Jerome & Lorraine Aresty Charitable Foundation
Jerome & Lorraine Aresty Charitable Foundation is a private foundation, based in New York, NY. IRS filing data is available for 2020. In 2020, it awarded 2 grants totaling $33.7M.
Key facts about Jerome & Lorraine Aresty Charitable Foundation
In short: Jerome & Lorraine Aresty Charitable Foundation gave $33.7M across 2 grants in 2020 (avg $16.8M), mostly in New York. Source: 2020 IRS Form 990-PF.
- EIN
- 06-1725894
- Latest 990 filing
- Form 990-PF, 2020
- Annual giving (2020)
- $33,660,744
- Grants made (2020)
- 2
- Average grant
- $16,830,372
- Median grant
- $16,830,372
- Primary geography
- New York (100% of itemized 2020 grant dollars)
Data from IRS Form 990-PF, 2020; updated September 2026.
Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$33.7M
Grant Count
2
Avg Grant Size
$16.8M
Under IRS private-foundation payout rules, Jerome & Lorraine Aresty Charitable Foundation reported a distributable amount of $283K for 2020 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2020 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 2 grants totaling $33.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2020
The largest 2020 recipient was The Kustel Fund ($16.9M). Together the top 2 received $33.7M.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was $5M or more: 2 grants of 2 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Kustel Fund New York, NY | TO TRANSFER ASSETS TO The Kustel Fund | $16,855,599 |
| The Aresty Family Foundation New York, NY | TO TRANSFER ASSETS to The Aresty Family Foundation | $16,805,145 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Revenue | $73,733 |
| Expenses | $33,739,589 |
| Distributable Amount | $282,527 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2020
Leadership & Key People
Officers and directors from IRS filings
Jerome & Lorraine Aresty Charitable Foundation is led by James Aresty, President on the 2020 filing; none of the 3 officers listed in 2020 report compensation.
Officers on the 2020 filing
James Aresty
President
New on the 2020 filing
3 hrs/week
No compensation reported
Morey Goldberg
Director
New on the 2020 filing
3 hrs/week
No compensation reported
Karen Kustel
Secretary
New on the 2020 filing
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Jerome & Lorraine Aresty Charitable Foundation
How much does Jerome & Lorraine Aresty Charitable Foundation give each year?
Jerome & Lorraine Aresty Charitable Foundation gave $33.7M across 2 grants in 2020, according to its 2020 IRS Form 990-PF.
Where does Jerome & Lorraine Aresty Charitable Foundation operate?
Jerome & Lorraine Aresty Charitable Foundation has awarded grants in New York.
How much is Jerome & Lorraine Aresty Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Jerome & Lorraine Aresty Charitable Foundation reported a distributable amount of $283K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jerome & Lorraine Aresty Charitable Foundation's EIN?
Jerome & Lorraine Aresty Charitable Foundation's EIN (Employer Identification Number) is 06-1725894. IRS Form 990 filing data is available on this page for 2020.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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