The Five GS Family Foundation Inc
The Five GS Family Foundation Inc is a private foundation based in New York, NY. Its 2024 filing reports 31 grants totaling $10,132, each designated for a general charitable purpose.
The Five GS Family Foundation Inc at a glance
In short: The Five GS Family Foundation Inc gave $10K across 31 grants in 2024 (avg $326.839), mostly in New Jersey. 0% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $10,132
- -6.4% vs 2023
- Grants made (2024)
- 31
- -22.5% vs 2023
- Average grant
- $327
- +20.8% vs 2023
- Median grant
- $50
- Total assets
- $213,165
- +0.4% vs 2023
- New grantees (estimate)
- 0% first-time grantees (0 of 31, 2024)
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Five GS Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 200 East 69Th Street Phb, New York, NY 10021
Phone: (973) 994-9555
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Five GS Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Mayo Clinic ($3K). Together the top 10 received $9K.
Grant Size Distribution
178 grants across all recorded years
The most common grant size was under $50K: 178 grants of 178 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in New Jersey. The listed recipient locations are in Livingston, NJ.
Grant Distribution by State
Share of 2024 grant dollars across all 31 itemized grants.
States
Cities
Is The Five GS Family Foundation Inc open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 31 grantees (0%) were first-time recipients. How we count
- 100% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2024) to $14K (2022). In 2024 it made 31 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic Livingston, NJ | General Charitable Purpose | $3,000 |
| Memorial Sloan Kettering Hospital Livingston, NJ | General Charitable Purpose | $3,000 |
| New York Presbyterian Hospital Livingston, NJ | General Charitable Purpose | $1,500 |
| Arthritis Foundation Livingston, NJ | General Charitable Purpose | $500 |
| St Barnabas MC Foundation Livingston, NJ | General Charitable Purpose | $500 |
| National Yiddish Theatre Folksbeine Livingston, NJ | General Charitable Purpose. | $360 |
| Alzeimer's Association Livingston, NJ | General Charitable Purpose | $200 |
| Susan G Koman Livingston, NJ | General Charitable Purpose | $200 |
| Tunnel to Tower Foundation Livingston, NJ | General Charitable Purpose | $70 |
| American Heart Association Livingston, NJ | General Charitable Purpose | $65 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $213,165 | $14,633 | $13,877 | $10,132 | 31 | $10,132 | $11,535 | $11,529 |
| 2023 | $212,409 | $8,743 | $13,978 | $10,822 | 40 | $10,822 | $5,854 | $10,935 |
| 2022 | $217,644 | $6,539 | $17,201 | $13,957 | 34 | $13,957 | $3,679 | $11,898 |
| 2021 | $228,306 | $17,605 | $14,199 | $10,442 | 36 | $10,442 | $13,243 | $12,694 |
| 2020 | $224,900 | $-40,103 | $13,049 | $10,523 | 37 | — | $2,353 | $11,889 |
Under IRS private-foundation payout rules, The Five GS Family Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2024, the foundation made 31 grants totaling $10,132. Grant amounts ranged from $20 to $3,000, with a median of $50. Its largest reported grants were $3,000 each to Mayo Clinic and Memorial Sloan Kettering Hospital, and $1,500 to New York Presbyterian Hospital. Other recipients included the Arthritis Foundation and St Barnabas MC Foundation ($500 each), National Yiddish Theatre Folksbiene ($360), Alzheimer’s Association and Susan G Koman ($200 each), and Tunnel to Tower Foundation ($70). The listed grants were for general charitable purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Iris Glassman as President, Bradley Glassman as Treasurer, Heath Glassman as Secretary, and Stacey Glassman as Vice President.
The Five GS Family Foundation Inc is led by Iris Glassman, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Iris Glassman
President
On filings since 2020
No compensation reported
Bradley Glassman
Treasurer
On filings since 2020
No compensation reported
Heath Glassman
Secretary
On filings since 2020
No compensation reported
Stacey Glassman
Vice President
On filings since 2020
No compensation reported
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 The Five GS Family Foundation Inc
How much does The Five GS Family Foundation Inc give each year?
The Five GS Family Foundation Inc gave $10K across 31 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11K across 40 grants.
What is The Five GS Family Foundation Inc's typical grant size?
The Five GS Family Foundation Inc's median grant in 2024 was $50, and its average grant was $327, across 31 grants on its 2024 IRS Form 990-PF.
Where does The Five GS Family Foundation Inc give grants?
The Five GS Family Foundation Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Livingston, NJ (31 grants).
Does The Five GS Family Foundation Inc give general operating support?
Yes: 100% of The Five GS Family Foundation Inc's 2024 grants with a stated purpose (31 of 31) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Five GS Family Foundation Inc's largest grantees?
The Five GS Family Foundation Inc's largest 2024 grantees include Mayo Clinic ($3,000), Memorial Sloan Kettering Hospital ($3,000) and New York Presbyterian Hospital ($1,500), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.
How large is The Five GS Family Foundation Inc?
The Five GS Family Foundation Inc reported $213K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
How do I apply for a grant from The Five GS Family Foundation Inc?
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Five GS Family Foundation Inc's EIN?
The Five GS Family Foundation Inc's EIN (Employer Identification Number) is 60-0000352. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Five GS Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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