Shaife Foundation Inc

BROOKLYN, NY EIN: 81-0753473

Shaife Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $511K in total assets. In 2024, it awarded 2 grants totaling $26K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$511K

-20.2% YoY

Annual Giving

$26K

-30.9% YoY

Grant Count

-66.7% YoY

Avg Grant Size

$13K

+107.2% YoY

Under IRS private-foundation payout rules, Shaife Foundation Inc reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.

About Shaife 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 York $91K (100%)

States

New York

Cities

Brooklyn

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$510,500	$639,485	$667,796
Revenue	—	$53,112	$17
Expenses	$28,986	$37,611	$29,896
Qualifying Distributions	$25,978	$37,611	$27,044
Net Investment Income	—	$53,112	$17
Distributable Amount	$18,565	$18,795	$36,259

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cong Imrei Chaim Viznitz ($14,035), Bais Shifra Inc ($11,943).

Recipient	Purpose	Amount
CONG IMREI CHAIM VIZNITZ Brooklyn, NY	To provide assistance to educational institutions	$14,035
BAIS SHIFRA INC BROOKLYN, NY	To provide assistance to educational institutions	$11,943

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Renee Kupferstein	President &	—	—
Isaac Kupferstein	Treasurer	—	—
Roseline Rapaport	Secretary	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Shaife Foundation Inc?

Shaife Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. It holds $511K in total assets as of 2024.

How large is Shaife Foundation Inc?

As of 2024, Shaife Foundation Inc holds $511K in total assets. It awarded 2 grants totaling $26K in 2024.

Where does Shaife Foundation Inc operate?

Shaife Foundation Inc has awarded grants in New York.

What size grants does Shaife Foundation Inc award?

In 2024, Shaife Foundation Inc awarded 2 grants totaling $26K — an average of about $13K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Shaife Foundation Inc reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.