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Best Of Chai Corp is a private corporation based in SOMERS POINT, NJ. The foundation received its IRS ruling in 2018. The principal officer is % Larry Horowitz. It holds total assets of $4.7M. Annual income is reported at $1.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Best Of Chai Corp has made 47 grants totaling $1.5M, with a median grant of $25K. The foundation has distributed between $228K and $506K annually from 2020 to 2024. Grantmaking activity was highest in 2023 with $506K distributed across 20 grants. Individual grants have ranged from $4K to $95K, with an average award of $32K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in New Jersey and New York and Florida. Contributions to this foundation are tax-deductible.
Best Of Chai Corp primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 47 grants. Its grantmaking reaches organizations primarily in NJ, NY, FL.
Best Of Chai Corp has distributed a total of $1.5M across 47 grants. The median grant size is $25K, with an average of $32K. Individual grants have ranged from $4K to $95K.
Best Of Chai Corp typically selects its grantees rather than accepting unsolicited proposals.
Best Of Chai Corp is headquartered in SOMERS POINT, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Maury Blumberg | TRUSTEE | $0 | $0 | $0 |
| Martin Wood | TRUSTEE | $0 | $0 | $0 |
| Herb Stern | TRUSTEE | $0 | $0 | $0 |
| Kenneth Mackler | TRUSTEE | $0 | $0 | $0 |
| Robert Kiejdan | TRUSTEE | $0 | $0 | $0 |
| Heidi Mae |
Total Giving
$276K
Total Assets
$4.5M
Fair Market Value
$4.5M
Net Worth
$4.5M
Grants Paid
$228K
Contributions
$0
Net Investment Income
$172K
Distribution Amount
$216K
Total: $3.8M
Total Grants
47
Total Giving
$1.5M
Average Grant
$32K
Median Grant
$25K
Unique Recipients
12
Most Common Grant
$18K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jewish Family ServiceUNRESTRICTED | Margate, NJ | $48K | 2024 |
| Jewish Older Adult Services Of Atlantic CountyUNRESTRICTED | Atlantic City, NJ | $36K | 2024 |
| Jewish Community Center Of MargateUNRESTRICTED | Margate, NJ | $36K | 2024 |
| Friends Of The Israel Defense ForcesUNRESTRICTED | New York, NY | $20K | 2024 |
| Community Food Bank Of Nj IncUNRESTRICTED | Hillside, NJ | $18K | 2024 |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| Louis Blumberg | TRUSTEE | $0 | $0 | $0 |
| 2020 | 990PF | View |
| 2019 | 990PF | View |
| AlcoveUNRESTRICTED | Northfield, NJ | $18K | 2024 |
| Birthright Israel FoundationUNRESTRICTED | New York, NY | $18K | 2024 |
| Sister Jeans KitchenUNRESTRICTED | Atlantic City, NJ | $18K | 2024 |
| Jafco-Jewish AdoptoinUNRESTRICTED | Sunrise, FL | $8K | 2024 |
| Big Brothers & SistersUNRESTRICTED | Northfield, NJ | $8K | 2024 |
| Boys & Girls Club Of Atlantic CityUNRESTRICTED | Atlantic City, NJ | — | 2024 |
| Rotary Club Of Atlantic City Scholarship FundUnrestricted | Absecon, NJ | $4K | 2020 |
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