OVERVIEW: The IMS Charitable Trust primarily funds grantmaking related to Jewish causes. It also earmarks funds for educational, health and arts institutions.
IP TAKE: The foundation keeps a low public profile, which limits information available on its grantmaking priorities and activities.
PROFILE: The IMS Charitable Trust was established in 2014. The foundation is steered by brothers Darius and Cyrus Sakhai, who steer Sovereign Partners, a real estate investment firm. The foundation does not maintain a website, which makes it difficult to locate further information on its priority areas and grantmaking strategies. According to tax filings, the IMS Charitable Trust primarily funds grantmaking related to Jewish causes. It also earmarks funds for educational, health, and arts institutions.
Cyrus’ wife Marcy is heavily involved with Stephen Gaynor School, an independent Pre-K, Lower, and Middle School for bright students with learning differences, which the family support. Darius, meanwhile, is a member of Congregation Kehilath Jeshurun, another grantee.
Grants range from $100 to $50,350. In a recent fiscal year, the foundation gave away around $251,000. Past grantees have included Persian Jewish Center, Ramaz School, Upper East Side Halzolah, Central Fund of Israel, Long Island Hebrew Academy, Food Allergy Research & Education (FARE), New York Presbyterian, and Untermyer Gardens Conservancy.
The IMS Charitable Trust keeps a low profile and does not accept unsolicited proposals.
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CONTACT:
IMS Charitable Trust
Sovereign Partners 3rd Avenue, 37Fl
New York, NY 10017