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
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
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 |
|---|---|---|---|
| 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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