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Also known as: FOUNDATION
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Joseph Novakoff Charitable Foundation is a private trust based in WESTON, MA. The foundation received its IRS ruling in 1995. It holds total assets of $257K. Annual income is reported at $14K. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Massachusetts and Arizona. According to available records, Joseph Novakoff Charitable Foundation has made 22 grants totaling $89K, with a median grant of $2K. Annual giving has decreased from $33K in 2021 to $20K in 2023. Grantmaking activity was highest in 2022 with $36K distributed across 8 grants. Individual grants have ranged from $336 to $20K, with an average award of $4K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Massachusetts and Arizona and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$583
Average Grant
$2K
Largest Grant
$9K
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.
Joseph Novakoff Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in MA, AZ, CA.
Joseph Novakoff Charitable Foundation has distributed a total of $89K across 22 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $336 to $20K.
No restrictions, except it must be a tax-exempt charitable organization.
Joseph Novakoff Charitable Foundation is headquartered in WESTON, MA. While based in MA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen Novakoff | TRUSTEE | $0 | $0 | N/A |
| Karen Novakoff | TRUSTEE | $0 | $0 | N/A |
Total Giving
$25K
Total Assets
$272K
Fair Market Value
$273K
Net Worth
$272K
Grants Paid
$20K
Contributions
N/A
Net Investment Income
$12K
Distribution Amount
$14K
Total: $148K
Total Grants
22
Total Giving
$89K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
12
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hebrew Senior LifePHILANTHROPIC | Roslindale, MA | $10K | 2023 |
| Temple EmanuelPHILANTHROPIC | Newton, MA | $7K | 2023 |
| Combined Jewish PhilanthropiesPHILANTHROPIC | Boston, MA | $2K | 2023 |
| Newton Wellesley Hospital FundPHILANTHROPIC | Newton, MA | $1K | 2023 |
| Sinai TemplePHILANTHROPIC | Los Angeles, CA | $336 | 2023 |
| Young Israel Of ScottsdaleCHARITABLE | Phoenix, AZ | $4K | 2022 |
| Congregation Beth El Atereth IsraelCHARITABLE | Newton, MA | $2K | 2022 |
| Friendship Circle Of ArizonaCHARITABLE | Phoenix, AZ | $500 | 2022 |
| Makor SynagogueCHARITABLE | Scottsdale, AZ | $5K | 2021 |
| Friends Of The ChildrenCHARITABLE | Boston, MA | $1K | 2021 |
| Beth El CongregationCHARITABLE | Phoenix, AZ | $650 | 2021 |
| Chabad Lubavich Of ArizonaCHARITABLE | Phoenix, AZ | $500 | 2021 |