Posnick Family Foundation
Posnick Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Medford, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $426K in total assets. In 2024, it awarded 13 grants totaling $28K. Net investment income was $93K.
Key facts about Posnick Family Foundation
- EIN
- 65-1068212
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $28,200
- Grants made (2024)
- 13
- Average grant
- $2,169
- Median grant
- $1,000
- New grantees (estimate)
- 62% first-time grantees (8 of 13, 2024)
- Total assets
- $426,424
- Primary geography
- Massachusetts (41% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Posnick Family Foundation funds
By grant dollars, the top recipient states for Posnick Family Foundation's 13 itemized 2024 grants were Massachusetts (41%), District of Columbia (27%) and New York (13%). The most frequent recipient cities were Washington, DC (3 grants), New York, NY (2 grants) and Springfield, MA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Posnick Family Foundation open to new grantees?
62%
first-time grantees, 2024
In 2024, 8 of 13 grantees (62%) were first-time recipients. First grants averaged $1K; repeat grants $3K. How we count
Medians: $1K first-time, $3K repeat.
- 31% of 2024 grantees were also funded in 2023. Method
- Giving fell 29% from 2021 to 2024. Method
- In 2023 it paid out 153% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Posnick Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$426K
+20.1% YoY
Annual Giving
$28K
+6.3% YoY
Grant Count
13
+30.0% YoY
Avg Grant Size
$2K
-18.2% YoY
About Posnick Family Foundation
Based on IRS filings
Posnick Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Medford, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $426K in total assets. In 2024, it awarded 13 grants totaling $28K. Net investment income was $93K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $426,424 | $354,982 | $319,118 |
| Revenue | $92,703 | $41,466 | $14,956 |
| Expenses | $33,169 | $37,122 | $31,814 |
| Qualifying Distributions | $28,200 | $26,525 | $31,814 |
| Net Investment Income | $92,703 | $41,466 | $14,956 |
| Distributable Amount | — | $17,326 | $21,868 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Various Donations or Less ($5,950), World Central Kitchen ($5,000), Lubavitcher Yeshiva Acad ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS DONATIONS OR LESS Medford, MA | GENERAL SUPPORT | $5,950 |
| WORLD CENTRAL KITCHEN Washington, DC | GENERAL SUPPORT | $5,000 |
| LUBAVITCHER YESHIVA ACAD Longmeadow, MA | GENERAL SUPPORT | $4,000 |
| INTERNATIONAL RESCUE COMMITTEE Albert Lea, MN | GENERAL SUPPORT | $3,000 |
| FEEDING AMERICA Washington, DC | GENERAL SUPPORT | $2,000 |
| AMERICAN JEWISH JOINT DISTRIB New York, NY | GENERAL SUPPORT | $2,000 |
| DIRECT RELIEF Santa Barbara, CA | GENERAL SUPPORT | $1,000 |
| DISABLED AMERICAN VETERANS TRUST Erlanger, KY | GENERAL SUPPORT | $1,000 |
| PEF ISRAEL ENDOWMENT FUND New York, NY | GENERAL SUPPORT | $1,000 |
| SHRINERS HOSPITAL SPRINGFIELD Springfield, MA | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Posnick | President, Director | 1 | — |
| Noam Waksman | Treasurer | 1 | — |
| Betsy Posnick Waksman | Clerk | 1 | — |
| Susan Posnick | Director | 1 | — |
| David Waksman | Director | 1 | — |
| Nancy Posnick | Director | 1 | — |
| Rebecca Abramson | Director | 1 | — |
| Joshua Posnick | Director | 1 | — |
| Idan Waksman | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Posnick Family Foundation?
Posnick Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Medford, MA. It holds $426K in total assets as of 2024.
How large is Posnick Family Foundation?
As of 2024, Posnick Family Foundation holds $426K in total assets with $93K in annual revenue. It awarded 13 grants totaling $28K in 2024.
Where does Posnick Family Foundation operate?
Posnick Family Foundation has awarded grants in California, District of Columbia, Georgia, Illinois, Kentucky, Massachusetts, Maryland, Minnesota, New York, Texas, Utah, Vermont.
What size grants does Posnick Family Foundation award?
In 2024, Posnick Family Foundation awarded 13 grants totaling $28K — an average of about $2K per grant, based on its IRS Form 990 filings.
What is Posnick Family Foundation's EIN?
Posnick Family Foundation's EIN (Employer Identification Number) is 65-1068212. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.