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
Under IRS private-foundation payout rules, Genie Foundation Inc reported a distributable amount of $657K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Bridge Turklye Fund ($239,280), Yuva Dernegi ($75,000), Turkiye Erozyonla ($70,581).
| Recipient | Purpose | Amount |
|---|---|---|
| YUVA DERNEGI SAN FANCISCO, CA | GENERAL SUPPORT | $75,000 |
| BRIDGE TURKLYE FUND CARY, NC | GENERAL SUPPORT | $239,280 |
| TURKIYE EROZYONLA | GENERAL SUPPORT | $70,581 |
| GIVE DIRECTLY CLIMATE SURVIVAL FUND NEW YORK, NY | GENERAL SUPPORT | $40,000 |
| DOORWAYS WILMINGTON, DE | GENERAL SUPPORT | $50,000 |
| AFAC ARLINGTON FOOD ASSISTANCE CENTER ARLINGTON, VA | GENERAL SUPPORT | $30,000 |
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
Frequently Asked Questions
What is Genie Foundation Inc?
Genie Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. It holds $9.2M in total assets as of 2024.
How large is Genie Foundation Inc?
As of 2024, Genie Foundation Inc holds $9.2M in total assets with $382K in annual revenue. It awarded 6 grants totaling $505K in 2024.
Where does Genie Foundation Inc operate?
Genie Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Delaware, North Carolina, New York, Virginia.
What size grants does Genie Foundation Inc award?
In 2024, Genie Foundation Inc awarded 6 grants totaling $505K — an average of about $84K per grant, based on its IRS Form 990 filings.
How much is Genie Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Genie Foundation Inc reported a distributable amount of $657K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Genie Foundation Inc's EIN?
Genie Foundation Inc's EIN (Employer Identification Number) is 83-2914467. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Genie Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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