The Rocket Foundation
The Rocket Foundation is a private foundation, based in Toms River, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $362K in total assets. In 2025, it awarded 3 grants totaling $80K. Net investment income was $14K.
The Rocket Foundation at a glance
In short: The Rocket Foundation gave $80K across 3 grants in 2025 (avg $27K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $79,822
- +19.7% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $26,607
- +19.7% vs 2024
- Median grant
- $15,500
- Total assets
- $362,059
- -8.9% 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 Rocket Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Bais Medrash East Fifth ($49K). Together the top 2 received $64K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Rocket Foundation gives
- Giving grew 32% from 2022 to 2025. Method
- In 2025 it paid out 431% 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
From 2020 to 2025, annual grant giving ranged from $49K (2021) to $80K (2025). In 2025 it made 3 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bais Medrash East Fifth Lakewood, NJ | Charitable | $48,880 |
| The Donors Fund Lakewood, NJ | Charitable | $15,500 |
| Various Charitable Institutions Toms River, NJ | Charitable | $15,442 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $362,059 | $56,562 | $81,148 | $79,822 | 3 | $80,513 | $14,265 | $18,667 |
| 2024 | $397,232 | $55,447 | $68,366 | $66,686 | 3 | $67,326 | $18,472 | $18,491 |
| 2023 | $411,151 | $52,872 | $68,013 | $67,848 | 4 | $67,948 | $21,052 | $19,700 |
| 2022 | $424,760 | $1,450 | $60,536 | $60,425 | 7 | $60,525 | $1,450 | $23,086 |
| 2021 | $483,666 | $150,794 | $48,704 | $48,600 | 4 | $48,700 | $794 | $18,218 |
| 2020 | $381,576 | $150,267 | $53,865 | $53,762 | 3 | — | $267 | $13,249 |
Under IRS private-foundation payout rules, The Rocket Foundation reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Rocket Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rachel Isaacson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Shlomo Isaacson
Trustee
On filings since 2020
1 hr/week
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 Rocket Foundation
How much does The Rocket Foundation give each year?
The Rocket Foundation gave $80K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $67K across 3 grants.
What is The Rocket Foundation's typical grant size?
The Rocket Foundation's median grant in 2025 was $15,500, and its average grant was $26,607, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Rocket Foundation give grants?
The Rocket Foundation gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lakewood, NJ (2 grants).
Does The Rocket Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Rocket Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (3 grants).
How large is The Rocket Foundation?
The Rocket Foundation reported $362K in total assets on its 2025 IRS Form 990-PF. It paid out $81K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What is The Rocket Foundation's EIN?
The Rocket Foundation's EIN (Employer Identification Number) is 20-8095041. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
Live grants for the work The Rocket Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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