The purpose of Folsom Street East, Inc. is to organize and operate an annual, or more frequently if practicable, fundraising event to raise money for the benefit of 501(c)3 charities that serve LGBT communities in the New York area. Beneficiaries, which are selected annually by the Folsom Street East, Inc. board of directors, have included The Anti-Violence Project, VisualAIDS, The LGBT Community Center, Housing Works, and God’s Love We Deliver, among others.