Nazem Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $672K in total assets. In 2024, it awarded 5 grants totaling $33K. Net investment income was $35K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$672K
+20.6% YoY
Annual Giving
$33K
+24.0% YoY
Grant Count
5
-66.7% YoY
Avg Grant Size
$7K
+272.1% YoY
Under IRS private-foundation payout rules, Nazem Family Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Nazem Family Foundation
Based on IRS filings
Nazem Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $672K in total assets. In 2024, it awarded 5 grants totaling $33K. Net investment income was $35K.
Focus Areas
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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 | $672,090 | $557,394 | $761,945 |
| Revenue | $34,762 | $112,889 | $24,438 |
| Expenses | $39,388 | $29,865 | $25,178 |
| Qualifying Distributions | $32,900 | $26,525 | $22,000 |
| Net Investment Income | $34,762 | $112,889 | $24,438 |
| Distributable Amount | $2,040 | $1,138 | $34,094 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Metropolitan Museum of Art ($30,000), ICE Theatre of New York ($1,400), Doctors without Borders ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ICE Theatre of New York New York, NY | Promote the arts | $1,400 |
| Metropolitan Museum of Art New York, NY | Promote the arts | $30,000 |
| Bridgewater Fire Department Bridgewater, CT | Volunteer fire company | $200 |
| Doctors without Borders New York, NY | Medical care worldwide | $1,000 |
| Bridgewater Land Trust Bridgewater, CT | Preserve the land | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Fred Nazem | President and Director | 1 | — |
| Susie Gharib Nazem | Treasurer and Director | 2 | — |
| Taraneh Nazem | Director | 0.25 | — |
| Alexander Nazem | Director | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nazem Family Foundation?
Nazem Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $672K in total assets as of 2024.
How large is Nazem Family Foundation?
As of 2024, Nazem Family Foundation holds $672K in total assets with $35K in annual revenue. It awarded 5 grants totaling $33K in 2024.
Where does Nazem Family Foundation operate?
Nazem Family Foundation has awarded grants in California, Connecticut, Florida, Massachusetts, Minnesota, New York, Ohio.
What size grants does Nazem Family Foundation award?
In 2024, Nazem Family Foundation awarded 5 grants totaling $33K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Nazem Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nazem Family Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nazem Family Foundation's EIN?
Nazem Family Foundation's EIN (Employer Identification Number) is 11-3241976. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Nazem 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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