Jafis Foundation is a private foundation focused on Employment, based in TEANECK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $41K in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $123.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$41K
+406.7% YoY
Annual Giving
$10K
+150.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10K
+150.0% YoY
Under IRS private-foundation payout rules, Jafis Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About Jafis Foundation
Based on IRS filings
Jafis Foundation is a private foundation focused on Employment, based in TEANECK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $41K in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $123.
Focus Areas
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $40,711 | $8,034 | $12,031 |
| Revenue | $42,677 | $3 | $2 |
| Expenses | $10,000 | $4,000 | $7,000 |
| Qualifying Distributions | $10,000 | $4,000 | $7,000 |
| Net Investment Income | $123 | $3 | $2 |
| Distributable Amount | $1,200 | $494 | $765 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Torah Academy of Bergen County ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TORAH ACADEMY OF BERGEN COUNTY TEANECK, NJ | EDUCATIONAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACK FORGASH | PRESIDENT | — | — |
| ELLIOT FORGASH | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jafis Foundation?
Jafis Foundation is a private foundation focused on Employment, based in TEANECK, NJ. It holds $41K in total assets as of 2024.
How large is Jafis Foundation?
As of 2024, Jafis Foundation holds $41K in total assets with $43K in annual revenue. It awarded 1 grants totaling $10K in 2024.
Where does Jafis Foundation operate?
Jafis Foundation has awarded grants in New Jersey, New York.
What size grants does Jafis Foundation award?
In 2024, Jafis Foundation awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Jafis Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jafis Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jafis Foundation's EIN?
Jafis Foundation's EIN (Employer Identification Number) is 13-7113206. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Jafis Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.