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Ace Foundation Inc

Brooklyn, NY Tax ID: 11-3237003

Ace Foundation Inc, based in Brooklyn, NY, supports educational and religious initiatives, particularly in Judaism, with assets of $18.8 million and focuses its funding within Brooklyn.

About Ace Foundation Inc

Comprehensive foundation profile based on the most recent IRS Form 990 filing

Ace Foundation Inc, located in Brooklyn, NY, is a foundation with assets totaling $18,801,795. The foundation's expenses amount to $1,225,437, while its revenue is $346,228. Ace Foundation focuses on funding initiatives in education, particularly in elementary, secondary, graduate, and professional education, as well as religious studies, with an emphasis on Judaism and theology. The foundation primarily funds projects within Brooklyn, NY. The leadership team includes Aaron Elbogen as President and Chaya Elbogen as Vice President, both of whom work voluntarily without compensation.

Focus Areas

EducationElementary and secondary educationGraduate and professional educationReligionJudaismTheology- Less

Geographic Focus

NY

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Key Statistics
Total Assets $18.8M
Total Awarded This Year $1.2M
Average Grant Size $5K
Total Grants (Previous Year) 0
Open to New Applicants
% New Applicants Funded
Contact Information
Brooklyn, NY
Geographic Funding Distribution

Financials

Total Assets
$18.8M

+2.6% from previous year

Annual Grants
$1.2M

1 grants awarded in 2024

Expense Ratio
353.9%

Of total revenue spent on programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$1,212,759Statement 7General Operating BudgetBrooklyn, NY, US2024

People

Leadership & Staff

Compensation data from most recent available 990 forms

AE

Aaron Elbogen

President

$0 2024
CE

Chaya Elbogen

Vice Pres.

$0 2024
Showing 2 of 2 leadership and staff members

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025

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