Goodworks 18 Foundation Inc
Goodworks 18 Foundation Inc is a private foundation, based in Montvale, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.5M in total assets. In 2024, it awarded 2 grants totaling $2.8M. Net investment income was $991K.
Goodworks 18 Foundation Inc at a glance
In short: Goodworks 18 Foundation Inc gave $2.8M across 2 grants in 2024 (avg $1.4M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,753,850
- -13.0% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $1,376,925
- -13.0% vs 2023
- Median grant
- $1,376,925
- Total assets
- $15,516,249
- -8.5% vs 2023
- Primary geography
- Massachusetts (64% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Goodworks 18 Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $1–5M range: 7 grants of 10 (70%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Goodworks 18 Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−16%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 $2.6M (2020) to $3.4M (2022). In 2024 it made 2 grants totaling $2.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 grants to individuals Recipients not named | — | $2,753,850 |
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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 | $15,516,249 | $1,146,640 | $2,911,033 | $2,753,850 | 2 | $2,753,850 | $990,842 | $82,265 |
| 2023 | $16,955,064 | $314,112 | $3,323,964 | $3,164,265 | 2 | $3,164,265 | $999,673 | $923,825 |
| 2022 | $19,964,916 | $1,462,722 | $3,604,013 | $3,373,209 | 2 | $3,373,209 | $1,227,682 | $920,409 |
| 2021 | $22,106,207 | $12,170,304 | $3,574,988 | $3,279,980 | 2 | $3,499,980 | $6,608,772 | $796,116 |
| 2020 | $13,510,891 | $11,977,549 | $2,695,334 | $2,623,879 | 2 | — | $580,662 | $510,532 |
Under IRS private-foundation payout rules, Goodworks 18 Foundation Inc reported a distributable amount of $82K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Goodworks 18 Foundation Inc is led by Malka Neustadter, President on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Malka Neustadter
President
On filings since 2020
8 hrs/week
$40K (2020) → $46K (2024)
Hadas Neustadter
Director
On filings since 2020
No compensation reported
Joshua Itamar Neustadter
Treasurer & Secretary
On filings since 2020
4 hrs/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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $46K, to Malka Neustadter (President).
Frequently asked questions about Goodworks 18 Foundation Inc
How much does Goodworks 18 Foundation Inc give each year?
Goodworks 18 Foundation Inc gave $2.8M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.2M across 2 grants.
How large is Goodworks 18 Foundation Inc?
Goodworks 18 Foundation Inc reported $15.5M in total assets on its 2024 IRS Form 990-PF. It paid out $2.8M in qualifying distributions that year, against a required minimum of $82K (roughly 5% of its investment assets).
Where does Goodworks 18 Foundation Inc operate?
Goodworks 18 Foundation Inc has awarded grants in Massachusetts, New York.
What is Goodworks 18 Foundation Inc's EIN?
Goodworks 18 Foundation Inc's EIN (Employer Identification Number) is 47-2405355. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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