Custom Foundation Inc
Custom Foundation Inc is a private foundation, based in Boca Raton, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $455K in total assets. In 2024, it awarded 6 grants totaling $23K. Net investment income was $36K.
Custom Foundation Inc at a glance
In short: Custom Foundation Inc gave $23K across 6 grants in 2024 (avg $4K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,708
- -48.9% vs 2023
- Grants made (2024)
- 6
- +200.0% vs 2023
- Average grant
- $3,785
- -83.0% vs 2023
- Median grant
- $1,604
- Total assets
- $455,084
- +0.6% vs 2023
- Primary geography
- Florida (65% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Custom Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Bikur Cholim of S Palm Beach ($12K). Together the top 5 received $21K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Custom Foundation Inc gives
- Giving grew 38% from 2021 to 2024. Method
- In 2024 it paid out 83% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $14K (2022) to $44K (2023). In 2024 it made 6 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bikur Cholim of S Palm Beach Boca Raton, FL | Charitable | $11,500 |
| Uta Torah V'yirah Brooklyn, NY | Charitable | $6,000 |
| Chabad of West Boca Raton Boca Raton, FL | Charitable | $1,800 |
| Various Charitable Organizations Various, FL | Charitable | $1,408 |
| Kollel Avreichim Brooklyn, NY | Charitable | $1,000 |
| United Talmudical Academy Brooklyn, NY | Charitable | $1,000 |
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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 | $455,084 | $40,509 | $40,661 | $22,708 | 6 | $23,748 | $36,045 | $28,693 |
| 2023 | $452,236 | $34,495 | $61,630 | $44,420 | 2 | $45,320 | $30,544 | $27,627 |
| 2022 | $479,371 | $29,934 | $33,047 | $14,140 | 9 | $15,908 | $25,209 | $30,004 |
| 2021 | $482,484 | $31,928 | $32,398 | $16,493 | 9 | $16,493 | $28,405 | $31,220 |
| 2020 | $482,954 | $18,377 | $24,597 | $15,275 | 8 | — | $15,077 | $30,372 |
Under IRS private-foundation payout rules, Custom Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Custom Foundation Inc is led by Moshe Zicherman, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Moshe Zicherman
President
On filings since 2020
No compensation reported
Fay Zeller
CFO
On filings since 2020
6 hrs/week
$3K (2020) → $0 (2024)
Dov Fried
Vice President
On filings since 2020
No compensation reported
Rosalyn Zicherman
Secretary
On filings since 2020
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.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $6K, to Fay Zeller (CFO).
Frequently asked questions about Custom Foundation Inc
How much does Custom Foundation Inc give each year?
Custom Foundation Inc gave $23K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $44K across 2 grants.
What is Custom Foundation Inc's typical grant size?
Custom Foundation Inc's median grant in 2024 was $1,604, and its average grant was $3,785, across 6 grants on its 2024 IRS Form 990-PF.
Where does Custom Foundation Inc give grants?
Custom Foundation Inc gives mostly in Florida: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (35%). The most frequent recipient cities were Brooklyn, NY (3 grants) and Boca Raton, FL (2 grants).
Does Custom Foundation Inc give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Custom Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (6 grants).
Who are Custom Foundation Inc's largest grantees?
Custom Foundation Inc's largest 2024 grantees include Bikur Cholim of S Palm Beach ($11,500), Uta Torah V'yirah ($6,000) and Chabad of West Boca Raton ($1,800), according to its 2024 IRS Form 990-PF. Together they received 85% of its itemized 2024 grant dollars.
How large is Custom Foundation Inc?
Custom Foundation Inc reported $455K in total assets on its 2024 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $29K (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 Custom Foundation Inc's EIN?
Custom Foundation Inc's EIN (Employer Identification Number) is 26-1676236. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 Custom Foundation Inc funds
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