The Alfa Foundation is a private independent foundation established in 2000 and granted tax-exempt status in January 2001. Based in Greenwich, Connecticut, it operates as a grantmaking foundation focused on supporting education, healthcare, and medical research initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.7M
+0.0% YoY
Annual Giving
$2.6M
-12.5% YoY
Grant Count
12
+0.0% YoY
Avg Grant Size
$219K
-12.5% YoY
Under IRS private-foundation payout rules, The Alfa Foundation reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Education (primary focus)
- Healthcare and Medical Research
- Hospital Support
- Philanthropy and Grantmaking
- Human Services
Grantmaking
The foundation does not accept unsolicited applications. Grantmaking is by invitation only.
Grant Range
$25,000 to $1,250,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Connecticut, New York, and Idaho.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $24,748,971
- Total Revenues: $2,792,025
- Total Expenses: $2,791,136
- Total Liabilities: $0
- Investment Income and Dividends: $796,403
- Giving Rate: 10.6% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,748,971 | $24,748,082 | $24,634,213 |
| Revenue | $2,792,025 | $3,272,900 | $1,722,936 |
| Expenses | $2,791,136 | $3,159,031 | $1,953,001 |
| Qualifying Distributions | $2,633,000 | $3,017,630 | $1,850,000 |
| Net Investment Income | $2,699,053 | $3,166,549 | $1,619,935 |
| Distributable Amount | $2,299,140 | $2,026,960 | $2,059,284 |
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
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rippowam Cisqua School ($1,250,000), Rippowam Cisqua School ($500,000), Hospital for Special Surgery ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A WALK ON WATER INC MALIBU, CA | TO FURTHER THE CHARITABLE OBJECTIVE | $50,000 |
| CLUBHOUSE INTERNATIONAL INTERNATIONAL CENTER FOR CLUBHOUSE DEVELOPMENT NEW YORK, NY | FURTHER CHARITABLE OBJECTIVE | $100,000 |
| COLUMBIA UNIVERSITY (OPTHALMOLOGY ANNUAL FUND UNRESTRICTED) NEW YORK, NY | TO SUPPORT THE OPHTHALMOLOGY FUND | $100,000 |
| EAGLE HILL FOUNDATION INC GREENWICH, CT | EDUCATIONAL SUPPORT | $25,000 |
| GREENWICH HOSPITAL COS COB, CT | TO SUPPORT THE GREENWICH HOSPITAL ANNUAL FUND | $100,000 |
| HOSPITAL FOR SPECIAL SURGERY NEW YORK, NY | TO SUPPORT INSTITUTION-WIDE RESEARCH INTITIATIVES IN PERIPROSTHETIC JOINT INFECTION | $250,000 |
| RIPPOWAM CISQUA SCHOOL BEDFORD, NY | EDUCATIONAL SUPPORT | $500,000 |
| RIPPOWAM CISQUA SCHOOL BEDFORD, NY | EDUCATIONAL PURPOSES | $1,250,000 |
| ST LUKE'S WOOD RIVER FOUNDATION KETCHUM, ID | TO SUPPORT ST. LUKE'S WOOD RIVER FOUNDATION | $50,000 |
| SUN VALLEY MUSIC FESTIVAL SUN VALLEY SUMMER SYMPHONY SUN VALLEY, ID | TO FURTHER CHARITABLE OBJECTIVE | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALI FAYED | TRUSTEE | 0.5 | — |
| PIER STINY | EXECUTIVE | 1 | — |
| JAMES FAYED | TRUSTEE | 0.25 | — |
| SAMMY FAYED | TRUSTEE | 0.25 | — |
| LIAM FAYED | TRUSTEE | 0.25 | — |
| TRACY FAYED | TRUSTEE | 0.25 | — |
Contact Information
Address: 53 Greenwich Avenue, 2nd Floor, Greenwich, CT 06830-5572
Telephone: 203-422-2181
EIN: 13-7228276
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Alfa Foundation fund?
The foundation's giving priorities include: • **Education** (primary focus) • **Healthcare and Medical Research** • **Hospital Support** • **Philanthropy and Grantmaking** • **Human Services**
How do I apply for a grant from The Alfa Foundation?
**Grant Activity:** • Annual giving: approximately $2.6 million (2024) • Number of grants: 12 grants awarded (2024) • Grant range: $25,000 to $1,250,000 • Median grant size: $100,000 **Recent Notable Grants (2024):** • Rippowam Cisqua School: $1,250,000 (Educational Purposes) • Rippowam Cisqua School: $500,000 (Educational Support) • Greenwich Hospital: $100,000 (Greenwich Hospital Annual Fund support) **Application Policy:** The foundation does not accept unsolicited applications. Grantmaking …
Where does The Alfa Foundation make grants?
The foundation primarily funds organizations in Connecticut, New York, and Idaho.
What size grants does The Alfa Foundation award?
In 2024, The Alfa Foundation awarded 12 grants totaling $2.6M — an average of about $219K per grant, based on its IRS Form 990 filings.
How much is The Alfa Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Alfa Foundation reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Alfa Foundation's EIN?
The Alfa Foundation's EIN (Employer Identification Number) is 13-7228276. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Alfa 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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