The Axelrod Family Foundation Inc

PALM BEACH, FL EIN: 13-3775791

The Axelrod Family Foundation Inc is a private foundation based in Palm Beach, Florida. Established in 1994, it operates as a grantmaking foundation classified under the IRS 501(c)(3) category for private foundations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$108K

-34.7% YoY

Annual Giving

$144K

+1.0% YoY

Grant Count

+48.1% YoY

Avg Grant Size

$4K

-31.8% YoY

Under IRS private-foundation payout rules, The Axelrod Family Foundation Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation does not maintain a publicly stated mission statement. However, based on recent grantmaking activity, the foundation supports:

Education — including scholarships and educational institutions
Performing Arts — supporting cultural organizations
Human Services — including food security and community support programs
Philanthropy & Grantmaking

Primary geographic focus areas for giving include New York, Florida, and Pennsylvania.

Grantmaking

The foundation made 19 grants in 2024.

Grant Range

Range:** $100–$28,180

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $357K (59%)

Florida $204K (34%)

Pennsylvania $39K (6%)

Massachusetts $3K (0%)

Indiana $1K (0%)

Connecticut $1K (0%)

New Jersey $250 (0%)

States

Connecticut Florida Indiana Massachusetts New Jersey New York Pennsylvania

Cities

AlbanyBostonBoynton BeachBronxBrooklynCarmelEast HamptonFort LauderdaleJupiterMiamiNew YorkPalm BeachPembroke PinesPhiladelphiaQuogueQuoqueSharonShort HillsTampaWest Hampton Beach

Financial History

Multi-year comparison from IRS filings

As of December 31, 2024:

Total Assets: $107,985
Total Giving: $143,970
Total Revenues: $91,627
Total Expenses: $148,904

Revenue Composition (FY 2024):

Grants and contributions: $35,252
Investment income and dividends: $4,265
Net gain from sale of non-inventory assets: $52,110

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$107,985	$165,262	$169,252
Revenue	$91,627	$146,915	$112,939
Expenses	$148,904	$150,880	$131,328
Qualifying Distributions	$145,120	$146,430	$130,200
Net Investment Income	$55,275	$143,965	$84,464
Distributable Amount	$4,996	$8,791	$12,683

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

116 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Quogue Wildlife Refuge ($22,500), Temple Israel ($20,180), Planned Parenthood of North East ($20,000).

Recipient	Purpose	Amount
ALLEN STEVENSON SCHOOL NEW YORK, NY	PROGRAMS TO SUPPORT EDUCATION	$3,500
CENTRAL SYNAGOGUE NEW YORK, NY	TO SUPPORT RELOGIOUS EDUCATION	$2,550
CHILD MIND INSTITUTE NEW YORK, NY	CHILD & ADOLESCENT MENTAL HEALTH	$500
DWIGHT SCHOOL FND NEW YORK, NY	TO PROMOTE SCHOLARSHIPS	$250
FEEDING SOUTH FLORIDA BOYNTON BEACH, FL	SUPPORT FOOD PANTRIES IN S. FLORIDA	$3,500
FLAGLER MUSEUM PALM BEACH, FL	SUPPORT OPERATIONS OF MUSEUM	$1,000
HORACE MANN SCHOOL BRONX, NY	TO PROMOTE SCHOLARSHIPS	$10,100
HOW JUPITER, FL	OVARIAN CANCER RESEARCH	$1,250
MIAMI CITY BALLET MIAMI, FL	TO SUPPORT THE PERFORMING ARTS	$13,500
NORTON MUSEUM OF ART WEST PALM BEACH, FL	TO SUPPORT OPS & MAINT. OF MUSEUM	$700

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAY G AXELROD	PRES/ DIRECT	5	—
MARGARET G AXELROD	TREAS/DIRECT	5	—
CAROLINE E AXELROD	DIRECTOR	2	—
DANIELLE S AXELROD	DIRECTOR	2	—

Frequently Asked Questions

What does The Axelrod Family Foundation Inc fund?

The foundation does not maintain a publicly stated mission statement. However, based on recent grantmaking activity, the foundation supports: • **Education** — including scholarships and educational institutions • **Performing Arts** — supporting cultural organizations • **Human Services** — including food security and community support programs • **Philanthropy & Grantmaking** Primary geographic focus areas for giving include New York, Florida, and Pennsylvania.

How do I apply for a grant from The Axelrod Family Foundation Inc?

**Grant Size Range:** $100–$28,180 **Recent Grants (2024):** • Miami City Ballet (MCB) — $13,500 (To Support the Performing Arts) • Horace Mann School — $10,100 (To Promote Scholarships) • Feeding South Florida — $3,500 (Support Food Pantries in S. Florida) The foundation made 19 grants in 2024.

What size grants does The Axelrod Family Foundation Inc award?

In 2024, The Axelrod Family Foundation Inc awarded 40 grants totaling $144K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is The Axelrod Family Foundation Inc required to give away each year?

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

What is The Axelrod Family Foundation Inc's EIN?

The Axelrod Family Foundation Inc's EIN (Employer Identification Number) is 13-3775791. IRS Form 990 filing data is available on this page for 2020–2024.