# The Philanthropists Charity

The Philanthropists Charity is an Endowment / Foundation based in Rockaway Park, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Rockaway Park, United States
- **Region:** North America
- **Address:** Rockaway Park, United States
- **Founded:** 2008
- **Assets under management:** $57 million (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The Philanthropists Charity was formed by Michael Konig and Steven Krausman. Both men act as trustees and donors. Confirmed assets include the Caribbean Condominium at 3737 Collins Avenue in Miami Beach, the 710 Edge residential project in Miami, and three New Jersey nursing homes: South Jersey Extended Care, Sterling Manor and Oceana Rehabilitation and Nursing Center. Additional properties comprise the Belle Harbor Theater in New York and commercial sites in Teaneck and Belle Harbor. Geographic exposure spans Florida, New Jersey and New York. The foundation lists 613 Tr as an adjacent philanthropic vehicle. No public disclosure exists on team size, additional offices or investment vehicles beyond the listed real-estate holdings. Governance links the charity directly to the same principals who control the underlying nursing-home and development assets, creating an integrated ownership chain rather than an arm's-length endowment structure.

## Sectors

- Real Estate

## People

- Michael Konig — Trustee and primary donor
- Steven Krausman — Trustee and donor

## Questions

### Who runs investment decisions at The Philanthropists Charity?

Michael Konig and Steven Krausman serve as trustees and donors. No separate investment committee or external CIO is disclosed.

### What assets does the foundation hold?

Holdings include the Caribbean Condominium in Miami Beach, 710 Edge in Miami, three New Jersey nursing homes and additional commercial properties in New York and New Jersey.

## Related profiles

- [BGF Foundation](https://altss.com/profile/bgf-foundation)
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Last updated: 2026-08-10T15:58:45.833Z

Canonical page: https://altss.com/profile/the-philanthropists-charity

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