Asath Foundation is a private independent foundation based in Toms River, New Jersey. The organization was designated as tax-exempt in March 2017 and operates as a 501(c)(3) charitable organization. The foundation functions as a grantmaking entity, making contributions to various tax-exempt organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+11.4% YoY
Annual Giving
$240K
-17.2% YoY
Grant Count
53
+39.5% YoY
Avg Grant Size
$5K
-40.6% YoY
Mission & Focus Areas
The foundation's primary purpose is to make contributions to various tax-exempt yeshivos, schools, and synagogues that qualify as 501(c)(3) charities. The foundation does not specify particular subject areas of focus beyond this charitable purpose.
Grantmaking
The foundation made 25 grants in the most recent fiscal year (2023). Recent grantees include:
Grant Range
of approximately $8,000.
Average Grant
of approximately $8,000.
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Geographic Focus
Where this funder awards grants
The foundation has funded projects across multiple U.S. cities and states, including:
Cities: Airmont, Brooklyn, Cedarhurst, Chicago, Jackson, Lakewood, Miami, Morganville, New York, Plano, Spring Valley, and Teaneck
States: Florida, Illinois, New Jersey, New York, and Texas
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $1,479,470
- Total Revenue: $417,189
- Total Expenses: $289,998
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,648,319 | $1,479,470 | $1,363,398 |
| Revenue | $413,704 | $417,189 | $397,510 |
| Expenses | $244,855 | $289,998 | $245,976 |
| Qualifying Distributions | $240,141 | $289,980 | $245,600 |
| Net Investment Income | $13,421 | $17,189 | — |
| Distributable Amount | $76,480 | $77,025 | $70,939 |
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
185 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by trustees Aaron Homnick and Adena Homnick, both of whom serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Aaron Homnick | Trustee | 1 | — |
| Adena Homnick | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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