Timothy and Michele Barakett Foundation
The Timothy and Michele Barakett Foundation is a private foundation based in New York, NY. In 2024, it reported 35 grants totaling $8,839,000, including grants to Harvard College, Rethink Food NYC, EducationSuperHighway, and organizations in arts, education, health, and other fields.
Timothy and Michele Barakett Foundation at a glance
In short: Timothy and Michele Barakett Foundation gave $8.8M across 35 grants in 2024 (avg $253K), mostly in Massachusetts. 16% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,839,000
- +17.2% vs 2023
- Grants made (2024)
- 35
- +9.4% vs 2023
- Average grant
- $252,543
- +7.2% vs 2023
- Median grant
- $50,000
- Total assets
- $9,661,775
- -19.0% vs 2023
- New grantees (estimate)
- 16% first-time grantees (4 of 25, 2024)
- Primary geography
- Massachusetts (76% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Timothy and Michele Barakett Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: 244 Fifth Ave Suite 2927, New York, NY 10001
Phone: (212) 256-8522
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Timothy and Michele Barakett Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Harvard College ($6.5M across 10 grants). Together the top 10 received $8.6M.
Grant Size Distribution
202 grants across all recorded years
The most common grant size was under $50K: 83 grants of 202 (41%).
Geographic Focus
Where this funder awards grants
In 2024, reported grant dollars went primarily to Massachusetts (76%) and New York (19%), with 5% going to California. Georgia and Rhode Island each accounted for 0% of grant dollars.
Grant Distribution by State
Share of 2024 grant dollars across all 35 itemized grants.
Cities
Is Timothy and Michele Barakett Foundation open to new grantees?
16%
first-time grantees, 2024
In 2024, 4 of 25 grantees (16%) were first-time recipients. First grants averaged $93K; repeat grants $403K. How we count
Medians: $55K first-time, $25K repeat.
- 64% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 766% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $7.5M (2023) to $15.7M (2020). In 2024 it made 35 grants totaling $8.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard College Cambridge, MA | Michele and Timothy Barakett FAS Dean's Discretionary Fund | $2,000,000 |
| Harvard College Cambridge, MA | Michele and Timothy Barakett Start-up Grant Program Fund | $1,440,000 |
| Harvard College Cambridge, MA | Timothy and michele barakett harvard quantum initiative support fund | $1,000,000 |
| Rethink Food NYC Inc New York, NY | Second Installment of Pledge | $750,000 |
| Harvard College Cambridge, MA | Barakett Family Athletic Director's Discretionary Fund | $500,000 |
| Harvard College Cambridge, MA | Barakett, GSE Barakett Family Fellowship | $500,000 |
| Harvard College Cambridge, MA | Cohasset Undergraduate Fund | $500,000 |
| Education Super Highway San Francisco, CA | Donation to support organization to upgrade the internet access in public schools in America | $400,000 |
| Harvard College Cambridge, MA | HBS Dean's Honorary Endowment for Business and Society | $250,000 |
| Lawrence Catholic Academy Lawrence, MA | Lawrence Catholic Academy Building Campaign | $250,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,661,775 | $6,877,907 | $9,133,047 | $8,839,000 | 35 | $8,839,000 | $5,858,299 | $1,154,528 |
| 2023 | $11,921,915 | $469,559 | $7,857,191 | $7,538,760 | 32 | $7,538,760 | $187,903 | $1,296,784 |
| 2022 | $17,703,403 | $14,404,342 | $11,955,308 | $11,698,500 | 40 | $11,698,500 | $5,772,809 | $2,338,276 |
| 2021 | $21,091,826 | $6,120,685 | $13,503,444 | $10,632,500 | 41 | $10,632,500 | — | $3,235,146 |
| 2020 | $30,789,888 | $9,384,595 | $16,141,909 | $15,730,772 | 54 | — | $4,002,855 | $2,617,992 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for Harvard College funds for faculty, student, athletic, and research purposes; a food organization; public-school internet access; a school building campaign; and cultural and health organizations.
The grantees describe their own missions in varied terms. For example, the Bridge Golf Foundation says it uses golf to improve life outcomes for young men of color. The Alvin Ailey Dance Foundation says it provides dance performances, training and education, and community programs. Prep for Prep describes its mission as providing educational access and opportunity to promising New York City students. These are grantees’ stated missions, not stated priorities of the foundation.
Grantmaking
In 2024, the foundation reported 35 grants totaling $8,839,000. Grant amounts ranged from $1,000 to $2,000,000, with a median of $50,000.
Among the largest reported grants were $2,000,000 to Harvard College for the Michele and Timothy Barakett FAS Dean’s Discretionary Fund; $1,440,000 to Harvard College for the Michele and Timothy Barakett Start-Up Grant Program Fund; and $1,000,000 to Harvard College for the Timothy and Michele Barakett Harvard Quantum Initiative Support Fund. Other notable grants included $750,000 to Rethink Food NYC as a second installment of a pledge, $400,000 to EducationSuperHighway to support internet access upgrades in public schools, and $250,000 each to Lawrence Catholic Academy for its building campaign and Central Park Conservancy for the For All campaign.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Timothy Barakett and Michele Barakett as trustees.
Timothy and Michele Barakett Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michele Barakett
Trustee
On filings since 2020
1 hr/week
No compensation reported
Timothy Barakett
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Timothy and Michele Barakett Foundation
How much does Timothy and Michele Barakett Foundation give each year?
Timothy and Michele Barakett Foundation gave $8.8M across 35 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.5M across 32 grants.
What is Timothy and Michele Barakett Foundation's typical grant size?
Timothy and Michele Barakett Foundation's median grant in 2024 was $50,000, and its average grant was $252,543, across 35 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Timothy and Michele Barakett Foundation that year got $93K on average.
Where does Timothy and Michele Barakett Foundation give grants?
Timothy and Michele Barakett Foundation gives mostly in Massachusetts: 76% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (19%). The most frequent recipient cities were New York, NY (16 grants) and Cambridge, MA (10 grants).
Does Timothy and Michele Barakett Foundation give general operating support?
Yes: 11% of Timothy and Michele Barakett Foundation's 2024 grants with a stated purpose (4 of 35) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Timothy and Michele Barakett Foundation's largest grantees?
Timothy and Michele Barakett Foundation's largest 2024 grantees include Harvard College ($6,490,000 across 10 grants), Rethink Food NYC Inc ($750,000) and Education Super Highway ($400,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is Timothy and Michele Barakett Foundation?
Timothy and Michele Barakett Foundation reported $9.7M in total assets on its 2024 IRS Form 990-PF. It paid out $8.8M in qualifying distributions that year, against a required minimum of $1.2M (roughly 5% of its investment assets).
What does Timothy and Michele Barakett Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include support for Harvard College funds for faculty, student, athletic, and research purposes; a food organization; public-school internet access; a school building campaign; and cultural and health organizations. See mission & focus areas ↑
How do I apply for a grant from Timothy and Michele Barakett Foundation?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Timothy and Michele Barakett Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Timothy and Michele Barakett Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/timothy-and-michele-barakett-foundation-morg_09af9902849240f298b9b4c1a64411f3
BibTeX
@misc{grantable_266140904_2026,
author = {{Grantable}},
title = {{Timothy and Michele Barakett Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/timothy-and-michele-barakett-foundation-morg_09af9902849240f298b9b4c1a64411f3},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Timothy and Michele Barakett Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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