The Jaharis Family Foundation Inc
The Jaharis Family Foundation Inc is a private foundation based in New York City, established in 1986 in Florida. The foundation operates as a family philanthropy focused on supporting educational, cultural, and humanitarian causes. The organization maintains offices at 499 Park Avenue in Manhattan.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$1.3M
-82.8% YoY
Grant Count
3
-93.5% YoY
Avg Grant Size
$442K
+163.1% YoY
Under IRS private-foundation payout rules, The Jaharis Family Foundation Inc reported a distributable amount of $244K for 2023 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Arts and culture, particularly Greek and Byzantine art
- Philanthropy and grantmaking
- Human services
- Humanitarian relief efforts
The foundation has established permanent exhibitions in Greek and Byzantine art at the Metropolitan Museum of Art in New York and at the Art Institute of Chicago.
Grantmaking
Recent grants made by the foundation include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, with a particular emphasis on institutions in the New York City area. The foundation has also supported relief efforts internationally, notably pledging $2 million in 2013 to hunger and poverty relief efforts in Greece through the International Orthodox Christian Charities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $105,622,776
- Total revenues: $10,989,736
- Total expenses: $4,820,072
- Total giving: $4,059,727
Revenue breakdown (FY 2024):
- Investment income and dividends: $2,935,148
- Net gain from sale of non-inventory assets: $7,147,145
- Miscellaneous revenues: $907,443
The foundation's assets and revenues have grown significantly, with investment income increasing 764.9% from the prior year.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $156,446,773 | $140,073,158 |
| Revenue | $3,911,437 | $26,503,530 | $8,411,744 |
| Expenses | $2,110,247 | $10,129,915 | $12,435,766 |
| Qualifying Distributions | $1,325,000 | $7,721,432 | — |
| Net Investment Income | $2,142,587 | $24,821,587 | $6,969,909 |
| Distributable Amount | $244,493 | $6,957,734 | $8,530,512 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
Grant Size Distribution
138 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Columbia University Vagelos College of Physicians and Surgeons ($700,000), Metropolitan Museum of Art ($500,000), Metropolitan Opera Association Inc ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLUMBIA UNIVERSITY VAGELOS COLLEGE OF PHYSICIANS AND SURGEONS NEW YORK, NY | GENERAL PURPOSE | $700,000 |
| METROPOLITAN MUSEUM OF ART NEW YORK, NY | GENERAL PURPOSE | $500,000 |
| METROPOLITAN OPERA ASSOCIATION INC NEW YORK, NY | GENERAL PURPOSE | $125,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Michael Jaharis (1928-2016) - Co-founder of the Jaharis Family Foundation with his wife Mary. He was a pharmaceutical executive who founded Kos Pharmaceuticals and served as CEO of Key Pharmaceuticals. He was a trustee of Tufts University and served on the boards of Columbia University Medical Center and Weill Cornell Medical College.
Mary Jaharis - Co-founder of the foundation in 1986.
Steven Jaharis - Board member; son of Michael and Mary Jaharis.
Kathryn Jaharis - Director of related foundation entities; daughter of Michael and Mary Jaharis.
Peggy Sotirhos Nicholson - Executive Director of the Jaharis Family Foundation.
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY JAHARIS | DIRECTOR/ PRESIDENT | 0.5 | — |
| STEVEN JAHARIS | DIRECTOR/ VICE PRESIDENT | 0.5 | — |
| KATHRYN JAHARIS | DIRECTOR | 0.5 | — |
| STEVEN K ARONOFF | DIRECTOR | 0.5 | — |
| PELAGIA SOTIRHOS NICHOLSON | SECRETARY/ EXECUTIVE DIRECTOR | 5 | $19,000 |
Recent News & Activity
Recent developments and announcements
In 2013, the Jaharis Family Foundation announced a $2 million Challenge Gift specifically targeting hunger and poverty relief efforts for children and families in Greece. The gift was distributed through the International Orthodox Christian Charities in cooperation with "Apostole," the humanitarian affiliate organization of the Archdiocese of Greece.
The Jaharis Foundation Pledges $2 Million to Relief Efforts in GreeceThe foundation has continued active grantmaking to major cultural and educational institutions, including recent substantial gifts to the Metropolitan Museum of Art and educational institutions such as Hellenic College-Holy Cross Greek Orthodox School of Theology and Haverford College.
Frequently Asked Questions
What does The Jaharis Family Foundation Inc fund?
The foundation's primary funding interests include: • Education • Arts and culture, particularly Greek and Byzantine art • Philanthropy and grantmaking • Human services • Humanitarian relief efforts The foundation has established permanent exhibitions in Greek and Byzantine art at the Metropolitan Museum of Art in New York and at the Art Institute of Chicago.
How do I apply for a grant from The Jaharis Family Foundation Inc?
Recent grants made by the foundation include: • Metropolitan Museum of Art: $500,000 (General Purpose) • Hellenic College-Holy Cross Greek Orthodox School of Theology: $389,227 (Educational) • Corporation of Haverford College: $100,000 (General Purpose) • Fordham University: $500,000 (Charitable Purposes) The foundation has distributed approximately $4 million in grants in recent fiscal years. Typical award ranges have historically been between $1,500 and $2,040,000.
Where does The Jaharis Family Foundation Inc make grants?
The foundation primarily funds organizations in New York, with a particular emphasis on institutions in the New York City area. The foundation has also supported relief efforts internationally, notably pledging $2 million in 2013 to hunger and poverty relief efforts in Greece through the International Orthodox Christian Charities.
What size grants does The Jaharis Family Foundation Inc award?
In 2023, The Jaharis Family Foundation Inc awarded 3 grants totaling $1.3M — an average of about $442K per grant, based on its IRS Form 990 filings.
How much is The Jaharis Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Jaharis Family Foundation Inc reported a distributable amount of $244K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jaharis Family Foundation Inc's EIN?
The Jaharis Family Foundation Inc's EIN (Employer Identification Number) is 59-2751110. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in The Jaharis Family Foundation Inc'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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