Genie Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.2M in total assets. In 2024, it awarded 6 grants totaling $505K. Net investment income was $316K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.2M
-1.7% YoY
Annual Giving
$505K
+37.5% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$84K
-8.3% YoY
About Genie Foundation Inc
Based on IRS filings
Genie Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.2M in total assets. In 2024, it awarded 6 grants totaling $505K. Net investment income was $316K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,207,943 | $9,364,830 | $9,617,661 |
| Revenue | $382,207 | $499,495 | $147,918 |
| Expenses | $571,554 | $464,343 | $216,931 |
| Qualifying Distributions | $504,861 | $367,201 | $150,000 |
| Net Investment Income | $315,514 | $402,353 | $81,487 |
| Distributable Amount | $657,455 | $526,187 | $504,462 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
36 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 |
|---|---|---|---|
| CHRISTINE STROSSMAN | PRESIDENT | 1 | — |
| BERKAY MOLLAMUSTAFAGOLU | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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