Gennx Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12K in total assets. In 2024, it awarded 49 grants totaling $322K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12K
+13.5% YoY
Annual Giving
$322K
+23.2% YoY
Grant Count
49
+2.1% YoY
Avg Grant Size
$7K
+20.7% YoY
Under IRS private-foundation payout rules, Gennx Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Gennx Foundation Inc
Based on IRS filings
Gennx Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12K in total assets. In 2024, it awarded 49 grants totaling $322K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,953 | $10,529 | $155,141 |
| Revenue | $331,500 | $120,001 | $300,001 |
| Expenses | $326,993 | $264,718 | $184,318 |
| Qualifying Distributions | $325,493 | $264,718 | $184,303 |
| Net Investment Income | — | $1 | — |
| Distributable Amount | $2,048 | $3,116 | $1,315 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
136 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Committee for Hispanic Children ($55,000), National Association of Investment Companies ($50,000), The Links Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 70X7 LIFE RECOVERY WYOMING, MI | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $1,500 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $750 |
| AMERICAN NATIONAL RED CROSS BOONE, IA | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $250 |
| AUSTIN PETS ALIVE DALLAS, TX | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $2,250 |
| AYATI SCOTCH PLAINS, NJ | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $1,500 |
| BEYOND THE HORIZON CORPORATION NORTH BRANFORD, CT | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $3,000 |
| CANCER CONNECTS EAST SYRACUSE, NY | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $1,500 |
| CITY TEAM CHESTER PA MEDIA, PA | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $3,500 |
| CLEVELAND METROPARKS (BRADLEY WOODS ENHANCEMENT FUND) CLEVELAND, OH | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $250 |
| COLOMBIANITOS INC ATLANTA, GA | TO FURTHER THAT TAX EXEMPT MISSION OF THE ORGANIZATION | $750 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LATASHA AKOMA | DIRECTOR | 2 | — |
| RISHI VERMA | CHAIRMAN | 2 | — |
| SUMIT TONY | TREASURER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gennx Foundation Inc?
Gennx Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $12K in total assets as of 2024.
How large is Gennx Foundation Inc?
As of 2024, Gennx Foundation Inc holds $12K in total assets with $332K in annual revenue. It awarded 49 grants totaling $322K in 2024.
Where does Gennx Foundation Inc operate?
Gennx Foundation Inc has awarded grants in Alabama, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Iowa, Illinois, Maryland, Michigan, Missouri, Mississippi, Nebraska, New Hampshire, New Jersey, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin.
What size grants does Gennx Foundation Inc award?
In 2024, Gennx Foundation Inc awarded 49 grants totaling $322K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Gennx Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gennx Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gennx Foundation Inc's EIN?
Gennx Foundation Inc's EIN (Employer Identification Number) is 27-2613000. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gennx 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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