Ace Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.5M in total assets. In 2024, it awarded 1 grants totaling $878K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.5M
-1.8% YoY
Annual Giving
$878K
-27.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$878K
-27.6% YoY
Under IRS private-foundation payout rules, Ace Foundation Inc reported a distributable amount of $911K for 2024 — the minimum it must pay out in qualifying distributions.
About Ace Foundation Inc
Based on IRS filings
Ace Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.5M in total assets. In 2024, it awarded 1 grants totaling $878K.
Focus Areas
Ready to take the next step with Ace Foundation Inc?
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 | $18,471,123 | $18,801,795 | $19,677,004 |
| Revenue | $536,462 | $346,228 | $1,878,909 |
| Expenses | $886,146 | $1,225,437 | $3,277,645 |
| Qualifying Distributions | $878,294 | $1,212,759 | $3,246,702 |
| Net Investment Income | — | $34,888 | $855,818 |
| Distributable Amount | $911,114 | $947,055 | $979,153 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Statement 7 ($878,294).
| Recipient | Purpose | Amount |
|---|---|---|
| Statement 7 Brooklyn, NY | General Operating Budget | $878,294 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Aaron Elbogen | President | 1 | — |
| Chaya Elbogen | Vice Pres. | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ace Foundation Inc?
Ace Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. It holds $18.5M in total assets as of 2024.
How large is Ace Foundation Inc?
As of 2024, Ace Foundation Inc holds $18.5M in total assets with $536K in annual revenue. It awarded 1 grants totaling $878K in 2024.
Where does Ace Foundation Inc operate?
Ace Foundation Inc has awarded grants in New York.
What size grants does Ace Foundation Inc award?
In 2024, Ace Foundation Inc awarded 1 grants totaling $878K — an average of about $878K per grant, based on its IRS Form 990 filings.
How much is Ace Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ace Foundation Inc reported a distributable amount of $911K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ace Foundation Inc's EIN?
Ace Foundation Inc's EIN (Employer Identification Number) is 11-3237003. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ace Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Ace Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Ace Foundation Inc to a real strategy.