Gelfand Family Foundation Inc

BERNARDSVILLE, NJ EIN: 22-3835295

Gelfand Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BERNARDSVILLE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $504K in total assets. Net investment income was $41K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$504K

+8.7% YoY

Revenue

$41K

-55.0% YoY

Net Investment Income

$41K

-63.0% YoY

Expenses

$1K

-93.1% YoY

Under IRS private-foundation payout rules, Gelfand Family Foundation Inc reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.

About Gelfand Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Gelfand Family Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $102K (38%)

New Jersey $83K (31%)

Massachusetts $41K (15%)

California $19K (7%)

Nebraska $9K (3%)

Illinois $8K (3%)

Colorado $2K (1%)

Virginia $2K (1%)

+7 more states

States

Alabama Arkansas California Colorado District of Columbia Florida Illinois Massachusetts Nebraska New Jersey New York Pennsylvania Texas Virginia Vermont

Cities

Basking RidgeBeach HavenBernardsvilleBloomfieldBoontonBostonBridgewaterBurlingtonChula VistaCliftonEagleElizabethEvanstonFar HillsGladstoneHillsideHoustonIthacaJersey CityLittle Rock

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$504,460	$464,192	$948,422
Revenue	$41,382	$91,871	$10,666
Expenses	$1,114	$16,185	$176,520
Qualifying Distributions	—	$15,829	$176,118
Net Investment Income	$40,991	$110,763	$11,709
Distributable Amount	$32,148	$33,336	$60,429

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

164 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WILMA GELFAND	PRESIDENT & TRUSTEE	1	—
ARTHUR GELFAND THRU 122924	VICE PRESIDENT & TRUSTEE	0.5	—
DOUGLAS GELFAND	TREASURER & TRUSTEE	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Gelfand Family Foundation Inc?

Gelfand Family Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in BERNARDSVILLE, NJ. It holds $504K in total assets as of 2024.

How large is Gelfand Family Foundation Inc?

As of 2024, Gelfand Family Foundation Inc holds $504K in total assets with $41K in annual revenue.

Where does Gelfand Family Foundation Inc operate?

Gelfand Family Foundation Inc has awarded grants in Alabama, Arkansas, California, Colorado, District of Columbia, Florida, Illinois, Massachusetts, Nebraska, New Jersey, New York, Pennsylvania, Texas, Virginia, Vermont.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gelfand Family Foundation Inc reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.