The Gela 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 $471K in total assets. In 2024, it awarded 13 grants totaling $285K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$471K
+17.4% YoY
Annual Giving
$285K
-41.4% YoY
Grant Count
13
-23.5% YoY
Avg Grant Size
$22K
-23.4% YoY
Under IRS private-foundation payout rules, The Gela Foundation Inc reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gela Foundation Inc
Based on IRS filings
The Gela 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 $471K in total assets. In 2024, it awarded 13 grants totaling $285K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $470,783 | $400,890 | $531,307 |
| Revenue | $357,364 | $359,088 | $352,952 |
| Expenses | $287,471 | $489,505 | $304,042 |
| Qualifying Distributions | $285,475 | $487,540 | $302,400 |
| Net Investment Income | $7,014 | $8,738 | $2,652 |
| Distributable Amount | $14,055 | $16,358 | $17,884 |
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
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Davis Memorial Fund Inc ($200,000), The Tzedaka Fund ($50,000), Tomche Shabbos ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DAVIS MEMORIAL FUND INC LAWRENCE, NY | CHARITABLE | $200,000 |
| THE TZEDAKA FUND NEW YORK, NY | CHARITABLE | $50,000 |
| TOMCHE SHABBOS BROOKLYN, NY | CHARITABLECHARITABLE | $10,000 |
| CONGREGATION OHEL MOSHE CHEVRA THILIM LUBAVITCH BROOKLYN, NY | CHARITABLE | $7,200 |
| CONGREGATION ADAS YEREIM KEW GARDENS, NY | CHARITABLE | $3,600 |
| CONGREGATION NITEI GAVRIEL BROOKLYN, NY | CHARITABLE | $3,600 |
| CONGREGATION TZIDKAS RUCHEL LAKEWOOD, NJ | CHARITABLE | $3,600 |
| CONGREGATION SHOMRE SHABES ANSHEI SEFARD BROOKLYN, NY | CHARITABLE | $2,000 |
| CONGREGATION AHAVAS DOVID BROOKLYN, NY | CHARITABLE | $1,800 |
| CONGREGATION DAMESEK ELIEZER BETH TORAH BROOKLYN, NY | CHARITABLE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH GREENFELD | DIRECTOR | 0.25 | — |
| JOSEPH GOLDBURD | DIRECTOR | 0.25 | — |
| BAILA WALD | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gela Foundation Inc?
The Gela Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $471K in total assets as of 2024.
How large is The Gela Foundation Inc?
As of 2024, The Gela Foundation Inc holds $471K in total assets with $357K in annual revenue. It awarded 13 grants totaling $285K in 2024.
Where does The Gela Foundation Inc operate?
The Gela Foundation Inc has awarded grants in Illinois, Minnesota, New Jersey, New York.
What size grants does The Gela Foundation Inc award?
In 2024, The Gela Foundation Inc awarded 13 grants totaling $285K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is The Gela Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gela Foundation Inc reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Gela 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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