2026-05-08T15:42:39-05:00 2025-12-31 WITHUMSMITHBROWNPC 1411 BROADWAY 23RD FLOOR NEW YORK NY 10018 990 2025-01-01 922206921 THE FERRARI FOUNDATION % DAVID WERTHEIM FERR 2018162713 250 Sylvan Avenue Englewood Cliffs NJ 07632 DAVID WERTHEIM MANAGING DIRECTOR 2018162713 2026-05-05 true ISRAEL A TANNENBAUM P01589203 2127519100 2025 2025-03-06 01:10:19Z DAVID WERTHEIM 250 Sylvan Avenue Englewood Cliffs NJ 07632 28474982 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. 4 4 0 8 0 0 1461709 27843262 0 0 373802 631720 0 0 1835511 28474982 512500 1474007 0 0 0 0 0 0 0 45286 57251 557786 1531258 1277725 26943724 8279221 35433607 0 210662 8279221 35222945 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 1000000 1000000 The Foundation provided support to Save the Children Inc (US) to support Averson School of Leaders return to learning by investing in essential portable resources that will serve students now and into the future following a devastating fire on the campus. 415697 415697 THE FOUNDATION PROVIDED SUPPORT FOR FONDAZIONE GIOVANNI AGNELLI'S CONSTRUCTION OF MOTOR VALLEY COTTEGE IN THE MUNICIPALITY OF MARANDELLO IN THE PROVINCE OF MODENA, ITALY. 58310 58310 The Foundation provided support for Save the Children Italia ETS project "Impulsa" program with the aim to mitigate inequalities and provide educational opportunities to the most disadvantaged children in Seville, SPAIN. 1474007 true true false false false false false false false false false false false false false true true false false false true true false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 4 4 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 LUCA ZANETTI CHAIRMAN (Eff. 7/15/2025) 2.0 0.0 X 0 0 0 MATTEO TORRE CHAIRMAN (Thru 6/28/2025 2.0 0.0 X 0 0 0 MICHELE ANTONIAZZI BOARD MEMBER 0.5 0.0 X 0 0 0 CARLO DANEO BOARD MEMBER 0.25 0.0 X 0 0 0 GIANLUCA GUZZO BOARD MEMBER (Thru 7/28/2025) 1.0 0.0 X 0 0 0 VITTORIO GIMELLI BOARD MEMBER (Eff. 07/28/2025) 1.0 0.0 X 0 0 0 PATRICK GRANGER TREASURER 0.25 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 3590729 24252533 27843262 0 631720 631720 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28474982 631720 1000000 1000000 0 474007 474007 0 0 0 0 0 0 0 0 0 32000 32000 0 0 24732 24732 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER EXPENSE 519 519 1531258 1474007 57251 0 0 0 8273221 35427607 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6000 6000 8279221 35433607 0 0 0 85662 0 125000 0 0 0 0 0 0 0 0 0 0 0 0 0 210662 X 8279221 35222945 0 0 8279221 35222945 8279221 35433607 26943724 X false true X true false X 0 0 9653924 1461709 5347396 16463029 0 0 0 0 9653924 1461709 5347396 16463029 9505370 6957659 35240 373802 631720 1040762 0 0 17503791 X ORGANIZATIONS RECEIVING ANY UNUSUAL GRANTS THE FOUNDATION RECEIVED IN AUGUST 2025 A CONTRIBUTION IN THE AMOUNT OF $22,495,866 FROM THE DR. HERBERT AND NICOLE WERTHEIM FAMILY FOUNDATION, INC. AN ONE-TIME DONATION TO THE FOUNDATION THAT WAS UNEXPECTED AND UNUSUAL IN SIZE. THIS GIFT IS NOT TYPICAL OF OUR THE FOUNDATION'S NORMAL DONOR BASE AND WITHOUT THIS EXCLUSION, THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE WOULD BE ADVERSELY AFFECTED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 28474982 28474982 28474982 1531258 1531258 1531258 Part XI, Line 2 The Foundation is exempt from federal income tax under Section 501(c)(3) of the United States Internal Revenue Code and exempt from state income taxes under state law, and no provision for such income tax has been reflected in the accompanying financial statements. The Foundation has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at December 31, 2025 and 2024. The Foundation did not recognize any tax-related interest or penalties during the period presented in these financial statements. true Europe (Including Iceland and Greenland) 0 0 Grantmaking 474007 0 0 0 0 474007 474007 Europe (Including Iceland and Greenland) EDUCATIONAL Support 58310 Europe (Including Iceland and Greenland) CONSTRUCTION Support 415697 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 Save the Children Federation Inc US 501 KINGS HWY EAST 400 FAIRFIELD CT 06825 060726487 501(C)(3) 1000000 EDUCATIONAL 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. Part VI, Section A, Line 2: Carlo Daneo and Michele Antoniazzi have a business relationship through Ferrari S.P.A. Luca Zanetti, Vittorio Gimelli, Matteo Torre (Through his date of departure from the board), Gianluca Guzzo (through his date of departure with the board) 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.