Public Charity

IBG FOUNDATION INC

IBG FOUNDATION INC, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $466K in revenue, $39K in expenses, $427K in total assets. 5 publicly reported grants to this organization, totaling roughly $236K, appear in IRS filings.

EIN: 991169421 NEW YORK, NY Latest filing: 2024
Total Revenue$466K
Total Expenses$39K
Total Assets$427K
Grant Records5
Funding Total$236K
Filing Years2024

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES FACING SERIOUS ILLNESSES. IT COVERS MEDICAL AND LIVING COSTS DURING TREATMENTS, SURGERIES, AND RECOVERY, AND OFFERS MONETARY AWARDS FOR FUNERAL-RELATED EXPENSES. THE NONPROFIT ALSO GRANTS EDUCATIONAL SCHOLARSHIPS TO THOSE PURSUING CAREER ADVANCEMENT, COVERING COSTS FOR ATTENDING FOUR-YEAR AND TWO-YEAR COLLEGES, TRADE AND VOCATIONAL SCHOOLS, CERTIFICATIONS, AND OTHER EDUCATIONAL OPPORTUNITIES. THE MAIN TARGET FOR THE SCHOLARSHIPS IS SECONDARY STUDENTS NEARING GRADUATION, ALTHOUGH OTHERS CAN APPLY.

Officers & Directors

SECRETARY Gene Bernstein
TREASURER Michael Graff
PRESIDENT Thomas Iovino

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$150,000 2 grants
For grant recipient's exempt purposes
$56,500 1 grant
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
$25,000 1 grant
UNRESTRICTED GENERAL SUPPORT
$5,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $466K $39K $427K

Interactive year-over-year charts and full filing details available with membership.

See the full picture for IBG FOUNDATION INC

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