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 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 2 grants totaling $450K. Net investment income was $352K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.8M
-1.5% YoY
Annual Giving
$450K
+2150.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$225K
+1025.0% YoY
Under IRS private-foundation payout rules, The Versace Foundation reported a distributable amount of $488K for 2024 — the minimum it must pay out in qualifying distributions.
About The Versace Foundation
Based on IRS filings
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 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 2 grants totaling $450K. Net investment income was $352K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,824,532 | $9,974,461 | — |
| Revenue | $375,044 | $10,000,000 | — |
| Expenses | $535,669 | $25,539 | — |
| Qualifying Distributions | $505,096 | $25,291 | — |
| Net Investment Income | $352,471 | — | — |
| Distributable Amount | $488,465 | $144,349 | — |
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 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 include Clooney Foundation for Justice ($250,000), Elton John Aids Foundation ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ELTON JOHN AIDS FOUNDATION NEW YORK, NY | GENERAL SUPPORT | $200,000 |
| CLOONEY FOUNDATION FOR JUSTICE NEW YORK, NY | GENERAL SUPPORT | $250,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN HENKE | DIRECTOR, PRESIDENT | 1 | — |
| CANDIDA GOES | DIRECTOR | 3 | — |
| KRISTA MCDONOUGH | DIRECTOR,CHAIR | 3 | — |
| DAVID PROVENZANO | TREASURER | 1 | — |
| ALEXANDRA SIMMERSON | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Versace Foundation?
The Versace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $9.8M in total assets as of 2024.
How large is The Versace Foundation?
As of 2024, The Versace Foundation holds $9.8M in total assets with $375K in annual revenue. It awarded 2 grants totaling $450K in 2024.
Where does The Versace Foundation operate?
The Versace Foundation has awarded grants in New York.
What size grants does The Versace Foundation award?
In 2024, The Versace Foundation awarded 2 grants totaling $450K — an average of about $225K per grant, based on its IRS Form 990 filings.
How much is The Versace Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Versace Foundation reported a distributable amount of $488K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Versace Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.