The Steven Aresty Foundation is a private foundation based in New York, NY, established in 2001. It operates as a 501(c)(3) organization classified as a private independent foundation under the National Taxonomy of Exempt Entities (NTEE).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
+6.4% YoY
Annual Giving
$216K
-19.1% YoY
Grant Count
27
+0.0% YoY
Avg Grant Size
$8K
-19.1% YoY
Under IRS private-foundation payout rules, Steven Aresty Foundation reported a distributable amount of $256K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation's approach to grantmaking emphasizes collaborative decision-making and evidence-based giving. According to the foundation's leadership, the organization has evolved from a single-donor model toward a more strategic approach that prioritizes systemic solutions to educational challenges, particularly those affecting children in poverty.
Grantmaking
Grant Range
s:** Typical awards range from $1,000 to $90,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Connecticut
- Rhode Island
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,561,284
- Total Giving: $216,000
- Total Revenues: $520,021
- Total Expenses: $247,772
- Number of Employees: 0
Investment Income (2024): $140,297
As of 2023:
- Total Assets: $4,290,000
- Total Revenues: $101,000
- Total Expenses: $311,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,561,284 | $4,288,785 | $4,500,933 |
| Revenue | $520,021 | $101,076 | $244,764 |
| Expenses | $247,772 | $310,972 | $302,739 |
| Qualifying Distributions | $216,250 | $267,250 | $269,750 |
| Net Investment Income | $488,499 | $97,798 | $212,450 |
| Distributable Amount | $255,686 | $241,804 | $243,896 |
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
153 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Symphony Space ($46,500), Academy for Teachers ($25,000), Brown University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACADEMY FOR TEACHERS NEW YORK, NY | FOR THE USE OF THE DONEE ORGANIZATION | $25,000 |
| BROWN UNIVERSITY PROVIDENCE, RI | FOR THE USE OF THE DONEE ORGANIZATION | $25,000 |
| CITIZEN'S COMMITTEE FOR CHILDREN OF NY NEW YORK, NY | FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |
| EQUUS EFFECT SHARON, CT | FOR THE USE OF THE DONEE ORGANIZATION | $2,500 |
| HABITAT FOR HUMANITY OF NW CT SALISBURY, CT | FOR THE USE OF THE DONEE ORGANIZATION | $1,000 |
| HOTCHKISS SCHOOL LAKEVILLE, CT | FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |
| HUDSON RIVER COMMUNITY SAILING NEW YORK, NY | FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |
| JUNIOR TENNIS FOUNDATION WHITE PLAINS, NY | FOR THE USE OF THE DONEE ORGANIZATION | $5,000 |
| MIAMI RESCUE MISSION MIAMI, FL | FOR THE USE OF THE DONEE ORGANIZATION | $1,000 |
| MOMA - MUSEUM OF MODERN ART NEW YORK, NY | FOR THE USE OF THE DONEE ORGANIZATION | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Steven Aresty serves as a principal decision-maker for the foundation. He has participated in collaborative grantmaking initiatives including the Donors' Education Collaborative and Early Childhood Partners NYC, both established by The New York Community Trust. His late father, Joseph Aresty, was a first-generation college student who founded a related foundation with a focus on helping others achieve educational opportunities.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN ARESTY | TRUSTEE | 5 | — |
| CHARLES ARESTY | TRUSTEE | 5 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in collaborative grantmaking efforts through The New York Community Trust's structured giving programs. Steven Aresty has publicly discussed his evolution as a grantmaker, noting that participation in collaborative funds has deepened his understanding of educational challenges and evidence-based solutions for addressing poverty through improved educational access.
$3 Million Gift from Steven & Alexandra Cohen Foundation Powers InnovationSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Steven Aresty Foundation fund?
The foundation's grantmaking priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation's approach to grantmaking emphasizes collaborative decision-making and evidence-based giving. According to the foundation's leadership, the organization has evolved from a single-donor model toward a more strategic approach that prioritizes systemic solutions to educational challenges, particularly those affecting children in poverty.
How do I apply for a grant from Steven Aresty Foundation?
**Grant Sizes:** Typical awards range from $1,000 to $90,000. **Recent Grant Activity:** In 2024, the foundation made 31 grants totaling $216,000 in giving. Recent grantees include: • The Symphony Space ($46,500) • The Academy for Teachers ($25,000) • Brown University ($25,000) • New York Philharmonic **Grant Type:** Grants are designated "for the use of the donee organization."
Where does Steven Aresty Foundation make grants?
The foundation primarily funds organizations in: • New York • Connecticut • Rhode Island
What size grants does Steven Aresty Foundation award?
In 2024, Steven Aresty Foundation awarded 27 grants totaling $216K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Steven Aresty Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Steven Aresty Foundation reported a distributable amount of $256K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Steven Aresty Foundation's EIN?
Steven Aresty Foundation's EIN (Employer Identification Number) is 31-6666392. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Steven Aresty 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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