Business, marking the largest philanthropic endowment gift in FSU's history.
University Of Florida Receives $100 Million Gift, The Largest ...In 2022, the Wertheim Foundation provided a lead gift of $100 million to UF Scripps, representing one of the largest donations in University of Florida's history.
WERTHEIM FOUNDATION PROVIDES LEAD GIFT OF $100 ...In 2016, Herbert and Nicole Wertheim joined The Giving Pledge, committing to dedicate the majority of their wealth to philanthropy.
Wertheim family pledges additional $1 million to Nicole Wertheim College\The foundation has contributed over $100 million to Florida higher education alone throughout its history.
University Of Florida Receives $100 Million Gift, The Largest ...Contact Information
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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