K Kovshevych Foundation Inc

MOUNTAINSIDE, NJ EIN: 22-3695851

K Kovshevych Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNTAINSIDE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 1 grants totaling $42K. Net investment income was $110K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+7.0% YoY

Annual Giving

$42K

+121.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$42K

+121.5% YoY

Under IRS private-foundation payout rules, K Kovshevych Foundation Inc reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.

About K Kovshevych Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $216K (100%)

States

New Jersey

Cities

Mountainside

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,171,504	$1,094,939	$1,040,027
Revenue	$119,159	$66,675	$-70,916
Expenses	$42,594	$22,869	$34,601
Qualifying Distributions	$42,082	$19,000	$28,930
Net Investment Income	$109,647	$66,671	$9,839
Distributable Amount	$52,745	$50,865	$49,254

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

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University Students ($42,082).

Recipient	Purpose	Amount
UNIVERSITY STUDENTS MOUNTAINSIDE, NJ	SCHOLARSHIP AWARDS GRANTED TO QUALIFIED STUDENTS AT UKRAINE UNIVERSITY MEETING STRICT ACADEMIC GUIDELINES.	$42,082

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DR CHRISTINE K DURBAK	PRESIDENT	10	—
ROLAND A DESILVA	VICE PRESIDENT	2	—
CLAUDIA STRAUSS	SECRETARY	2	—
ARNAUD LAFLECHE	TREASURER	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is K Kovshevych Foundation Inc?

K Kovshevych Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNTAINSIDE, NJ. It holds $1.2M in total assets as of 2024.

How large is K Kovshevych Foundation Inc?

As of 2024, K Kovshevych Foundation Inc holds $1.2M in total assets with $119K in annual revenue. It awarded 1 grants totaling $42K in 2024.

Where does K Kovshevych Foundation Inc operate?

K Kovshevych Foundation Inc has awarded grants in New Jersey.

What size grants does K Kovshevych Foundation Inc award?

In 2024, K Kovshevych Foundation Inc awarded 1 grants totaling $42K — an average of about $42K per grant, based on its IRS Form 990 filings.

How much is K Kovshevych Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, K Kovshevych Foundation Inc reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.