Asath Foundation
Asath Foundation is a private foundation based in Toms River, New Jersey. It reports making contributions to tax-exempt organizations qualifying as section 501(c)(3) charities.
Asath Foundation at a glance
In short: Asath Foundation gave $240K across 53 grants in 2024 (avg $5K), mostly in New Jersey. 55% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $240,141
- -17.2% vs 2023
- Grants made (2024)
- 53
- +39.5% vs 2023
- Average grant
- $4,531
- -40.6% vs 2023
- Median grant
- $1,800
- Total assets
- $1,648,319
- +11.4% vs 2023
- New grantees (estimate)
- 55% first-time grantees (29 of 53, 2024)
- Primary geography
- New Jersey (68% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Asath Foundation
- How to Apply
The foundation states that no formal submission format is required, applications may be submitted at any time during the year, and awards have no limits or restrictions and are based on their merits and recipients’…
The foundation states that no formal submission format is required, applications may be submitted at any time during the year, and awards have no limits or restrictions and are based on their merits and recipients’ needs.
- Contact
Application contact: Asath Foundation
Mailing address: 2275 West County Line Road, Jackson, NJ 08527
Phone: (732) 668-6928
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Asath Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Congregation Gates of Mercy ($48K). Together the top 10 received $170K.
Grant Size Distribution
188 grants across all recorded years
The most common grant size was under $50K: 185 grants of 188 (98%).
Geographic Focus
Where this funder awards grants
In 2024, 68% of grant dollars went to recipients in New Jersey, 29% to recipients in New York, and 2% to recipients in Maryland.
Grant Distribution by State
Share of 2024 grant dollars across all 53 itemized grants.
Cities
Is Asath Foundation open to new grantees?
55%
first-time grantees, 2024
In 2024, 29 of 53 grantees (55%) were first-time recipients. First grants averaged $2K; repeat grants $7K. How we count
Medians: $1K first-time, $2K repeat.
- 36% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 314% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $171K (2020) to $290K (2023). In 2024 it made 53 grants totaling $240K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Congregation Gates of Mercy Lakewood, NJ | To Further the Charitable Purpose of the Organization | $48,000 |
| Gmach Chasdei Yitzchak Brooklyn, NY | To Further the Charitable Purpose of the Organization | $38,500 |
| Yeshivas Radin Lakewood, NJ | To Further the Charitable Purpose of the Organization | $27,000 |
| Beth Medrash Govoha of America Ttfy Lakewood, NJ | To Further the Charitable Purpose of the Organization | $10,000 |
| BMG Student Aid Fund Lakewood, NJ | To Further the Charitable Purpose of the Organization | $10,000 |
| Keren Olam Hatorah New York, NY | To Further the Charitable Purpose of the Organization | $10,000 |
| Daat Torah Brooklyn, NY | To Further the Charitable Purpose of the Organization | $10,000 |
| Meoros Bais Yaakov Lakewood, NJ | To Further the Charitable Purpose of the Organization | $6,500 |
| Mesikus Hatorah Jackson, NJ | To Further the Charitable Purpose of the Organization | $5,000 |
| BJJ Hachnosas Kallah Fund Silver Spring, MD | To Further the Charitable Purpose of the Organization | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,648,319 | $413,704 | $244,855 | $240,141 | 53 | $240,141 | $13,421 | $76,480 |
| 2023 | $1,479,470 | $417,189 | $289,998 | $289,980 | 38 | $289,980 | $17,189 | $77,025 |
| 2022 | $1,363,398 | $397,510 | $245,976 | $245,600 | 32 | $245,600 | — | $70,939 |
| 2021 | $1,231,688 | $425,136 | $240,933 | $240,810 | 40 | $240,810 | $25,136 | $68,789 |
| 2020 | $1,047,485 | $242,618 | $172,138 | $171,450 | 25 | — | — | $28,413 |
Under IRS private-foundation payout rules, Asath Foundation reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing describes its charitable activity as contributions to tax-exempt section 501(c)(3) organizations. Its 2024 grants included support for organizations whose own stated missions cover a range of activities. For example, Meoros Bais Yaakov describes its mission as operating a parochial grade school in Lakewood, and Yeshiva Tiferes Torah describes itself as a religious elementary school serving grades K–8. Daat Torah says it assists Talmudic studies and scholars, while Ohr Naava describes its purpose as providing continuing Torah education for women.
Other recipients describe community and social support missions. Tzur Foundation says it distributes funds to families of widows and orphans for basic needs, while Tikva Corp says it provides services to Jewish children and the Jewish community of Odessa, Ukraine, and relocated most of its community, programs, and services to Romania after the 2022 war began.
Grantmaking
In 2024, the foundation reported 53 grants totaling $240,141. Grants ranged from $2 to $48,000, with a median grant of $1,800. Its largest awards included $48,000 to Congregation Gates of Mercy in Lakewood, New Jersey; $38,500 to Gmach Chasdei Yitzchak in Brooklyn, New York; and $27,000 to Yeshivas Radin in Lakewood. Other awards included $10,000 each to Beth Medrash Govoha of America Ttfy, BMG Student Aid Fund, Keren Olam Hatorah, and Daat Torah.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Aaron Homnick and Adena Homnick as trustees.
Asath Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Aaron Homnick
Trustee
On filings since 2020
1 hr/week
No compensation reported
Adena Homnick
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Asath Foundation
How much does Asath Foundation give each year?
Asath Foundation gave $240K across 53 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $290K across 38 grants.
What is Asath Foundation's typical grant size?
Asath Foundation's median grant in 2024 was $1,800, and its average grant was $4,531, across 53 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Asath Foundation that year got $2K on average.
Where does Asath Foundation give grants?
Asath Foundation gives mostly in New Jersey: 68% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (29%). The most frequent recipient cities were Lakewood, NJ (30 grants), Brooklyn, NY (11 grants), New York, NY (2 grants) and Toms River, NJ (2 grants).
Who are Asath Foundation's largest grantees?
Asath Foundation's largest 2024 grantees include Congregation Gates of Mercy ($48,000), Gmach Chasdei Yitzchak ($38,500) and Yeshivas Radin ($27,000), according to its 2024 IRS Form 990-PF. Together they received 47% of its itemized 2024 grant dollars.
How large is Asath Foundation?
Asath Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $240K in qualifying distributions that year, against a required minimum of $76K (roughly 5% of its investment assets).
What does Asath Foundation fund?
The foundation’s filing describes its charitable activity as contributions to tax-exempt section 501(c)(3) organizations. Its 2024 grants included support for organizations whose own stated missions cover a range of activities. See mission & focus areas ↑
How do I apply for a grant from Asath Foundation?
The foundation states that no formal submission format is required, applications may be submitted at any time during the year, and awards have no limits or restrictions and are based on their merits and recipients’… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Asath Foundation's EIN?
Asath Foundation's EIN (Employer Identification Number) is 81-4789718. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Asath Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Asath Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Asath Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/asath-foundation-morg_fabfc30e5e744d0e915bf93861d2e1da
BibTeX
@misc{grantable_814789718_2026,
author = {{Grantable}},
title = {{Asath Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/asath-foundation-morg_fabfc30e5e744d0e915bf93861d2e1da},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Asath Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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