Skip to main content
ewtwaryedbzacuty

The Atlantic Foundation of New York

Profile

Last Updated: 2016-06-03

At A Glance

The Atlantic Foundation of New York

75 Varick St., 17th Fl.

New York City, NY United States 10017-1950

Telephone: (212) 916-7300

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $2,656,024

Total giving: $2,395,818

EIN

133562971

Bridge Number

2597199057

Background

Established in 1989 in NY - Founded by Charles F. Feeney, co-founder of Duty Free Shoppers Group, Ltd. ("DFS"). He established The Atlantic Foundation, the first of The Atlantic Philanthropies, in 1982. He later dedicated substantially all of his wealth to its charitable mission. The Atlantic Philanthropies sold their holdings in DFS to Louis Vuitton Moet Hennessy, a French multinational luxury goods conglomerate, for $1.63 billion in 1996. Charles F. Feeney has committed to The Giving Pledge, and has pledged to give away at least half of his wealth to philanthropy.

Purpose and Activities

The purpose of the foundation is to bring about lasting changes that will improve the lives of disadvantaged and vulnerable people.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Aging

The program seeks to bring about lasting improvement in the lives of older adults and to transform how aging is viewed and older persons are treated by society. More specifically, this program aims to ensure that older adults are treated with dignity and respect, empowered to shape their own destinies, have access to health and support systems, are represented by a strong cadre of leaders, and are actively contributing their capacities for the good of society. The program will operate only in the United States, the Republic of Ireland, Northern Ireland, and Bermuda.

Disadvantaged Children and Youth

The program's mission is to bring about lasting improvement in the lives of disadvantaged children and youth. It seeks to demonstrate and communicate that prevention and early intervention are effective, to increase the efficiency of resource allocation, and to support voices that speak in the interests of disadvantaged children and youth. The program will operate only in the United States, Northern Ireland, the Republic of Ireland, and Bermuda. The program will focus on helping build examples of programs and services that target youth aged eight to sixteen who are at risk of becoming disconnected from the family, community, and educational supports that are crucial to helping them transition to success. The program aims to change the life trajectory of these children. In addition, the foundation seeks to influence the broader policy frameworks that govern service delivery for all low-income children and youth.

Population Health

The program seeks to bring about lasting improvements in the health of disadvantaged and vulnerable people by strengthening key components of disease prevention and health care systems. More specifically, this program's goal is to improve health by supporting and developing key institutions, targeting neglected health conditions that cause the greatest suffering, and building institutions that can and will lead an enduring transformation of public health. The program will operate only in South Africa and Vietnam.

Program-Related Investment

Historically, the foundation has made PRIs in the form of loans to assist nonprofits and help them improve technology and communication abilities.

Reconciliation and Human Rights

The program seeks to bring about stable, sustainable societies in which disadvantaged and vulnerable people are guaranteed full access to their rights. This program will operate only in Northern Ireland, South Africa, the Republic of Ireland, Great Britain, and the United States. The program has two areas of focus with specific goals for each area: 1) Building reconciliation: will operate in Northern Ireland and South Africa and seeks to address the legacies of violent conflict that prevent movement toward reconciliation, stability, and the protection of human rights. The program aims to create greater stability in these countries; and 2) Access to justice and public services: will operate in all five geographies and seeks to address the inability of disadvantaged and vulnerable people to access the rights, justice, and services to which they are entitled under law.

Fields of Interest

Subjects
  • Education
  • Elementary and secondary education
  • Human services
Population Groups
  • Academics
  • American Indians
  • Children and youth
  • Students

Financial Data

Year ended 2014-12-31

Assets: $2,656,024 (market value)

Expenditures: $1,930,883

Total giving: $2,395,818

Qualifying distributions: $2,395,818