J Korber Foundation Inc
J Korber Foundation Inc is a private foundation, based in ALBUQUERQUE, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 6 grants totaling $85K. Net investment income was $107K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.6M
-0.5% YoY
Annual Giving
$85K
-22.7% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$14K
-22.7% YoY
Under IRS private-foundation payout rules, J Korber Foundation Inc reported a distributable amount of $114K for 2025 — the minimum it must pay out in qualifying distributions.
About J Korber Foundation Inc
Based on IRS filings
J Korber Foundation Inc is a private foundation, based in ALBUQUERQUE, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 6 grants totaling $85K. Net investment income was $107K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,596,785 | $1,605,517 | $1,623,507 |
| Revenue | $107,295 | $116,511 | $115,045 |
| Expenses | $106,367 | $133,822 | $129,328 |
| Qualifying Distributions | $85,000 | $110,000 | $110,000 |
| Net Investment Income | $107,295 | $116,511 | $115,045 |
| Distributable Amount | $114,405 | $104,105 | $101,508 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Hopeworks ($25,000), Women's Community Association ($20,000), Sandia Preparatory School ($17,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CASA ANGELICA ALBUQUERQUE, NM | ASSISTING DEVELOPMENTALLY DISABLED YOUTH. | $8,000 |
| CUIDANDO LOS NINOS ALBUQUERQUE, NM | CHILDCARE & SUPPORT SERVICES FOR HOMELESS FAMILIES | $10,000 |
| HOPEWORKS ALBUQUERQUE, NM | ASSISTING THE HOMELESS | $25,000 |
| MANZANO DAY SCHOOL ALBUQUERQUE, NM | EDUCATION | $5,000 |
| SANDIA PREPARATORY SCHOOL ALBUQUERQUE, NM | EDUCATION | $17,000 |
| WOMEN'S COMMUNITY ASSOCIATION ALBUQUERQUE, NM | FAMILY SHELTER/COUNSELING | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JULIA A ELSTNER | VICE-PRES | 1 | — |
| JESSICA MONTOYA | PRESIDENT | 1 | — |
| JACOB MONTOYA | DIRECTOR | — | — |
Frequently Asked Questions
How large is J Korber Foundation Inc?
As of 2025, J Korber Foundation Inc holds $1.6M in total assets with $107K in annual revenue. It awarded 6 grants totaling $85K in 2025.
Where does J Korber Foundation Inc operate?
J Korber Foundation Inc has awarded grants in New Mexico.
What size grants does J Korber Foundation Inc award?
In 2025, J Korber Foundation Inc awarded 6 grants totaling $85K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is J Korber Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, J Korber Foundation Inc reported a distributable amount of $114K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2025.
Explore Open Grants
Browse active grant opportunities in J Korber Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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