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THE ALVAREZ CHARITABLE FOUNDATION INC

NEW YORK, NY · EIN 223479932 · Form 990PF · FY2024 · NTEE B82 · Education · Medium ($1M-$10M)
revenue
$8.3M
expenses
$47K
net assets
$23.3M
employees
profile · synthesized from sources

The Alvarez Charitable Foundation Inc is a private foundation based in New York that provides financial support to organizations in education, public welfare, and the arts. It makes grants to U.S.-based and international nonprofit institutions, with a focus on educational advancement and cultural preservation. In 2024, it distributed over $2.6 million in grants to a diverse portfolio of recipients.

named programs · 3 · from sources

What they call their work

Cultural and Arts Support Program
Funds arts organizations and cultural exchange initiatives, including ballet, music, and heritage preservation
Education Grants Program
Provides financial support to educational institutions and initiatives, including universities and K–12 schools, in the United States and the Philippines
Public Welfare Grants
Supports nonprofit organizations focused on public welfare, including health and research institutions
activities · 4 groups

What they do

  • Art Museum Funding and Support 1 activity
    • Funding cultural and arts institutions
      Funds organizations dedicated to cultural preservation and the arts, including the Statue of Liberty-Ellis Island Fund, American Ballet Theatre, and Asian Cultural Council, with grants ranging from $132,800 to over $1 million.
  • Multi-Institution Scholarship Funding 1 activity
    • Funding education institutions
      Provides financial support to educational institutions including NYU Stern School of Business, Cornell University, University of Tulane, Dwight Englewood School, and Elizabeth Morrow School through grants ranging from $37,500 to $160,000.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding international charitable initiatives
      Supports international philanthropic efforts, including a $900,000 grant to Alvarez Foundation Philippines.
  • General Operating Support Grants 1 activity
    • Funding medical research and public welfare organizations
      Provides grants to medical research and public welfare institutions such as the Cancer Research Institute ($75,000), City of Hope ($55,000), and Children's Orchestra Society ($51,000).
financials · form 990PF · fy2024
revenue
Total revenue$8.34M
Contributions & grants$7.62M91%
Program service revenue
Investment income$590K7%
Other revenue$124K
expenses
Total expenses$47K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$2.91M
balance sheet
Total assets$23.38M
Cash
Investments
Liabilities
Net assets$23.34M
4 years on record · 2020–2024 · YoY revenue +43.7%
relationships · 12

Who they work with

  • ALVAREZ FOUNDATION PHILIPPINES Partner — Funded with $900,000 for financial support in 2024
  • AMERICAN BALLET THEATRE Partner — Funded with $132,800 for financial support in 2024
  • ASIAN CULTURAL COUNCIL Partner — Funded with $185,000 for financial support in 2024
  • CANCER RESEARCH INSTITUTE Partner — Funded with $75,000 for financial support in 2024
  • CHILDREN'S ORCHESTRA SOCIETY Partner — Funded with $51,000 for financial support in 2024
  • CITY OF HOPE Partner — Funded with $55,000 for public welfare in 2024
  • CORNELL UNIVERSITY Partner — Funded with $50,000 to support education in 2024
  • DWIGHT ENGLEWOOD SCHOOL Partner — Funded with $37,603 for financial support in 2024
  • ELIZABETH MORROW SCHOOL Partner — Funded with $37,500 to support education in 2024
  • NYU STERN SCHOOL OF BUSINESS Partner — Funded with $160,000 to support education in 2024
  • STATUE OF LIBERTY- ELLIS ISLAND FUND Partner — Funded with $1,050,000 for financial support in 2024
  • UNIVERSITY OF TULANE Partner — Funded with $40,000 for financial support in 2024