Alg Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $28K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+2.8% YoY
Annual Giving
$20K
-20.0% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$10K
+60.0% YoY
Under IRS private-foundation payout rules, Alg Family Foundation reported a distributable amount of $71K for 2024 — the minimum it must pay out in qualifying distributions.
About Alg Family Foundation
Based on IRS filings
Alg Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $28K.
Focus Areas
Ready to take the next step with Alg Family Foundation?
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 | $1,064,384 | $1,035,341 | $1,038,221 |
| Revenue | $49,892 | $24,272 | $337,106 |
| Expenses | $20,850 | $27,151 | $33,509 |
| Qualifying Distributions | $20,050 | $25,000 | $30,000 |
| Net Investment Income | $27,826 | $22,303 | $33,597 |
| Distributable Amount | $70,661 | $64,500 | $58,507 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Prep for Prep ($15,000), Peconic Land Trust ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PREP FOR PREP NEW YORK, NY | GENERAL SUPPORT | $15,000 |
| PECONIC LAND TRUST SOUTHAMPTON, NY | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNE GILCHRIST | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alg Family Foundation?
Alg Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $1.1M in total assets as of 2024.
How large is Alg Family Foundation?
As of 2024, Alg Family Foundation holds $1.1M in total assets with $50K in annual revenue. It awarded 2 grants totaling $20K in 2024.
Where does Alg Family Foundation operate?
Alg Family Foundation has awarded grants in New York.
What size grants does Alg Family Foundation award?
In 2024, Alg Family Foundation awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Alg Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alg Family Foundation reported a distributable amount of $71K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Alg Family Foundation's EIN?
Alg Family Foundation's EIN (Employer Identification Number) is 20-8623369. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Alg Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
The Ford Foundation
NEW YORK, NY
Assets
$17.5B
Grants
4,007
Total Given
$844.7M
The New York Community Trust
NEW YORK, NY
Assets
$3.5B
Grants
2,748
Total Given
$193.8M
Strong Foundation of New York
NEW YORK, NY
Assets
$5.7M
Grants
135
Total Given
$705K
Bny Mellon Charitable Gift Fund
BOSTON, MA
Assets
$2.0M
Grants
1,503
Total Given
$720.2M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
The Burch Family Foundation
NEW YORK, NY
Assets
$44.9M
Grants
35
Total Given
$2.7M
American Express Foundation
NEW YORK, NY
Assets
$48.9M
Grants
1,495
Total Given
$23.2M
Jewish Communal Fund
NEW YORK, NY
Assets
$3.0B
Grants
4,673
Total Given
$953.3M
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Alg Family Foundation 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 Alg Family Foundation to a real strategy.