The Fairholme Foundation
- Assets
- $278.3m
- Revenue
- $1.3m
- Investments
- $277.6m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 01-0718240
Organization Overview
The Fairholme Foundation is located in Coral Gables, FL. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairholme Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Fairholme Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (41.7%) each year. All expenses for the organization totaled $12.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Fairholme Foundation has awarded 248 individual grants totaling $57,611,630. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE EVENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Berkowitz Trustee | 5 | $0 | |
Tracey Berkowitz Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $1,033,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,522 |
| Capital Gain Net Income | $246,522 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,279,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,725 |
| Contributions, gifts, grants paid | $12,735,200 |
| Total expenses and disbursements | $12,745,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,751 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $278,300,267 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Fairholme Foundation has awarded $12,735,200 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BEAVER COUNTRY DAY SCHOOL PURPOSE: GENERAL PURPOSE | $350,000 |
BERKOWITZ CONTEMPORARY FOUNDATION INC PURPOSE: GENERAL PURPOSE | $12,050,000 |
BREAKTHROUGH MIAMI PURPOSE: GENERAL PURPOSE | $18,000 |
BRIDGEHAMPTON FIRE DEPARTMENT PURPOSE: GENERAL PURPOSE | $100 |
DOLPHIN RESEARCH CENTER PURPOSE: GENERAL PURPOSE | $500 |
FRIENDSHIP CIRCLE MIAMI PURPOSE: GENERAL PURPOSE | $110,000 |