The Rocket Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $397K in total assets. In 2024, it awarded 3 grants totaling $67K. Net investment income was $18K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$397K
-3.4% YoY
Annual Giving
$67K
-1.7% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$22K
+31.0% YoY
Under IRS private-foundation payout rules, The Rocket Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About The Rocket Foundation
Based on IRS filings
The Rocket Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $397K in total assets. In 2024, it awarded 3 grants totaling $67K. Net investment income was $18K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $397,232 | $411,151 | $424,760 |
| Revenue | $55,447 | $52,872 | $1,450 |
| Expenses | $68,366 | $68,013 | $60,536 |
| Qualifying Distributions | $67,326 | $67,948 | $60,525 |
| Net Investment Income | $18,472 | $21,052 | $1,450 |
| Distributable Amount | $18,491 | $19,700 | $23,086 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bais Medrash East Fifth ($44,845), Various Charitable Institutions ($11,107), The Donors Fund ($10,734).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS CHARITABLE INSTITUTIONS Toms River, NJ | CHARITABLE | $11,107 |
| Bais Medrash East Fifth lakewood, NJ | Charitable | $44,845 |
| THE DONORS FUND LAKEWOOD, NJ | CHARITABLE | $10,734 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHLOMO ISAACSON | Trustee | 1 | — |
| RACHEL ISAACSON | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Rocket Foundation?
The Rocket Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TOMS RIVER, NJ. It holds $397K in total assets as of 2024.
How large is The Rocket Foundation?
As of 2024, The Rocket Foundation holds $397K in total assets with $55K in annual revenue. It awarded 3 grants totaling $67K in 2024.
Where does The Rocket Foundation operate?
The Rocket Foundation has awarded grants in New Jersey, New York, Pennsylvania.
What size grants does The Rocket Foundation award?
In 2024, The Rocket Foundation awarded 3 grants totaling $67K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is The Rocket Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rocket Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rocket Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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