Diamond Foundation

TUCSON, AZ EIN: 86-6057240

Diamond Foundation is a private foundation, based in TUCSON, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $256K in total assets. In 2024, it awarded 9 grants totaling $14K. Net investment income was $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$256K

-3.6% YoY

Annual Giving

$14K

-88.2% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$2K

-84.2% YoY

Under IRS private-foundation payout rules, Diamond Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Diamond Foundation

Based on IRS filings

Ready to take the next step with Diamond Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Arizona $163K (97%)

New York $5K (3%)

Virginia $500 (0%)

States

Arizona New York Virginia

Cities

MerrifieldMontaukNew YorkPhoenixTucson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$256,058	$265,535	$385,703
Revenue	$6,420	$595	—
Expenses	$15,897	$120,763	$7,630
Qualifying Distributions	$15,584	$120,538	$7,405
Net Investment Income	$5,107	$370	—
Distributable Amount	$12,671	$16,047	$19,203

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

40 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Sculpture Tucson Org Inc ($5,000), Educational Enrichment Foundation ($1,500), Children's Action Alliance ($1,500).

Recipient	Purpose	Amount
TUCSON FESTIVAL OF BOOKS TUCSON, AZ	FUNDING LITERACY ADVANCEMENT IN SOUTHERN ARIZONA	$1,100
JEWISH HISTORY MUSEUM TUCSON, AZ	TUCSON JEWISH MUSEUM AND HOLOCAUST CENTER	$540
SCULPTURE TUCSON ORG INC TUCSON, AZ	A HUB FOR THE CREATION, EXHIBITION, AND APPRECIATION OF SCULPTURE	$5,000
LAPTOPS 4 LEARNING PHOENIX, AZ	PROVIDE STUDENTS ATTENDING SCHOOLS WITH LAPTOPS OF THEIR OWN	$1,000
EDUCATIONAL ENRICHMENT FOUNDATION TUCSON, AZ	SUPPORT TUCSON UNIFIED SCHOOL DISTRICT	$1,500
WORLD JEWISH CONGRESS FOUNDATION NEW YORK, NY	FOSTER THE UNITY AND REPRESENT THE INTERESTS OF THE JEWISH PEOPLE	$1,000
CHILDREN'S ACTION ALLIANCE PHOENIX, AZ	IMPROVE CHILDREN'S HEALTH, EDUCATION, AND SECURITY	$1,500
UNIVERSITY OF ARIZONA DISABILITY RESOURCE CENTER TUCSON, AZ	DISABILITY RESOURCES AT THE UNIVERSITY OF ARIZONA	$1,500
CONCERNED CITIZENS OF MONTAUK MONTAUK, NY	PROTECT ENVIRONMENT AND ECOLOGY ON LONG ISLAND	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HELAINE LEVY	PRESIDENT	1	—
NATHAN LEVY	VICE PRESIDENT	1	—
DAVID GOLDSTEIN	TREASURER	1	—
ROBERT FORTUNO	SECRETARY	1	—

Frequently Asked Questions

How large is Diamond Foundation?

As of 2024, Diamond Foundation holds $256K in total assets with $6K in annual revenue. It awarded 9 grants totaling $14K in 2024.

Where does Diamond Foundation operate?

Diamond Foundation has awarded grants in Arizona, New York, Virginia.

What size grants does Diamond Foundation award?

In 2024, Diamond Foundation awarded 9 grants totaling $14K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Diamond Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Diamond Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.