GSS Foundation Inc
GSS Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $58K in total assets. In 2024, it awarded 1 grant totaling $600. Net investment income was $5K.
GSS Foundation Inc at a glance
In short: GSS Foundation Inc gave $600 across 1 grant in 2024 (avg $600), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $600
- -40.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $600
- -40.0% vs 2023
- Median grant
- $600
- Total assets
- $57,861
- +0.3% vs 2023
- Primary geography
- New York (100% 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 GSS Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Meon Hatorah ($600).
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How GSS Foundation Inc gives
- Giving fell 97% from 2021 to 2024. Method
- In 2024 it paid out 23% 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 $500 (2022) to $21K (2021). In 2024 it made 1 grant totaling $600.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Meon Hatorah Suffern, NY | Charitable Purposes | $600 |
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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 | $57,861 | $4,953 | $4,800 | $600 | 1 | $600 | $4,953 | $2,651 |
| 2023 | $57,708 | $3 | $1,096 | $1,000 | 1 | $1,000 | $3 | — |
| 2022 | $58,801 | $3,316 | $2,300 | $500 | 1 | $500 | $3,300 | — |
| 2021 | $57,822 | $62,685 | $22,675 | $20,900 | 10 | $20,900 | $2,685 | $3,180 |
| 2020 | $17,812 | $10,027 | $18,365 | $17,340 | 5 | — | $27 | $1,083 |
Under IRS private-foundation payout rules, GSS Foundation Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
GSS Foundation Inc is led by Gail Margulis, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gail Margulis
President
On filings since 2020
No compensation reported
Jack Schenker
Treasurer & Secretary
Treasurer → Treasurer & Secretary, 2024
On filings since 2020
No compensation reported
Former officers (1)
- Former: Simone Schenker (2020–2023) — Secretary
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 GSS Foundation Inc
How much does GSS Foundation Inc give each year?
GSS Foundation Inc gave $600 across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1K across 1 grant.
How large is GSS Foundation Inc?
GSS Foundation Inc reported $58K in total assets on its 2024 IRS Form 990-PF. It paid out $600 in qualifying distributions that year, against a required minimum of $3K (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.
Where does GSS Foundation Inc operate?
GSS Foundation Inc has awarded grants in New Jersey, New York.
What is GSS Foundation Inc's EIN?
GSS Foundation Inc's EIN (Employer Identification Number) is 23-7028896. 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
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