58 Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $220K in total assets. In 2024, it awarded 1 grants totaling $428K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$220K
-35.3% YoY
Annual Giving
$428K
-25.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$428K
-25.8% YoY
Under IRS private-foundation payout rules, 58 Family Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About 58 Family Foundation
Based on IRS filings
58 Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $220K in total assets. In 2024, it awarded 1 grants totaling $428K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $220,252 | $340,175 | $420,044 |
| Revenue | $312,000 | $500,000 | $491,150 |
| Expenses | $431,923 | $579,869 | $354,976 |
| Qualifying Distributions | $427,591 | $576,294 | $351,332 |
| Net Investment Income | — | — | — |
| Distributable Amount | $13,801 | $18,720 | $8,667 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Contributions of 427591 Details Available Upon Request ($427,591).
| Recipient | Purpose | Amount |
|---|---|---|
| CONTRIBUTIONS OF 427591 DETAILS AVAILABLE UPON REQUEST RIDGEWOOD, NY | GENERAL FUNDSGENERAL FUNDSGENERAL FUNDS | $427,591 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ZALMAN CHEIN | TRUSTEE | — | — |
| JOSHUA CHEIN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 58 Family Foundation?
58 Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NY. It holds $220K in total assets as of 2024.
How large is 58 Family Foundation?
As of 2024, 58 Family Foundation holds $220K in total assets with $312K in annual revenue. It awarded 1 grants totaling $428K in 2024.
Where does 58 Family Foundation operate?
58 Family Foundation has awarded grants in New York.
What size grants does 58 Family Foundation award?
In 2024, 58 Family Foundation awarded 1 grants totaling $428K — an average of about $428K per grant, based on its IRS Form 990 filings.
How much is 58 Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 58 Family Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 58 Family Foundation's EIN?
58 Family Foundation's EIN (Employer Identification Number) is 86-6361962. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in 58 Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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