The Versace Foundation
The Versace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $10.0M in total assets. In 2025, it awarded 2 grants totaling $450K. Net investment income was $634K.
Key facts about The Versace Foundation
In short: The Versace Foundation gave $450K across 2 grants in 2025 (avg $225K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 88-1431511
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $450,000
- Grants made (2025)
- 2
- Average grant
- $225,000
- Median grant
- $225,000
- Total assets
- $9,989,102
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$10.0M
+1.7% YoY
Annual Giving
$450K
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$225K
+0.0% YoY
Under IRS private-foundation payout rules, The Versace Foundation reported a distributable amount of $526K for 2025 — the minimum it must pay out in qualifying distributions.
How The Versace Foundation gives
- In 2025 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CLOONEY FOUNDATION FOR JUSTICE New York, NY | GENERAL SUPPORT | $250,000 |
| ELTON JOHN AIDS FOUNDATION New York, NY | GENERAL SUPPORT | $200,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $9,989,102 | $9,824,532 | $9,974,461 |
| Revenue | $689,758 | $375,044 | $10,000,000 |
| Expenses | $540,160 | $535,669 | $25,539 |
| Qualifying Distributions | $479,491 | $505,096 | $25,291 |
| Net Investment Income | $634,089 | $352,471 | — |
| Distributable Amount | $526,054 | $488,465 | $144,349 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 21, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 27, 2026)
- IRS filings on file for fiscal years 2022–2025
Leadership & Key People
Officers and directors from IRS filings
The Versace Foundation is led by Brian Henke, Director & President on every filing since 2022; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Brian Henke
Director & President
On filings since 2022
1 hr/week
No compensation reported
Krista McDonough
Director & Chair
Chair → Director & Chair, 2023
On filings since 2022
3 hrs/week
No compensation reported
Candida Goes
Director
On filings since 2022
3 hrs/week
No compensation reported
Alexandra Simmerson
Secretary
On filings since 2022
1 hr/week
No compensation reported
Tai Carr-Fraser
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: David Provenzano (2022–2024) — Treasurer
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Versace Foundation
How much does The Versace Foundation give each year?
The Versace Foundation gave $450K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $450K across 2 grants.
How large is The Versace Foundation?
The Versace Foundation reported $10.0M in total assets on its 2025 IRS Form 990-PF. It paid out $479K in qualifying distributions that year, against a required minimum of $526K (roughly 5% of its investment assets).
What is The Versace Foundation?
The Versace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $10.0M in total assets as of 2025.
Where does The Versace Foundation operate?
The Versace Foundation has awarded grants in New York.
What is The Versace Foundation's EIN?
The Versace Foundation's EIN (Employer Identification Number) is 88-1431511. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Versace Foundation by hand.
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