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Albert F Schenck 8 61621 Nect is a private 6 based in PITTSBURGH, PA. The foundation received its IRS ruling in 2006. The principal officer is Pnc Bank. It holds total assets of $2M. Annual income is reported at $650K. Total assets have grown from $1.2M in 2011 to $2.1M in 2023. The foundation is governed by 1 officer or trustee. 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, Albert F Schenck 8 61621 Nect has made 4 grants totaling $445K, with a median grant of $110K. The foundation has distributed between $107K and $118K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $118K distributed across 1 grants. Individual grants have ranged from $107K to $118K, with an average award of $111K. Grant recipients are concentrated in Pennsylvania.
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.
Albert F Schenck 8 61621 Nect is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in PA.
Albert F Schenck 8 61621 Nect has distributed a total of $445K across 4 grants. The median grant size is $110K, with an average of $111K. Individual grants have ranged from $107K to $118K.
Albert F Schenck 8 61621 Nect typically selects its grantees rather than accepting unsolicited proposals.
Albert F Schenck 8 61621 Nect is headquartered in PITTSBURGH, PA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Pnc Bank Na | TRUSTEE | $29K | $0 | $29K |
Total Giving
$137K
Total Assets
$2.1M
Fair Market Value
$2.2M
Net Worth
$2.1M
Grants Paid
$107K
Contributions
N/A
Net Investment Income
$23K
Distribution Amount
$103K
Total Grants
4
Total Giving
$445K
Average Grant
$111K
Median Grant
$110K
Unique Recipients
1
Most Common Grant
$118K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Germantown HomeGENERAL SUPPORT | Philadelphia, PA | $107K | 2023 |