The Balas Family Foundation for Children
The Balas Family Foundation for Children is a private foundation focused on Human Services, based in Boca Raton, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $35K in total assets. In 2025, it awarded 2 grants totaling $5K.
The Balas Family Foundation for Children at a glance
In short: The Balas Family Foundation for Children gave $5K across 2 grants in 2025 (avg $2K), mostly in New Hampshire. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,500
- +80.0% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $2,250
- -10.0% vs 2024
- Median grant
- $2,250
- Total assets
- $34,596
- -11.2% vs 2024
- Primary geography
- New Hampshire (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Balas Family Foundation for Children funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Cross Roads House ($3K). Together the top 2 received $5K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How The Balas Family Foundation for Children gives
- Giving grew 80% from 2022 to 2025. Method
- In 2025 it paid out 326% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3K (2022) to $5K (2025). In 2025 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cross Roads House Portsmouth, NH | To provide shelter, respect, and collaborative solutions to unhoused individuals | $2,500 |
| Broward Education Foundation Fort Lauderdale, FL | To Provide Support to County Public Schools | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $34,596 | $5,002 | $9,357 | $4,500 | 2 | $5,781 | $1,771 |
| 2024 | $38,951 | $3,625 | $5,519 | $2,500 | 1 | $3,321 | $2,003 |
| 2023 | $40,845 | $252 | $5,649 | $2,500 | 1 | $3,243 | $2,163 |
| 2022 | $46,242 | $2,241 | $4,901 | $2,500 | 1 | $3,164 | $2,398 |
| 2021 | $48,902 | $11,737 | $7,896 | $3,000 | 2 | $3,812 | $2,174 |
| 2020 | $45,061 | $2,896 | $7,686 | $4,500 | 4 | — | $2,267 |
Under IRS private-foundation payout rules, The Balas Family Foundation for Children reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Balas Family Foundation for Children's 2025 filing lists 6 officers; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marie J. Corsetti
Co-Director
On filings since 2020
1 hr/week
No compensation reported
Michael P. Balas
Trustee & Director
On filings since 2020
1 hr/week
No compensation reported
Steven M. Balas
Co-Trustee & Legal Advisor
On filings since 2020
1 hr/week
No compensation reported
Carolina Rinchere
Ambassador
On filings since 2020
1 hr/week
No compensation reported
Judith A. Bradley
Community Outreach Advisor
On filings since 2020
1 hr/week
No compensation reported
Madison E. Balas
Ambassador
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The Balas Family Foundation for Children
How much does The Balas Family Foundation for Children give each year?
The Balas Family Foundation for Children gave $5K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 1 grant.
How large is The Balas Family Foundation for Children?
The Balas Family Foundation for Children reported $35K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is The Balas Family Foundation for Children?
The Balas Family Foundation for Children is a private foundation focused on Human Services, based in Boca Raton, FL. It holds $35K in total assets as of 2025.
Where does The Balas Family Foundation for Children operate?
The Balas Family Foundation for Children has awarded grants in Florida, New Hampshire, New York, Texas.
What is The Balas Family Foundation for Children's EIN?
The Balas Family Foundation for Children's EIN (Employer Identification Number) is 83-3712492. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 21, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 25, 2026)
- IRS filings on file for fiscal years 2020–2025
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