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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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