Michael I Jacobs Md Charitable Foun
Michael I Jacobs Md Charitable Foun is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RYE BROOK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22K in total assets. In 2024, it awarded 1 grants totaling $929. Net investment income was $104.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22K
-29.3% YoY
Annual Giving
$929
+4.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$929
+4.3% YoY
Under IRS private-foundation payout rules, Michael I Jacobs Md Charitable Foun reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael I Jacobs Md Charitable Foun
Based on IRS filings
Michael I Jacobs Md Charitable Foun is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RYE BROOK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22K in total assets. In 2024, it awarded 1 grants totaling $929. Net investment income was $104.
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 | $22,305 | $31,561 | $16,853 |
| Revenue | $4,991 | $4,299 | $1,205 |
| Expenses | $931 | $895 | $1,417 |
| Qualifying Distributions | $929 | $891 | $1,073 |
| Net Investment Income | $104 | — | $148 |
| Distributable Amount | $1,713 | $929 | $891 |
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 Weill Cornell Medical College ($929).
| Recipient | Purpose | Amount |
|---|---|---|
| WEILL CORNELL MEDICAL COLLEGE NEW YORK, NY | TO PROVIDE CARING, HIGH QUALITY, FISCALLY RESPONSIBLE HEALTHCARE SERVICES THAT MEET THE NEEDS AND EXPECTATIONS OF THE COMMUNITIES WE SERVE. | $929 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL I JACOBS | PRESIDENT & DIRECTOR | 1 | — |
| IRA GROSSBACH | SECRETARY & DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael I Jacobs Md Charitable Foun?
Michael I Jacobs Md Charitable Foun is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RYE BROOK, NY. It holds $22K in total assets as of 2024.
How large is Michael I Jacobs Md Charitable Foun?
As of 2024, Michael I Jacobs Md Charitable Foun holds $22K in total assets with $5K in annual revenue. It awarded 1 grants totaling $929 in 2024.
Where does Michael I Jacobs Md Charitable Foun operate?
Michael I Jacobs Md Charitable Foun has awarded grants in New York.
What size grants does Michael I Jacobs Md Charitable Foun award?
In 2024, Michael I Jacobs Md Charitable Foun awarded 1 grants totaling $929 — an average of about $929 per grant, based on its IRS Form 990 filings.
How much is Michael I Jacobs Md Charitable Foun required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael I Jacobs Md Charitable Foun reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael I Jacobs Md Charitable Foun's EIN?
Michael I Jacobs Md Charitable Foun's EIN (Employer Identification Number) is 13-4178135. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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