Diamondston Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 35 grants totaling $126K. Net investment income was $100K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-2.9% YoY
Annual Giving
$126K
+37.8% YoY
Grant Count
35
+9.4% YoY
Avg Grant Size
$4K
+26.0% YoY
Under IRS private-foundation payout rules, Diamondston Foundation Inc reported a distributable amount of $117K for 2024 — the minimum it must pay out in qualifying distributions.
About Diamondston Foundation Inc
Based on IRS filings
Diamondston Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 35 grants totaling $126K. Net investment income was $100K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,152,048 | $2,217,017 | $2,141,677 |
| Revenue | $106,635 | $192,076 | $205,588 |
| Expenses | $150,380 | $116,736 | $125,796 |
| Qualifying Distributions | $126,134 | $91,100 | $102,500 |
| Net Investment Income | $100,241 | $171,802 | $205,588 |
| Distributable Amount | $116,854 | $104,945 | $112,023 |
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 2024
Grant Size Distribution
181 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tides Foundation ($20,000), Nyu Langone Health ($15,000), The Film Collaborative ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S FOUNDATION NEW YORK, NY | CHARITABLE | $500 |
| AMERICAN JEWISH WORLD SERVICE NEW YORK, NY | CHARITABLE | $2,000 |
| ANIKAYAAKHRA INC SOMERVILLE, MA | CHARITABLE | $1,000 |
| ASALI NEW YORK, NY | CHARITABLE | $5,000 |
| CHICKEN & EGG PICTURES BROOKLYN, NY | CHARITABLE | $5,750 |
| COMMON GOOD NEW YORK, NY | CHARITABLE | $3,000 |
| CONGREGATION ANSCHE CHESED NEW YORK, NY | CHARITABLE | $2,675 |
| CONGREGATION BETH ISRAEL SCOTCH PLAINS, NJ | CHARITABLE | $1,000 |
| CONGREGATION B'NAI BRITH SOMERVILLE, MA | CHARITABLE | $2,000 |
| CROHN'S & COLITIS FOUNDATION NJ CHA MANALAPAN, NJ | CHARITABLE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL MARGOLIN | PRESIDENT TR | — | — |
| DAVID MARGOLIN | VICE PRESIDE | — | — |
| SUSAN SMITH | VICE PRESIDE | — | — |
| BARABARA MARGOLIN | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Diamondston Foundation Inc?
Diamondston Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. It holds $2.2M in total assets as of 2024.
How large is Diamondston Foundation Inc?
As of 2024, Diamondston Foundation Inc holds $2.2M in total assets with $107K in annual revenue. It awarded 35 grants totaling $126K in 2024.
Where does Diamondston Foundation Inc operate?
Diamondston Foundation Inc has awarded grants in Alabama, California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Kentucky, Massachusetts, Maryland, New Jersey, New Mexico, Nevada, New York, Pennsylvania, Tennessee, Texas, Virginia.
What size grants does Diamondston Foundation Inc award?
In 2024, Diamondston Foundation Inc awarded 35 grants totaling $126K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Diamondston Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Diamondston Foundation Inc reported a distributable amount of $117K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Diamondston Foundation Inc's EIN?
Diamondston Foundation Inc's EIN (Employer Identification Number) is 13-4112479. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Diamondston Foundation Inc'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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