The October Foundation Inc
The October Foundation Inc is a private foundation, based in Saddle River, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $37K in total assets. In 2025, it awarded 1 grant totaling $3K.
The October Foundation Inc at a glance
In short: The October Foundation Inc gave $3K across 1 grant in 2025 (avg $3K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,500
- Grants made (2025)
- 1
- Average grant
- $2,500
- Median grant
- $2,500
- Total assets
- $37,286
- -0.1% vs 2024
- Primary geography
- New Jersey (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 October Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was HMH Foundation ($3K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The October Foundation Inc gives
- In 2025 it paid out 896% of 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
In 2025 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| HMH Foundation Iselin, NJ | Charity | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $37,286 | $17,000 | $15,356 | $2,500 | 1 | $15,356 | $1,713 |
| 2024 | $37,310 | $2,800 | $5,285 | — | — | $5,285 | $1,916 |
| 2023 | $38,317 | $7,100 | $4,760 | — | — | $4,760 | $1,762 |
| 2022 | $36,434 | $15,909 | $8,309 | — | — | $8,309 | $1,652 |
| 2021 | $28,834 | $18,500 | $15,519 | — | — | $15,519 | $1,016 |
| 2020 | $25,853 | $2,675 | $6,242 | — | — | — | $1,394 |
Under IRS private-foundation payout rules, The October Foundation Inc reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The October Foundation Inc is led by James Kourgelis, Trustee & President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
James Kourgelis
Trustee & President
On filings since 2020
No compensation reported
Caryl Kourgelis
Trustee
Trustee, Vice President & Secretary → Trustee, 2023
On filings since 2020
No compensation reported
Stuart D. Liebman
Trustee
Trustee, Vice President & Treasurer → Trustee, 2023
On filings since 2020
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 October Foundation Inc
How much does The October Foundation Inc give each year?
The October Foundation Inc gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
How large is The October Foundation Inc?
The October Foundation Inc reported $37K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
Where does The October Foundation Inc operate?
The October Foundation Inc has awarded grants in New Jersey.
What is The October Foundation Inc's EIN?
The October Foundation Inc's EIN (Employer Identification Number) is 47-3739838. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 3, 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 30, 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 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The October Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The October Foundation Inc's focus areas in our free grants database
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