Segal Family Foundation Inc
The Segal Family Foundation Inc is a private grantmaking foundation established in 2004 and based in Warren, New Jersey. The foundation was created by Barry Segal following the sale of his company, Bradco. A transformative trip to Rwanda sparked Segal's interest in Sub-Saharan Africa's development potential, leading to the foundation's focus on the region. The foundation operates with a commitment to being a role model for efficient investments and effective charitable solutions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$117.7M
+0.1% YoY
Annual Giving
$12.4M
+141.0% YoY
Grant Count
344
+93.3% YoY
Avg Grant Size
$36K
+24.7% YoY
Mission & Focus Areas
The foundation's mission is to partner with outstanding individuals and organizations who improve the well-being of communities in Sub-Saharan Africa. The foundation supports exemplary organizations finding local and scalable solutions to Sub-Saharan Africa's most pressing challenges, with a particular focus on healthy, productive, and empathetic youth.
Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Youth Education
- Community Development
- Economic Development
- International Aid
- Literacy
Grantmaking
The foundation awarded 526 grants in its most recent filing period, with 508 recipients receiving support for charitable purposes.
Grant Range
$50 to $287,500
Average Grant
amount: $40,387
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Geographic Focus
Where this funder awards grants
The foundation primarily funds in Sub-Saharan Africa, with specific focus on:
- Burundi
- Malawi
- Rwanda
- Tanzania
- Democratic Republic of Congo (DRC)
The foundation also maintains operations in the United States, with grantmaking activity in New York, California, and Massachusetts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $117,708,408
- Total giving: $12,411,348
- Total revenue: $13,696,328
- Total expenses: $22,910,216
- Giving rate: 8.9%
Previous Year (2023):
- Total assets: $117,611,997
- Total giving: $10,311,266
- Total revenue: $12,085,434
- Total expenses: $20,314,525
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $117,708,408 | $117,611,997 | $113,916,463 |
| Revenue | $13,696,328 | $12,085,434 | $72,719,595 |
| Expenses | $22,910,216 | $20,314,525 | $37,556,955 |
| Qualifying Distributions | $17,662,135 | $10,311,266 | $15,563,963 |
| Net Investment Income | $9,095,974 | $7,747,150 | $59,209,584 |
| Distributable Amount | $8,288,161 | $7,847,282 | $7,786,585 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel:
- Martin Segal - President (25 hours/week, $156,000 compensation)
- Barry Segal - Vice-President (10 hours/week)
- Richard Segal - Director (2 hours/week)
- Susan Davis - Director (2 hours/week)
- Janis Simon - Director (2 hours/week)
- Dulcita Segal - Advisory Committee (1 hour/week)
- Evelyn Omala - Advisory Committee (1 hour/week)
- Matthew Simon - Advisory Committee (1 hour/week)
- Jason Segal - Advisory Committee (1 hour/week)
- Julius Mbeya - Advisory Committee (1 hour/week)
The foundation employs 8 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARRY SEGAL | VICE-PRESIDENT | 10 | — |
| JANIS SIMON | DIRECTOR | 2 | — |
| MARTIN SEGAL | PRESIDENT | 25 | $156,000 |
| RICHARD SEGAL | DIRECTOR | 2 | — |
| SUSAN DAVIS | DIRECTOR | 2 | — |
Recent News & Activity
Recent developments and announcements
Recent grant recipients include TeachUNITED, which received $100,500 in December 2024 for charitable purposes.
The foundation emphasizes its role as a convener and advocate for democratizing philanthropy, demonstrating to other funders how they can be responsible partners in the philanthropic space. The foundation is recognized for its ability to make meaningful connections across networks and for investing in both organizations and people.
Blood Cancer United receives a grant - Mike & Sofia Segal FoundationSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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