The Five GS Family Foundation Inc
The Five GS Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $213K in total assets. In 2024, it awarded 31 grants totaling $10K. Net investment income was $12K.
Key facts about The Five GS Family Foundation Inc
- EIN
- 60-0000352
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $10,132
- Grants made (2024)
- 31
- Average grant
- $327
- Median grant
- $50
- New grantees (estimate)
- 0% first-time grantees (0 of 31, 2024)
- Total assets
- $213,165
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Five GS Family Foundation Inc funds
By grant dollars, the top recipient states for The Five GS Family Foundation Inc's 31 itemized 2024 grants were New Jersey (100%). The most frequent recipient cities were Livingston, NJ (31 grants). 100% of grants with a stated purpose were for general or operating support.
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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Five GS Family Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$213K
+0.4% YoY
Annual Giving
$10K
-6.4% YoY
Grant Count
31
-22.5% YoY
Avg Grant Size
$326.839
+20.8% YoY
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.
About The Five GS Family Foundation Inc
Based on IRS filings
The Five GS Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $213K in total assets. In 2024, it awarded 31 grants totaling $10K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 31 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $213,165 | $212,409 | $217,644 |
| Revenue | $14,633 | $8,743 | $6,539 |
| Expenses | $13,877 | $13,978 | $17,201 |
| Qualifying Distributions | $10,132 | $10,822 | $13,957 |
| Net Investment Income | $11,535 | $5,854 | $3,679 |
| Distributable Amount | $11,529 | $10,935 | $11,898 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
178 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Mayo Clinic ($3,000), Memorial Sloan Kettering Hospital ($3,000), New York Presbyterian Hospital ($1,500).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Iris Glassman | President | — | — |
| Bradley Glassman | Treasurer | — | — |
| Heath Glassman | Secretary | — | — |
| Stacey Glassman | Vice President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Five GS Family Foundation Inc?
The Five GS Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $213K in total assets as of 2024.
How large is The Five GS Family Foundation Inc?
As of 2024, The Five GS Family Foundation Inc holds $213K in total assets with $15K in annual revenue. It awarded 31 grants totaling $10K in 2024.
Where does The Five GS Family Foundation Inc operate?
The Five GS Family Foundation Inc has awarded grants in New Jersey.
What size grants does The Five GS Family Foundation Inc award?
In 2024, The Five GS Family Foundation Inc awarded 31 grants totaling $10K — an average of about $326.839 per grant, based on its IRS Form 990 filings.
How much is The Five GS Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Five GS Family 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 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.