The Foundation was established in 1994 by Irene Zambelli Silverman in honor of her mother, Irene Meladakis Zambelli. Mrs. Silverman described her mother as “the finest needlewoman in New York.” In the spirit of its founder, the Coby Foundation champions creative expression and embraces the full spectrum of textile arts and fashion across techniques, time periods, and cultures. Since it began its grantmaking in 2002, the Foundation has awarded more than $10 million to over 200 projects.