Nelco Foundation Inc
Nelco Foundation Inc is a private foundation based in New York City, incorporated in 1953 and tax-exempt since May 1957. The foundation operates as a 501(c)(3) organization with a focus on philanthropic grantmaking to support Jewish charitable organizations and other nonprofit institutions.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.6M
+1.3% YoY
Annual Giving
$413K
-14.5% YoY
Grant Count
64
-21.0% YoY
Avg Grant Size
$6K
+8.2% YoY
Under IRS private-foundation payout rules, Nelco Foundation Inc reported a distributable amount of $434K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports Jewish agencies and temples, museums, and organizations involved with education, medical research, and human services. Primary funding areas include:
- Education
- Religion, particularly Judaism
- Human services
- Medical research
- Museums
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$1,800-$2,000
Average Grant
approximately $5,800-$20,000
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across multiple U.S. states and cities, including:
- New York
- California
- Florida
- Texas
- District of Columbia
- Illinois
- Maryland
- New Jersey
- Ohio
- Pennsylvania
- Wisconsin
- Hawaii
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $8,473,142 (as of May 2024)
- $8,580,753 (as of 2025)
Annual Activity:
- Total revenues: $1,446,957 (fiscal year ending May 2024)
- Total expenses: $595,020 (fiscal year ending May 2024)
- Total giving: $411,730-$483,000 (recent years)
- Giving rate: approximately 4.8% of assets
Liabilities:
- $300 (as of May 2024)
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,580,753 | $8,473,142 | $7,529,637 |
| Revenue | $677,282 | $1,446,957 | $567,502 |
| Expenses | $558,492 | $595,020 | $440,678 |
| Qualifying Distributions | $411,730 | $483,222 | $339,000 |
| Net Investment Income | $371,405 | $460,575 | $465,824 |
| Distributable Amount | $434,108 | $394,759 | $363,722 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Beit Issie Shapiro ($55,000), American University Endowment ($43,750), The Jewish Life Center Inc ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF THE HEBREW UNIVERSITY NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $39,050 |
| ALGEMEINER INC NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $1,500 |
| AMERICAN COMMITTEE FOR THE WEIZMAN INSTITUTE NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $1,800 |
| AMERICAN FOUNDATION FOR SUICIDE PREVENTION NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $1,000 |
| AMERICAN FREINDS OF MAGEN DAVID ADOM NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $1,800 |
| AMERICAN UNIVERSITY ENDOWMENT NW WASHINGTON, DC | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $43,750 |
| ASSOCIATION OF RAPE CRISIS IN ISRAEL NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $1,000 |
| BEIT ISSIE SHAPIRO NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $55,000 |
| BELEV ECHAD NEW YORK, NY | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $1,800 |
| BRCASTROG COCONUT CREEK, FL | TO FUND JEWISH CHARITABLE ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS | $2,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Barbara Blumenthal - President & Trustee
- David Blumenthal - Vice President
Both serve on a voluntary basis without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID BLUMENTHAL | VICE PRESIDENT | 5 | — |
| BARBARA BLUMENTHAL | PRESIDENT & TRUSTEE | 5 | — |
Contact Information
- Address: 164 W 25th Street, New York City, NY 10001
- Phone: 212-924-7604
Frequently Asked Questions
What does Nelco Foundation Inc fund?
The foundation supports Jewish agencies and temples, museums, and organizations involved with education, medical research, and human services. Primary funding areas include: • Education • Religion, particularly Judaism • Human services • Medical research • Museums
How do I apply for a grant from Nelco Foundation Inc?
**Grant Activity:** • Made 58-72 grants annually in recent years • Median grant size: $1,800-$2,000 • Grant range: $1,000-$75,000 • Average grant size: approximately $5,800-$20,000 **Recent Grant Examples (2024):** • American Israel Education Foundation: $75,000 • Jewish Life Center: $55,000 • American Friends of Beit Issie Shapiro: $45,000 **Application Policy:** The foundation does not accept unsolicited applications and operates on an invite-only basis.
Where does Nelco Foundation Inc make grants?
The foundation funds organizations across multiple U.S. states and cities, including: • New York • California • Florida • Texas • District of Columbia • Illinois • Maryland • New Jersey • Ohio • Pennsylvania • Wisconsin • Hawaii
What size grants does Nelco Foundation Inc award?
In 2025, Nelco Foundation Inc awarded 64 grants totaling $413K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Nelco Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Nelco Foundation Inc reported a distributable amount of $434K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nelco Foundation Inc's EIN?
Nelco Foundation Inc's EIN (Employer Identification Number) is 13-6089850. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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