Timothy and Michele Barakett Foundation
The Timothy and Michele Barakett Foundation is a private grantmaking foundation established in 2007 and based in New York City. It holds 501(c)(3) tax-exempt status and operates as a family foundation focused on philanthropic giving across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.7M
-19.0% YoY
Annual Giving
$8.8M
+17.2% YoY
Grant Count
35
+9.4% YoY
Avg Grant Size
$253K
+7.2% YoY
Under IRS private-foundation payout rules, Timothy and Michele Barakett Foundation reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not publicly specify particular subject areas of focus. However, based on grant activity, the foundation supports education, philanthropy and grantmaking, and human services. Recent grants indicate funding interests in food security, medical research, and sports-related charitable work.
Grantmaking
The foundation is an active grantmaker with significant annual distributions. Recent financial data shows:
Grant Range
** Typical awards range from $1,000 to $2,000,000
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple U.S. locations including:
- Cities: Binghamton, Boston, Cambridge, Lincoln, Menlo Park, New York, Oakland, Palo Alto, and Washington DC
- States: California, Massachusetts, New York, Rhode Island, and Washington DC
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $11.9 million
- Total revenues: $469,559
- Total expenses: $7.86 million
- Total liabilities: $5,000
- Investment income and dividends: $172,660
As of 2024:
- Total assets: $9.66 million
- Total giving: $8.84 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,661,775 | $11,921,915 | $17,703,403 |
| Revenue | $6,877,907 | $469,559 | $14,404,342 |
| Expenses | $9,133,047 | $7,857,191 | $11,955,308 |
| Qualifying Distributions | $8,839,000 | $7,538,760 | $11,698,500 |
| Net Investment Income | $5,858,299 | $187,903 | $5,772,809 |
| Distributable Amount | $1,154,528 | $1,296,784 | $2,338,276 |
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
198 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harvard College ($2,000,000), Harvard College ($1,440,000), Harvard College ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALVIN AILEY DANCE FOUNDATION INC NEW YORK, NY | DONATION TO JOIN THE ARTISTIC DIRECTOR'S CIRCLE MEMBERSHIP | $20,000 |
| AMAZON WATCH OAKLAND, CA | GENERAL DONATION TO SUPPORT INDIGENOUS PEOPLES PROTECTING THE AMAZON RAINFOREST | $20,000 |
| AMERICAN CANCER SOCIETY KENNESAW, GA | DONATION TO DANCE AGAINST CANCER BENEFIT | $5,000 |
| CENTER FOR HEARING AND COMMUNICATIONS NEW YORK, NY | DONATION TO ANNUAL FEAST FUNDRAISER | $25,000 |
| CENTRAL PARK CONSERVANCY NEW YORK, NY | MEMBERSHIP LEVEL DONATION TOWARD UPKEEP AND PRESERVATION OF CENTRAL PARK | $50,000 |
| EDUCATION SUPER HIGHWAY SAN FRANCISCO, CA | DONATION TO SUPPORT ORGANIZATION TO UPGRADE THE INTERNET ACCESS IN PUBLIC SCHOOLS IN AMERICA | $400,000 |
| GILDER LEHRMAN INSTITUTE NEW YORK, NY | DONATION TO GALA, HONORING KATHY AND KEN CHENAULT | $25,000 |
| GREATER NY FOUNDATION NEW YORK, NY | DONATION TO CIVIC INSTITUTION FOR CROSS-SECTOR PROBLEM SOLVING IN NEW YORK CITY | $25,000 |
| HARVARD COLLEGE CAMBRIDGE, MA | BARAKETT FAMILY ATHLETIC DIRECTOR'S DISCRETIONARY FUND | $500,000 |
| HARVARD COLLEGE CAMBRIDGE, MA | MICHELE AND TIMOTHY BARAKETT START-UP GRANT PROGRAM FUND | $1,440,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by two uncompensated trustees:
- Timothy Barakett — Trustee (1 hour per week, no compensation)
- Michele Barakett — Trustee (1 hour per week, no compensation)
Timothy R. Barakett is the founder, chairman, and CEO of the hedge fund Atticus Capital, LLC.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY BARAKETT | TRUSTEE | 1 | — |
| MICHELE BARAKETT | TRUSTEE | 1 | — |
Contact Information
Address: 244 5th Avenue, Suite 2927, New York City, NY 10001
Telephone: 212-256-8522
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Timothy and Michele Barakett Foundation fund?
The foundation does not publicly specify particular subject areas of focus. However, based on grant activity, the foundation supports education, philanthropy and grantmaking, and human services. Recent grants indicate funding interests in food security, medical research, and sports-related charitable work.
How do I apply for a grant from Timothy and Michele Barakett Foundation?
The foundation is an active grantmaker with significant annual distributions. Recent financial data shows: • **Total giving (2023):** $7.5 million across 32 grants • **Grant range:** Typical awards range from $1,000 to $2,000,000 • **Median grant size:** $50,000 • **Maximum grant:** $1.4 million Recent notable grants include: • $1,000,000 to Rethink Food NYC • $147,100 to Icahn School of Medicine at Mount Sinai (Dubin Breast Center's Annual Benefit Gala) • $100,000 to The Bridge Golf Foundation…
Where does Timothy and Michele Barakett Foundation make grants?
The foundation funds projects across multiple U.S. locations including: • **Cities:** Binghamton, Boston, Cambridge, Lincoln, Menlo Park, New York, Oakland, Palo Alto, and Washington DC • **States:** California, Massachusetts, New York, Rhode Island, and Washington DC
What size grants does Timothy and Michele Barakett Foundation award?
In 2024, Timothy and Michele Barakett Foundation awarded 35 grants totaling $8.8M — an average of about $253K per grant, based on its IRS Form 990 filings.
How much is Timothy and Michele Barakett Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Timothy and Michele Barakett Foundation reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Timothy and Michele Barakett Foundation's EIN?
Timothy and Michele Barakett Foundation's EIN (Employer Identification Number) is 26-6140904. IRS Form 990 filing data is available on this page for 2020–2024.
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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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