Granowitz Family Foundation Inc

Foundation · Grantmaker New Providence, NJ EIN: 81-0903343

Granowitz Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New Providence, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 5 grants totaling $167K. Net investment income was $137K.

Key facts about Granowitz Family Foundation Inc

EIN: 81-0903343
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $167,025
Grants made (2024): 5
Average grant: $33,405
Median grant: $5,000
Total assets: $3,916,528
Primary geography: Illinois (90% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Granowitz Family Foundation Inc funds

By grant dollars, the top recipient states for Granowitz Family Foundation Inc's 5 itemized 2024 grants were Illinois (90%) and New Jersey (9%). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "Annual Contribution" (4 grants).

How Granowitz Family Foundation Inc gives

Giving fell 29% from 2021 to 2024. Method
In 2024 it paid out 108% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.9M

-0.4% YoY

Annual Giving

$167K

-0.9% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$33K

-20.7% YoY

Under IRS private-foundation payout rules, Granowitz Family Foundation Inc reported a distributable amount of $165K for 2024 — the minimum it must pay out in qualifying distributions.

About Granowitz Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $150K (90%)

New Jersey $15K (9%)

New York $2K (1%)

Share of all 5 itemized 2024 grant dollars.

States

Illinois New Jersey New York Texas

Cities

New YorkRandolphPassaicChicagoWhippanyAllendaleBrooklynCliftonDallasFresh MeadowsMorristown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,916,528	$3,930,351	$4,044,553
Revenue	$255,890	$67,668	$26,439
Expenses	$195,880	$189,630	$171,341
Qualifying Distributions	$177,506	$173,100	$150,880
Net Investment Income	$136,654	$52,105	$44,998
Distributable Amount	$164,593	$154,860	$172,649

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 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 5 recipients in 2024

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Americans for Ben-Gurion University ($150,000), Mount Freedom Jewish Center ($10,125), Torah Community Fund ($5,000).

Recipient	Purpose	Amount
AMERICANS FOR BEN-GURION UNIVERSITY Chicago, IL	TO SUPPORT THE MISSION AND VISION	$150,000
MOUNT FREEDOM JEWISH CENTER Randolph, NJ	ANNUAL CONTRIBUTION	$10,125
TORAH COMMUNITY FUND Passaic, NJ	ANNUAL CONTRIBUTION	$5,000
TORAHANYTIME Fresh Meadows, NY	ANNUAL CONTRIBUTION	$1,800
JEWISH FOUND OF GREATER METROWEST Whippany, NJ	ANNUAL CONTRIBUTION	$100

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
June B Granowitz	Trustee	0.5	—
John O McManus	Trustee	0.5	—
Craig B Granowitz	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Granowitz Family Foundation Inc?

Granowitz Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New Providence, NJ. It holds $3.9M in total assets as of 2024.

How large is Granowitz Family Foundation Inc?

As of 2024, Granowitz Family Foundation Inc holds $3.9M in total assets with $256K in annual revenue. It awarded 5 grants totaling $167K in 2024.

Where does Granowitz Family Foundation Inc operate?

Granowitz Family Foundation Inc has awarded grants in Illinois, New Jersey, New York, Texas.

What size grants does Granowitz Family Foundation Inc award?

In 2024, Granowitz Family Foundation Inc awarded 5 grants totaling $167K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Granowitz Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Granowitz Family Foundation Inc reported a distributable amount of $165K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Granowitz Family Foundation Inc's EIN?

Granowitz Family Foundation Inc's EIN (Employer Identification Number) is 81-0903343. IRS Form 990 filing data is available on this page for 2020–2024.