Arison Arts Foundation
- Assets
- $423.1m
- Revenue
- $51.5m
- Investments
- $412.9m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 13-7450689
Organization Overview
Arison Arts Foundation is located in Coral Gables, FL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Arison Arts 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, Arison Arts Foundation generated $51.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $41.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arison Arts Foundation has awarded 321 individual grants totaling $126,180,949. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Arison Co Afo Llc President | 55 | $0 | |
John J O'neil Co Afo Llc Avp/assistant Treasurer | 5 | $0 | |
Richard L Kohan Co Afo Llc Avp/treasurer/secretary | 5 | $0 | |
Wells Fargo Bank Na Trustee | 5 | $700,888 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Natixisloomis Sayles | 12/30/22 | $88,160 |
Ubs Institutional Consulting | 12/30/22 | $847,480 |
Eagle Capital Management | 12/30/22 | $139,287 |
Diamond Hill Capital Management | 12/30/22 | $86,187 |
Brown Advisory Management | 12/30/22 | $68,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,638,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,039,788 |
| Capital Gain Net Income | $38,039,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,847,144 |
| Total Revenue | $51,525,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $700,888 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,143,715 |
| Taxes | $1,242,570 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,559,104 |
| Contributions, gifts, grants paid | $28,854,278 |
| Total expenses and disbursements | $41,413,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,256,070 |
| 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 | $74,232,944 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $423,109,244 |
| 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, Arison Arts Foundation has awarded $28,854,278 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOR THE ARTS PURPOSE: GENERAL SUPPORT | $100,000 |
AMERICAN FOUNDATION OF THE SERPENTINE GALLERIES PURPOSE: GENERAL SUPPORT | $50,000 |
AMERICAN FRIENDS OF BATSHEVA DANCE PURPOSE: GENERAL SUPPORT | $75,000 |
ACADEMY FOR TEACHERS PURPOSE: GENERAL SUPPORT | $1,000 |
ART PRODUCTION FUND INC PURPOSE: GENERAL SUPPORT | $15,000 |
ANDERSON RANCH ARTS FOUNDATION PURPOSE: GENERAL SUPPORT | $47,500 |