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Ferrari Owners Charitable Foundation

EIN 27-4500443 · Kentfield, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair68 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

FOCF IS OPERATED ENTIRELY BY AN UNPAID, VOLUNTEER BOARD; WE HAVE NO SALARIED STAFF, AND OUR OPERATING EXPENSES RELATE DIRECTLY TO THE FOG RALLY AND ITS FUNDRAISING ACTIVITIES. EACH YEAR, THE ORGANIZATION CONDUCTS AN ANNUAL CHARITY CAR RALLY, AND AFTER COVERING EVENT COSTS FROM RALLY REVENUES AND SPONSORSHIPS, NET PROCEEDS ARE DONATED TO YOUTH-FOCUSED CHARITIES RECOMMENDED BY PARTICIPANTS AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS.

Income
$468,755
Spending
$480,921
Spent on programs
88%
Reserves
2.4 months of spending
Largest source of income
donations and private grants, 100%
Employees
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 68 out of 100. Higher than 26% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.4 months of spending.

  • Debt

    20 of 20

    It owes 5% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 3% of income.

  • Income trend

    15 of 15

    Income rose 149% on the year before.

  • Spending floor

    15 of 15

    88% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 76% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $420,837 spent. IN 2024, THE FOG RALLY JOINTLY BENEFITED MAKE-A-WISH FOUNDATION AND THE FERRARI OWNERS CHARITABLE FOUNDATION (FOCF) FUND FOR KIDS. THIS YEAR MARKED THE ELEVENTH CONSECUTIVE YEAR OF OUR PARTNERSHIP WITH MAKE-A-WISH AND THE FIFTH YEAR OF THE FUND FOR KIDS. FUNDRAISING EFFORTS GENERATED 42,000 FOR MAKE-A-WISH, BRINGING FOCFS CUMULATIVE SUPPORT FOR MAKE-A-WISH TO MORE THAN 2,000,000 AND HELPING ENABLE OVER 200 WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. IN ADDITION, THE 2024 FOG RALLY RAISED 42,000 FOR THE FOCF FUND FOR KIDS, BRINGING CUMULATIVE FUND FOR KIDS SUPPORT TO OVER 400,000. THESE DOLLARS ARE DISTRIBUTED AS GRANTS TO YOUTH-SERVING ORGANIZATIONS IN THE BAY AREA, EXPANDING ACCESS TO EDUCATION, LITERACY, AND BASIC RESOURCES FOR DISADVANTAGED CHILDREN. IN 2024, FOG RALLY RAISED 84,000 IN CASH GRANTS AND APPROX. 82,500 IN IN-KIND CONTRIBUTIONS (AUCTION ITEMS, EXPERIENCES, AND SERVICES). NET PROCEEDS FUNDED MAKE-A-WISH (11TH CONSECUTIVE YEAR) AND OUR FOCF FUND FOR KIDS, PROVIDING GRANTS TO SIX ADDITIONAL YOUTH-SERVING NONPROFITS. IN 2024, THE FOG RALLY JOINTLY BENEFITED MAKE-A-WISH FOUNDATION AND THE FERRARI OWNERS CHARITABLE FOUNDATION (FOCF) FUND FOR KIDS. THIS YEAR MARKED THE ELEVENTH CONSECUTIVE YEAR OF OUR PARTNERSHIP WITH MAKE-A-WISH AND THE FIFTH YEAR OF THE FUND FOR KIDS. FUNDRAISING EFFORTS GENERATED 42,000 FOR MAKE-A-WISH, BRINGING FOCFS CUMULATIVE SUPPORT FOR MAKE-A-WISH TO MORE THAN 2,000,000 AND HELPING ENABLE OVER 200 WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. IN ADDITION, THE 2024 FOG RALLY RAISED 42,000 FOR THE FOCF FUND FOR KIDS, BRINGING CUMULATIVE FUND FOR KIDS SUPPORT TO OVER 400,000. THESE DOLLARS ARE DISTRIBUTED AS GRANTS TO YOUTH-SERVING ORGANIZATIONS IN THE BAY AREA, EXPANDING ACCESS TO EDUCATION, LITERACY, AND BASIC RESOURCES FOR DISADVANTAGED CHILDREN. IN 2024, FOG RALLY RAISED 84,000 IN CASH GRANTS AND APPROX. 82,500 IN IN-KIND CONTRIBUTIONS (AUCTION ITEMS, EXPERIENCES, AND SERVICES). NET PROCEEDS FUNDED MAKE-A-WISH (11TH CONSECUTIVE YEAR) AND OUR FOCF FUND FOR KIDS, PROVIDING GRANTS TO SIX ADDITIONAL YOUTH-SERVING NONPROFITS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.