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The Kw Fund Inc. is a private corporation based in BROOKLYN, NY. The foundation received its IRS ruling in 1978. The principal officer is Lou Wallerstein. It holds total assets of $3.7M. Annual income is reported at $1.1M. Total assets have grown from $929K in 2010 to $3.7M in 2022. 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 2023. According to available records, The Kw Fund Inc. has made 8 grants totaling $2.3M, with a median grant of $108K. Annual giving has grown from $206K in 2021 to $704K in 2023. Grantmaking activity was highest in 2022 with $1.4M distributed across 4 grants. Individual grants have ranged from $34K to $666K, with an average award of $289K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Massachusetts and New York. Contributions to this foundation are tax-deductible.
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 Kw Fund Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in MA, NY.
The Kw Fund Inc. has distributed a total of $2.3M across 8 grants. The median grant size is $108K, with an average of $289K. Individual grants have ranged from $34K to $666K.
The Kw Fund Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Kw Fund Inc. is headquartered in BROOKLYN, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Shmuel Wallerstein | Director | $0 | $0 | N/A |
| Chanie Wallerstein | Director | $0 | $0 | N/A |
| Fraida Chayn | Director | $0 | $0 | N/A |
Total Giving
$707K
Total Assets
$3.7M
Fair Market Value
$3.7M
Net Worth
$3.7M
Grants Paid
$704K
Contributions
$260K
Net Investment Income
$1M
Distribution Amount
$171K
Total Grants
8
Total Giving
$2.3M
Average Grant
$289K
Median Grant
$108K
Unique Recipients
4
Most Common Grant
$657K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Fidelity CharitableTo further exempt purpose | Boston, MA | $666K | 2023 |
| The Ojc FundTo further exempt purpose | Brooklyn, NY | $38K | 2023 |
| Fidelity Investment Charitable Gift FundTo futher exempt purpose | Boston, MA | $172K | 2021 |
| Ojc FundTo futher exempt purpose | Brooklyn, NY | $34K | 2021 |