The Catherine and Joseph Aresty

NEW YORK, NY EIN: 13-3962647

The Catherine and Joseph Aresty Foundation is a private family foundation established in 1997 and funded in 2002. Based in New York City, the foundation supports charitable causes through grantmaking in education, human services, and philanthropy.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$20.9M

-2.8% YoY

Annual Giving

$962K

-16.1% YoY

Grant Count

-10.3% YoY

Avg Grant Size

$27K

-6.5% YoY

Under IRS private-foundation payout rules, The Catherine and Joseph Aresty reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding interests include:

Education
Human Services
Philanthropy, Voluntarism & Grantmaking

Grantmaking

Grant Range

$1,000–$150,000

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

New York
Florida
Rhode Island

Grant Distribution by State

New York $5.1M (93%)

Pennsylvania $125K (2%)

Rhode Island $125K (2%)

Connecticut $120K (2%)

Florida $20K (0%)

California $10K (0%)

States

California Connecticut Florida New York Pennsylvania Rhode Island

Cities

AlbanyAnnandaleBrewsterBrooklynGreenwichLakevilleLarchmontLos AngelesMamaroneckMiami BeachNew YorkOrientOssiningPhiladelphiaProvidenceRochesterRyeSalisburyStamfordWilton Manors

Financial History

Multi-year comparison from IRS filings

Total Assets: $20,868,943
Total Revenues: $479,722 (2024)
Total Expenses: $1,077,539 (2024)
Number of Employees: 0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$20,868,943	$21,471,760	$22,241,052
Revenue	$479,722	$530,272	$616,528
Expenses	$1,077,539	$1,304,564	$1,368,998
Qualifying Distributions	$964,831	$1,199,681	$1,252,691
Net Investment Income	$653,569	$639,480	$505,221
Distributable Amount	$1,112,840	$1,067,585	$1,170,063

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

177 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Arbor Rising ($150,000), Community Resource Center ($100,000), Citizen's Committee for Children ($50,000).

Recipient	Purpose	Amount
ACADEMY FOR TEACHERS NEW YORK, NY	GENERAL FUND	$10,000
BROADWAY HOUSING COMMUNITIES NEW YORK, NY	GENERAL FUND	$25,000
CITIZEN'S COMMITTEE FOR CHILDREN NEW YORK, NY	GENERAL FUND	$50,000
CITY HARVEST NEW YORK, NY	GENERAL FUND	$20,000
COMMUNITY RESOURCE CENTER MAMARONECK, NY	GENERAL FUND	$100,000
CORNELIA CONNELLY CENTER NEW YORK, NY	GENERAL FUND	$10,000
DE LA SALLE ACADEMY NEW YORK, NY	GENERAL FUND	$15,000
EDIBLE SCHOOLYARD NYC BROOKLYN, NY	GENERAL FUND	$10,000
FUND FOR NEW CITIZENS NEW YORK, NY	GENERAL FUND	$50,000
GEORGE JACKSON ACADEMY NEW YORK, NY	GENERAL FUND	$15,000

Leadership & Key People

Leadership team and compensation from IRS filings

Personnel:

Steven Aresty, Treasurer

Founders: Joseph Aresty (1922–2018) and Catherine (Kitty) Fortuin Aresty were the foundation's namesakes. Joseph Aresty was a business magnate who co-founded and built Alfred Dunner Inc., one of the largest privately-owned apparel manufacturers in the United States. He and Catherine were married for 60 years and were longtime philanthropic supporters of medical education and research.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CATHERINE ARESTY	CHAIRMAN	0.25	—
STEVEN ARESTY	TREASURER	20	—

Contact Information

Address: Co Alfred Dunner 1333 Broadway New York, NY 10018

Phone: 212-944-6660

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Catherine and Joseph Aresty fund?

The foundation's primary funding interests include: • Education • Human Services • Philanthropy, Voluntarism & Grantmaking

How do I apply for a grant from The Catherine and Joseph Aresty?

**Grant Activity:** • Total giving: $962,000 (most recent fiscal year) • Typical grant range: $1,000–$150,000 • Recent grants made: 32 grants in 2024 **Recent Grantees (2024):** • Arbor Rising ($150,000) • Community Resource Center / Hispanic Resource Center of Larchmont / Mamaroneck Inc ($100,000) • Citizens Committee for Children of New York ($50,000) • University of Rochester (among other recipients)

Where does The Catherine and Joseph Aresty make grants?

The foundation primarily funds organizations in: • New York • Florida • Rhode Island

What size grants does The Catherine and Joseph Aresty award?

In 2024, The Catherine and Joseph Aresty awarded 35 grants totaling $962K — an average of about $27K per grant, based on its IRS Form 990 filings.

How much is The Catherine and Joseph Aresty required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Catherine and Joseph Aresty reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Catherine and Joseph Aresty's EIN?

The Catherine and Joseph Aresty's EIN (Employer Identification Number) is 13-3962647. IRS Form 990 filing data is available on this page for 2020–2024.