The Currency Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $256K in total assets. In 2023, it awarded 4 grants totaling $98K. Net investment income was $1.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$256K
-27.7% YoY
Annual Giving
$98K
-49.1% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$24K
-36.3% YoY
Under IRS private-foundation payout rules, The Currency Foundation Inc reported a distributable amount of $12K for 2023 — the minimum it must pay out in qualifying distributions.
About The Currency Foundation Inc
Based on IRS filings
The Currency Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $256K in total assets. In 2023, it awarded 4 grants totaling $98K. Net investment income was $1.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 |
|---|---|---|
| Total Assets | $255,530 | $353,353 |
| Revenue | $1 | $40,043 |
| Expenses | $97,824 | $191,890 |
| Qualifying Distributions | $97,747 | $191,890 |
| Net Investment Income | $1 | $43 |
| Distributable Amount | $11,674 | $19,242 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Shaare Zion ($58,566), Donations to Qualified Organization ($23,181), Catered Meals to Senior Citizens in ($11,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CATERED MEALS TO SENIOR CITIZENS IN BROOKLYN, NY | MEALS PURCHASED FORM A LOCAL CATERER AND GIVEN TO SENIOR CITIZENS IN NEED WITH LITTLE MONEY AND FAMILY IN THE BROOKLYN, NY AREA. | $11,000 |
| MEALS TO 75 PEOPLE IN NEED BROOKLYN, NY | MEALS PURCHASED FROM A LOCAL RESTAURANT IN BROOKLYN, NY TO FEED 50 PEOPLE IN NEED. | $5,000 |
| DONATIONS TO QUALIFIED ORGANIZATION BROOKLYN, NY | DONATIONS MADE TO MULTIPLE SYNAGOGUES IN NEW YORK THAT ARE ALL QUALIFIED ORGANIZATIONS. | $23,181 |
| SHAARE ZION BROOKLYN, NY | DONATION TO A LOCAL SYNAGOGUE IN BROOKLYN, NY. | $58,566 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MURAD JAJATI | President & CEO | — | — |
| MAYA BALLAH | Treasurer | — | — |
| KHALIL JAJATI | Vice President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Currency Foundation Inc?
The Currency Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. It holds $256K in total assets as of 2023.
How large is The Currency Foundation Inc?
As of 2023, The Currency Foundation Inc holds $256K in total assets with $1 in annual revenue. It awarded 4 grants totaling $98K in 2023.
Where does The Currency Foundation Inc operate?
The Currency Foundation Inc has awarded grants in New York.
What size grants does The Currency Foundation Inc award?
In 2023, The Currency Foundation Inc awarded 4 grants totaling $98K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is The Currency Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Currency Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Currency Foundation Inc's EIN?
The Currency Foundation Inc's EIN (Employer Identification Number) is 87-4080784. IRS Form 990 filing data is available on this page for 2022–2023.
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Browse active grant opportunities in The Currency Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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