Joly Family Foundation
Joly Family Foundation is a private foundation, based in Cohoes, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.7M in total assets. In 2024, it awarded 7 grants totaling $345K. Net investment income was $991K.
Joly Family Foundation at a glance
In short: Joly Family Foundation gave $345K across 7 grants in 2024 (avg $49K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $345,000
- +163.4% vs 2023
- Grants made (2024)
- 7
- +75.0% vs 2023
- Average grant
- $49,286
- +50.5% vs 2023
- Median grant
- $50,000
- Total assets
- $11,700,288
- +5.8% vs 2023
- Primary geography
- Minnesota (72% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Joly Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Best Buy Foundation ($250K across 3 grants). Together the top 5 received $345K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 8 grants of 20 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Joly Family Foundation gives
- Giving fell 27% from 2021 to 2024. Method
- In 2024 it paid out 100% 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 2024, annual grant giving ranged from $131K (2023) to $485K (2020). In 2024 it made 7 grants totaling $345K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Best Buy Foundation Minneapolis, MN | Best buy teen tech center presenting partner sponsorship: capri | $100,000 |
| Best Buy Foundation Minneapolis, MN | Best buy teen tech center presenting partner sponsorship: grand street settlement | $100,000 |
| Best Buy Foundation Minneapolis, MN | Best buy teen tech center presenting partner sponsorship: brooklyn public library | $50,000 |
| United Way of the Greater Lehigh Valley Allentown, PA | To Further the Exempt Purpose of the Organization | $50,000 |
| Just Capital New York, NY | To Further the Exempt Purpose of the Organization | $25,000 |
| Friends of HEC New York, NY | To Further the Exempt Purpose of the Organization | $10,000 |
| The Jed Foundation New York, NY | To Further the Exempt Purpose of the Organization | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,700,288 | $1,024,879 | $384,387 | $345,000 | 7 | $550,145 | $990,643 | $551,411 |
| 2023 | $11,061,780 | $-170,658 | $183,110 | $131,000 | 4 | $133,400 | $268,655 | $493,831 |
| 2022 | $11,394,263 | $1,850,636 | $459,526 | $350,000 | 4 | $354,909 | $560,683 | $448,867 |
| 2021 | $9,995,003 | $1,988,404 | $485,290 | $472,500 | 2 | $472,575 | $1,988,026 | $465,289 |
| 2020 | $8,493,524 | $576,136 | $511,367 | $485,318 | 3 | — | $571,142 | $122,980 |
Under IRS private-foundation payout rules, Joly Family Foundation reported a distributable amount of $551K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joly Family Foundation is led by Hubert B. Joly, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hubert B. Joly
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Stanislas Joly
Director
On filings since 2020
1 hr/week
No compensation reported
Agathe Joly
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Joly Family Foundation
How much does Joly Family Foundation give each year?
Joly Family Foundation gave $345K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $131K across 4 grants.
What is Joly Family Foundation's typical grant size?
Joly Family Foundation's median grant in 2024 was $50,000, and its average grant was $49,286, across 7 grants on its 2024 IRS Form 990-PF.
Where does Joly Family Foundation give grants?
Joly Family Foundation gives mostly in Minnesota: 72% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Pennsylvania (14%) and New York (13%). The most frequent recipient cities were Minneapolis, MN (3 grants) and New York, NY (3 grants).
Who are Joly Family Foundation's largest grantees?
Joly Family Foundation's largest 2024 grantees include Best Buy Foundation ($250,000 across 3 grants), United Way of the Greater Lehigh Valley ($50,000) and Just Capital ($25,000), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.
How large is Joly Family Foundation?
Joly Family Foundation reported $11.7M in total assets on its 2024 IRS Form 990-PF. It paid out $550K in qualifying distributions that year, against a required minimum of $551K (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 Joly Family Foundation's EIN?
Joly Family Foundation's EIN (Employer Identification Number) is 83-1047438. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Joly Family Foundation funds
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