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Also known as: C/O BESSEMER TRUST
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Allen Fam Foundation Ac1q35 Trust is a private trust based in WOODBRIDGE, NJ. The foundation received its IRS ruling in 2022. The principal officer is Bessemer Trust Company. It holds total assets of $16.8M. Annual income is reported at $5.4M. Total assets have grown from $13.2M in 2021 to $16.8M in 2024. 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 2021 to 2024. According to available records, Allen Fam Foundation Ac1q35 Trust has made 14 grants totaling $1.9M, with a median grant of $30K. Annual giving has decreased from $1.3M in 2022 to $660K in 2023. Individual grants have ranged from $5K to $500K, with an average award of $138K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in Illinois, Iowa, New York, 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.
Allen Fam Foundation Ac1q35 Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in IL, IA, NY.
Allen Fam Foundation Ac1q35 Trust has distributed a total of $1.9M across 14 grants. The median grant size is $30K, with an average of $138K. Individual grants have ranged from $5K to $500K.
Allen Fam Foundation Ac1q35 Trust typically selects its grantees rather than accepting unsolicited proposals.
Allen Fam Foundation Ac1q35 Trust is headquartered in WOODBRIDGE, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bessemer Trust Company | CORPORATE TRUSTEE | $13K | $0 | $13K |
Total Giving
N/A
Total Assets
$16.8M
Fair Market Value
N/A
Net Worth
$16.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
14
Total Giving
$1.9M
Average Grant
$138K
Median Grant
$30K
Unique Recipients
7
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| William Butterworth FoundationGENERAL SUPPORT | Moline, IL | $500K | 2022 |
| Evans Scholars FoundationGENERAL SUPPORT | Glenview, IL | $500K | 2023 |
| United Way Quad CitiesGENERAL SUPPORT | Bettendorf, IA | $100K | 2023 |
| Make A Wish Foundation Of IowaGENERAL SUPPORT | Urbandale, IA | $30K | 2023 |
| Birdies For CharityGENERAL SUPPORT | East Moline, IL | $30K | 2023 |
| World Food Program UsaGENERAL SUPPORT | New York, NY | $5K | 2022 |
| Save The ChildrenGENERAL SUPPORT | Fairfield, CT | $5K | 2022 |