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Gela Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2012. The principal officer is Goldburd & Co Llp. It holds total assets of $471K. Annual income is reported at $357K. Total assets have decreased from $1.3M in 2010 to $401K in 2023. The foundation is governed by 3 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 2016 to 2023. The foundation primarily funds organizations in New York and New Jersey. According to available records, Gela Foundation Inc. has made 47 grants totaling $1.1M, with a median grant of $3K. The foundation has distributed between $488K and $605K annually from 2022 to 2023. Individual grants have ranged from $360 to $360K, with an average award of $23K. The foundation has supported 21 unique organizations. Grants have been distributed to organizations in New York and New Jersey and Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$5K
Largest Grant
$15K
Based on 12 grants from the most recent 990-PF filing.
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.
Gela Foundation Inc. 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 NY, NJ, MN.
Gela Foundation Inc. has distributed a total of $1.1M across 47 grants. The median grant size is $3K, with an average of $23K. Individual grants have ranged from $360 to $360K.
Gela Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Gela Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Baila Wald | DIRECTOR | $0 | $0 | N/A |
| Joseph Greenfeld | DIRECTOR | $0 | $0 | N/A |
| Joseph Goldburd | DIRECTOR | $0 | $0 | N/A |
Total Giving
$490K
Total Assets
$401K
Fair Market Value
$401K
Net Worth
$401K
Grants Paid
$488K
Contributions
$350K
Net Investment Income
$9K
Distribution Amount
$16K
Total Grants
47
Total Giving
$1.1M
Average Grant
$23K
Median Grant
$3K
Unique Recipients
21
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Davis Memorial FoundationCHARITABLE | Lawrence, NY | $360K | 2023 |
| The Tzedakah FundCHARITABLE | New York, NY | $50K | 2023 |
| Congregation Kahal TarnopolCHARITABLE | Brooklyn, NY | $29K | 2023 |
| Tomche ShabbosCHARITABLECHARITABLE | Brooklyn, NY | $10K | 2023 |
| Congregation Ohel Moshe Chevra Thilim LubavitchCHARITABLE | Brooklyn, NY | $9K | 2023 |
| Congregation Ahavas DovidCHARITABLE | Brooklyn, NY | $8K | 2023 |
| Congregation Nitei GavrielCHARITABLE | Brooklyn, NY | $5K | 2023 |
| Congregation Tzidkas RuchelCHARITABLE | Lakewood, NJ | $5K | 2023 |
| Congregation Adas YereimCHARITABLE | Kew Gardens, NY | $4K | 2023 |
| Congregation Shomre Shabes Anshei SefardCHARITABLE | Brooklyn, NY | $3K | 2023 |
| Congregation Kedushas LevyCHARITABLE | Brooklyn, NY | $2K | 2023 |
| Pk Torah CenterCHARITABLE | Brooklyn, NY | $1K | 2023 |
| Yeshiva Toras MenachemCHARITABLE | Lakewood, NJ | $1K | 2023 |
| Yeshiva Of MinneapolisCHARITABLE | Minneapolis, MN | $1K | 2023 |
| Congregation Beth RopshitzCHARITABLE | Brooklyn, NY | $360 | 2023 |
| Congregation Damesek Eliezer Beth TorahCHARITABLE | Brooklyn, NY | $360 | 2023 |
| Congregation Beth JacobCHARITABLE | Brooklyn, NY | $360 | 2023 |
| Kolel Shomre Hachomos Reb Meir Baal HanessCHARITABLECHARITABLE | Brooklyn, NY | $15K | 2022 |
| Tzidkas RachelCHARITABLE | Brooklyn, NY | $1K | 2022 |
| Mesamche LevCHARITABLE | Brooklyn, NY | $1K | 2022 |
| Congregation Lev HoariCHARITABLE | Brooklyn, NY | $1K | 2022 |