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Audet Family Foundation is a private corporation based in BEDMINSTER, NJ. The foundation received its IRS ruling in 2016. The principal officer is Paul Audet. It holds total assets of $1.2M. Annual income is reported at $499K. Total assets have grown from $822K in 2019 to $1.3M in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in New Jersey and New York. According to available records, Audet Family Foundation has made 6 grants totaling $677K, with a median grant of $58K. Annual giving has grown from $67K in 2021 to $610K in 2022. Individual grants have ranged from $7K to $250K, with an average award of $113K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in New York and Pennsylvania and New Jersey. Contributions to this foundation are tax-deductible.
Audet Family Foundation reported 6 individual grants totaling $677,000 between 2021 and 2022 across its IRS Form 990-PF filings, with a median grant of $57,500. Half of those grants fell between $55,000 and $202,500. Its largest single grant in the record was $250,000. Its most recent available filing, for fiscal year 2023, reports $135,228 in total giving.
The largest share of grants went to organizations in NY (3 of 6), followed by PA (2) and NJ (1). Of its 3 distinct grantees, 67 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Nyu Langone Health- Department Of Medicine ($500,000), American Cancer Society ($117,000) and St Peters Preparatory School ($60,000).
Computed from 6 individual grant records (2021–2022) in this foundation's IRS Form 990-PF Part XV filings, reaching 3 states. Source: IRS 990-PF.
Smallest Grant
$150
Median Grant
$10K
Average Grant
$22K
Largest Grant
$75K
Based on 5 grants from the most recent 990-PF filing.
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.
Audet Family Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in NY, PA, NJ.
Audet Family Foundation has distributed a total of $677K across 6 grants. The median grant size is $58K, with an average of $113K. Individual grants have ranged from $7K to $250K.
Audet Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Audet Family Foundation is headquartered in BEDMINSTER, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul L Audet | DIRECTOR/PRESIDENT/TREASURER | $0 | $0 | N/A |
| Nancy Audet | DIRECTOR/V.PRESIDENT/SECRETARY | $0 | $0 | N/A |
Total Giving
$135K
Total Assets
$1.3M
Fair Market Value
$1.5M
Net Worth
$1.3M
Grants Paid
$112K
Contributions
N/A
Net Investment Income
$23K
Distribution Amount
$70K
Total: N/A
Total Grants
6
Total Giving
$677K
Average Grant
$113K
Median Grant
$58K
Unique Recipients
3
Most Common Grant
$250K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyTo promote the work of the organization | Philadelphia, PA | $55K | 2022 |
| Nyu Langone Health- Department Of MedicineTo promote the work of the organization | New York, NY | $250K | 2022 |
| St Peters Preparatory SchoolEDUCATION SUPPORT | Jersey City, NJ | $60K | 2021 |