The Alvarez Charitable Foundation Inc
The Alvarez Charitable Foundation Inc is a private family foundation established in 1996 in New Jersey. Based in New York City, the foundation operates as a grantmaking organization with a focus on supporting charitable causes across multiple geographic regions and subject areas.
Key facts about The Alvarez Charitable Foundation Inc
- EIN
- 22-3479932
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,913,403
- Grants made (2024)
- 24
- Average grant
- $121,392
- Median grant
- $31,250
- New grantees (estimate)
- 38% first-time grantees (9 of 24, 2024)
- Total assets
- $23,384,670
- Primary geography
- New York (60% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Alvarez Charitable Foundation Inc funds
By grant dollars, the top recipient states for The Alvarez Charitable Foundation Inc's 24 itemized 2024 grants were New York (60%). The most frequent recipient cities were New York, NY (9 grants) and Englewood, NJ (3 grants). None of its 24 grants with a stated purpose were described as general or operating support. Recurring purposes include "Financial Support" (18 grants) and "Education" (4 grants).
Is The Alvarez Charitable Foundation Inc open to new grantees?
38%
first-time grantees, 2024
In 2024, 9 of 24 grantees (38%) were first-time recipients. First grants averaged $37K; repeat grants $172K. How we count
Medians: $25K first-time, $38K repeat.
- 42% of 2024 grantees were also funded in 2023. Method
- Giving grew 87% from 2021 to 2024. Method
- In 2024 it paid out 317% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Alvarez Charitable Foundation Inc
- How to evaluate The Alvarez Charitable Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.4M
+29.9% YoY
Annual Giving
$2.9M
+127.0% YoY
Grant Count
24
+0.0% YoY
Avg Grant Size
$121K
+127.0% YoY
Under IRS private-foundation payout rules, The Alvarez Charitable Foundation Inc reported a distributable amount of $918K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not specify particular subject areas of focus, indicating a broad philanthropic mission. However, grant history shows concentration in the following areas:
- International Giving (approximately 35% of grants)
- Education (approximately 18% of grants)
- Community Development (approximately 15% of grants)
- Historic preservation and arts grants
The foundation has demonstrated particular commitment to educational activities, including scholarships, student financial aid, and awards.
Grantmaking
Grant Range
$500 to $1.1 million
Average Grant
amount: $233,000
Review Cycle
.
How to Apply
**
Ready to take the next step with The Alvarez Charitable Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation supports a wide range of locations across the United States and internationally:
- Primary focus: New York (47% of grants)
- Other significant states: California, New Jersey, Connecticut, and Louisiana
- International: Philippines (grants principally in the Philippines)
- Additional U.S. locations include Florida, Illinois, Indiana, Maine, Michigan, and Tennessee
Grant Distribution by State
Share of all 24 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year Data:
- Total Assets: $18.0–$23.4 million (figures vary across filings)
- Total Annual Giving: $1.3–$2.9 million
- Total Expenses: $1.3–$1.3 million
- Total Revenue: $5.8 million (most recent year)
The foundation operates with limited staffing, relying on volunteer leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,384,670 | $18,005,319 | $13,495,721 |
| Revenue | $8,339,405 | $5,804,926 | $4,429,016 |
| Expenses | $2,960,054 | $1,335,595 | $2,617,662 |
| Qualifying Distributions | $2,913,403 | $1,283,500 | $2,523,920 |
| Net Investment Income | $714,456 | $334,817 | $269,250 |
| Distributable Amount | $917,939 | $674,472 | $562,923 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
119 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Statue of Liberty- Ellis Island Fund ($1,050,000), Alvarez Foundation Philippines ($900,000), Asian Cultural Council ($185,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STATUE OF LIBERTY- ELLIS ISLAND FUND New York, NY | FINANCIAL SUPPORT | $1,050,000 |
| ALVAREZ FOUNDATION PHILIPPINES | FINANCIAL SUPPORT | $900,000 |
| ASIAN CULTURAL COUNCIL New York, NY | FINANCIAL SUPPORT | $185,000 |
| NYU STERN SCHOOL OF BUSINESS New York, NY | EDUCATION | $160,000 |
| AMERICAN BALLET THEATRE New York, NY | FINANCIAL SUPPORT | $132,800 |
| CANCER RESEARCH INSTITUTE New York, NY | FINANCIAL SUPPORT | $75,000 |
| CITY OF HOPE Duarte, CA | PUBLIC WELFARE | $55,000 |
| CHILDREN'S ORCHESTRA SOCIETY New York, NY | FINANCIAL SUPPORT | $51,000 |
| CORNELL UNIVERSITY Ithaca, NY | EDUCATION | $50,000 |
| UNIVERSITY OF TULANE New Orleans, LA | FINANCIAL SUPPORT | $40,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Antonio C. Alvarez – President (serves without compensation)
- Abigail C. Alvarez – Vice President (serves without compensation)
- Dawn M. Marsal-Wallin – Treasurer (serves without compensation, 0.5 hours per week)
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Antonio C Alvarez | President | — | — |
| Abigail C Alvarez | Vice President | — | — |
| Dawn M Marsal-Wallin | Treasurer | 0.5 | — |
Contact Information
Address: 600 Madison Avenue, 8th Floor New York, NY 10022
Phone: 212-759-4433
EIN: 22-3479932
Tax-Exempt Status: Since February 1997
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Alvarez Charitable Foundation Inc fund?
The foundation does not specify particular subject areas of focus, indicating a broad philanthropic mission. However, grant history shows concentration in the following areas: • **International Giving** (approximately 35% of grants) • **Education** (approximately 18% of grants) • **Community Development** (approximately 15% of grants) • Historic preservation and arts grants The foundation has demonstrated particular commitment to educational activities, including scholarships, student financial…
How do I apply for a grant from The Alvarez Charitable Foundation Inc?
The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does The Alvarez Charitable Foundation Inc make grants?
The foundation supports a wide range of locations across the United States and internationally: • **Primary focus:** New York (47% of grants) • **Other significant states:** California, New Jersey, Connecticut, and Louisiana • **International:** Philippines (grants principally in the Philippines) • Additional U.S. locations include Florida, Illinois, Indiana, Maine, Michigan, and Tennessee
What size grants does The Alvarez Charitable Foundation Inc award?
In 2024, The Alvarez Charitable Foundation Inc awarded 24 grants totaling $2.9M — an average of about $121K per grant, based on its IRS Form 990 filings.
How much is The Alvarez Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Alvarez Charitable Foundation Inc reported a distributable amount of $918K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Alvarez Charitable Foundation Inc's EIN?
The Alvarez Charitable Foundation Inc's EIN (Employer Identification Number) is 22-3479932. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Alvarez Charitable Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.