# Fascitelli Family Foundation

Fascitelli Family Foundation is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1993
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Fascitelli Family Foundation was established in 1993 by Michael D. Fascitelli and his wife Elizabeth Cogan Fascitelli, both veterans of Goldman Sachs. Michael Fascitelli later served as CEO of Vornado Realty Trust, one of the largest commercial landlords in New York, while Elizabeth became a partner at Goldman. The foundation reflects that dual pedigree — part philanthropy, part direct investment vehicle for a real estate fortune. Rather than limiting itself to check-writing, the foundation directly owns and operates commercial real estate assets. Public records tie it to the Rio All-Suite Hotel & Casino in Las Vegas and The Goodtime Hotel in Miami Beach, alongside New York properties including Henry Hall at 515 West 38th Street and a mixed-use development at 509 West 38th Street. Investment stages span late-stage venture to control equity. Michael Fascitelli also runs MDF Capital LLC, his personal investment vehicle, and has co-invested alongside figures like Eric Birnbaum of Imperial Companies and Noam Gottesman, co-founder of Landscape Acquisition Holdings. The Fascitellis sit on the boards of the Urban Land Institute, The Rockefeller University, the Child Mind Institute, and Dartmouth College — a network that doubles as a sourcing funnel for real estate and operating-company deals. The foundation's structure blurs the line between a 501(c)(3) and a family office. It holds operating real estate directly — an unusual choice for a charitable entity — and does not maintain a public website or disclose a grantmaking budget. That opacity, combined with the hard-asset portfolio, makes it a hybrid: a foundation that acts like a proprietary investment partnership.

## Sectors

- Real Estate
- Education
- Healthcare Services

## People

- Michael D. Fascitelli — President and Board Member
- Elizabeth Cogan Fascitelli — Treasurer and Board Member

## Questions

### Who runs investment decisions at the Fascitelli Family Foundation?

Michael D. Fascitelli serves as President and board member of the foundation, and investment decisions appear to flow through him and his personal vehicle, MDF Capital LLC. Elizabeth Cogan Fascitelli is Treasurer and also sits on the board. There is no separate investment committee disclosed publicly.

### Is the Fascitelli Family Foundation structured as a traditional grantmaking foundation?

No. It is a 501(c)(3) organization, but it directly owns commercial real estate assets including hotels and mixed-use developments — a structure more typical of a family office than a standard foundation. Its grantmaking focuses on education, youth, health, and the arts, but the foundation does not publish grant reports or maintain a public website.

### What real estate assets does the foundation hold?

Public records connect the foundation to the Rio All-Suite Hotel & Casino in Las Vegas, The Goodtime Hotel in Miami Beach, and New York properties including Henry Hall (515 West 38th Street), 509 West 38th Street, and a residential unit at 170 East End Avenue. The portfolio spans commercial, hospitality, and residential assets across major US markets.

## Related profiles

- [D.H. Falle Family Foundation](https://altss.com/profile/d-h-falle-family-foundation)
- [Perkins-Prothro Foundation](https://altss.com/profile/perkins-prothro-foundation)

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Last updated: 2026-08-11T02:43:31.692Z

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