Nissim Scharf Foundation Inc

WEST ORANGE, NJ EIN: 84-3983329

Nissim Scharf Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST ORANGE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39K in total assets. In 2024, it awarded 7 grants totaling $26K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$39K

+22.3% YoY

Annual Giving

$26K

+7.6% YoY

Grant Count

+16.7% YoY

Avg Grant Size

$4K

-7.8% YoY

Under IRS private-foundation payout rules, Nissim Scharf Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Nissim Scharf Foundation Inc

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 Jersey $68K (79%)

Massachusetts $6K (7%)

Texas $5K (6%)

Delaware $5K (5%)

New York $2K (3%)

States

Delaware Massachusetts New Jersey New York Texas

Cities

BostonEast HanoverHillsideLivingstonMorristownNew YorkNorthpointNorthportOrangeScotch PlainsSouth OrangeTylerWilmington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$38,911	$31,814	$29,974
Revenue	$37,377	$26,112	$25,375
Expenses	$31,927	$24,272	$23,552
Qualifying Distributions	$25,535	$23,735	$19,600
Net Investment Income	—	$575	$3,711
Distributable Amount	$2,077	$1,935	$1,263

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Temple Sharey Tefilo Israel ($13,935), Pillar Care Continuum ($5,000), James Deutsch Fdn ($2,500).

Recipient	Purpose	Amount
JAMES DEUTSCH FDN Wilmington, DE	SUSTAINING CONTRIBUTION	$2,500
TEMPLE BNAI ABRAHAM Livingston, NJ	SUSTAINING CONTRIBUTION	$1,800
INTERFAITH FOOD PANTRY Orange, NJ	SUSTAINING CONTRIBUTION	$1,500
TEMPLE SHAREY TEFILO ISRAEL South Orange, NJ	SUSTAINING CONTRIBUTION	$13,935
PLAY FOR PINK New York, NY	SUSTAINING CONTRIBUTION	$300
COMMUNITY FOOD BANK Hillside, NJ	SUSTAINING CONTRIBUTION	$500
PILLAR CARE CONTINUUM East Hanover, NJ	SUSTAINING CONTRIBUTION	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JULES NISSIM	DIRECTOR	2	—
SUSAN NISSIM	TRUSTEE	1	—
LAINIE NISSIM	TRUSTEE	1	—
EMILY NISSIM	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Nissim Scharf Foundation Inc?

Nissim Scharf Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST ORANGE, NJ. It holds $39K in total assets as of 2024.

How large is Nissim Scharf Foundation Inc?

As of 2024, Nissim Scharf Foundation Inc holds $39K in total assets with $37K in annual revenue. It awarded 7 grants totaling $26K in 2024.

Where does Nissim Scharf Foundation Inc operate?

Nissim Scharf Foundation Inc has awarded grants in Delaware, Massachusetts, New Jersey, New York, Texas.

What size grants does Nissim Scharf Foundation Inc award?

In 2024, Nissim Scharf Foundation Inc awarded 7 grants totaling $26K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Nissim Scharf Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nissim Scharf Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.