The Versace Foundation

Foundation · Grantmaker New York, NY EIN: 88-1431511

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

1state

Share of all 2 itemized 2025 grant dollars.

States

Cities

New York

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants20221 grants20232 grants20242 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Clooney Foundation for Justice: $250KClooney Foundation for Justice$250KElton John AIDS Foundation: $200KElton John AIDS Foundation$200K

Grant Size Distribution

5 grants across all recorded years

1<$50K$50–100K2$100–250K2$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CLOONEY FOUNDATION FOR JUSTICE New York, NYGENERAL SUPPORT$250,000
ELTON JOHN AIDS FOUNDATION New York, NYGENERAL SUPPORT$200,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M2022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 9, 2024)
  2. Updated Form 990-PF for fiscal year 2024 (received by the IRS January 21, 2025)
  3. Updated Form 990-PF for fiscal year 2025 (received by the IRS January 27, 2026)
  4. 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.

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