Best of Chai Corp

Private foundation · Grantmaker Somers Point, NJ EIN: 82-3402562

Best of Chai Corp is a private foundation, 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.

Key facts about Best of Chai Corp

In short: Best of Chai Corp gave $225K across 7 grants in 2025 (avg $32K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.

EIN
82-3402562
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$225,000
Grants made (2025)
7
Average grant
$32,143
Median grant
$25,000
Total assets
$4,738,053
Primary geography
New Jersey (92% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

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.

How Best of Chai Corp gives

  • Giving held roughly steady from 2022 to 2025 (−10%). Method
  • In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 7 itemized grants.

Cities

Atlantic CityMargateHillsideNorthfieldNew YorkSunriseAbsecon

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K4 grants2020 4 grants2021 6 grants2022 10 grants2023 10 grants2024 7 grants2025

From 2020 to 2025, annual grant giving ranged from $225K (2025) to $254K (2020). In 2025 it made 7 grants totaling $225K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

Boys & Girls Club of Atlantic City: $72KBoys & Girls Club of AtlanticCity$72KJewish Family Service: $48KJewish Family Service$48KJewish Older Adult Services of Atlantic County: $36KJewish Older Adult Services ofAtlantic County$36KJewish Community Center of Margate: $25KJewish Community Center ofMargate$25KCommunity Food Bank of NJ Inc: $18KCommunity Food Bank of NJ Inc$18KBirthright Israel Foundation: $18KBirthright Israel Foundation$18KBig Brothers & Sisters: $8KBig Brothers & Sisters$8K

The largest 2025 recipient was Boys & Girls Club of Atlantic City ($72K). Together the top 7 received $225K.

Grant Size Distribution

37 grants across all recorded years

29<$50K7$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 29 grants of 37 (78%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Boys & Girls Club of Atlantic City Atlantic City, NJUnrestricted$72,000
Jewish Family Service Margate, NJUnrestricted$48,000
Jewish Older Adult Services of Atlantic County Atlantic City, NJUnrestricted$36,000
Jewish Community Center of Margate Margate, NJUnrestricted$25,000
Community Food Bank of NJ Inc Hillside, NJUnrestricted$18,000
Birthright Israel Foundation New York, NYUnrestricted$18,000
Big Brothers & Sisters Northfield, NJUnrestricted$8,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024 2025
Metric202520242023
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Best of Chai Corp's 2025 filing lists 7 officers; none of the 7 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Heidi Mae

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Herb Stern

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Kenneth Mackler

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Louis Blumberg

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Martin Wood

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Maury Blumberg

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Robert Kiejdan

    Trustee

    On filings since 2020

    0.3 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Best of Chai Corp

How much does Best of Chai Corp give each year?

Best of Chai Corp gave $225K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $228K across 10 grants.

What is Best of Chai Corp's typical grant size?

Best of Chai Corp's median grant in 2025 was $25,000, and its average grant was $32,143, across 7 grants on its 2025 IRS Form 990-PF.

Where does Best of Chai Corp give grants?

Best of Chai Corp gives mostly in New Jersey: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (8%). The most frequent recipient cities were Atlantic City, NJ (2 grants) and Margate, NJ (2 grants).

Does Best of Chai Corp give general operating support?

Yes: 100% of Best of Chai Corp's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Best of Chai Corp's largest grantees?

Best of Chai Corp's largest 2025 grantees include Boys & Girls Club of Atlantic City ($72,000), Jewish Family Service ($48,000) and Jewish Older Adult Services of Atlantic County ($36,000), according to its 2025 IRS Form 990-PF. Together they received 69% of its itemized 2025 grant dollars.

How large is Best of Chai Corp?

Best of Chai Corp reported $4.7M in total assets on its 2025 IRS Form 990-PF. It paid out $225K in qualifying distributions that year, against a required minimum of $229K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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