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
Under IRS private-foundation payout rules, Sephardic Home for the Aged Foundation reported a distributable amount of $3.4M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Jewish Agency for Israel - North American Council ($345,000), Struggle to Save Ethiopian Jewry ($300,000), American Friends of Turkish Jewry ($255,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AM YISRAEL FOUNDATION FAIR LAWN, NJ | GRANT | $50,000 |
| AMERICAN FRIENDS OF EZRAT AVOT FAIRHAVEN, NJ | GRANT | $50,000 |
| AMERICAN FRIENDS OF SHEBA MEDICAL CENTER NEW YORK, NY | GRANT | $50,000 |
| AMERICAN FRIENDS OF TURKISH JEWRY TENAFLY, NJ | GRANT | $255,000 |
| AMERICAN JEWISH COMMITTEE NEW YORK, NY | GRANT | $100,000 |
| ASSOCIATION OF JEWISH AGING SERVICES ROCKVILLE, MD | GRANT | $50,000 |
| COLEL CHABAD BROOKLYN, NY | GRANT | $25,000 |
| JEWISH FAMILY SERVICE ASSOCIATION OF CLEVELAND PEPPER PIKE, OH | GRANT | $25,000 |
| JEWISH FAMILY SERVICE OF LOS ANGELES LOS ANGELES, CA | GRANT | $12,250 |
| JEWISH FAMILY SERVICE OF SAN DIEGO SAN DIEGO, CA | GRANT | $15,000 |
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
Frequently Asked Questions
What does Sephardic Home for the Aged Foundation fund?
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…
How do I apply for a grant from Sephardic Home for the Aged Foundation?
The foundation is an active grantmaker that accepts applications. Based on the most recent filing data: **Grant Activity (2023):** • Total giving: $4,570,600 • Number of grants: 81 • Median grant amount: $25,000 • Grant range: $3,000 - $333,000 • Giving rate: 6.8% of assets **Recent Grants (2024):** • PEF Israel Endowment Funds: $513,000 • Jewish Agency for Israel - North American Council: $345,000 • Struggle To Save Ethiopian Jewry: (amount not specified in sources) **Recent Grants (2023):** •…
Where does Sephardic Home for the Aged Foundation make grants?
The foundation funds organizations nationally, with documented grants to organizations serving communities across the United States, including Florida and other regions.
What size grants does Sephardic Home for the Aged Foundation award?
In 2024, Sephardic Home for the Aged Foundation awarded 61 grants totaling $3.4M — an average of about $56K per grant, based on its IRS Form 990 filings.
How much is Sephardic Home for the Aged Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sephardic Home for the Aged Foundation reported a distributable amount of $3.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sephardic Home for the Aged Foundation's EIN?
Sephardic Home for the Aged Foundation's EIN (Employer Identification Number) is 11-1694718. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sephardic Home for the Aged Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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