Best of Chai Corp is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERS POINT, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 7 grants totaling $225K. Net investment income was $207K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.7M
+5.0% YoY
Annual Giving
$225K
-1.3% YoY
Grant Count
7
-30.0% YoY
Avg Grant Size
$32K
+41.0% YoY
Under IRS private-foundation payout rules, Best of Chai Corp reported a distributable amount of $229K for 2025 — the minimum it must pay out in qualifying distributions.
About Best of Chai Corp
Based on IRS filings
Best of Chai Corp is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERS POINT, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 7 grants totaling $225K. Net investment income was $207K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,738,053 | $4,510,872 | $4,320,909 |
| Revenue | $253,437 | $216,508 | $184,895 |
| Expenses | $274,796 | $275,504 | $306,365 |
| Qualifying Distributions | $225,000 | $228,000 | $253,000 |
| Net Investment Income | $207,289 | $172,352 | $140,796 |
| Distributable Amount | $229,017 | $216,316 | $211,155 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Boys & Girls Club of Atlantic City ($72,000), Jewish Family Service ($48,000), Jewish Older Adult Services of Atlantic County ($36,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUB OF ATLANTIC CITY ATLANTIC CITY, NJ | UNRESTRICTED | $72,000 |
| COMMUNITY FOOD BANK OF NJ INC HILLSIDE, NJ | UNRESTRICTED | $18,000 |
| JEWISH FAMILY SERVICE MARGATE, NJ | UNRESTRICTED | $48,000 |
| JEWISH COMMUNITY CENTER OF MARGATE MARGATE, NJ | UNRESTRICTED | $25,000 |
| JEWISH OLDER ADULT SERVICES OF ATLANTIC COUNTY ATLANTIC CITY, NJ | UNRESTRICTED | $36,000 |
| BIRTHRIGHT ISRAEL FOUNDATION NEW YORK, NY | UNRESTRICTED | $18,000 |
| BIG BROTHERS & SISTERS NORTHFIELD, NJ | UNRESTRICTED | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTIN WOOD | TRUSTEE | 0.25 | — |
| HERB STERN | TRUSTEE | 0.25 | — |
| KENNETH MACKLER | TRUSTEE | 0.25 | — |
| ROBERT KIEJDAN | TRUSTEE | 0.25 | — |
| HEIDI MAE | TRUSTEE | 0.25 | — |
| LOUIS BLUMBERG | TRUSTEE | 0.25 | — |
| MAURY BLUMBERG | TRUSTEE | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Best of Chai Corp?
Best of Chai Corp is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERS POINT, NJ. It holds $4.7M in total assets as of 2025.
How large is Best of Chai Corp?
As of 2025, Best of Chai Corp holds $4.7M in total assets with $253K in annual revenue. It awarded 7 grants totaling $225K in 2025.
Where does Best of Chai Corp operate?
Best of Chai Corp has awarded grants in Florida, New Jersey, New York.
What size grants does Best of Chai Corp award?
In 2025, Best of Chai Corp awarded 7 grants totaling $225K — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is Best of Chai Corp required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Best of Chai Corp reported a distributable amount of $229K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Best of Chai Corp's EIN?
Best of Chai Corp's EIN (Employer Identification Number) is 82-3402562. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Best of Chai Corp's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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