Genie Foundation Inc
Genie Foundation Inc is a private foundation, 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.
Genie Foundation Inc at a glance
In short: Genie Foundation Inc gave $505K across 6 grants in 2024 (avg $84K), top state North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $504,861
- +37.5% vs 2023
- Grants made (2024)
- 6
- +50.0% vs 2023
- Average grant
- $84,144
- -8.3% vs 2023
- Median grant
- $60,291
- Total assets
- $9,207,943
- -1.7% vs 2023
- Primary geography
- North Carolina (47% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Genie Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Bridge Turklye Fund ($239K). Together the top 6 received $505K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 15 grants of 36 (42%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Genie Foundation Inc gives
- Giving fell 41% from 2021 to 2024. Method
- In 2024 it paid out 77% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $150K (2022) to $850K (2021). In 2024 it made 6 grants totaling $505K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bridge Turklye Fund Cary, NC | General Support | $239,280 |
| Yuva Dernegi San Fancisco, CA | General Support | $75,000 |
| Turkiye Erozyonla | General Support | $70,581 |
| Doorways Wilmington, DE | General Support | $50,000 |
| Give Directly Climate Survival Fund New York, NY | General Support | $40,000 |
| Afac Arlington Food Assistance Center Arlington, VA | General Support | $30,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,207,943 | $382,207 | $571,554 | $504,861 | 6 | $504,861 | $315,514 | $657,455 |
| 2023 | $9,364,830 | $499,495 | $464,343 | $367,201 | 4 | $367,201 | $402,353 | $526,187 |
| 2022 | $9,617,661 | $147,918 | $216,931 | $150,000 | 1 | $150,000 | $81,487 | $504,462 |
| 2021 | $9,782,767 | $6,034,872 | $932,954 | $850,000 | 12 | $850,000 | $3,663,973 | $549,145 |
| 2020 | $4,762,130 | $416,752 | $550,570 | $545,000 | 13 | — | $416,502 | $312,615 |
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.
Leadership & Key People
Officers and directors from IRS filings
Genie Foundation Inc is led by Christine Strossman, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Christine Strossman
President
On filings since 2020
1 hr/week
No compensation reported
Berkay Mollamustafagolu
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Genie Foundation Inc
How much does Genie Foundation Inc give each year?
Genie Foundation Inc gave $505K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $367K across 4 grants.
What is Genie Foundation Inc's typical grant size?
Genie Foundation Inc's median grant in 2024 was $60,291, and its average grant was $84,144, across 6 grants on its 2024 IRS Form 990-PF.
Where does Genie Foundation Inc give grants?
Genie Foundation Inc's top state is North Carolina, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (15%) and Delaware (10%).
Does Genie Foundation Inc give general operating support?
Yes: 100% of Genie Foundation Inc's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Genie Foundation Inc's largest grantees?
Genie Foundation Inc's largest 2024 grantees include Bridge Turklye Fund ($239,280), Yuva Dernegi ($75,000) and Turkiye Erozyonla ($70,581), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
How large is Genie Foundation Inc?
Genie Foundation Inc reported $9.2M in total assets on its 2024 IRS Form 990-PF. It paid out $505K in qualifying distributions that year, against a required minimum of $657K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Genie Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Genie Foundation Inc's focus areas in our free grants database
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