The Gela Foundation Inc
The Gela Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $449K in total assets. In 2025, it awarded 5 grants totaling $279K. Net investment income was $9K.
The Gela Foundation Inc at a glance
In short: The Gela Foundation Inc gave $279K across 5 grants in 2025 (avg $56K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $279,300
- -2.2% vs 2024
- Grants made (2025)
- 5
- -61.5% vs 2024
- Average grant
- $55,860
- +154.4% vs 2024
- Median grant
- $2,000
- Total assets
- $448,532
- -4.7% vs 2024
- Primary geography
- New York (100% 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 Gela Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Davis Memorial Fund Inc ($225K). Together the top 5 received $279K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 58 grants of 66 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Gela Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−8%). Method
- In 2025 it paid out well above 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 $56K (2020) to $488K (2023). In 2025 it made 5 grants totaling $279K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Davis Memorial Fund Inc Lawrence, NY | Charitable | $225,000 |
| The Tzedaka Fund New York, NY | Charitable | $50,000 |
| Congregation Shomre Shabes Anshei Sefard Brooklyn, NY | Charitable | $2,000 |
| Congregation Nitei Gavriel Brooklyn, NY | Charitable | $1,800 |
| Congregation Ahavas Dovid Brooklyn, NY | Charitable | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $448,532 | $259,411 | $281,662 | $279,300 | 5 | $279,300 | $8,871 | $15,109 |
| 2024 | $470,783 | $357,364 | $287,471 | $285,475 | 13 | $285,475 | $7,014 | $14,055 |
| 2023 | $400,890 | $359,088 | $489,505 | $487,540 | 17 | $487,540 | $8,738 | $16,358 |
| 2022 | $531,307 | $352,952 | $304,042 | $302,400 | 15 | $302,400 | $2,652 | $17,884 |
| 2021 | $482,397 | $251,509 | $216,189 | $214,610 | 16 | $214,610 | $1,231 | $17,390 |
| 2020 | $447,077 | $154,407 | $57,930 | $55,800 | 12 | — | $4,407 | $16,557 |
Under IRS private-foundation payout rules, The Gela Foundation Inc reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Gela Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Baila Wald
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Joseph Goldburd
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Joseph Greenfeld
Director
On filings since 2020
0.3 hrs/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 Gela Foundation Inc
How much does The Gela Foundation Inc give each year?
The Gela Foundation Inc gave $279K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $285K across 13 grants.
What is The Gela Foundation Inc's typical grant size?
The Gela Foundation Inc's median grant in 2025 was $2,000, and its average grant was $55,860, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Gela Foundation Inc give grants?
The Gela Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Brooklyn, NY (3 grants).
Does The Gela Foundation Inc give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on The Gela Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
Who are The Gela Foundation Inc's largest grantees?
The Gela Foundation Inc's largest 2025 grantees include Davis Memorial Fund Inc ($225,000), The Tzedaka Fund ($50,000) and Congregation Shomre Shabes Anshei Sefard ($2,000), according to its 2025 IRS Form 990-PF. Together they received 99% of its itemized 2025 grant dollars.
How large is The Gela Foundation Inc?
The Gela Foundation Inc reported $449K in total assets on its 2025 IRS Form 990-PF. It paid out $279K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is The Gela Foundation Inc's EIN?
The Gela Foundation Inc's EIN (Employer Identification Number) is 20-8096298. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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