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Rocket Foundation is a private corporation based in TOMS RIVER, NJ. The foundation received its IRS ruling in 2007. The principal officer is Shlomo Isaacson. It holds total assets of $397K. Annual income is reported at $86K. Total assets have grown from $73K in 2011 to $411K in 2023. The foundation is governed by 2 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 2015 to 2023. Grantmaking is concentrated in New Jersey. According to available records, Rocket Foundation has made 11 grants totaling $128K, with a median grant of $8K. The foundation has distributed between $60K and $68K annually from 2022 to 2023. Individual grants have ranged from $2K to $45K, with an average award of $12K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in New Jersey and New York and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$8K
Median Grant
$14K
Average Grant
$18K
Largest Grant
$31K
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.
Rocket Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in NJ, NY, PA.
Rocket Foundation has distributed a total of $128K across 11 grants. The median grant size is $8K, with an average of $12K. Individual grants have ranged from $2K to $45K.
Rocket Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rocket Foundation is headquartered in TOMS RIVER, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Shlomo Isaacson | Trustee | $0 | $0 | N/A |
| Rachel Isaacson | Trustee | $0 | $0 | N/A |
Total Giving
$68K
Total Assets
$411K
Fair Market Value
$411K
Net Worth
$408K
Grants Paid
$68K
Contributions
$30K
Net Investment Income
$21K
Distribution Amount
$20K
Total: $318K
Total Grants
11
Total Giving
$128K
Average Grant
$12K
Median Grant
$8K
Unique Recipients
8
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bais Medrash East FifthCharitable | Lakewood, NJ | $45K | 2023 |
| Keren Ha'Air Zichron YisroelCHARITABLE | Lakewood, NJ | $11K | 2023 |
| Various Charitable InstitutionsCHARITABLE | Toms River, NJ | $10K | 2023 |
| Khal Toms RiverCHARITABLE | Toms River, NJ | $2K | 2023 |
| Cong Forest GlenCharitable | Lakewood, NJ | $7K | 2022 |
| Keren HachesedCHARITABLE | Brooklyn, NY | $4K | 2022 |
| Kahal Tefilo LemosheCHARITABLE | Brooklyn, NY | $4K | 2022 |
| Congregation Beth SolomonCharitable | Philadelphia, PA | $2K | 2022 |