Jacob & Rose Olum Foundation
Jacob & Rose Olum Foundation is a private foundation, based in Vestal, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $224K in total assets. In 2024, it awarded 27 grants totaling $37K. Net investment income was $17K.
Key facts about Jacob & Rose Olum Foundation
- EIN
- 23-7034984
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $36,567
- Grants made (2024)
- 27
- Average grant
- $1,354
- Median grant
- $750
- New grantees (estimate)
- 0% first-time grantees (0 of 27, 2024)
- Total assets
- $224,183
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Jacob & Rose Olum Foundation funds
By grant dollars, the top recipient states for Jacob & Rose Olum Foundation's 27 itemized 2024 grants were New York (100%). The most frequent recipient cities were Binghamton, NY (18 grants) and Vestal, NY (8 grants). 100% of grants with a stated purpose were for general or operating support.
Is Jacob & Rose Olum Foundation open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 27 grantees (0%) were first-time recipients. How we count
- 100% of 2024 grantees were also funded in 2023. Method
- Giving grew 78% from 2021 to 2024. Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Jacob & Rose Olum Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$224K
-10.3% YoY
Annual Giving
$37K
+6.0% YoY
Grant Count
27
+0.0% YoY
Avg Grant Size
$1K
+6.0% YoY
Under IRS private-foundation payout rules, Jacob & Rose Olum Foundation reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.
About Jacob & Rose Olum Foundation
Based on IRS filings
Jacob & Rose Olum Foundation is a private foundation, based in Vestal, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $224K in total assets. In 2024, it awarded 27 grants totaling $37K. Net investment income was $17K.
Ready to take the next step with Jacob & Rose Olum Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 27 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $224,183 | $249,815 | $231,678 |
| Revenue | $25,729 | $62,354 | $23,599 |
| Expenses | $51,361 | $44,217 | $41,111 |
| Qualifying Distributions | $41,646 | $37,656 | $34,372 |
| Net Investment Income | $17,152 | $53,198 | $17,031 |
| Distributable Amount | $45,505 | $38,911 | $37,784 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
137 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Jewish Community Center ($5,000), Jewish Federation of Broome County ($5,000), Temple Concord ($3,250).
| Recipient | Purpose | Amount |
|---|---|---|
| JEWISH COMMUNITY CENTER Vestal, NY | GENERAL | $5,000 |
| JEWISH FEDERATION OF BROOME COUNTY Vestal, NY | GENERAL | $5,000 |
| TEMPLE CONCORD Binghamton, NY | GENERAL | $3,250 |
| TEMPLE ISRAEL Vestal, NY | GENERAL | $3,250 |
| THE ROHR CHABAD CENTER FOR JEWISH STUDENT LIFE AT BING UNIV Vestal, NY | GENERAL | $3,000 |
| BETH DAVID SYNAGOGUE Binghamton, NY | GENERAL | $2,500 |
| FRIENDS OF KILMER MANSION Binghamton, NY | GENERAL | $2,000 |
| UNITED WAY OF BROOME COUNTY Binghamton, NY | GENERAL | $2,000 |
| JEWISH COMMUNITY CENTER - COLLEGE OF JEWISH STUDIES Vestal, NY | GENERAL | $1,250 |
| CHOW Binghamton, NY | GENERAL | $1,067 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Deborah Barer | Trustee | 1 | — |
| Jeffrey Loew | Trustee | 1 | — |
Frequently Asked Questions
How large is Jacob & Rose Olum Foundation?
As of 2024, Jacob & Rose Olum Foundation holds $224K in total assets with $26K in annual revenue. It awarded 27 grants totaling $37K in 2024.
Where does Jacob & Rose Olum Foundation operate?
Jacob & Rose Olum Foundation has awarded grants in New York.
What size grants does Jacob & Rose Olum Foundation award?
In 2024, Jacob & Rose Olum Foundation awarded 27 grants totaling $37K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Jacob & Rose Olum Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jacob & Rose Olum Foundation reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jacob & Rose Olum Foundation's EIN?
Jacob & Rose Olum Foundation's EIN (Employer Identification Number) is 23-7034984. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.