Kitov Foundation

Organization Overview

Kitov Foundation is located in Monsey, NY. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitov Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Kitov Foundation generated $198.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $460.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL


REVENUE CODE SECTION 501(C)(3).


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Board, Officers & Key Employees

Name (title)Compensation
Jacob Z Schuster
Trustee
$0
Diane T Schuster
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $50,000
Interest on Savings $109
Dividends & Interest $95,755
Net Rental Income$0
Net Gain on Sale of Assets $37,117
Capital Gain Net Income $37,117
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $15,227
Total Revenue $198,208

Peer Organizations

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