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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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