Isaac & Marjorie Gindi Foundation Inc

NEW YORK, NY EIN: 81-0862696

The Isaac and Marjorie Gindi Foundation is a private foundation based in New York, NY, established in 2016. The foundation operates as a 501(c)(3) tax-exempt organization and is also known as IMG Charity Foundation. It functions as a grantmaking foundation with no employees, distributing funds to various charitable organizations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

-25.9% YoY

Annual Giving

$923K

+3.7% YoY

Grant Count

168

+38.8% YoY

Avg Grant Size

$5K

-25.3% YoY

Under IRS private-foundation payout rules, Isaac & Marjorie Gindi Foundation Inc reported a distributable amount of $125K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily funds general purpose charitable causes. Based on recent grantmaking activity, the foundation demonstrates a particular commitment to supporting religious and educational institutions, with notable grants to synagogues and learning centers.

Grantmaking

The foundation maintains active grantmaking operations, having made 105 grants in 2024. Recent grants include:

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $1.4M (85%)

New Jersey $194K (12%)

Maryland $23K (1%)

Florida $10K (1%)

Illinois $10K (1%)

Virginia $3K (0%)

Connecticut $900 (0%)

Massachusetts $500 (0%)

+7 more states

States

California Connecticut Florida Illinois Massachusetts Maryland New Jersey Nevada New York Ohio Pennsylvania South Carolina Tennessee Texas Virginia

Cities

BaltimoreBostonBridgeportBrooklynCedarhurstChicagoCliftonColumbiaDealElberonElizabethFlushingForest HillsFresh MeadowsGreat NeckHagerstownHartsdaleHolmdelInwoodJackson

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending December 2024:

Total Assets: $1,965,172
Total Revenues: $334,055
Total Expenses: $928,819
Number of Employees: 0

The foundation's expense-to-revenue ratio reflects active grant distribution relative to incoming contributions during the fiscal year.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,965,172	$2,653,337	$2,852,871
Revenue	$334,055	$606,470	$621,495
Expenses	$928,819	$899,405	$570,552
Qualifying Distributions	$922,916	$890,232	$566,567
Net Investment Income	$83,963	$97,466	$108,110
Distributable Amount	$125,093	$127,035	$125,423

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

247 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bnei Yitzhak ($105,501), American Friends of Shehebar Sephardic Center ($24,000), Anna Elyana Harstein ($20,800).

Recipient	Purpose	Amount
A GIVING HAND NJ, NJ	GENERAL SUPPORT	$1,800
AHABAT KOL ISRAEL INC BROOKLYN, NY	GENERAL SUPPORT	$1,000
AHAVAT SHALOM NEW YORK, NY	GENERAL SUPPORT	$6,000
AIEF WASHINGTON DC, NY	GENERAL SUPPORT	$18,750
AMERICAN CANCER SOCIETY HAGERSTOWN, MD	GENERAL SUPPORT	$200
AMERICAN FRIENDS FOR SHAARE ZEDEK NY, NY	GENERAL SUPPORT	$1,000
AMERICAN FRIENDS OF ARAM SOBA BROOKLYN, NY	GENERAL SUPPORT	$1,800
AMERICAN FRIENDS OF IRGUN YRA NY, NY	GENERAL SUPPORT	$500
AMERICAN FRIENDS OF LMAN ACHAI INC BROOKLYN, NY	GENERAL SUPPORT	$5,200
AMERICAN FRIENDS OF MIGDAL OHR NY, NY	GENERAL SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ISAAC A GINDI	PRESIDENT	0.1	—
MARJORIE GINDI	SECRETARY	0.1	—
RAYMOND GINDI	TREASURER	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Isaac & Marjorie Gindi Foundation Inc fund?

How do I apply for a grant from Isaac & Marjorie Gindi Foundation Inc?

The foundation maintains active grantmaking operations, having made 105 grants in 2024. Recent grants include: • Reach for the Stars Learning Center (RFTS): $50,000 (General Support, 2024) • The Edmond J Safra Synagogue: $42,501 (General Support, 2024) • Ohel Yaacob Congregation (also known as Ocean Avenue Synagogue): $29,100 (General Support, 2024) The foundation distributed a total of $531,745 across its 105 grants in 2024. Grant awards appear to support general operations of recipient organi…

What size grants does Isaac & Marjorie Gindi Foundation Inc award?

In 2024, Isaac & Marjorie Gindi Foundation Inc awarded 168 grants totaling $923K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Isaac & Marjorie Gindi Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Isaac & Marjorie Gindi Foundation Inc reported a distributable amount of $125K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Isaac & Marjorie Gindi Foundation Inc's EIN?

Isaac & Marjorie Gindi Foundation Inc's EIN (Employer Identification Number) is 81-0862696. IRS Form 990 filing data is available on this page for 2020–2024.