Aic Charity Foundation Inc
Preselected recipients only
Aic Charity Foundation Inc is a private foundation in Valley Stream, New York. In tax year 2024 it gave $100,000 in 1 grant; the typical grant was $100,000 and the largest $100,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$100,000
- Number of grants1
- Typical grant$100,000
- Largest grant$100,000
- Assets$212,351
- New grantees100%
Giving in 2024 was up from $20,000 the year before.
100% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $20,000 | 2 | $292,451 |
| 2024 | $100,000 | 1 | $212,351 |
How to apply
Aic Charity 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.
What Aic Charity Foundation Inc funds
Where it gives
All of its grants went to recipients in New Jersey.
| State | Grants | Amount |
|---|---|---|
| New Jersey | 1 | $100,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Keren Olam Hatorah | Religious assistance | $100,000 |
Officers and trustees
- Yisroel Chafetz
- Adina Chafetz
- Sheldon Chafetz
Questions people ask
Does Aic Charity Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Aic Charity Foundation Inc give?
$100,000 in tax year 2024, across 1 grant, with a typical grant of $100,000.
Who runs Aic Charity Foundation Inc?
Its 2024 filing lists Yisroel Chafetz (President & CEO), Adina Chafetz (Treasurer) and Sheldon Chafetz (Secretary).
What does Aic Charity Foundation Inc fund?
Based on its grants, mainly faith communities.