Omega Foundation Inc

Private foundation · Grantmaker New York, NY EIN: 45-0571261

Omega Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $636K in total assets. In 2024, it awarded 6 grants totaling $57K. Net investment income was $63K.

Key facts about Omega Foundation Inc

In short: Omega Foundation Inc gave $57K across 6 grants in 2024 (avg $10K), top state California. Source: 2024 IRS Form 990-PF.

EIN
45-0571261
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$57,000
Grants made (2024)
6
Average grant
$9,500
Median grant
$5,000
Total assets
$636,421
Primary geography
California (44% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$636K

+0.4% YoY

Annual Giving

$57K

+62.9% YoY

Grant Count

6

+100.0% YoY

Avg Grant Size

$10K

-18.6% YoY

Under IRS private-foundation payout rules, Omega Foundation Inc reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.

How Omega Foundation Inc gives

  • Giving fell 48% from 2021 to 2024. Method
  • In 2024 it paid out 139% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 6 itemized grants.

Cities

San FranciscoWashingtonNew YorkBethesdaNorth BethesdaRochester

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2020 7 grants2021 1 grant2022 3 grants2023 6 grants2024

From 2020 to 2024, annual grant giving ranged from $2K (2020) to $110K (2021). In 2024 it made 6 grants totaling $57K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

The Piatigorsky Foundation: $20KThe Piatigorsky Foundation$20KThe Sterne School: $20KThe Sterne School$20KPlanned Parenthood: $5KPlanned Parenthood$5KThe Jewish Federation of Greater: $5KThe Jewish Federation ofGreater$5KThe Scandinavian SCHOOL&CULTURAL Center: $5KThe ScandinavianSCHOOL&CULTURAL Center$5KAmerican Civil Liberties Union: $2KAmerican Civil Liberties Union$2K

The largest 2024 recipient was The Piatigorsky Foundation ($20K). Together the top 6 received $57K.

Grant Size Distribution

18 grants across all recorded years

18<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 18 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Piatigorsky Foundation New York, NYCharitable$20,000
The Sterne School San Francisco, CACharitable$20,000
Planned Parenthood Washington, DCCharitable$5,000
The Jewish Federation of Greater North Bethesda, MDCharitable$5,000
The Scandinavian SCHOOL&CULTURAL Center San Francisco, CACharitable$5,000
American Civil Liberties Union New York, NYCharitable$2,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$636,421$633,890$659,086
Revenue$69,807$20,274$28,457
Expenses$67,276$45,470$19,126
Qualifying Distributions$60,245$38,557$9,383
Net Investment Income$62,776$13,361$20,214
Distributable Amount$43,406$40,994$41,217

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Omega Foundation Inc is led by Lona Piatigorsky, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Lona Piatigorsky

    President & Treasurer

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Joram Piatigorsky

    Chairman & Assistant Secretary

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Auran P. Piatigorsky

    Vice President & Secretary

    On filings since 2020

    0.3 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Omega Foundation Inc

How much does Omega Foundation Inc give each year?

Omega Foundation Inc gave $57K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $35K across 3 grants.

What is Omega Foundation Inc's typical grant size?

Omega Foundation Inc's median grant in 2024 was $5,000, and its average grant was $9,500, across 6 grants on its 2024 IRS Form 990-PF.

Where does Omega Foundation Inc give grants?

Omega Foundation Inc's top state is California, with 44% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (39%) and District of Columbia (9%). The most frequent recipient cities were San Francisco, CA (2 grants) and New York, NY (2 grants).

Does Omega Foundation Inc give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on Omega Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (6 grants).

Who are Omega Foundation Inc's largest grantees?

Omega Foundation Inc's largest 2024 grantees include The Piatigorsky Foundation ($20,000), The Sterne School ($20,000) and Planned Parenthood ($5,000), according to its 2024 IRS Form 990-PF. Together they received 79% of its itemized 2024 grant dollars.

How large is Omega Foundation Inc?

Omega Foundation Inc reported $636K in total assets on its 2024 IRS Form 990-PF. It paid out $60K in qualifying distributions that year, against a required minimum of $43K (roughly 5% of its investment assets).

What is Omega Foundation Inc's EIN?

Omega Foundation Inc's EIN (Employer Identification Number) is 45-0571261. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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