Jerome & Lorraine Aresty Charitable
Jerome & Lorraine Aresty Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available for 2020. In 2020, it awarded 2 grants totaling $33.7M.
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 reported a distributable amount of $283K for 2020 — the minimum it must pay out in qualifying distributions.
About Jerome & Lorraine Aresty Charitable
Based on IRS filings
Jerome & Lorraine Aresty Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available for 2020. In 2020, it awarded 2 grants totaling $33.7M.
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 | 2020 |
|---|---|
| Total Assets | — |
| Revenue | $73,733 |
| Expenses | $33,739,589 |
| Qualifying Distributions | — |
| Net Investment Income | — |
| Distributable Amount | $282,527 |
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 2020
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2020 grants, the largest include The Kustel Fund ($16,855,599), The Aresty Family Foundation ($16,805,145).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2020 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES ARESTY | President | 3 | — |
| KAREN KUSTEL | Secretary | 3 | — |
| MOREY GOLDBERG | DIRECTOR | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jerome & Lorraine Aresty Charitable?
Jerome & Lorraine Aresty Charitable is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds — in total assets as of 2020.
Where does Jerome & Lorraine Aresty Charitable operate?
Jerome & Lorraine Aresty Charitable has awarded grants in New York.
What size grants does Jerome & Lorraine Aresty Charitable award?
In 2020, Jerome & Lorraine Aresty Charitable awarded 2 grants totaling $33.7M — an average of about $16.8M per grant, based on its IRS Form 990 filings.
How much is Jerome & Lorraine Aresty Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Jerome & Lorraine Aresty Charitable 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's EIN?
Jerome & Lorraine Aresty Charitable's EIN (Employer Identification Number) is 06-1725894. IRS Form 990 filing data is available on this page for 2020.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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