Genie Foundation Inc
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.
Key facts about Genie Foundation Inc
- EIN
- 83-2914467
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $504,861
- Grants made (2024)
- 6
- Average grant
- $84,144
- Median grant
- $60,291
- Total assets
- $9,207,943
- Primary geography
- North Carolina (47% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Genie Foundation Inc funds
By grant dollars, the top recipient states for Genie Foundation Inc's 6 itemized 2024 grants were North Carolina (47%), California (15%) and Delaware (10%). 100% of grants with a stated purpose were for general or operating support.
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.
Next steps with Genie Foundation Inc
- How to evaluate Genie Foundation Inc as a funder
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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
Share of all 6 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Bridge Turklye Fund ($239,280), Yuva Dernegi ($75,000), Turkiye Erozyonla ($70,581).
| 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 |
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.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.