SPG Foundation Inc

Foundation · Grantmaker Monroe, NY EIN: 85-1625224

SPG Foundation Inc is a private foundation focused on Human Services, based in Monroe, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 3 grants totaling $131K. Net investment income was $3K.

Key facts about SPG Foundation Inc

In short: SPG Foundation Inc gave $131K across 3 grants in 2024 (avg $44K), mostly in New York. Source: 2024 IRS Form 990-PF.

EIN
85-1625224
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$130,700
Grants made (2024)
3
Average grant
$43,567
Median grant
$22,600
Total assets
$1,919,464
Primary geography
New York (100% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

-3.7% YoY

Annual Giving

$131K

-48.3% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$44K

-48.3% YoY

Under IRS private-foundation payout rules, SPG Foundation Inc reported a distributable amount of $80K for 2024 — the minimum it must pay out in qualifying distributions.

How SPG Foundation Inc gives

  • Giving fell 31% from 2021 to 2024. Method
  • In 2024 it paid out 164% of its IRS minimum distribution (the 5% rule). Method

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 3 itemized 2024 grant dollars.

Cities

BrooklynMonseySpring ValleyMonroeBaltimoreAirmontBloomingburgNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K11 grants202014 grants20211 grants20223 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

The Ojc Fund: $106KThe Ojc Fund$106KCongregation Bais Yaakov Nechamia: $23KCongregation Bais YaakovNechamia$23KChasdei Meir Inc: $3KChasdei Meir Inc$3K

Grant Size Distribution

32 grants across all recorded years

27<$50K$50–100K5$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
THE OJC FUND Brooklyn, NYFOR PROGRAM ASSISTANCE$105,600
CONGREGATION BAIS YAAKOV NECHAMIA Brooklyn, NYFOR PROGRAM ASSISTANCE$22,600
CHASDEI MEIR INC Brooklyn, NYFOR PROGRAM ASSISTANCE$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M20202021202220232024
Metric202420232022
Total Assets$1,919,464$1,993,315$1,784,126
Revenue$59,447$462,039$114,666
Expenses$133,444$252,850$143,750
Qualifying Distributions$130,700$252,600$141,000
Net Investment Income$2,696——
Distributable Amount$79,828$18,106$29,249

Data update history

When this profile's IRS filing data changed on Grantable

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

Leadership & Key People

Officers and directors from IRS filings

SPG Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Aharon Ostreicher

    Officer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Shimon Gertner

    Officer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Perl Gertner

    Officer

    On filings since 2022

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Isacher Ostreicher (2020–2021) — Officer

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 SPG Foundation Inc

How much does SPG Foundation Inc give each year?

SPG Foundation Inc gave $131K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $253K across 3 grants.

What is SPG Foundation Inc's typical grant size?

SPG Foundation Inc's median grant in 2024 was $22,600, and its average grant was $43,567, across 3 grants on its 2024 IRS Form 990-PF.

Where does SPG Foundation Inc give grants?

SPG Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Brooklyn, NY (3 grants).

Does SPG Foundation Inc give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on SPG Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "For Program Assistance" (3 grants).

How large is SPG Foundation Inc?

SPG Foundation Inc reported $1.9M in total assets on its 2024 IRS Form 990-PF. It paid out $131K in qualifying distributions that year, against a required minimum of $80K (roughly 5% of its investment assets).

What is SPG Foundation Inc?

SPG Foundation Inc is a private foundation focused on Human Services, based in Monroe, NY. It holds $1.9M in total assets as of 2024.

What is SPG Foundation Inc's EIN?

SPG Foundation Inc's EIN (Employer Identification Number) is 85-1625224. 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.

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