Megilah Foundation Inc

OCEAN, NJ EIN: 93-4053139

Megilah Foundation Inc is a private foundation focused on Human Services, based in OCEAN, NJ. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $454K in total assets. In 2024, it awarded 8 grants totaling $29K. Net investment income was $10K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$454K

+6.2% YoY

Annual Giving

$29K

+62.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

+62.5% YoY

Under IRS private-foundation payout rules, Megilah Foundation Inc reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

About Megilah Foundation Inc

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $26K (68%)

Texas $12K (30%)

New York $769 (2%)

States

New Jersey New York Texas

Cities

BrooklynCollege StationEatontownJacksonOceanOcean Township

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$454,345	$427,852
Revenue	$102,519	$500,155
Expenses	$73,921	$84,828
Qualifying Distributions	$69,017	$84,815
Net Investment Income	$10,464	—
Distributable Amount	$19,883	$1,793

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Shaare Tefilah Bene Moshe ($13,324), Rohr Chabad Jewish Center at Tx A&m ($6,502), Darchay Elazar & Zion ($6,283).

Recipient	Purpose	Amount
ATZMUTORG	SUPPORT ISRAEL ORGANIZATIONS	$1,172
DARCHAY ELAZAR & ZION	SUPPORT ISRAEL ORGANIZATIONS	$6,283
DONATION TO IDF SOLDIER	EQUIPMENT TO SUPPORT IDF SOLDIER	$1,368
KEREN HATZEDAKA INC JACKSON, NJ	SUPPORT ORTHODOX JEWISH COMMUNITY ORGANIZATIONS	$10
ROHR CHABAD JEWISH CENTER AT TX A&M COLLEGE STATION, TX	SUPPORT ORTHODOX JEWISH COMMUNITY ORGANIZATIONS	$6,502
SHAARE TEFILAH BENE MOSHE EATONTOWN, NJ	SUPPORT SEPHARDIC JEWISH COMMUNITY ENGAGEMENT	$13,324
THE CHESED FUND BROOKLYN, NY	SUPPORT ORTHODOX JEWISH COMMUNITY ORGANIZATIONS	$614
TOIREM BROOKLYN, NY	SUPPORT ORTHODOX JEWISH COMMUNITY ORGANIZATIONS	$54

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GAYLE HESKIEL	PRESIDENT	1	—
ISRAEL HESKIEL	TREASURER	1	—
AMANDA BEN DAYAN	SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Megilah Foundation Inc?

Megilah Foundation Inc is a private foundation focused on Human Services, based in OCEAN, NJ. It holds $454K in total assets as of 2024.

How large is Megilah Foundation Inc?

As of 2024, Megilah Foundation Inc holds $454K in total assets with $103K in annual revenue. It awarded 8 grants totaling $29K in 2024.

Where does Megilah Foundation Inc operate?

Megilah Foundation Inc has awarded grants in New Jersey, New York, Texas.

What size grants does Megilah Foundation Inc award?

In 2024, Megilah Foundation Inc awarded 8 grants totaling $29K — an average of about $4K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Megilah Foundation Inc reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.