The Ferrari Foundation
THE FERRARI FOUNDATION BELIEVES THAT EDUCATION IS THE KEY TO OPPORTUNITY. OUR PRIMARY MISSION IS TO HELP IMPROVE ACCESS TO LEARNING OPPORTUNITIES FOR CHILDREN. WE AIM TO SERVE THE NON-PROFIT EDUCATIONAL COMMUNITY BY FUNDING AND SUPPORTING IMPORTANT INITIATIVES.
Key facts about The Ferrari Foundation
- EIN
- 92-2206921
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $250,000
- Grants made (2024)
- 1
- Average grant
- $250,000
- Median grant
- $250,000
- Total assets
- $8,279,221
- Primary geography
- Connecticut (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The Ferrari Foundation gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Ferrari Foundation
- How to evaluate The Ferrari Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.3M
-0.1% YoY
Annual Giving
$250K
-82.3% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$250K
-64.5% YoY
About The Ferrari Foundation
Based on IRS filings
The Ferrari Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Englewood Cliffs, NJ. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $8.3M in total assets. In 2024, it awarded 1 grant totaling $250K. Net investment income was $374K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $8,279,221 | $8,283,767 |
| Revenue | $1,835,511 | $9,693,202 |
| Expenses | $557,786 | $1,409,435 |
| Qualifying Distributions | — | $1,409,014 |
| Net Investment Income | $373,802 | $632,221 |
| Distributable Amount | — | $49,570 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Save the Children Federation Inc US ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Save the Children Federation Inc US Fairfield, CT | EDUCATIONAL SUPPORT | $250,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Matteo Torre | Chairman | 2 | — |
| Michele Antoniazzi | Board Member | 0.5 | — |
| Carlo Daneo | Board Member | 0.25 | — |
| Gianluca Guzzo | Board Member | 1 | — |
| Patrick Granger | Treasurer | 0.25 | — |
| David Wertheim | Managing Director/Secretary | 30 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Ferrari Foundation?
The Ferrari Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Englewood Cliffs, NJ. It holds $8.3M in total assets as of 2024.
How large is The Ferrari Foundation?
As of 2024, The Ferrari Foundation holds $8.3M in total assets with $1.8M in annual revenue. It awarded 1 grant totaling $250K in 2024.
Where does The Ferrari Foundation operate?
The Ferrari Foundation has awarded grants in California, Connecticut.
What size grants does The Ferrari Foundation award?
In 2024, The Ferrari Foundation awarded 1 grant totaling $250K — an average of about $250K per grant, based on its IRS Form 990 filings.
What is The Ferrari Foundation's EIN?
The Ferrari Foundation's EIN (Employer Identification Number) is 92-2206921. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.