WBS Family Foundation

Foundation · Grantmaker Brooklyn, NY EIN: 87-4118288

WBS Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Brooklyn, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1K in total assets. Net investment income was $5.

Key facts about WBS Family Foundation

EIN: 87-4118288
Latest 990 filing: Form 990-PF, 2024
Total assets: $1,347

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

How WBS Family Foundation gives

In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

Next steps with WBS Family Foundation

How to evaluate WBS Family Foundation as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1K

+0.4% YoY

Revenue

-61.5% YoY

Net Investment Income

-61.5% YoY

Expenses

—

-100.0% YoY

Under IRS private-foundation payout rules, WBS Family Foundation reported a distributable amount of $66 for 2024 — the minimum it must pay out in qualifying distributions.

About WBS Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $173K (58%)

New Jersey $125K (42%)

States

New Jersey New York

Cities

BrooklynLakewoodCedarhurstMonsey

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,347	$1,342	$17,479
Revenue	$5	$13	$36
Expenses	—	$16,150	$282,557
Qualifying Distributions	—	$16,150	$282,017
Net Investment Income	$5	$13	$36
Distributable Amount	$66	$99	$5,289

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

28 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

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
William Stern	Trustee	1	—
Blimie Stern	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is WBS Family Foundation?

WBS Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Brooklyn, NY. It holds $1K in total assets as of 2024.

How large is WBS Family Foundation?

As of 2024, WBS Family Foundation holds $1K in total assets with $5 in annual revenue.

Where does WBS Family Foundation operate?

WBS Family Foundation has awarded grants in New Jersey, New York.

How much is WBS Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, WBS Family Foundation reported a distributable amount of $66 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.