Shimi Jay Charity Foundation

Foundation · Grantmaker Lakewood, NJ EIN: 88-4323022

Shimi Jay Charity Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lakewood, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 1 grant totaling $1.6M.

Key facts about Shimi Jay Charity Foundation

EIN: 88-4323022
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,562,491
Grants made (2024): 1
Average grant: $1,562,491
Median grant: $1,562,491
Total assets: $1,316,394
Primary geography: New Jersey (100% of itemized 2024 grant dollars)

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

How Shimi Jay Charity Foundation gives

In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

Next steps with Shimi Jay Charity Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+49203.1% YoY

Annual Giving

$1.6M

+310.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.6M

+310.4% YoY

Under IRS private-foundation payout rules, Shimi Jay Charity Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About Shimi Jay Charity Foundation

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 Jersey $1.6M (100%)

Share of all 1 itemized 2024 grant dollars.

States

New Jersey

Cities

Lakewood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,316,394	$2,670	$51,980
Revenue	$2,876,300	$331,500	$52,000
Expenses	$1,562,576	$380,810	$20
Qualifying Distributions	$1,562,576	$380,700	—
Net Investment Income	—	—	—
Distributable Amount	$7,477	$1,205	$137

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Details of Contributions to Charitable Organizations Available Upon Request ($1,562,491).

Recipient	Purpose	Amount
DETAILS OF CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS AVAILABLE UPON REQUEST Lakewood, NJ	CHARITABLE CONTRIBUTIONS	$1,562,491

Leadership & Key People

Officers and directors from IRS filings

Shimi Jay Charity Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

Shimon Jacobovits

Trustee

On filings since 2022

1 hr/week

No compensation reported
Moshe Jacobovits

Trustee

On filings since 2023

0.5 hrs/week

No compensation reported

Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Shimi Jay Charity Foundation?

Shimi Jay Charity Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lakewood, NJ. It holds $1.3M in total assets as of 2024.

How large is Shimi Jay Charity Foundation?

As of 2024, Shimi Jay Charity Foundation holds $1.3M in total assets with $2.9M in annual revenue. It awarded 1 grant totaling $1.6M in 2024.

Where does Shimi Jay Charity Foundation operate?

Shimi Jay Charity Foundation has awarded grants in New Jersey.

What size grants does Shimi Jay Charity Foundation award?

In 2024, Shimi Jay Charity Foundation awarded 1 grant totaling $1.6M — an average of about $1.6M per grant, based on its IRS Form 990 filings.

How much is Shimi Jay Charity Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Shimi Jay Charity Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.