Raymond and Gloria Naftali Foundation

Overview

The Raymond and Gloria Naftali Foundation is a private foundation located in New York, NY. It operates as a philanthropic organization focused on charitable purposes, classified under the category of Philanthropy, Voluntarism, and Grantmaking Foundations[1][3]. The foundation's activities are primarily centered around grantmaking.

Financial Information

As of 2023, the foundation reported a revenue of $50,200 and expenses totaling $252,000. It held total assets of approximately $4.57 million with no liabilities[1]. In the same year, the foundation awarded grants valued at $173,106[2].

Grantmaking Activities

Historically, the foundation has made a limited number of grants annually, with a notable increase in activity in recent years. For instance, it issued six grants in 2023 and ten in both 2021 and 2022[2]. Prior to 2020, the number of grants awarded was significantly lower, often only one per year[2].

Governance

The foundation is run by a board of directors, although specific details about current members are not publicly available[5]. In the past, key roles were held by individuals such as Gloria Naftali as President, Dominick Porto as Secretary, and Arthur Koplowitz as Treasurer[1].

Purpose and Activities

While specific details about the foundation's focus areas are not widely documented, it operates within the broader framework of philanthropy and grantmaking. Its mission aligns with supporting charitable causes, although specific target areas or recipients of grants are not generally disclosed[2][3].

[1] https://projects.propublica.org/nonprofits/organizations/261267667 [2] https://www.instrumentl.com/990-report/raymond-and-gloria-naftali-foundation-inc [3] https://fconline.foundationcenter.org/fdo-grantmaker-profile/?key=RAYM421 [4] https://www.causeiq.com/organizations/the-raymond-and-gloria-naftali-foundation,261267667/ [5] https://www.grantmakers.io/profiles/v0/261267667-raymond-and-gloria-naftali-foundation/