Libra Global Philanthropies Foundation
Libra Global Philanthropies Foundation is an independent 501(c)(3) private foundation established in 2023 by the Logothetis family. Based in New York, NY, the foundation is dedicated to perpetuating and scaling the legacy of social responsibility initiatives carried out by its sister organization, Libra Group, over the past decade. The foundation operates through a multifaceted approach combining social impact programs, strategic giving, and independent nonprofits incubated by the Libra ecosystem.
Key facts about Libra Global Philanthropies Foundation
- EIN
- 87-3731514
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $3,430,698
- Grants made (2024)
- 69
- Average grant
- $49,720
- Median grant
- $25,000
- New grantees (estimate)
- 52% first-time grantees (36 of 69, 2024)
- Total assets
- $74,825
- Primary geography
- New York (28% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Libra Global Philanthropies Foundation funds
By grant dollars, the top recipient states for Libra Global Philanthropies Foundation's 69 itemized 2024 grants were New York (28%) and District of Columbia (9%). The most frequent recipient cities were New York, NY (14 grants) and Washington, DC (8 grants). 33% of grants with a stated purpose were for general or operating support.
Is Libra Global Philanthropies Foundation open to new grantees?
52%
first-time grantees, 2024
In 2024, 36 of 69 grantees (52%) were first-time recipients. First grants averaged $51K; repeat grants $49K. How we count
Medians: $19K first-time, $25K repeat.
- 46% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2022–2024). 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 Libra Global Philanthropies Foundation
- How to evaluate Libra Global Philanthropies Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$75K
-79.5% YoY
Annual Giving
$3.4M
+46.2% YoY
Grant Count
69
-27.4% YoY
Avg Grant Size
$50K
+101.3% YoY
Under IRS private-foundation payout rules, Libra Global Philanthropies Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on building global human potential and fostering hope through powerful connections, programs, and resources. The organization redefines philanthropy by fostering international partnerships, creating innovative programs, and supporting changemakers to tackle unresolved social needs across the world.
Libra Philanthropies operates through four core activities:
- Establishing Nonprofits — Working with community stakeholders to establish nonprofits around the world that grow to operate independently where unmet needs exist
- Catalyzing Existing Nonprofits — Combining hands-on support, operational expertise, capacity building, network connections, and strategic giving to scale and internationalize organizations
- Empowering Leaders — Encouraging people worldwide to recognize their unique potential through access to mentorship, skills development, and international networking opportunities
- Funding Change — Providing grants to organizations worldwide in five key areas: economic opportunity, education, health, community development, and leadership
Primary funding focus areas include economic empowerment, health, humanitarian aid, leadership, and education.
Grantmaking
The foundation makes contributions to preselected charitable organizations, supporting both U.S. 501(c)(3) organizations and international charities.
Average Grant
amount: $24,000
Grant Types
Ready to take the next step with Libra Global Philanthropies Foundation?
Geographic Focus
Where this funder awards grants
The foundation has demonstrated global reach:
- Active in 183 countries
- Primary support regions include New York, District of Columbia, Illinois, and Virginia
- Engaged with organizations across 41+ countries in 2024
Grant Distribution by State
Share of all 69 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total assets: $74,825
- Total revenues: $4,280,515
- Total expenses: $4,530,132
- Total giving: $3,430,698
- Number of employees: 3–8
Historical Giving Trends:
- 2022: $3.3 million in annual giving
- 2023: $2.3 million in annual giving
- 2024: $3,430,698 in total giving
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $74,825 | $364,621 | $20,039 |
| Revenue | $4,280,515 | $3,948,000 | $2,701,686 |
| Expenses | $4,530,132 | $3,554,131 | $2,864,909 |
| Qualifying Distributions | $4,565,927 | $3,611,433 | $2,762,010 |
| Net Investment Income | — | — | — |
| Distributable Amount | $5,142 | $5,685 | $3,159 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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
236 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Libra Philanthropies Greece Amke ($563,968), Seleni House Foundation Inc ($375,000), Impact Entrepreneurship Award Ltd ($242,428).
