J Korber Foundation Inc
J Korber Foundation Inc is a private foundation, based in Albuquerque, NM. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $1.6M in total assets. In 2026, it awarded 8 grants totaling $105K. Net investment income was $130K.
J Korber Foundation Inc at a glance
In short: J Korber Foundation Inc gave $105K across 8 grants in 2026 (avg $13K), mostly in New Mexico. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $105,000
- +23.5% vs 2025
- Grants made (2026)
- 8
- +33.3% vs 2025
- Average grant
- $13,125
- -7.4% vs 2025
- Median grant
- $10,000
- Total assets
- $1,584,687
- -0.8% vs 2025
- Primary geography
- New Mexico (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who J Korber Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2026
The largest 2026 recipient was Hopeworks ($25K). Together the top 8 received $105K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 29 grants of 32 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 8 itemized grants.
States
Cities
How J Korber Foundation Inc gives
- Giving held roughly steady from 2023 to 2026 (−5%). Method
- In 2026 it paid out 90% 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 2026, annual grant giving ranged from $85K (2025) to $160K (2022). In 2026 it made 8 grants totaling $105K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hopeworks Albuquerque, NM | Assisting the Homeless | $25,000 |
| Safe House Albuquerque, NM | Domestic Violence Services | $20,000 |
| Sandia Prep Albuquerque, NM | Education | $17,000 |
| Cuidando Los Ninos Albuquerque, NM | Childcare & Support for Homeless Fam | $10,000 |
| Special Olympics NM Albuquerque, NM | Athletic Opps for Persons with Disab | $10,000 |
| Horizons Albuquerque Albuquerque, NM | Academic Enrichment | $10,000 |
| CASA Angelica Albuquerque, NM | Assisting Dev. Disabled Youth | $8,000 |
| Manzano Day School Albuquerque, NM | Education | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,584,687 | $129,685 | $126,432 | $105,000 | 8 | $105,000 | $129,685 | $116,498 |
| 2025 | $1,596,785 | $107,295 | $106,367 | $85,000 | 6 | $85,000 | $107,295 | $114,405 |
| 2024 | $1,605,517 | $116,511 | $133,822 | $110,000 | 6 | $110,000 | $116,511 | $104,105 |
| 2023 | $1,623,507 | $115,045 | $129,328 | $110,000 | 6 | $110,000 | $115,045 | $101,508 |
| 2022 | $1,642,816 | $180,316 | $182,179 | $160,000 | 6 | $160,000 | $180,316 | $121,783 |
| 2021 | $1,602,679 | $131,154 | $129,193 | $110,000 | 6 | — | $113,969 | $109,058 |
| 2020 | $1,609,718 | $68,530 | $132,826 | $110,000 | 6 | — | $51,146 | $104,791 |
Under IRS private-foundation payout rules, J Korber Foundation Inc reported a distributable amount of $116K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
J Korber Foundation Inc is led by Jessica Montoya, President on every filing since 2020; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
Jessica Montoya
President
On filings since 2020
1 hr/week
No compensation reported
Jacob Montoya
Director
On filings since 2020
No compensation reported
Julia A. Elstner
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2026. "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 J Korber Foundation Inc
How much does J Korber Foundation Inc give each year?
J Korber Foundation Inc gave $105K across 8 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $85K across 6 grants.
What is J Korber Foundation Inc's typical grant size?
J Korber Foundation Inc's median grant in 2026 was $10,000, and its average grant was $13,125, across 8 grants on its 2026 IRS Form 990-PF.
Where does J Korber Foundation Inc give grants?
J Korber Foundation Inc gives mostly in New Mexico: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Albuquerque, NM (8 grants).
Does J Korber Foundation Inc give general operating support?
Not in 2026: none of the 8 grants with a stated purpose on J Korber Foundation Inc's 2026 IRS Form 990-PF were described as general or operating support.
Who are J Korber Foundation Inc's largest grantees?
J Korber Foundation Inc's largest 2026 grantees include Hopeworks ($25,000), Safe House ($20,000) and Sandia Prep ($17,000), according to its 2026 IRS Form 990-PF. Together they received 59% of its itemized 2026 grant dollars.
How large is J Korber Foundation Inc?
J Korber Foundation Inc reported $1.6M in total assets on its 2026 IRS Form 990-PF. It paid out $105K in qualifying distributions that year, against a required minimum of $116K (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.
What is J Korber Foundation Inc's EIN?
J Korber Foundation Inc's EIN (Employer Identification Number) is 85-0275755. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2020–2025
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