Gabbay Foundation Inc

WATCHUNG, NJ EIN: 23-7048471

Gabbay Foundation Inc is a private foundation, based in WATCHUNG, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $512K in total assets. In 2024, it awarded 1 grants totaling $129K. Net investment income was $38K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$512K

-24.6% YoY

Annual Giving

$129K

+0.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$129K

+0.4% YoY

Under IRS private-foundation payout rules, Gabbay Foundation Inc reported a distributable amount of $139K for 2024 — the minimum it must pay out in qualifying distributions.

About Gabbay Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $327K (56%)

New York $257K (44%)

States

New York Ohio

Cities

CincinnatiNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$511,519	$678,478	$736,559
Revenue	$-34,381	$39,248	$40,123
Expenses	$132,334	$128,722	$119,874
Qualifying Distributions	$129,006	$128,466	$118,699
Net Investment Income	$37,674	$39,269	$39,198
Distributable Amount	$138,995	$129,006	$127,538

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Morgan Stanley Global Funding Trust ($129,006).

Recipient	Purpose	Amount
MORGAN STANLEY GLOBAL FUNDING TRUST NEW YORK, NY	EDUCATIONAL	$129,006

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SUSAN LEWIS	PRES/TREAS	1	—
DANIEL INY	VICE PRES	1	—
REBECCA LEWIS	SECRETARY	1	—

Frequently Asked Questions

How large is Gabbay Foundation Inc?

As of 2024, Gabbay Foundation Inc holds $512K in total assets with $-34,381 in annual revenue. It awarded 1 grants totaling $129K in 2024.

Where does Gabbay Foundation Inc operate?

Gabbay Foundation Inc has awarded grants in New York, Ohio.

What size grants does Gabbay Foundation Inc award?

In 2024, Gabbay Foundation Inc awarded 1 grants totaling $129K — an average of about $129K per grant, based on its IRS Form 990 filings.

How much is Gabbay Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gabbay Foundation Inc reported a distributable amount of $139K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.