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Igs Foundation Inc. is a private corporation based in BROOKLYN, NY. The foundation received its IRS ruling in 2018. It holds total assets of $198K. Annual income is reported at $79K. Total assets have grown from $117K in 2019 to $198K in 2024. 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 2024. Grantmaking is concentrated in New York. According to available records, Igs Foundation Inc. has made 9 grants totaling $48K, with a median grant of $5K. Annual giving has decreased from $19K in 2020 to $10K in 2022. Individual grants have ranged from $1K to $12K, with an average award of $5K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$6K
Average Grant
$6K
Largest Grant
$8K
Based on 3 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.
Igs Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in NY.
Igs Foundation Inc. has distributed a total of $48K across 9 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $1K to $12K.
Igs Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Igs Foundation Inc. is headquartered in BROOKLYN, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gail Salgo | DIRECTOR | $0 | $0 | N/A |
| Irving Salgo | DIRECTOR | $0 | $0 | N/A |
| Harold Friedman | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$198K
Fair Market Value
N/A
Net Worth
$198K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
9
Total Giving
$48K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
7
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Yeshiva Torah VodaathTO SUPPORTCHARITABLE CAUSES | Brooklyn, NY | $5K | 2022 |
| Congregation Bais Shulim EliezerTO SUPPORT CHARITABLE CAUSES | Brooklyn, NY | $6K | 2021 |
| Khal V'Yoel MosheTO SUPPORT CHARITABLE CAUSES | Brooklyn, NY | $5K | 2021 |
| Congregation T ChemedTO SUPPORT CHARITABLE CAUSES | Brooklyn, NY | $12K | 2020 |
| House Of JacobTO SUPPORTCHARITABLE CAUSES | Brooklyn, NY | $5K | 2020 |
| Kolel Shomrei HachomosTO SUPPORTCHARITABLE CAUSES | Brooklyn, NY | $1K | 2020 |
| Congregation Yad YosefTO SUPPORT CHARITABLE CAUSES | Brooklyn, NY | $1K | 2020 |