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Genie Foundation Inc. is a private corporation based in NEWTON, MA. The foundation received its IRS ruling in 2019. It holds total assets of $9.2M. Annual income is reported at $1.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Genie Foundation Inc. has made 18 grants totaling $1.5M, with a median grant of $58K. Annual giving has decreased from $850K in 2021 to $367K in 2023. Individual grants have ranged from $20K to $230K, with an average award of $84K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in North Carolina, District of Columbia, New York, which account for 56% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Genie Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in NC, DC, NY.
Genie Foundation Inc. has distributed a total of $1.5M across 18 grants. The median grant size is $58K, with an average of $84K. Individual grants have ranged from $20K to $230K.
Genie Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Genie Foundation Inc. is headquartered in NEWTON, MA. While based in MA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christine Strossman | PRESIDENT | $0 | $0 | $0 |
| Berkay Mollamustafagolu | TREASURER | $0 | $0 | $0 |
Total Giving
$464K
Total Assets
$9.4M
Fair Market Value
$11.9M
Net Worth
$9.4M
Grants Paid
$367K
Contributions
$0
Net Investment Income
$402K
Distribution Amount
$526K
Total: $5.9M
Total Grants
18
Total Giving
$1.5M
Average Grant
$84K
Median Grant
$58K
Unique Recipients
15
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bridge Turklye FundGENERAL SUPPORT | Cary, NC | $230K | 2023 |
| Turkiye ErozyonlaGENERAL SUPPORT | Istanbul | $67K | 2023 |
| Yuva DernegiGENERAL SUPPORT | San Fancisco, CA | $50K | 2023 |
| Butun Cocuklar Bizim DernegiGENERAL SUPPORT | Izmir | $20K | 2023 |
| GlobalgivingGENERAL SUPPORT | Washington, DC | $200K | 2021 |
| GivedirectlyGENERAL SUPPORT |
| New York, NY |
| $100K |
| 2021 |
| AmericaresGENERAL SUPPORT | Standford, CT | $100K | 2021 |
| Doctors Without Borders Usa IncGENERAL SUPPORT | New York, NY | $100K | 2021 |
| American Civil Liberties Union Foundation IncGENERAL SUPPORT | New York, NY | $50K | 2021 |
| Fistula FoundationGENERAL SUPPORT | San Jose, CA | $50K | 2021 |
| Populations Services IntlGENERAL SUPPORT | Washington, DC | $50K | 2021 |
| Arlington Food Assistance CenterGENERAL SUPPORT | Arlington, VA | $30K | 2021 |
| Doorways For Women And FamiliesGENERAL SUPPORT | Arlington, VA | $30K | 2021 |
| Polaris ProjectGENERAL SUPPORT | Washington, DC | $20K | 2021 |
| PathforwardGENERAL SUPPORT | Arlington, VA | $20K | 2021 |
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