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The Achim Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2015. The principal officer is Foundation Source. It holds total assets of $1.8M. Annual income is reported at $400K. Total assets have grown from $211K in 2014 to $1.8M in 2023. The foundation is governed by 1 officer or trustee. 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 2023. The foundation primarily funds organizations in New York and New Jersey. According to available records, The Achim Family Foundation has made 12 grants totaling $293K, with a median grant of $18K. Annual giving has grown from $79K in 2020 to $214K in 2022. Individual grants have ranged from $5K to $60K, with an average award of $24K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in New York and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$16K
Average Grant
$20K
Largest Grant
$43K
Based on 4 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.
The Achim Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NY, NJ.
The Achim Family Foundation has distributed a total of $293K across 12 grants. The median grant size is $18K, with an average of $24K. Individual grants have ranged from $5K to $60K.
The Achim Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Achim Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Chaim Wasserman | Pres, Dir, Sec, Treas | $0 | $0 | N/A |
Total Giving
$134K
Total Assets
$1.8M
Fair Market Value
$2.5M
Net Worth
$1.8M
Grants Paid
$103K
Contributions
$25K
Net Investment Income
$85K
Distribution Amount
$113K
Total Grants
12
Total Giving
$293K
Average Grant
$24K
Median Grant
$18K
Unique Recipients
5
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jewish Communal FundGeneral & Unrestricted (SEE GENERAL EXPLANATION ATTACHMENT) | New York, NY | $60K | 2022 |
| Beis Menachem Mendel Of FlatbushGeneral & Unrestricted | Brookly, NY | $27K | 2022 |
| Friendship Circle Of The Five Towns IncGeneral & Unrestricted | Cedarhurst, NY | $10K | 2022 |
| Gemach Zichron Moshe IncGeneral & Unrestricted | Passaic, NJ | $6K | 2020 |
| Beis GavrielGeneral & Unrestricted | Monsey, NY | $5K | 2020 |