The Jaharis Family Foundation is a private 501(c)(3) foundation based in New York, NY. The organization was established in 2022 (with earlier iterations dating to 1986) and operates as a grantmaking foundation with no employees. As of fiscal year 2024, the foundation maintains total assets of $105,622,776.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$105.6M
+6.2% YoY
Annual Giving
$4.1M
+13.3% YoY
Grant Count
25
-19.4% YoY
Avg Grant Size
$162K
+40.5% YoY
Mission & Focus Areas
The foundation supports museums, cultural institutions, and universities. Primary funding areas include:
- Arts and cultural institutions
- Education
- Greek Orthodox Church and religious organizations
- Humanitarian relief efforts
The foundation has demonstrated particular commitment to supporting Greek, Byzantine, and medieval art collections, as well as programs addressing hunger and poverty relief.
Grantmaking
The foundation made 19 grants in the most recent fiscal year. Grant amounts have historically ranged from $1,500 to $2,040,000.
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Geographic Focus
Where this funder awards grants
The foundation funds primarily in New York, with national and international reach. Notable support has extended to relief efforts in Greece through partnerships with international charitable organizations.
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
- Investment Income and Dividends: $2,935,148
- Net Gain from Sale of Non-Inventory Assets: $7,147,145
Revenue Growth: Investment income increased 764.9% from FY 2023 to FY 2024. Miscellaneous revenues increased 1,887.3% year-over-year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $105,622,776 | $99,470,914 | — |
| Revenue | $10,989,736 | $385,027 | — |
| Expenses | $4,820,072 | $3,657,557 | — |
| Qualifying Distributions | $4,059,727 | $3,583,867 | — |
| Net Investment Income | $10,400,859 | $330,872 | — |
| Distributable Amount | $5,650,300 | $4,844,237 | — |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Mary Jaharis - Co-founder and President of the Jaharis Family Foundation. She is an Honorary Trustee of the Metropolitan Museum of Art, serves on the Board of Directors of the St. Catherine's Foundation, and is a Life Trustee of the Art Institute of Chicago. She founded the Mary Jaharis Center for Byzantine Art and Culture at Hellenic College Holy Cross Greek Orthodox School of Theology.
Peggy Sotirhos Nicholson - Executive Director
Steven Jaharis - Board Member
Michael Jaharis (1928–2016) - Co-founder. A pharmaceutical pioneer who co-founded Key Pharmaceuticals and Kos Pharmaceuticals. He was a major philanthropist supporting the Metropolitan Museum of Art, Art Institute of Chicago, Columbia University Medical Center, and played a key role in rebuilding St. Nicholas Church at Ground Zero.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY JAHARIS | DIRECTOR/PRESIDENT | 5 | — |
| STEVEN JAHARIS | DIRECTOR/VICE PRESIDENT | 5 | — |
| ELAINE JAHARIS | DIRECTOR | 5 | — |
| STEVEN K ARONOFF | DIRECTOR | 5 | — |
| PELAGIA SOTIRHOS NICHOLSON | EXECUTIVE DIRECTOR/SECRETARY | 15 | — |
Recent News & Activity
Recent developments and announcements
In November 2024, Mary Jaharis made a $50 million gift to the Metropolitan Museum of Art, one of the largest donations in the museum's history. The gift will support the creation of a new space reflecting diverse cultures and ideologies in modern and contemporary art.
Mary and Michael Jaharis: The $50 million donation to The Met and St. NicholasThe foundation has a history of supporting relief efforts in Greece. In 2013, the Jaharis Family Foundation pledged $2 million to hunger and poverty relief efforts targeting children and families in Greece, distributed through the International Orthodox Christian Charities in cooperation with the humanitarian affiliate of the Archdiocese of Greece.
Mary and Michael Jaharis: The $50 million donation to The Met and St. NicholasSubject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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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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