The Sephardic Home for the Aged Foundation is a private foundation based in New York City, located at 3 Columbus Circle, Floor 15. Established in 1949 and tax-exempt since October 1954, the organization operates as a 501(c)(3) charitable institution classified under health services and nursing/convalescent facilities. The foundation combines operational healthcare services with grantmaking activities to support the aging community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$70.4M
+4.2% YoY
Annual Giving
$3.4M
-25.3% YoY
Grant Count
61
-24.7% YoY
Avg Grant Size
$56K
-0.9% YoY
Mission & Focus Areas
The Sephardic Foundation on Aging serves the needs and interests of the elderly community by promoting healthy aging strategies and supporting those devoted to the overall health of the elderly and infirm. The foundation assists and sponsors programs in the field of aging, long-term care, and rehabilitation, while developing community involvement and participation in these fields to improve quality of life.
The organization also maintains a nursing facility and adult day health care program. In 2014, the organization provided 91,746 days of care and rehabilitative services in its nursing facility and 10,038 adult day health care visits.
Grantmaking
The foundation is an active grantmaker that accepts applications. Based on the most recent filing data:
Grant Range
$3,000 - $333,000
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Geographic Focus
Where this funder awards grants
The foundation funds organizations nationally, with documented grants to organizations serving communities across the United States, including Florida and other regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $70,431,374
- Total revenues: $5,069,836
- Total expenses: $4,932,709
- Number of employees: 3
As of 2023:
- Total assets: $67,601,683
- Total revenues: $1,607,289
- Total expenses: $6,239,341
- Number of employees: 3
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $70,431,374 | $67,601,683 | $64,414,372 |
| Revenue | $5,069,836 | $1,607,289 | $65,434 |
| Expenses | $4,932,709 | $6,239,341 | $5,899,098 |
| Qualifying Distributions | $4,481,364 | $5,849,419 | $5,377,374 |
| Net Investment Income | $4,628,840 | $1,211,160 | $1,233,853 |
| Distributable Amount | $3,394,852 | $3,251,490 | $3,435,661 |
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
250 grants across all recorded years
Open Grants
3 open opportunities from Sephardic Home for the Aged Foundation
Combating Social Isolation of Older Adults Grant
SEPHARDIC HOME FOR THE AGED FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Dementia Care and Brain Degenerative Diseases Grant
SEPHARDIC HOME FOR THE AGED FOUNDATION
Amount
Varies
Deadline
Rolling / Open
End of Life Care or Preventing Elder Neglect Grant
SEPHARDIC HOME FOR THE AGED FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL LOPEZ | CHAIR | 3 | — |
| JOE HALIO | PRESIDENT | 3 | — |
| NEIL CRESPI | TREASURER | 3 | — |
| JAMES KHANI | SECRETARY | 3 | — |
| LAURIE KAHMI | DIRECTOR | 1 | — |
| JAMES CASPI | DIRECTOR | 1 | — |
| ALAN MATARASSO | DIRECTOR | 1 | — |
| CLIFTON RUSSO | DIRECTOR | 1 | — |
| LOUIS ROUSSO | DIRECTOR | 1 | — |
| HENRY PERAHIA | DIRECTOR | 1 | — |
| IRA ROUSSO | DIRECTOR | 1 | — |
| ROBERT COHEN | DIRECTOR | 1 | — |
| RAYMOND COHEN | DIRECTOR (FORMER) | 1 | — |
| JOSHUA HOFFMAN | EXECUTIVE DIRECTOR | 40 | $386,989 |
Recent News & Activity
Recent developments and announcements
The foundation has been active in awarding significant grants to support aging-related services:
Awarded a $1.5 million dementia care grant to MJHS Health System
Sephardic Home For The Aged Foundation Awards $1.5 Million Dementia CareAwarded $60,000 to Jewish Family Services
Awarded $25,000 to JFCS of the Suncoast to support aging services
JFCS of the Suncoast Receives $25,000 Grant from The Sephardic FoundationThe foundation maintains an active website at www.sfoa.org and can be reached at 646-854-9975.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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