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J Korber Foundation Inc. is a private association based in ALBUQUERQUE, NM. The foundation received its IRS ruling in 0000. It holds total assets of $1.6M. Annual income is reported at $158K. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. Grantmaking is concentrated in New Mexico. According to available records, J Korber Foundation Inc. has made 18 grants totaling $380K, with a median grant of $14K. Annual giving has decreased from $160K in 2022 to $110K in 2024. Individual grants have ranged from $5K to $100K, with an average award of $21K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$14K
Average Grant
$18K
Largest Grant
$50K
Based on 6 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.
J Korber Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in NM.
J Korber Foundation Inc. has distributed a total of $380K across 18 grants. The median grant size is $14K, with an average of $21K. Individual grants have ranged from $5K to $100K.
J Korber Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
J Korber Foundation Inc. is headquartered in ALBUQUERQUE, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jessica Montoya | President | $0 | $0 | N/A |
| Julia A Elstner | Vice-Pres | $0 | $0 | N/A |
| Jacob Montoya | Director | $0 | $0 | N/A |
Total Giving
$134K
Total Assets
$1.6M
Fair Market Value
$2.3M
Net Worth
$1.6M
Grants Paid
$110K
Contributions
N/A
Net Investment Income
$117K
Distribution Amount
$104K
Total Grants
18
Total Giving
$380K
Average Grant
$21K
Median Grant
$14K
Unique Recipients
6
Most Common Grant
$17K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| HopeworksAssisting the homeless | Albuquerque, NM | $50K | 2024 |
| Women'S Community AssociationFamily Shelter/Counseling | Albuquerque, NM | $20K | 2024 |
| Sandia Preparatory SchoolEducation | Albuquerque, NM | $17K | 2024 |
| Cuidando Los NinosChildcare & Support Services for Homeless Families | Albuquerque, NM | $10K | 2024 |
| Casa AngelicaAssisting developmentally disabled youth. | Albuquerque, NM | $8K | 2024 |
| Manzano Day SchoolEducation | Albuquerque, NM | $5K | 2024 |