Weiss Asset Management Foundation Inc
Weiss Asset Management Foundation Inc is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.1M in total assets. In 2024, it awarded 6 grants totaling $6.2M. Net investment income was $370K.
Weiss Asset Management Foundation Inc at a glance
In short: Weiss Asset Management Foundation Inc gave $6.2M across 6 grants in 2024 (avg $1.0M), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,161,600
- +934.0% vs 2023
- Grants made (2024)
- 6
- +20.0% vs 2023
- Average grant
- $1,026,933
- +761.7% vs 2023
- Median grant
- $325,000
- Total assets
- $17,110,786
- -5.8% vs 2023
- Primary geography
- Ohio (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Weiss Asset Management Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Fidelity Charitable Gift Fund ($4.5M). Together the top 6 received $6.2M.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was in the $250–500K range: 6 grants of 18 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Weiss Asset Management Foundation Inc gives
- Giving grew 541% from 2021 to 2024. Method
- In 2024 it paid out 734% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $596K (2023) to $6.2M (2024). In 2024 it made 6 grants totaling $6.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Gift Fund Cincinnati, OH | General | $4,500,000 |
| University of Capetown | General | $700,000 |
| Alima USA Inc New York, NY | General | $400,000 |
| Kyaninga Child Development Centre | General | $250,000 |
| Icpcn | General | $179,850 |
| Emergency Medicine Kenya Foundation | General | $131,750 |
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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 | $17,110,786 | $5,507,415 | $6,562,637 | $6,161,600 | 6 | $6,346,600 | $370,318 | $864,809 |
| 2023 | $18,166,008 | $9,189,640 | $932,493 | $595,876 | 5 | $767,207 | $196,547 | $576,290 |
| 2022 | $9,908,861 | $8,731,229 | $959,116 | $883,335 | 4 | $921,464 | $23,541 | $287,860 |
| 2021 | $2,136,748 | $2,037,516 | $974,667 | $961,480 | 3 | $965,156 | — | $91,267 |
| 2020 | $1,073,899 | $1,063,644 | $2,249 | — | — | — | $2,594 | $47,988 |
Under IRS private-foundation payout rules, Weiss Asset Management Foundation Inc reported a distributable amount of $865K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Weiss Asset Management Foundation Inc is led by Andrew Weiss, Director & President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andrew Weiss
Director & President
On filings since 2020
1.5 hrs/week
No compensation reported
Matt Rinaldi
Director
On filings since 2021
1.5 hrs/week
No compensation reported
Benjamin Kornfeld
Director
On filings since 2022
1.5 hrs/week
No compensation reported
Daniel Bradford
Vice President
On filings since 2022
1.5 hrs/week
No compensation reported
Daniel Fu
Vice President
On filings since 2022
1.5 hrs/week
No compensation reported
Former officers (5)
- Former: Paul Sherman (2020–2022) — Director · Filing note: Thru 72022
- Former: Danielle Weiss (2020–2021) — Director · Filing note: Through October 2021
- Former: Ben Kornfeld (2021) — Director · Filing note: Effective 2022
- Former: Eitan Milgram (2020) — Director & Treasurer · Filing note: Thru 320
- Former: Matt Rinaldi Eff (2020) — Director
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 Weiss Asset Management Foundation Inc
How much does Weiss Asset Management Foundation Inc give each year?
Weiss Asset Management Foundation Inc gave $6.2M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $596K across 5 grants.
What is Weiss Asset Management Foundation Inc's typical grant size?
Weiss Asset Management Foundation Inc's median grant in 2024 was $325,000, and its average grant was $1,026,933, across 6 grants on its 2024 IRS Form 990-PF.
Where does Weiss Asset Management Foundation Inc give grants?
Weiss Asset Management Foundation Inc gives mostly in Ohio: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (6%).
Does Weiss Asset Management Foundation Inc give general operating support?
Yes: 100% of Weiss Asset Management Foundation Inc's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Weiss Asset Management Foundation Inc's largest grantees?
Weiss Asset Management Foundation Inc's largest 2024 grantees include Fidelity Charitable Gift Fund ($4,500,000), University of Capetown ($700,000) and Alima USA Inc ($400,000), according to its 2024 IRS Form 990-PF. Together they received 91% of its itemized 2024 grant dollars.
How large is Weiss Asset Management Foundation Inc?
Weiss Asset Management Foundation Inc reported $17.1M in total assets on its 2024 IRS Form 990-PF. It paid out $6.3M in qualifying distributions that year, against a required minimum of $865K (roughly 5% of its investment assets).
What is Weiss Asset Management Foundation Inc's EIN?
Weiss Asset Management Foundation Inc's EIN (Employer Identification Number) is 38-6888725. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Added Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Weiss Asset Management Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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