Gellman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CEDAR KNOLLS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 1 grants totaling $116K. Net investment income was $121K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+1.7% YoY
Annual Giving
$116K
-14.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$116K
-14.3% YoY
Under IRS private-foundation payout rules, Gellman Foundation Inc reported a distributable amount of $119K for 2024 — the minimum it must pay out in qualifying distributions.
About Gellman Foundation Inc
Based on IRS filings
Gellman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CEDAR KNOLLS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 1 grants totaling $116K. Net investment income was $121K.
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 | $2,529,778 | $2,487,958 | $2,474,395 |
| Revenue | $548,951 | $444,384 | $540,836 |
| Expenses | $607,944 | $635,238 | $672,858 |
| Qualifying Distributions | $475,241 | $548,212 | $519,393 |
| Net Investment Income | $120,611 | $67,682 | $63,930 |
| Distributable Amount | $119,156 | $120,808 | $134,726 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Various Places in Nj & Ny Near ($115,620).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS PLACES IN NJ & NY NEAR CEDAR KNOLLS, NJ | TO SUPPLY CLOTHING AND NECESSITIES TO THOSE IN NEED THRU DIRECT DISTRIBUTION OR DISTRIBUTION TO SITES THAT HAVE CLIENTELLE | $115,620 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK KELLER | TRUSTEE | — | — |
| FRANK PESSOLANO | TRUSTEE | — | — |
| DEBORAH CAMPESI | TRUSTEE | — | — |
| CAROL DZUIBA | TRUSTEE | — | — |
| JULIANA CAMPESI | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gellman Foundation Inc?
Gellman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CEDAR KNOLLS, NJ. It holds $2.5M in total assets as of 2024.
How large is Gellman Foundation Inc?
As of 2024, Gellman Foundation Inc holds $2.5M in total assets with $549K in annual revenue. It awarded 1 grants totaling $116K in 2024.
Where does Gellman Foundation Inc operate?
Gellman Foundation Inc has awarded grants in New Jersey.
What size grants does Gellman Foundation Inc award?
In 2024, Gellman Foundation Inc awarded 1 grants totaling $116K — an average of about $116K per grant, based on its IRS Form 990 filings.
How much is Gellman Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gellman Foundation Inc reported a distributable amount of $119K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gellman Foundation Inc's EIN?
Gellman Foundation Inc's EIN (Employer Identification Number) is 26-4436349. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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