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Ace Foundation Inc. is a private corporation based in BROOKLYN, NY. The foundation received its IRS ruling in 1995. It holds total assets of $18.5M. Annual income is reported at $536K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Ace Foundation Inc. has made 3 grants totaling $7.4M, with a median grant of $2.9M. Annual giving has decreased from $2.9M in 2021 to $1.2M in 2023. Grantmaking activity was highest in 2022 with $3.2M distributed across 1 grants. Individual grants have ranged from $1.2M to $3.2M, with an average award of $2.5M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Ace Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NY.
Ace Foundation Inc. has distributed a total of $7.4M across 3 grants. The median grant size is $2.9M, with an average of $2.5M. Individual grants have ranged from $1.2M to $3.2M.
Ace Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ace Foundation Inc. is headquartered in BROOKLYN, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Aaron Elbogen | President | $0 | $0 | $0 |
| Chaya Elbogen | Vice Pres. | $0 | $0 | $0 |
Total Giving
$1.2M
Total Assets
$18.8M
Fair Market Value
$18.7M
Net Worth
$18.8M
Grants Paid
$1.2M
Contributions
$300K
Net Investment Income
$35K
Distribution Amount
$947K
Total: $137K
Total Grants
3
Total Giving
$7.4M
Average Grant
$2.5M
Median Grant
$2.9M
Unique Recipients
2
Most Common Grant
$1.2M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Statement 7General Operating Budget | Brooklyn, NY | $1.2M | 2023 |
| Statement 9General Operating Budget | Brooklyn, NY | $3.2M | 2022 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
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