Nessim Family Foundation

Foundation · Grantmaker SAG HARBOR, NY EIN: 85-4344480

Nessim Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAG HARBOR, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 23 grants totaling $89K. Net investment income was $103K.

Key facts about Nessim Family Foundation

EIN: 85-4344480
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $88,872
Grants made (2024): 23
Average grant: $3,864
Median grant: $1,800
Total assets: $1,940,184
Primary geography: New York (72% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Nessim Family Foundation funds

By grant dollars, the top recipient states for Nessim Family Foundation's 23 itemized 2024 grants were New York (72%). The most frequent recipient cities were New York, NY (7 grants) and Brooklyn, NY (2 grants). None of its 23 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Contribution" (23 grants).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

-5.6% YoY

Annual Giving

$89K

+5.6% YoY

Grant Count

-11.5% YoY

Avg Grant Size

$4K

+19.4% YoY

Under IRS private-foundation payout rules, Nessim Family Foundation reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.

About Nessim Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $203K (93%)

Florida $6K (3%)

Wisconsin $5K (2%)

Indiana $2K (1%)

Massachusetts $2K (1%)

California $697 (0%)

Georgia $514 (0%)

Pennsylvania $500 (0%)

+1 more states

States

California District of Columbia Florida Georgia Indiana Massachusetts New York Pennsylvania Wisconsin

Cities

New YorkBrooklynSag HarborCoral GablesMadisonRye BrookGreat NeckIndianapolisJerichoAtlantaBloomingtonLong Island CityLos AngelesMcdonoughMiami BeachMilwaukeeMoon TownshipScarsdaleSherman OaksSomerville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,940,184	$2,054,349	$2,127,166
Revenue	$178,257	$57,259	$775,051
Expenses	$139,215	$126,861	$53,746
Qualifying Distributions	$88,872	$84,163	$43,848
Net Investment Income	$103,164	—	$15,153
Distributable Amount	$96,681	—	—

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 2024

Grant Size Distribution

77 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Belev Echad ($26,680), Forging Our Future ($15,000), Womens International Zionist Organization ($8,920).

Recipient	Purpose	Amount
BELEV ECHAD NEW YORK, NY	CHARITABLE CONTRIBUTION	$26,680
FORGING OUR FUTURE	CHARITABLE CONTRIBUTION	$15,000
WOMENS INTERNATIONAL ZIONIST ORGANIZATION NEW YORK, NY	CHARITABLE CONTRIBUTION	$8,920
CENTER FOR JEWISH LIFE SAG HARBOR, NY	CHARITABLE CONTRIBUTION	$8,020
BEIT RUTH NEW YORK, NY	CHARITABLE CONTRIBUTION	$7,316
ELEM NEW YORK, NY	CHARITABLE CONTRIBUTION	$3,600
CHABAD AT THE UNIVERSITY OF WISCONSIN MADISON, WI	CHARITABLE CONTRIBUTION	$2,410
LEUKEMIA & LYMPHOMA SOCIETY RYE BROOK, NY	CHARITABLE CONTRIBUTION	$1,872
AMERICAN PARKINSON DISEASE ASSOCIATION STATEN ISLAND, NY	CHARITABLE CONTRIBUTION	$1,854
AMERICAN FRIENDS OF START-UP NATION CENTRAL NEW YORK, NY	CHARITABLE CONTRIBUTION	$1,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL NESSIM	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Nessim Family Foundation?

Nessim Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAG HARBOR, NY. It holds $1.9M in total assets as of 2024.

How large is Nessim Family Foundation?

As of 2024, Nessim Family Foundation holds $1.9M in total assets with $178K in annual revenue. It awarded 23 grants totaling $89K in 2024.

Where does Nessim Family Foundation operate?

Nessim Family Foundation has awarded grants in California, District of Columbia, Florida, Georgia, Indiana, Massachusetts, New York, Pennsylvania, Wisconsin.

What size grants does Nessim Family Foundation award?

In 2024, Nessim Family Foundation awarded 23 grants totaling $89K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Nessim Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nessim Family Foundation reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.