| Recipient | Purpose | Amount |
|---|---|---|
| LIBRA PHILANTHROPIES GREECE AMKE | TO SUPOPRT GENERAL OPERATING EXPENSES. | $563,968 |
| SELENI HOUSE FOUNDATION INC New York, NY | GENERAL OPERATIONAL SUPPORT. | $375,000 |
| IMPACT ENTREPRENEURSHIP AWARD LTD | TO SUPPORT THE GENERAL OPERATIONAL EXPENSES. | $242,428 |
| ENTREPRENEURSHIP AWARD CORP New York, NY | TO SUPPORT THE GENERAL OPERATIONAL EXPENSES. | $215,000 |
| WELEAD | TO SUPPORT THE GENERAL OPERATIONAL EXPENSES. | $194,326 |
| FUNDACTION INNOVATION PARA EL DESARROLLO | TO SUPPORT THE GENERAL OPERATIONAL EXPENSES OF THE DREAMERS & MAKERS PROGRAM. | $111,200 |
| EMBRIRICOS FAMILY CHARITABLE TRUST | TO SUPPORT THE GENERAL OPERATIONAL EXPENSES. | $100,000 |
| MASSACHUSETTS INSITUTE OF TECHNOLOGY Cambridge, MA | THE PHILIPPE A. EMBIRICOS (1968) FELLOWSHIP IN OCEAN ENGINEERING TO SUPPORT STUDENTS AT MIT INTERESTED IN OCEAN ENGINEERING. | $100,000 |
| THE BARACK OBAMA FOUNDATION Chicago, IL | GENERAL OPERATING EXPENSES AND FOR THE DESIGN, PLANNING, AND IMPLEMENTATION OF MY BROTHERS KEEPERS PROGRAMMING (MBK). | $100,000 |
| WASHINGTON OXI DAY FOUNDATION Washington, DC | GENERAL OPERATING EXPENSES | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Rosanna Mortoglou — CEO of Libra Philanthropies
- Gina Crivelli — Director of Programs and Impact
- Regina Sheridan — Principal Officer
- Nicholas M. Logothetis — Co-founder of Concordia (founding sponsor initiative)
- Matthew A. Swift — Co-founder of Concordia (founding sponsor initiative)
- Nitzia Logothetis — Co-founder of Seleni Institute
- George Logothetis — Co-founder of Seleni Institute
Compensation Overview
From 2023 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| George Logothetis | Chair | 1 | — |
| Nicholas Logothetis | Vice Chair | 1 | — |
| Phaedra Chrousos | Secretary/Treasurer | 1 | — |
| Maria Paula Correa | Board Member | 1 | — |
| Diana Doukas | Board Member | 1 | — |
Recent News & Activity
Recent developments and announcements
**2025 Annual Impact Report:**
Libra Philanthropies Releases Inaugural Annual Impact Report and AnnouncesThe foundation released its inaugural Annual Impact Report in May 2025, marking a significant milestone in its mission. The report highlighted:
Libra Philanthropies Releases Inaugural Annual Impact Report and AnnouncesSupport for 400+ organizations across 15 years of philanthropic impact
Positive impact on 26+ million lives worldwide
1.1 million lives impacted through funded projects in 2024 alone
Engagement with 81 organizations, including 64 grantees
26 Rising Global Leader engagements and 33 partner collaborations
Libra Philanthropies anuncia una nueva era del programa Rising Global Leaders**Democracy Cohort Program (2026):**
In February 2026, Libra Philanthropies announced the inaugural Changemakers: Democracy Cohort under its flagship Rising Global Leaders program. This specialized 9-month program supports young leaders championing innovative solutions to strengthen democratic values and civic engagement worldwide. The program features expert-led workshops, 1:1 mentorship, and peer-to-peer learning designed to scale initiatives and deepen systemic impact.
Libra Philanthropies Announces Inaugural Democracy Cohort To Empower Next-Generation**Civic Engagement Expansion:**
The foundation announced its first civic engagement event in Athens, signaling geographic expansion of programming beyond its New York headquarters.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Libra Global Philanthropies Foundation fund?
The foundation's mission centers on building global human potential and fostering hope through powerful connections, programs, and resources. The organization redefines philanthropy by fostering international partnerships, creating innovative programs, and supporting changemakers to tackle unresolved social needs across the world. Libra Philanthropies operates through four core activities: 1. **Establishing Nonprofits** — Working with community stakeholders to establish nonprofits around the wo…
How do I apply for a grant from Libra Global Philanthropies Foundation?
**Grant Activity & Scale:** • Total giving in 2024: $3,430,698 • Typical award range: $1,000–$563,968 • Average grant amount: $24,000 • Median grant amount: $11,000 • Historical total grants: 239 grants totaling $5.6 million across supported organizations **Recent Grantees (2024):** • Seleni House Foundation: $375,000 (General Operational Support) • Founder Forward: $215,000 (General Operational Expenses) • Washington Oxi Day Foundation: $100,000 (General Operating Expenses) **Grant Types:** Th…
Where does Libra Global Philanthropies Foundation make grants?
The foundation has demonstrated global reach: • Active in 183 countries • Primary support regions include New York, District of Columbia, Illinois, and Virginia • Engaged with organizations across 41+ countries in 2024
What size grants does Libra Global Philanthropies Foundation award?
In 2024, Libra Global Philanthropies Foundation awarded 69 grants totaling $3.4M — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is Libra Global Philanthropies Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Libra Global Philanthropies Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Libra Global Philanthropies Foundation's EIN?
Libra Global Philanthropies Foundation's EIN (Employer Identification Number) is 87-3731514. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.