The JMG Foundation is a private foundation based in East Rutherford, New Jersey. It operates as a 501(c)(3) organization and was established in 2010. The foundation is also known as the Jacob and Miriam Ghermezian Foundation.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$-3,447
-168.9% YoY
Annual Giving
$3.0M
+87.3% YoY
Grant Count
209
+18.8% YoY
Avg Grant Size
$15K
+57.7% YoY
Under IRS private-foundation payout rules, The Jmg Foundation reported a distributable amount of $243 for 2023 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving focuses primarily on Jewish agencies, temples, and Jewish education. Its grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Jewish religious and educational activities
Grantmaking
The JMG Foundation made 340 grants in 2023. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, New Jersey, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: -$3,447
- Total revenues: $3,040,000
- Total expenses: $3,048,451
- Total giving: $3,041,874
- Number of employees: 0
Year-over-year change (2022 to 2023):
- Total grants and contributions increased 84.7% from $1,646,200 to $3,040,000
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $-3,447 | $5,004 | $4,299 |
| Revenue | $3,040,000 | $1,646,200 | $875,500 |
| Expenses | $3,048,451 | $1,629,867 | $912,004 |
| Qualifying Distributions | $3,041,874 | $1,624,045 | $909,469 |
| Net Investment Income | — | — | — |
| Distributable Amount | $243 | $250 | $274 |
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 2023
Grant Size Distribution
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Community Spa Mikveh ($80,000), Bnei Yerushlayim ($75,000), Cong Ateres Tzvi ($55,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Abraham & CR Soloveitchik Lakewood, NJ | Educational and religious activities | $5,000 |
| Adopt a Shadchan Lakewood, NJ | Educational and religious activities | $2,500 |
| Am Fr of Bait Shmaya Inc Baltimore, MD | Educational and religious activities | $10,000 |
| Am Fr of Beit Yitzhak Halevy New York, NY | Educational and religious activities | $2,000 |
| Am Fr of Eretz Hemdah Chicago, IL | Educational and religious activities | $1,000 |
| Akiva Kamornick New York, NY | Educational and religious activities | $5,444 |
| Am Fr of STC Brooklyn, NY | Educational and religious activities | $1,000 |
| Am Fr of Yad Eliezer Jackson, NJ | Educational and religious activities | $500 |
| Am Friends of Kol Torah Monsey, NY | Educational and religious activities | $10,000 |
| Am Friends of Peer Hashalom Brooklyn, NY | Educational and religious activities | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ZEV FRIED | 0 | — | — |
Contact Information
Address: 1 Meadowlands Plaza, Floor 6, East Rutherford, NJ 07073-2150
Telephone: 201-340-2900
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Jmg Foundation fund?
The foundation's giving focuses primarily on Jewish agencies, temples, and Jewish education. Its grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Jewish religious and educational activities
How do I apply for a grant from The Jmg Foundation?
The JMG Foundation made 340 grants in 2023. Recent grants include: • Torah Center For Higher Rabbinical Studies (TCHRS): $260,000 for educational and religious activities • Darchei Israel: $195,300 for educational and religious activities • Sephardic Heritage Center Charitable Trust: $100,000 for educational and religious activities Typical grant awards range from $20 to $461,775.
Where does The Jmg Foundation make grants?
The foundation primarily funds organizations in New York, New Jersey, and California.
What size grants does The Jmg Foundation award?
In 2023, The Jmg Foundation awarded 209 grants totaling $3.0M — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is The Jmg Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Jmg Foundation reported a distributable amount of $243 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jmg Foundation's EIN?
The Jmg Foundation's EIN (Employer Identification Number) is 80-0592321. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in The Jmg Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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