Ace Foundation Inc
Preselected recipients only
Ace Foundation Inc is a private foundation in Brooklyn, New York. In tax year 2023 it gave $878,294 in 1 grant; the typical grant was $878,294 and the largest $878,294. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2023.
- Grants paid, 2023$878,294
- Number of grants1
- Typical grant$878,294
- Largest grant$878,294
- Assets$18.3 million
- New grantees0%
Giving in 2023 was down from $1.2 million the year before.
0% of its 2023 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2020 | $2.9 million | 1 | $21.0 million |
| 2021 | $3.2 million | 1 | $19.3 million |
| 2022 | $1.2 million | 1 | $18.7 million |
| 2023 | $878,294 | 1 | $18.3 million |
How to apply
Ace Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Where it gives
All of its grants went to recipients in New York.
| State | Grants | Amount |
|---|---|---|
| New York | 1 | $878,294 |
Grants paid in 2023
| Recipient | Purpose | Amount |
|---|---|---|
| Statement 7 | General Operating Budget | $878,294 |
Officers and trustees
- Aaron Elbogen
- Chaya Elbogen
Questions people ask
Does Ace Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Ace Foundation Inc give?
$878,294 in tax year 2023, across 1 grant, with a typical grant of $878,294.
Who runs Ace Foundation Inc?
Its 2023 filing lists Aaron Elbogen (President) and Chaya Elbogen (Vice Pres.).