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Abg Chesed Foundation Inc. is a private corporation based in BROOKLYN, NY. The foundation received its IRS ruling in 2006. The principal officer is Abraham Gross. It holds total assets of $1.7M. Annual income is reported at $91K. Total assets have grown from $1.3M in 2011 to $1.7M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Abg Chesed Foundation Inc. has made 4 grants totaling $131K, with a median grant of $23K. Annual giving has grown from $29K in 2020 to $68K in 2023. Individual grants have ranged from $17K to $68K, with an average award of $33K. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Abg Chesed Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NY.
Abg Chesed Foundation Inc. has distributed a total of $131K across 4 grants. The median grant size is $23K, with an average of $33K. Individual grants have ranged from $17K to $68K.
Abg Chesed Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Abg Chesed Foundation Inc. is headquartered in BROOKLYN, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Abraham Gross | PRESIDENT | $0 | $0 | N/A |
| Brenda Gross | TREASURER | $0 | $0 | N/A |
Total Giving
$79K
Total Assets
$1.7M
Fair Market Value
$1.7M
Net Worth
$1.7M
Grants Paid
$68K
Contributions
$26K
Net Investment Income
$9K
Distribution Amount
$79K
Total: $575K
Total Grants
4
Total Giving
$131K
Average Grant
$33K
Median Grant
$23K
Unique Recipients
1
Most Common Grant
$17K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See ScheduleSEE SCHEDULE | See Schedule, NY | $68K | 2023 |