The Joseph Novakoff Charitable

Foundation · Grantmaker Weston, MA EIN: 04-6768027

The Joseph Novakoff Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Weston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $257K in total assets. In 2024, it awarded 8 grants totaling $26K. Net investment income was $14K.

Key facts about The Joseph Novakoff Charitable

EIN: 04-6768027
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $25,914
Grants made (2024): 8
Average grant: $3,239
Median grant: $1,138
Total assets: $256,598
Primary geography: Massachusetts (98% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Joseph Novakoff Charitable funds

By grant dollars, the top recipient states for The Joseph Novakoff Charitable's 8 itemized 2024 grants were Massachusetts (98%). The most frequent recipient cities were Newton, MA (3 grants), Boston, MA (2 grants) and Los Angeles, CA (2 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Philanthropic" (6 grants).

How The Joseph Novakoff Charitable gives

Giving fell 22% from 2021 to 2024. Method
In 2024 it paid out 224% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Joseph Novakoff Charitable

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$257K

-5.5% YoY

Annual Giving

$26K

+29.9% YoY

Grant Count

+60.0% YoY

Avg Grant Size

$3K

-18.8% YoY

Under IRS private-foundation payout rules, The Joseph Novakoff Charitable reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About The Joseph Novakoff Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $25K (98%)

California $536 (2%)

Share of all 8 itemized 2024 grant dollars.

States

Arizona California Massachusetts

Cities

NewtonBostonLos AngelesPhoenixRoslindaleScottsdaleBrooklineWaltham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$256,598	$271,556	$284,588
Revenue	$13,941	$11,831	$67,289
Expenses	$28,899	$24,863	$39,671
Qualifying Distributions	$28,899	$23,733	$39,671
Net Investment Income	$13,941	$11,831	$67,289
Distributable Amount	$12,875	$13,564	$14,052

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 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 8 recipients in 2024

Grant Size Distribution

42 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Hebrew Senior Life ($10,000), Temple Emanuel ($7,103), Combined Jewish Philanthropies ($5,000).

Recipient	Purpose	Amount
HEBREW SENIOR LIFE Roslindale, MA	PHILANTHROPIC	$10,000
TEMPLE EMANUEL Newton, MA	PHILANTHROPIC	$7,103
COMBINED JEWISH PHILANTHROPIES Boston, MA	PHILANTHROPIC	$5,000
CONGREGATION BETH EL ATERETH ISRAEL Newton, MA	CHARITABLE	$1,275
FRIENDS OF THE CHILDREN Boston, MA	CHARITABLE	$1,000
NEWTON WELLESLEY HOSPITAL FUND Newton, MA	PHILANTHROPIC	$1,000
SINAI TEMPLE Los Angeles, CA	PHILANTHROPIC	$336
HILLEL UCLA Los Angeles, CA	PHILANTHROPIC	$200

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
Karen Novakoff	Trustee	1	—
Stephen Novakoff	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Joseph Novakoff Charitable?

The Joseph Novakoff Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Weston, MA. It holds $257K in total assets as of 2024.

How large is The Joseph Novakoff Charitable?

As of 2024, The Joseph Novakoff Charitable holds $257K in total assets with $14K in annual revenue. It awarded 8 grants totaling $26K in 2024.

Where does The Joseph Novakoff Charitable operate?

The Joseph Novakoff Charitable has awarded grants in Arizona, California, Massachusetts.

What size grants does The Joseph Novakoff Charitable award?

In 2024, The Joseph Novakoff Charitable awarded 8 grants totaling $26K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is The Joseph Novakoff Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Joseph Novakoff Charitable reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Joseph Novakoff Charitable's EIN?

The Joseph Novakoff Charitable's EIN (Employer Identification Number) is 04-6768027. IRS Form 990 filing data is available on this page for 2020–2024.