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Also known as: C/O MERCADIEN
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Aks Foundation Inc. is a private corporation based in HAMILTON, NJ. The foundation received its IRS ruling in 2007. It holds total assets of $651K. Annual income is reported at $275K. Total assets have decreased from $786K in 2011 to $477K in 2023. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Aks Foundation Inc. has made 7 grants totaling $72K, with a median grant of $10K. Annual giving has grown from $11K in 2020 to $44K in 2023. Individual grants have ranged from $500 to $25K, with an average award of $10K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in New Jersey, Georgia, Indiana, which account for 86% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Aks Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NJ, GA, IN.
Aks Foundation Inc. has distributed a total of $72K across 7 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $500 to $25K.
Aks Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Aks Foundation Inc. is headquartered in HAMILTON, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Matt Clark | TRUSTEE | $0 | $0 | N/A |
| Douglas Kuniansky | TREASURER | $0 | $0 | N/A |
| Jeremy Hofmann | TRUSTEE | $0 | $0 | N/A |
| Maryjane Marcasiano | TRUSTEE | $0 | $0 | N/A |
| Rachel Varon | SECRETARY | $0 | $0 | N/A |
| Amy Smith | PRESIDENT | $0 | $0 | N/A |
| Julianna Hofmann | TRUSTEE | $0 | $0 | N/A |
Total Giving
$53K
Total Assets
$477K
Fair Market Value
$1.1M
Net Worth
$477K
Grants Paid
$44K
Contributions
N/A
Net Investment Income
$110K
Distribution Amount
$45K
Total Grants
7
Total Giving
$72K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
5
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mjcca Marcus Jewish Community Center Of AtlantaFOR KUNIANSKY BUILDING | Atlanta, GA | $25K | 2023 |
| NjtlUNRESTRICTED SUPPORT | Trenton, NJ | $19K | 2023 |
| New Hope For FamiliesUNRESTRICTED SUPPORT | Bloomington, IN | $5K | 2022 |
| Jewish Federation Of Greater SeattleUNRESTRICTED SUPPORT | Seattle, WA | $3K | 2022 |
| Planned ParenthoodUNRESTRICTED SUPPORT | Trenton, NJ | $500 | 2020 |