Nissie and Ethel Grossman Foundation

ROCKPORT, MA EIN: 04-6073423

Nissie and Ethel Grossman Foundation is a private foundation, based in ROCKPORT, MA. IRS filing data is available from 2021 through 2023. In 2023, it awarded 4 grants totaling $81K. Net investment income was $20K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$81K

+2389.8% YoY

Grant Count

-75.0% YoY

Avg Grant Size

$20K

+9859.3% YoY

Under IRS private-foundation payout rules, Nissie and Ethel Grossman Foundation reported a distributable amount of $3K for 2023 — the minimum it must pay out in qualifying distributions.

About Nissie and Ethel Grossman Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $87K (100%)

Florida $275 (0%)

States

Florida Massachusetts

Cities

AmherstBostonBoynton BeachBrooklineChestnut HillGloucesterMiamiNewtonNewton CentreRoslindaleWatertownWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$65,752	$63,064
Revenue	$20,845	$10,302	$5,866
Expenses	$86,597	$7,614	$7,034
Qualifying Distributions	$82,770	$4,502	—
Net Investment Income	$19,897	$9,333	$4,606
Distributable Amount	$3,362	$4,375	$4,492

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2023

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Combined Jewish Philanthropies ($42,164), Dana Farber Cancer Institute ($33,500), Temple Emanuel of Newton ($3,554).

Recipient	Purpose	Amount
COMBINED JEWISH PHILANTHROPIES BOSTON, MA	CULTURAL	$42,164
DANA FARBER CANCER INSTITUTE BOSTON, MA	RESEARCH	$33,500
NEW ENGLAND HEBREW ACADEMY BROOKLINE, MA	EDUCATIONAL	$2,000
TEMPLE EMANUEL OF NEWTON NEWTON, MA	RELIGIOUS	$3,554

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
THOMAS S GROSSMAN	MANAGER/TRUSTEE	1	—
J ZACHARY GROSSMAN	TRUSTEE	0.25	—
EVE GROSSMAN	TRUSTEE	—	—

Frequently Asked Questions

Where does Nissie and Ethel Grossman Foundation operate?

Nissie and Ethel Grossman Foundation has awarded grants in Florida, Massachusetts.

What size grants does Nissie and Ethel Grossman Foundation award?

In 2023, Nissie and Ethel Grossman Foundation awarded 4 grants totaling $81K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Nissie and Ethel Grossman Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Nissie and Ethel Grossman Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Nissie and Ethel Grossman Foundation's EIN?

Nissie and Ethel Grossman Foundation's EIN (Employer Identification Number) is 04-6073423. IRS Form 990 filing data is available on this page for 2021–2023.