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Chesed Foundation Of America is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1998. The principal officer is Sabr Group. It holds total assets of $250M. Annual income is reported at $163.9M. Total assets have grown from $156.1M in 2011 to $250M in 2024. The foundation is governed by 4 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 2021 to 2024. According to available records, Chesed Foundation Of America has made 4 grants totaling $28.7M, with a median grant of $6.2M. Annual giving has grown from $2.7M in 2021 to $18M in 2023. Individual grants have ranged from $2.7M to $13.5M, with an average award of $7.2M. The foundation has supported 2 unique organizations. 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.
Chesed Foundation Of America 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.
Chesed Foundation Of America has distributed a total of $28.7M across 4 grants. The median grant size is $6.2M, with an average of $7.2M. Individual grants have ranged from $2.7M to $13.5M.
Chesed Foundation Of America typically selects its grantees rather than accepting unsolicited proposals.
Chesed Foundation Of America is headquartered in NEW YORK, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| George Karfunkel | President | $0 | $0 | N/A |
| Rene Karfunkel | Vice President | $0 | $0 | N/A |
| Henry Reinhold | Vice President | $0 | $0 | N/A |
| Bernard Karfunkel | Trustee | $0 | $0 | N/A |
Total Giving
$3.8M
Total Assets
$250M
Fair Market Value
N/A
Net Worth
$250M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$8.8M
Distribution Amount
$11.2M
Total Grants
4
Total Giving
$28.7M
Average Grant
$7.2M
Median Grant
$6.2M
Unique Recipients
2
Most Common Grant
$13.5M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Congregation Chemdas Yisroel IncAMOUNTS ARE GIVEN TO COVER OPERATING EXPENSES FOR SCHOOLS AND SYNAGOGUES AS WELL AS EDUCATIONAL SCHOLARSHIPS AND ASSISTANCE TO THE NEEDY. | Brooklyn, NY | $13.5M | 2023 |
| See Attached ScheduleAMOUNTS ARE GIVEN TO COVER OPERATING EXPENSES FOR SCHOOLS AND SYNAGOGUES AS WELL AS EDUCATIONAL SCHOLARSHIPS AND ASSISTANCE TO THE NEEDY. | New York, NY | $4.5M | 2023 |