J Korber Foundation Inc

Private foundation · Grantmaker Albuquerque, NM EIN: 85-0275755

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.

Key facts about J Korber Foundation Inc

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.

EIN
85-0275755
Latest 990 filing
Form 990-PF, 2026
Annual giving (2026)
$105,000
Grants made (2026)
8
Average grant
$13,125
Median grant
$10,000
Total assets
$1,584,687
Primary geography
New Mexico (100% of itemized 2026 grant dollars)

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

Financial Overview

From 2026 IRS Form 990-PF · View filing

Total Assets

$1.6M

-0.8% YoY

Annual Giving

$105K

+23.5% YoY

Grant Count

8

+33.3% YoY

Avg Grant Size

$13K

-7.4% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2026 grant dollars across all 8 itemized grants.

States

Cities

Albuquerque

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K6 grants2020 6 grants2021 6 grants2022 6 grants2023 6 grants2024 6 grants2025 8 grants2026

From 2020 to 2026, annual grant giving ranged from $85K (2025) to $160K (2022). In 2026 it made 8 grants totaling $105K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2026

Hopeworks: $25KHopeworks$25KSafe House: $20KSafe House$20KSandia Prep: $17KSandia Prep$17KCuidando Los Ninos: $10KCuidando Los Ninos$10KSpecial Olympics NM: $10KSpecial Olympics NM$10KHorizons Albuquerque: $10KHorizons Albuquerque$10KCASA Angelica: $8KCASA Angelica$8KManzano Day School: $5KManzano Day School$5K

The largest 2026 recipient was Hopeworks ($25K). Together the top 8 received $105K.

Grant Size Distribution

32 grants across all recorded years

29<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 29 grants of 32 (91%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Hopeworks Albuquerque, NMAssisting the Homeless$25,000
Safe House Albuquerque, NMDomestic Violence Services$20,000
Sandia Prep Albuquerque, NMEducation$17,000
Cuidando Los Ninos Albuquerque, NMChildcare & Support for Homeless Fam$10,000
Special Olympics NM Albuquerque, NMAthletic Opps for Persons with Disab$10,000
Horizons Albuquerque Albuquerque, NMAcademic Enrichment$10,000
CASA Angelica Albuquerque, NMAssisting Dev. Disabled Youth$8,000
Manzano Day School Albuquerque, NMEducation$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024 2025 2026
Metric202620252024
Total Assets$1,584,687$1,596,785$1,605,517
Revenue$129,685$107,295$116,511
Expenses$126,432$106,367$133,822
Qualifying Distributions$105,000$85,000$110,000
Net Investment Income$129,685$107,295$116,511
Distributable Amount$116,498$114,405$104,105

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2026 (received by the IRS August 17, 2026)
  2. IRS filings on file for fiscal years 2020–2025

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.

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