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ARETE FOUNDATION

PHILADELPHIA, PA 236779271

The Arete Foundation in Philadelphia supports arts, education, and human services across several U.S. cities and states, with assets of $45 million and managed by the Cohen family trustees.

Overview

About ARETE FOUNDATION

The Arete Foundation, based in Philadelphia, PA, is a philanthropic organization with assets totaling $45,050,715. The foundation's expenses amount to $10,170,564, while its revenue is $1,668,441. The foundation supports a variety of subject areas, including arts and culture, performing arts, museums, art museums, education, higher education, philanthropy, nonprofits, religion, Judaism, and human services. It provides funding to cities such as Bronx, Brooklyn, Chicago, Cooperstown, Islesboro, New York, Philadelphia, Princeton, Sarasota, Unity, Venice, and Washington, across states like DC, FL, IL, ME, NJ, NY, and PA. The foundation is managed by trustees Edward E. Cohen, Betsy Z. Cohen, Jonathan Z. Cohen, and Daniel G. Cohen, who serve without compensation.

Focus Areas

Arts and culturePerforming artsMuseumsArt museumsEducationHigher educationPhilanthropyNonprofitsReligionJudaismHuman services- Less

Geographic Focus

DCFLILMENJNYPA
Application Status

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Success Rates

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Average Grant Size

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Sample Match Score

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Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key Statistics
Total Assets $45.1M
Total Awarded This Year $6.3M
Average Grant Size $285K
Total Grants (Previous Year) 7,189
Open to New Applicants
false
% New Applicants Funded
0%
Contact Information
PHILADELPHIA, PA US
Geographic Funding Distribution

Financials

Total Assets
$45,050,715

in 2024, compared to $52,988,507 in 2023

Annual Grants
$6,274,260

22 grants awarded in 2024

Program Expenses
85%

Of total expenses go to programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$1,683,000THE METROPOLITAN OPERA ASSOCIATION INCCHARITABLESUPPORT FOR PHASE III CAMPAIGN FOR THE MET: SECURING THE FUTURE; FY 21 UNRESTRICTED GIFT; ...LINCOLN CENTER NEW YORK, NY US2023
$1,465,000THE METROPOLITAN OPERA ASSOCIATION INCCHARITABLESUPPORT FOR PHASE III CAMPAIGN FOR THE MET: SECURING THE FUTURE; FY 21 UNRESTRICTED GIFT; ...LINCOLN CENTER NEW YORK, NY US2022
$1,441,612VARIOUSVARIOUSVARIOUS VARIOUS, PA US2024
$1,285,000THE METROPOLITAN OPERA ASSOCIATION INCCHARITABLESUPPORT FOR PHASE III CAMPAIGN FOR THE MET: SECURING THE FUTURE; FY 21 UNRESTRICTED GIFT; ...LINCOLN CENTER NEW YORK, NY US2024
$1,262,610VARIOUSVARIOUSVARIOUS VARIOUS, PA US2022
$1,262,285VARIOUSVARIOUSVARIOUS VARIOUS, PA US2023
$895,000THE METROPOLITAN MUSEUM OF ARTEDUCATIONALSUPPORT FOR CHAIRMAN'S COUNCIL 2019-2020; EMERGENCY RELIEF FUND, INTERNSHIPS, DEIA STRATE...82ND STREET AND FIFTH AVENUE NEW YORK, NY US2023
$852,880ASIA SOCIETYCHARITABLESUPPORT FOR ASIA GAME CHANGERS FY 2020; SUPPORT FOR DANNIEL RUSSELL WORK; SUPPORT FOR ABIG...725 PARK AVENUE NEW YORK, NY US2022
$756,000COLUMBIA UNIVERSITY OFFICE OF GLOBAL INITATIVESEDUCATIONALENDOW ARETE FOUDNATION FELLOWSHIP FUND AND UNRESTRICTED GIFT420 WEST 118TH STREET NEW YORK, NY US2024
$614,335ASIA SOCIETYCHARITABLESUPPORT FOR ASIA GAME CHANGERS FY 2020; SUPPORT FOR DANNIEL RUSSELL WORK; SUPPORT FOR ABIG...725 PARK AVENUE NEW YORK, NY US2024
76 row(s) total.

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People

Leadership & Staff

Compensation data from most recent available 990 forms

Title
EEC
EDWARD E COHEN
TRUSTEE, AS REQUIRED$02022
BZC
BETSY Z COHEN
TRUSTEE, AS REQUIRED$02022
JZC
JONATHAN Z COHEN
TRUSTEE, AS REQUIRED$02022
DGC
DANIEL G COHEN
TRUSTEE, AS REQUIRED$02022
EEC
EDWARD E COHEN
TRUSTEE, AS REQUIRED$02023
BZC
BETSY Z COHEN
TRUSTEE, AS REQUIRED$02023
JZC
JONATHAN Z COHEN
TRUSTEE, AS REQUIRED$02023
DGC
DANIEL G COHEN
TRUSTEE, AS REQUIRED$02023
EEC
EDWARD E COHEN
TRUSTEE, AS REQUIRED$02024
BZC
BETSY Z COHEN
TRUSTEE, AS REQUIRED$02024
12 row(s) total.

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on December 15, 2024