Prime Foundation

Private foundation · Grantmaker Brooklyn, NY EIN: 11-3575524

Prime Foundation is a private foundation focused on Recreation & Sports, based in Brooklyn, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 5 grants totaling $118K. Net investment income was $79K.

Prime Foundation at a glance

In short: Prime Foundation gave $118K across 5 grants in 2024 (avg $24K), mostly in New York. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$118,000
+214.7% vs 2023
Grants made (2024)
5
+0.0% vs 2023
Average grant
$23,600
+214.7% vs 2023
Median grant
$18,000
Total assets
$1,353,868
+2.2% vs 2023
Primary geography
New York (85% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

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

Who Prime Foundation funds

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Beer Mayiim Chaim: $50KBeer Mayiim Chaim$50KCongregation Bnei Pinchos: $28KCongregation Bnei Pinchos$28KCongregation Anshei Howell Charity: $18KCongregation Anshei HowellCharity$18KCongregation Bais Hachinuch: $12KCongregation Bais Hachinuch$12KZichron Shloima: $10KZichron Shloima$10K

The largest 2024 recipient was Beer Mayiim Chaim ($50K). Together the top 5 received $118K.

Grant Size Distribution

20 grants across all recorded years

16<$50K2$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 16 grants of 20 (80%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

BrooklynSpring ValleyHowell

How Prime Foundation gives

  • Giving fell 63% from 2021 to 2024. Method
  • In 2024 it paid out 209% of its IRS minimum distribution (the 5% rule). Method

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

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K5 grants2020 3 grants2021 2 grants2022 5 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $38K (2023) to $318K (2021). In 2024 it made 5 grants totaling $118K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Beer Mayiim Chaim Brooklyn, NYCharitable$50,000
Congregation Bnei Pinchos Brooklyn, NYCharitable$28,000
Congregation Anshei Howell Charity Howell, NJcharitable$18,000
Congregation Bais Hachinuch Spring Valley, NYCharitable$12,000
Zichron Shloima Brooklyn, NYCharitable$10,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$1,353,868$158,338$129,187$118,0005$119,094$78,771$56,921
2023$1,324,532$203,881$47,895$37,5005$39,665$45,951$58,745
2022$1,169,237$251,207$63,894$56,0002$57,565$44,923$51,806
2021$951,776$234,379$325,461$318,0003$318,250$38,668$59,193
2020$1,042,858$95,188$77,988$70,4005—$49,674$51,804

Under IRS private-foundation payout rules, Prime Foundation reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Prime Foundation is led by Elias Bochner, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Elias Bochner

    President

    On filings since 2020

    No compensation reported

  • Surrey Bochner

    Vice President

    On filings since 2020

    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 Prime Foundation

How much does Prime Foundation give each year?

Prime Foundation gave $118K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $38K across 5 grants.

What is Prime Foundation's typical grant size?

Prime Foundation's median grant in 2024 was $18,000, and its average grant was $23,600, across 5 grants on its 2024 IRS Form 990-PF.

Where does Prime Foundation give grants?

Prime Foundation gives mostly in New York: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (15%). The most frequent recipient cities were Brooklyn, NY (3 grants).

Does Prime Foundation give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on Prime Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).

Who are Prime Foundation's largest grantees?

Prime Foundation's largest 2024 grantees include Beer Mayiim Chaim ($50,000), Congregation Bnei Pinchos ($28,000) and Congregation Anshei Howell Charity ($18,000), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.

How large is Prime Foundation?

Prime Foundation reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $119K in qualifying distributions that year, against a required minimum of $57K (roughly 5% of its investment assets).

What is Prime Foundation?

Prime Foundation is a private foundation focused on Recreation & Sports, based in Brooklyn, NY. It holds $1.4M in total assets as of 2024.

What is Prime Foundation's EIN?

Prime Foundation's EIN (Employer Identification Number) is 11-3575524. IRS Form 990 filing data is available on this page for 2020–2024.

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

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Prime Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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