Joy Family Foundation
Joy Family Foundation is a private foundation focused on Children and youth, based in BUFFALO, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 7 grants totaling $106K. Net investment income was $54K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-4.6% YoY
Annual Giving
$106K
-23.4% YoY
Grant Count
7
-30.0% YoY
Avg Grant Size
$15K
+9.4% YoY
Under IRS private-foundation payout rules, Joy Family Foundation reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
About Joy Family Foundation
Based on IRS filings
Joy Family Foundation is a private foundation focused on Children and youth, based in BUFFALO, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 7 grants totaling $106K. Net investment income was $54K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,297,399 | $1,359,644 | $1,508,515 |
| Revenue | $107,974 | $55,074 | $2,327 |
| Expenses | $170,219 | $203,945 | $103,075 |
| Qualifying Distributions | $126,808 | $162,707 | $84,239 |
| Net Investment Income | $54,088 | $4,116 | $8,123 |
| Distributable Amount | $69,789 | $70,423 | $75,862 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hospice & Palliative Care Buffalo ($33,641), Burchfield-Penney Art Center ($26,560), WNED Buffalo ($16,667).
| Recipient | Purpose | Amount |
|---|---|---|
| Burchfield-Penney Art Center Buffalo, NY | General Fund Contribution | $26,560 |
| Hospice & Palliative Care Buffalo Buffalo, NY | General Fund Contribution | $33,641 |
| Ocean Reef Community Foundation Key Largo, FL | General Fund Contribution | $15,000 |
| WNED Buffalo Buffalo, NY | General Fund Contribution | $16,667 |
| Ocean Reef Art League Palette Society Key Largo, FL | General Fund Contribution | $5,000 |
| WNY Womans Fund Buffalo, NY | General Fund Contribution | $3,733 |
| The Kind Clinic Austin Austin, TX | General Fund Contribution | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paula Joy Reinhold | Trustee | 5 | $25,000 |
| Matthew W Krause | Chief Financial Officer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Joy Family Foundation?
Joy Family Foundation is a private foundation focused on Children and youth, based in BUFFALO, NY. It holds $1.3M in total assets as of 2024.
How large is Joy Family Foundation?
As of 2024, Joy Family Foundation holds $1.3M in total assets with $108K in annual revenue. It awarded 7 grants totaling $106K in 2024.
Where does Joy Family Foundation operate?
Joy Family Foundation has awarded grants in District of Columbia, Florida, Kansas, New York, Texas.
What size grants does Joy Family Foundation award?
In 2024, Joy Family Foundation awarded 7 grants totaling $106K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Joy Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joy Family Foundation reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Joy Family Foundation's EIN?
Joy Family Foundation's EIN (Employer Identification Number) is 16-6335211. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Joy Family 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.
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