Gem Foundation Inc
Gem Foundation Inc is a private foundation, based in Far Hills, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.1M in total assets. In 2025, it awarded 1 grant totaling $300K. Net investment income was $257K.
Gem Foundation Inc at a glance
In short: Gem Foundation Inc gave $300K across 1 grant in 2025 (avg $300K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $300,000
- Grants made (2025)
- 1
- Average grant
- $300,000
- Median grant
- $300,000
- Total assets
- $6,138,308
- -0.7% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gem Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Uncommon Schools ($300K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Gem Foundation Inc gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $100K (2021) to $650K (2020). In 2025 it made 1 grant totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Uncommon Schools New York, NY | Education | $300,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,138,308 | $261,744 | $307,117 | $300,000 | 1 | $302,726 | $257,353 | $301,905 |
| 2024 | $6,183,681 | $314,720 | $20,448 | — | — | $12,033 | $306,305 | $293,303 |
| 2023 | $5,889,409 | $292,327 | $353,461 | $350,000 | 2 | $353,125 | $291,981 | $286,393 |
| 2022 | $5,950,543 | $90,972 | $402,569 | $400,000 | 2 | $402,313 | $90,716 | $293,099 |
| 2021 | $6,262,140 | $649 | $103,477 | $100,000 | 1 | $103,129 | $301 | $311,833 |
| 2020 | $6,364,968 | $35,471 | $657,535 | $650,000 | 3 | — | $30,871 | $312,564 |
| 2019 | $6,987,032 | $150,681 | $303,816 | $300,000 | 2 | — | $150,400 | $346,380 |
Under IRS private-foundation payout rules, Gem Foundation Inc reported a distributable amount of $302K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gem Foundation Inc is led by Putnam L. Crafts Jr., President, Treasurer & Director on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Putnam L. Crafts Jr.
President, Treasurer & Director
On filings since 2019
10 hrs/week
No compensation reported
Marcia Zweig
V.p & Director
On filings since 2019
2 hrs/week
No compensation reported
Martha S. Sproule
Director
On filings since 2019
2 hrs/week
No compensation reported
Patricia Callan Crafts
Secretary & Director
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gem Foundation Inc
How much does Gem Foundation Inc give each year?
Gem Foundation Inc gave $300K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
How large is Gem Foundation Inc?
Gem Foundation Inc reported $6.1M in total assets on its 2025 IRS Form 990-PF. It paid out $303K in qualifying distributions that year, against a required minimum of $302K (roughly 5% of its investment assets).
Where does Gem Foundation Inc operate?
Gem Foundation Inc has awarded grants in New Jersey, New York.
What is Gem Foundation Inc's EIN?
Gem Foundation Inc's EIN (Employer Identification Number) is 20-8856858. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 16, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 30, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 1, 2024)
Live grants for the work Gem Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Gem Foundation Inc's focus areas in our free grants database
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