Walentas Foundation Ltd is a private foundation established in 2012 and designated as a 501(c)(3) organization. The foundation is based in Southampton, New York, with offices in Brooklyn. It is supported by real estate billionaire David C. Walentas and his wife Jane, who has worked as an art director. The foundation maintains a low public profile and does not operate a dedicated website.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$2.5M
-18.2% YoY
Grant Count
119
-0.8% YoY
Avg Grant Size
$21K
-17.5% YoY
Mission & Focus Areas
The foundation funds grantmaking related to:
- Arts and culture
- Arts education
- Education
- Youth development
- Civic development and community development
The foundation has been instrumental in supporting cultural initiatives, including the creation of The Sharpe-Walentas Studio Program, which awards studio space to visual artists for year-long residencies. Since its founding, over 400 artists have participated in the program. The family also supported the restoration of Jane's Carousel, a historic 1922 carousel now located in Brooklyn Bridge Park.
Grantmaking
In 2024, the foundation distributed $2,715,742 in grants. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
Brooklyn, New York serves as an important region of giving for the foundation. The foundation has a particular focus on supporting institutions and programs within New York City.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total revenues: $3,440,000
- Total expenses: $3,440,000
- Total assets: $0
- Number of employees: 0
2023 Financial Data:
- Total revenues: $3,595,000
- Total expenses: $3,595,000
- Total assets: $0
The foundation's revenues consist entirely of grants and contributions, with no investment income, rental income, or other revenue sources reported.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Walentas Foundation Ltd
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- David C. Walentas – Founder and supporter of the foundation; founder of Two Trees Management
- Jane Walentas – Co-founder; art director
- Jed Walentas – Vice president of the foundation; CEO of Two Trees Management (since 2011); son of David and Jane Walentas
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID C WALENTAS | PRESIDENT | 5 | — |
| JED WALENTAS | VICE PRESIDENT | 5 | — |
| DAVID C WALENTAS | TREASURER | — | — |
Recent News & Activity
Recent developments and announcements
The Walentas family has launched **The David Prize**, a $1 million award program recognizing NYC visionaries and innovators. The prize is associated with the foundation and reflects the family's commitment to supporting transformative work in New York City.
Walentas Family Foundation Awards $250K to Brooklyn Schools - BKReaderThe foundation continues to support Brooklyn schools and educational initiatives, with recent grants distributed to multiple schools across Brooklyn districts to strengthen learning and community engagement programs.
Walentas Family Foundation Awards $250K to Brooklyn Schools - BKReaderSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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