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Filing year 2023

ARETE FOUNDATION

Philadelphia, Pennsylvania·EIN 23-6779271·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$9M
Total assets
$42.6M
Total expenses
$3.6M
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2023. ARETE FOUNDATION reported 4 unpaid officers and board members on its 990-PF.

Chair, As Required
Trustee, As Required
Trustee, As Required
Trustee, As Required

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$5.4M

Itemized grants

19

Median grant

$100k

RecipientLocationPurposeAmount
VARIOUSVARIOUS, PAVARIOUS$2.1M
THE METROPOLITAN MUSEUM OF ARTNEW YORK, NYEDUCATIONALSUPPORT FOR CHAIRMAN'S COUNCIL 2019-2020; EMERGENCY RELIEF FUND, INTERNSHIPS, DEIA STRATEGIC PLAN AND WOMEN AND THE CRITICAL EYE PROGRAM$850k
ASIA SOCIETYNEW YORK, NYCHARITABLESUPPORT FOR ASIA GAME CHANGERS FY 2020; SUPPORT FOR DANNIEL RUSSELL WORK; SUPPORT FOR ABIGAIL COHEN FELLOWSHIP IN DOCUMENTARY PHOTOGRAPHY; SUPPORT FOR HONG KONG 30TH ANNIVERSARY VIRTUAL GALA$429k
THE METROPOLITAN OPERA ASSOCIATION INCNEW YORK, NYCHARITABLESUPPORT FOR PHASE III CAMPAIGN FOR THE MET: SECURING THE FUTURE; FY 21 UNRESTRICTED GIFT; MET STARS CONCERT$410k
UNIVERSITY OF PENNSYLVANIAPHILADELPHIA, PAEDUCATIONALSUPPORT FOR ARETE GORDON EXPEDITION FUND; PENN LECTURES WORLD TERM FUND ADN WORLD ENDOWED FUND$308k
THE AMERICAN SCHOOL OF CLASSICAL STUDIES AT ATHENSPRINCETON, NJEDUCATIONALSUPPORT FOR GALA 2020, FELLOWSHIP PROGRAM AND LORING HALL RENOVATION PROJECT$295k
THE PUBLIC THEATERNEW YORK, NYCHARITABLESUPPORT FOR CAPITAL CAMPAIGN; 2020 ANNUAL OPERATING SUPPORT; AND GALA$250k
UNIVERSITY OF CHICAGOCHICAGO, ILEDUCATIONALSUPPORT FOR ABIGAIL COHEN FELLOWSHIP AND UNRESTRICTED GIFT$150k
ARTSMARTPHILADELPHIA, PAEDUCATIONALSUPPORT FOR ARTS EDUCATION AND YOUTH MENTORSHIP PROGRAM$100k
LINCOLN CENTER THEATER THE VIVIAN BEAUMONT THEATER INCNEW YORK, NYCHARITABLESUPPORT FOR LINCTIX PORGRAM; LCT3 NEW ARTISTS/AUDIENCES PROGRAM AND UNRESTRICTED GIFT$100k
PARK AVENUE SYNAGOGUENEW YORK, NYRELIGIOUSGENERAL OPERATING SUPPORT$100k
THE BARNES FOUNDATIONPHILADELPHIA, PAEDUCATIONALSUPPORT FOR BARNES ART BALL; CHAIRMAN'S CIRCLE AND SECOND CENTURY CAMPAIGN$100k
MARIE SELBY BOTANICAL GARDENSSARASOTA, FLCHARITABLEGENERAL OPERATING SUPPORT$75k
THE EAST HARLEM SCHOOLNEW YORK, NYEDUCATIONALGENERAL OPERATING SUPPORT$75k
ISLESBORO COMMUNITY CENTERISLESBORO, MECHARITABLEGENERAL OPERATING SUPPORT$25k
CITY SQUASHBRONX, NYCHARITABLEGENERAL OPERATING SUPPORT$15k
COLUMBIA UNIVERSITYNEW YORK, NYEDUCATIONALSUPPORT FOR HADRIAN'S VILLA PROGRAM$13k
ISLESBORO ISLAND TRUSTISLESBORO, MECHARITABLEGENERAL OPERATING SUPPORT$10k
THE ECONOMIC CLUB OF NEW YORKNEW YORK, NYEDUCATIONAL GENERAL OPERATING SUPPORT$9k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

ARETE FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$10.2M
2022
$9M
$3.6M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Pennsylvania

ARETE FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Pennsylvania earns a median of $8,510.

25th percentile
$3k
Median
$8,510
75th percentile
$28k
90th percentile
$76k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 4,067 organizations across 4,067 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Pennsylvania
FAQ

Common questions about ARETE FOUNDATION

What are ARETE FOUNDATION's revenue and expenses?

In 2023, ARETE FOUNDATION reported $9M in total revenue and $3.6M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.