Stephen and Regina Savitsky Foundation
The Stephen and Regina Savitsky Foundation is a private independent foundation established in 2001 and based in Woodmere, New York. The foundation operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic grantmaking across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$918K
-2.1% YoY
Annual Giving
$275K
-16.9% YoY
Grant Count
51
-16.4% YoY
Avg Grant Size
$5K
-0.6% YoY
Under IRS private-foundation payout rules, Stephen and Regina Savitsky Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports initiatives in three primary areas:
- Education
- Religion
- Human Services
Grantmaking
The foundation maintains active grantmaking operations with recent grant activity demonstrating consistent support across its focus areas.
Grant Range
approximately $23,000
Average Grant
approximately $23,000
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states including:
- California
- Florida
- Massachusetts
- Maryland
- New Jersey
- New York
- Oregon
- Pennsylvania
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (FYE 10/2024):
- Total Assets: $918,274
- Total Revenue: $130,679
- Total Expenses: $296,149
- Total Liabilities: $1,000
Prior Year (FYE 10/2023):
- Total Grants, Contributions: $560,931
- Investment Income and Dividends: $15,172
The foundation's investment income increased significantly year-over-year (103.1% growth), while grant contributions declined 84% between fiscal years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $918,274 | $937,918 | $831,817 |
| Revenue | $130,679 | $603,509 | $246,749 |
| Expenses | $296,149 | $348,333 | $162,486 |
| Qualifying Distributions | $274,743 | $343,979 | $133,616 |
| Net Investment Income | $40,679 | $42,578 | $46,749 |
| Distributable Amount | $41,841 | $49,050 | $35,060 |
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
242 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Eretz Hachaim ($96,313), Yeshiva of South Shore ($26,000), Partners in Torah ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AL KANFEI NISHARIM LAWRENCE, NY | GENERAL DONATION FOR HELPING THE POOR | $1,500 |
| AMERICAN FRIEND OF IDF NEW YORK, NY | PROVIDES FOR THE WELLBEING OF SOLDIERS IF THE ISRAELI DEFENSE FORCE, VETERNS AND FAMILY MEMBERS | $1,500 |
| AMERICAN FRIENDS OF LEKET TEANECK, NY | FOOD FOR THE NEEDY | $250 |
| CONGERGATION BAIS SHALOM LAWRENCE, NY | SUPPORT JEWISH CAUSES | $10,000 |
| CENTER HIILS SYNAGOUGE ATLANTA, GA | PROVIDE FUNDING FOR COMMUNITY NEEDS | $600 |
| BEIS MIDRASH OF QUEENS FLUSHING, NY | JEWISH EDUCATION | $2,500 |
| BIKUR CHOLIM FAR ROCKAWAY LAWRENCE, NY | ASSIST THE JEWISH POOR | $360 |
| BNAI ZION FOUNDATION NEW YORK, NY | HOSPITAL SERVICES | $23,036 |
| CONGREGATION ZEMACH DAVID BROOKLYN, NY | EDUCATION | $500 |
| DARCHAEI MENACHEM BROOKLYN, NY | GENERAL JEWISH EDUCATION | $360 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by three directors who serve without compensation:
- Stephen Savitsky — Director, President, and Treasurer
- Regina Savitsky — Director and Secretary
- Stuart Savitsky — Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN SAVITSKY | DIRECTOR, PRESIDENT &TREAS | 5 | — |
| REGINA SAVITSKY | DIRECTOR & SECRETARY | 5 | — |
| STUART SAVITSKY | DIRECTOR | 5 | — |
Recent News & Activity
Recent developments and announcements
In January 2024, the Orthodox Union Communal Growth Initiative acknowledged a major gift from Steve and Genie Savitsky, recognizing their significant philanthropic support.
Orthodox Union Communal Growth Initiative Appreciates Major Gift from SteveContact Information
Address: 386 Longacre Avenue, Woodmere, NY 11598-2417
Telephone: 516-374-2122
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Stephen and Regina Savitsky Foundation fund?
The foundation supports initiatives in three primary areas: • **Education** • **Religion** • **Human Services**
How do I apply for a grant from Stephen and Regina Savitsky Foundation?
The foundation maintains active grantmaking operations with recent grant activity demonstrating consistent support across its focus areas. Notable recent grants include: • Yeshiva and Mesivta Toras Chaim of Greater New York at South Shore: $26,000 (Jewish Education) • Partners in Torah: $25,000 (Jewish Education) • Bnai Zion Foundation: $23,036 (Hospital Services) The foundation made approximately 29 grants totaling $140,741 in the most recent reporting period. • Average grant size: approximate…
Where does Stephen and Regina Savitsky Foundation make grants?
The foundation supports organizations across multiple states including: • California • Florida • Massachusetts • Maryland • New Jersey • New York • Oregon • Pennsylvania
What size grants does Stephen and Regina Savitsky Foundation award?
In 2024, Stephen and Regina Savitsky Foundation awarded 51 grants totaling $275K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Stephen and Regina Savitsky Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stephen and Regina Savitsky Foundation reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stephen and Regina Savitsky Foundation's EIN?
Stephen and Regina Savitsky Foundation's EIN (Employer Identification Number) is 22-3841953. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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