Achim Foundation

WOODMERE, NY EIN: 11-3622409

Achim Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WOODMERE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 10 grants totaling $1.1M. Net investment income was $211K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

-9.6% YoY

Annual Giving

$1.1M

+608.8% YoY

Grant Count

+150.0% YoY

Avg Grant Size

$105K

+183.5% YoY

Under IRS private-foundation payout rules, Achim Foundation reported a distributable amount of $124K for 2024 — the minimum it must pay out in qualifying distributions.

About Achim Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Achim Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $2.0M (100%)

States

New York

Cities

Woodmere

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,664,408	$2,945,938	$2,218,295
Revenue	$695,005	$975,198	$152,399
Expenses	$1,074,654	$158,833	$406,686
Qualifying Distributions	$1,054,772	$151,515	$392,975
Net Investment Income	$211,364	$856,122	$76,124
Distributable Amount	$123,783	$127,557	$113,852

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

74 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Keren Ahavas Chesed ($644,200), Keren Mugein Imoisheya ($204,000), Machon Beth Meir ($53,000).

Recipient	Purpose	Amount
BEER YITZCHOK WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$36,200
CHIZUK HATORAH WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$2,340
FRIENDS OF MEOHR BAIS YAAKOV WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$30,700
GARDENS JEWISH EXPERIENCE (GJE) WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$6,270
KEREN AHAVAS CHESED WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$644,200
KEREN MUGEIN IMOISHEYA WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$204,000
MACHON BETH MEIR WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$53,000
YAD MOSHE WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$27,200
VARIOUS QUALIFYING ORGANIZATIONS WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$18,156
YESHIVA TORAS CHAIM WOODMERE, NY	RELIGION/EDUCATION/MEDICAL/WELFARE	$28,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID Z SOLOMON	PRESIDENT	1	—
SELIG SOLOMON	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Achim Foundation?

Achim Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WOODMERE, NY. It holds $2.7M in total assets as of 2024.

How large is Achim Foundation?

As of 2024, Achim Foundation holds $2.7M in total assets with $695K in annual revenue. It awarded 10 grants totaling $1.1M in 2024.

Where does Achim Foundation operate?

Achim Foundation has awarded grants in New York.

What size grants does Achim Foundation award?

In 2024, Achim Foundation awarded 10 grants totaling $1.1M — an average of about $105K per grant, based on its IRS Form 990 filings.

How much is Achim Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Achim Foundation reported a distributable amount of $124K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.