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Light Foundation Inc. is a private corporation based in LAKEWOOD, NJ. The foundation received its IRS ruling in 2009. The principal officer is Meir Shraga Gelley. It holds total assets of $24K. Annual income is reported at $140K. Total assets have decreased from $65K in 2011 to $24K in 2024. The foundation is governed by 1 officer or trustee. Educational, religious, and charitable. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in New Jersey, New York and Illinois. According to available records, Light Foundation Inc. has made 14 grants totaling $481K, with a median grant of $10K. Individual grants have ranged from $2K to $125K, with an average award of $34K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in New Jersey and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$14K
Average Grant
$19K
Largest Grant
$58K
Based on 6 grants from the most recent 990-PF filing.
Educational, religious, and charitable
Expenses: $241K
Educational, religious, and charitable. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in NJ, NY.
Light Foundation Inc. has distributed a total of $481K across 14 grants. The median grant size is $10K, with an average of $34K. Individual grants have ranged from $2K to $125K.
Light Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Light Foundation Inc. is headquartered in LAKEWOOD, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meir Gelley | PRES | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$24K
Fair Market Value
N/A
Net Worth
$24K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
14
Total Giving
$481K
Average Grant
$34K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Donors FundEDUCATIONAL, RELIGIOUS AND CHARITABLE | Lakewood, NJ | $125K | 2022 |
| Yeshiva Shaarei ChochmaEDUCATIONAL, RELIGIOUS, AND CHARITABLE | Jerusalem | $84K | 2022 |
| Friends Of Torah InstitutionsEDUCATIONAL, RELIGIOUS AND CHARITABLE | Brooklyn, NY | $10K | 2022 |
| Cong Ahavas Tzedoko VchesedEDUCATIONAL, RELIGIOUS AND CHARITABLE | Brooklyn, NY | $10K | 2022 |
| Cong Shaarei TevunaEDUCATIONAL, RELIGIOUS AND CHARITABLE | Lakewood, NJ | $5K | 2022 |
| Cheder Toras ZevRELIGIOUS AND EDUCATIONAL | Lakewood, NJ | $5K | 2022 |
| Bais Medrash Zichron MeirRELIGIOUS AND CHARITABLE | Lakewood, NJ | $2K | 2022 |