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Also known as: ATTN KEN SLUTSKY TAX EXEMPT INST GRP
Arnold Foundation Inc. is a private corporation based in ROSELAND, NJ. The foundation received its IRS ruling in 2005. The principal officer is % Kenneth J Shutsky. It holds total assets of $6.3M. Annual income is reported at $5.3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Arnold Foundation Inc. has made 2 grants totaling $358K, with a median grant of $179K. Individual grants have ranged from $110K to $248K, with an average award of $179K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New York and Massachusetts. Contributions to this foundation are tax-deductible.
Arnold Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NY, MA.
Arnold Foundation Inc. has distributed a total of $358K across 2 grants. The median grant size is $179K, with an average of $179K. Individual grants have ranged from $110K to $248K.
Arnold Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Arnold Foundation Inc. is headquartered in ROSELAND, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Erica Enterprises Llc | MEMBER | $0 | $0 | $0 |
| Kenneth J Slutsky | PRESIDENT | $0 | $0 | $0 |
| Michael N Gooen | VP/SECRETARY/ASST. TREAS. | $0 | $0 | $0 |
| John L Berger | VP/TREASURER/ASST. SECTY. | $0 | $0 | $0 |
Total Giving
$1.3M
Total Assets
$1.5M
Fair Market Value
$1.5M
Net Worth
$1.5M
Grants Paid
$0
Contributions
$770K
Net Investment Income
$55K
Distribution Amount
$62K
Total Grants
2
Total Giving
$358K
Average Grant
$179K
Median Grant
$179K
Unique Recipients
2
Most Common Grant
$110K
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wellspring Philanthropic Fund IncUnder grant agreement dated 11/14/22, Arnold Foundation (the "Foundation") granted to WPF the Foundation's rights to a security deposit of $248,173 (the "Security Deposit") for the lease of the office space at 1441 Broadway, Suite 1600, New York, NY (the "Premises") held by the landlord of the Premises. The grant was made because the Premises, which the Foundation previously had leased and allowed WPF to use for its charitable purposes rent-free, would now be leased by WPF, entitling the Foundat | New York, NY | $248K | 2022 |
| Fidelity Charitable Gift FundFor the general fund of the charity | Boston, MA | $110K | 2022 |
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