2025-05-13T13:15:54-05:00 2023-12-31 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2023-02-07 922206921 THE FERRARI FOUNDATION % DAVID WERTHEIM FERR 2018162713 250 Sylvan Avenue Englewood Cliffs NJ 07632 DAVID WERTHEIM MANAGING DIRECTOR 2018162713 2025-05-13 true true RICHARD RUVELSON P00234075 7328423113 2023 2025-03-06 01:10:19Z X DAVID WERTHEIM 250 Sylvan Avenue Englewood Cliffs NJ 07632 10384547 false X N/A X 2023 DE The Ferrari Foundation believes that education is the key to opportunity. Our primary mission is to help improve access to learning opportunities for children. 6 6 0 6 0 0 0 9653924 0 0 0 39278 0 0 0 9693202 0 2682076 0 0 0 0 0 0 0 0 9630 0 2691706 0 7001496 0 8283767 0 1282271 0 7001496 X The Ferrari Foundation believes that education is the key to opportunity. Our primary mission is to help improve access to learning opportunities for children. We aim to serve the non-profit educational community by funding and supporting important initiatives. false false 500000 500000 The Foundation provided support in addressing mental and physical wellness disparities, especially in the BIPOC Communities focusing on educational activities designed to enhance health care access and promote a balanced lifestyle. 908593 908593 The Foundation provided support for the importance of a pre-school education in Morocco by financing research grants, production of tales and stories tailored to each age group, and financing of reading corners. 1273483 1273483 The Foundation provided support for Save the Children Italia ETS exclusively for an educational and urban regeneration efforts for the children living in Province of Venice, Italy. 2682076 true true false false false false false false false false false false false false false true true false false false false true false false false false false true false false false false false false false false false false true false false false false false false false true 0 0 0 false false false false false false false false false false false false X 6 6 true false false false false false false true false false false true true true true true true false false false CA NJ NY X DAVID WERTHEIM 2018162713 250 SYLVAN AVENUE Englewood Cliffs NJ 07632 X MATTEO TORRE CHAIRMAN 2.0 0.0 X 0 0 0 MICHELE ANTONIAZZI BOARD MEMBER 0.5 0.0 X 0 0 0 CARLO DANEO BOARD MEMBER 0.5 0.0 X 0 0 0 GIANLUCA GUZZO BOARD MEMBER 1.0 0.0 X 0 0 0 PATRICK GRANGER TREASURER 1.0 0.0 X 0 0 0 DAVID WERTHEIM MANAGING DIRECTOR/SECRETARY 30.0 0.0 X 0 0 0 0 0 0 0 false false false 0 9653924 691848 9653924 0 35240 35240 0 0 0 0 0 695383 691345 4038 4038 4038 0 0 0 0 0 0 0 0 0 0 9693202 0 39278 500000 500000 0 2182076 2182076 0 0 0 0 0 0 0 0 0 0 0 0 842 842 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EXCISE TAX EXPENSE 8788 8788 2691706 2682076 9630 0 0 0 0 8283767 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8283767 0 8788 0 1273483 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1282271 X 0 7001496 0 0 0 7001496 0 8283767 7001496 X false true X true false X 0 0 0 0 9653924 9653924 0 0 0 0 0 0 9653924 9653924 6183286 3470638 35240 35240 0 0 9689164 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 9693202 9693202 9693202 2691706 2691706 2691706 Part XI, Line 2 U.S. GAAP REQUIRES MANAGEMENT TO EVAULUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMIANATION BY THE INTERNAL REVENUE SERVICE ("IRS"). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 THERE ARE NO UNCERTAIN POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. true Middle East and North Africa 0 0 Grantmaking 908593 Europe (Including Iceland and Greenland) 0 0 Grantmaking 1273483 0 0 0 0 2182076 2182076 Middle East and North Africa SUPPORT FOR STRENGTHENING THE EDUCATIONAL AND MANAGEMENT CAPACITIES OF ITS PRESCHOOL EDUCATION. 908593 WIRE Europe (Including Iceland and Greenland) Education 1273483 wire 2 0 false false false false false false SCHEDULE F, PART I, LINE 2 THE FOUNDATION ENTERS INTO A GRANT AGREEMENT THAT DEFINES THE TERMS OF THE GRANT PROVIDED TO THE GRANTEE ON WHAT THE GRANTED FUNDS CAN BE USED FOR BY THE GRANTEE AND TO PROVIDE A REPORT OR ANNUAL REPORTS IF THE GRANT AGREEMENT FOR THE USAGE OF THE FUNDING IS OVER TWO OR MORE YEARS TO ENSURE ITS COMPLIANCE PER THE TERMS OF THE SIGNED AGREEMENT. true Social Impact Fund 750 W 7TH STREET Los Angeles CA 90048 461820448 501(c)(3) 500000 GENERAL SUPPORT 1 0 SCHEDULE I, PART I, LINE 2 THE FOUNDATION ENTERS INTO A GRANT AGREEMENT THAT DEFINES THE TERMS OF THE GRANT PROVIDED TO THE GRANTEE ON WHAT THE GRANTED FUNDS CAN BE USED FOR BY THE GRANTEE AND TO PROVIDE A REPORT OR ANNUAL REPORTS IF THE GRANT AGREEMENT FOR THE USAGE OF THE FUNDING IS OVER TWO OR MORE YEARS TO ENSURE ITS COMPLIANCE PER THE TERMS OF THE SIGNED AGREEMENT. X 2 691848 fmv false false false Part VI, Section A, Line 2: Carlo Daneo and Michele Antoniazzi have a business relationship through Ferrari S.P.A. Matteo Torre, Gianluca Guzzo, and David Wertheim have a business relationship through Ferrari N.A. Part VI, SECTION A, LINE 8B: No other committee exists with authority to act on behalf of the governing body. Part VI, Section B, Line 11A: THE FOUNDATION ENGAGED WITH A CERTIFIED PUBLIC ACCOUNTING FIRM, WITH EXPERTISE IN TAX-EXEMPT ORGANIZATIONS, TO PREPARE THEIR FORM 990 AND A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE MANAGING DIRECTOR OF THE FOUNDATION AND THE MANAGING DIRECTOR MAY CONSULT WITH THE TREASURER AND BOARD MEMBERS ON THE DRAFT AS NEEDED. THE MANAGING DIRECTOR WILL THEN PROVIDE ANY COMMENTS FOR PROPOSED REVISIONS, AND A FINAL DRAFT COPY OF THE RETURN IS THEN PROVIDED TO THE MANAGING DIRECTOR FOR APPROVAL AND THEN A COPY IS FORWARDED TO THE CFO AND CONTROLLER OF FERRARI N.A. AND UPON APPROVAL, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. Part VI, Section B, Lines 12-14: The Foundation follows the policies of Ferrari Worldwide for Conflict of Interest and Whistleblower policies and follows the policy of Ferrari N.A. for document destruction and retention policy. Part VI, Section B, Line 19: The COI policy that the Foundation follows is available on the Ferrari worldwide website and the bylaws and articles are included with the Form 1023 application copy and can be found on the state charitable registration websites the Foundation is registered with. FORM 990 THE FERRARI FOUNDATION ORIGINALLY RECEIVED TAX-EXEMPTION UNDER 501(C)(3) AS A PRIVATE FOUNDATION, SUBSQUENTALLY, THEY BECOME A PUBLICLY SUPPORTED ORGANIZATION UNDER IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) FROM THIER DATE OF INCEPTION.