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Y&B Memorial Fund is a private trust based in BROOKLYN, NY. The foundation received its IRS ruling in 2020. It holds total assets of $187K. Annual income is reported at $101K. Total assets have grown from N/A in 2019 to $186K in 2023. The foundation is governed by 3 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 2020 to 2023. According to available records, Y&B Memorial Fund has made 9 grants totaling $38K, with a median grant of $5K. Annual giving has decreased from $22K in 2022 to $16K in 2023. Individual grants have ranged from $1K to $8K, with an average award of $4K. 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.
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.
Y&B Memorial Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in NY, NJ.
Y&B Memorial Fund has distributed a total of $38K across 9 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $1K to $8K.
Y&B Memorial Fund typically selects its grantees rather than accepting unsolicited proposals.
Y&B Memorial Fund is headquartered in BROOKLYN, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Judy Strauss | Trustee | $0 | $0 | N/A |
| Irwin Strauss | Trustee | $0 | $0 | N/A |
| Magda Strauss | Trustee | $0 | $0 | N/A |
Total Giving
$21K
Total Assets
$186K
Fair Market Value
$190K
Net Worth
$186K
Grants Paid
$16K
Contributions
N/A
Net Investment Income
$5K
Distribution Amount
$9K
Total Grants
9
Total Giving
$38K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
5
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ohr Shraga VeretzkyCHARITABLE | Lakewood, NJ | $8K | 2023 |
| Various Charitable OrganizationsCHARITABLE | Brooklyn, NY | $7K | 2023 |
| Nechomas YisroelCHARITABLE | Brooklyn, NY | $1K | 2023 |
| American Friends Of Bet ElazrakiCHARITABLE | Teaneck, NJ | $5K | 2022 |
| Chedvat Neurim FoundationCHARITABLE | Brooklyn, NY | $5K | 2022 |