B&M Steinmetz Foundation

SPRING VALLEY, NY EIN: 23-7048163

The B&M Steinmetz Foundation is a private foundation established in 1969 and located in Spring Valley, New York. It operates as a 501(c)(3) tax-exempt organization with a focus on philanthropic giving to charitable organizations, particularly within the Jewish community.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$28.5M

-0.4% YoY

Annual Giving

$1.6M

-29.3% YoY

Grant Count

103

+80.7% YoY

Avg Grant Size

$16K

-60.8% YoY

Under IRS private-foundation payout rules, B&M Steinmetz Foundation reported a distributable amount of $2.0M for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation gives primarily to Jewish organizations, temples, and yeshivas. The foundation has a stated preference for funding religious organizations or those that can provide a letter of recommendation from a religious organization.

Grantmaking

The foundation is an active grantmaker with a distributed portfolio of grants. Recent grantmaking activity includes:

Grant Range

**: $3,700

Average Grant

**: $19,700

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $4.2M (99%)

New Jersey $48K (1%)

Maryland $3K (0%)

States

Maryland New Jersey New York

Cities

AirmontBrooklynBuffaloFar RockawayFerndaleHighland MlsInwoodLakewoodLong Island CityMonroeMonseyMt KiscoNew SquareNew YorkPassaicPikesvilleSpring ValleyStaten IslandSuffern

Financial History

Multi-year comparison from IRS filings

As of fiscal year ending May 2024:

Total assets: $28,655,779
Total revenues: $2,202,302
Total expenses: $2,286,750
Number of employees: 0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$28,540,626	$28,655,779	$28,766,548
Revenue	$1,527,803	$2,202,302	$1,800,002
Expenses	$1,611,220	$2,286,750	$1,508,375
Qualifying Distributions	$1,604,432	$2,267,831	$1,500,043
Net Investment Income	$1,527,803	$2,202,302	$1,800,002
Distributable Amount	$1,956,610	$1,349,960	$1,322,845

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 2025

Grant Size Distribution

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Cong Ahaves Tzdokeh V'Chesed ($277,300), Ahavas Tzeduko Vochesed ($114,300), bNOS ZION ($105,000).

Recipient	Purpose	Amount
Ach Tov V'chesed Brooklyn, NY	to promote activities of organiazation	$7,200
Agudas Chaveirim Darcei Yosher Brooklyn, NY	to promote activities of organiazation	$2,200
AHAVAS CHESED BROOKLYN, NY	to promote activities of organiazation	$2,500
Ahavas Tzeduko Vochesed brooklyn, NY	to promote activities of organiazation	$114,300
AHAVAT YISRAEL INC LONG ISLAND CITY, NY	to promote activities of organiazation	$360
BAIS KAILA TORAH PREPARATORY HIGH SCHOOL LAKEWOOD, NJ	to promote activities of organiazation	$1,800
Bais Yaakov D'chasidei Gur BROOKLYN, NY	to promote activities of organiazation	$25,000
Birkas Moshe Brooklyn, NY	to promote activities of organiazation	$10,000
Bnei Zion Brooklyn, NY	to promote activities of organiazation	$40,000
Bnos Yaakov Brooklyn, NY	to promote activities of organiazation	$2,000

Leadership & Key People

Leadership team and compensation from IRS filings

Bernat Steinmetz - President
Michael Steinmetz - Vice President
Fay Weingarten - Vice President
David Soifer, CPA - Listed at foundation address (24 Jackson Ave, Spring Valley, NY 10977)
Abraham Weingarten - Associated with the foundation

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
MICHAEL STEINMETZ	VICE PRESIDENT	—	—
FAY WEINGARTEN	VICE PRESIDENT	—	—
ABRAHAM WEINGARTEN	TREASURER	—	—
HELEN BRECHER	SECRETARY	—	—

Contact Information

Phone: 718-436-1353
Address: 24 Jackson Ave, Spring Valley, NY 10977
EIN: 23-7048163

Frequently Asked Questions

What does B&M Steinmetz Foundation fund?

How do I apply for a grant from B&M Steinmetz Foundation?

The foundation is an active grantmaker with a distributed portfolio of grants. Recent grantmaking activity includes: • **Number of grants**: 76 grants documented • **Median grant size**: $3,700 • **Average grant size**: $19,700 • **Total giving**: Approximately $1.5 million in recent fiscal years Recent grant recipients have included the Cohen Family Foundation ($250,000), The OJC Fund ($118,600), and Bnos Zion of Bobov ($97,780), among others. The foundation describes its grantmaking purpose a…

What size grants does B&M Steinmetz Foundation award?

In 2025, B&M Steinmetz Foundation awarded 103 grants totaling $1.6M — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is B&M Steinmetz Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, B&M Steinmetz Foundation reported a distributable amount of $2.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.