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A brand-new New York City charitable foundation, The Robert P. Testagrossa Foundation, and its website – www.testagrossafoundation.org – both launched by prominent entrepreneur Robert Testagrossa in early December 2021—have already experienced immense success. The goal of the private foundation is to strengthen New York City’s community by supporting disadvantaged individuals.
Testagrossa donated $2 million to the officially incorporated foundation for his charity launch in December.
Through the foundation, Testagrossa hopes to make New York City a more vibrant place for all by implementing strategies to reduce harm for all residents. The foundation will also invest in various programs focused on building the community.
Specifically, the foundation will help promote the prevention and treatment of drug abuse, help convicts successfully reenter society following their incarceration, and provide more opportunities for disadvantaged New York City residents to succeed.
According to Testagrossa, the foundation is filling a need in New York City by addressing the sources of significant community problems, not just the symptoms of these issues. With its unique charitable approach, the foundation should enhance safety and justice throughout the community, which will benefit New York City’s people on both an individual and a community level, Testagrossa said.
Testagrossa presides over the charity’s board of directors. The board’s vice president is Charles Testagrossa, Robert Testagrossa’s father; James McVay’s treasurer and Jamie Toohill, the secretary.
For additional information about the up-and-coming charitable foundation, email the foundation at info@testagrossafoundation.org.
About Robert Testagrossa
Testagrossa, a leading software developer and business maven, has founded and owned several companies spanning many industries, including non-fungible tokens, cryptocurrency, fintech, luxury hospitality, and retail. He is currently the chief executive officer at Flipkick of New York, the founding partner at Bridgehold Capital Management, and the founder of Artes Development.
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