Gem Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAR HILLS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it made $12K in qualifying distributions. Net investment income was $306K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
+5.0% YoY
Revenue
$315K
+7.7% YoY
Qualifying Distributions
$12K
-96.6% YoY
Expenses
$20K
-94.2% YoY
About Gem Foundation Inc
Based on IRS filings
Gem Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAR HILLS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it made $12K in qualifying distributions. Net investment income was $306K.
Focus Areas
Ready to take the next step with Gem Foundation Inc?
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 | $6,183,681 | $5,889,409 | $5,950,543 |
| Revenue | $314,720 | $292,327 | $90,972 |
| Expenses | $20,448 | $353,461 | $402,569 |
| Qualifying Distributions | $12,033 | $353,125 | $402,313 |
| Net Investment Income | $306,305 | $291,981 | $90,716 |
| Distributable Amount | $293,303 | $286,393 | $293,099 |
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
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PUTNAM L CRAFTS JR | PRESIDENT, TREASURER, & DI | 10 | — |
| MARCIA ZWEIG | V.P & DIRECTOR | 2 | — |
| PATRICIA CALLAN CRAFTS | SECRETARY & DIRECTOR | 2 | — |
| MARTHA S SPROULE | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Stephen J Machuta Scholarship Trust
PENNINGTON, NJ
Assets
$1.9M
Grants
1
Total Given
$70K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Gem Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities