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Also known as: C/O RAYMOND H CYPESS
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Cypess Family Private Foundation Inc. is a private corporation based in ARLINGTON, VA. The foundation received its IRS ruling in 2003. The principal officer is Raymond H Cypress. It holds total assets of $956K. Annual income is reported at $663K. Total assets have grown from $487K in 2010 to $898K in 2022. The foundation is governed by 4 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 2020 to 2023. The foundation primarily funds organizations in New Jersey and Maryland. According to available records, Cypess Family Private Foundation Inc. has made 12 grants totaling $169K, with a median grant of $5K. Annual giving has grown from $48K in 2020 to $60K in 2022. Grantmaking activity was highest in 2021 with $61K distributed across 3 grants. Individual grants have ranged from $696 to $42K, with an average award of $14K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New Jersey and Illinois and Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$696
Median Grant
$5K
Average Grant
$16K
Largest Grant
$42K
Based on 3 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.
Cypess Family Private Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NJ, IL, MD.
Cypess Family Private Foundation Inc. has distributed a total of $169K across 12 grants. The median grant size is $5K, with an average of $14K. Individual grants have ranged from $696 to $42K.
Cypess Family Private Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Cypess Family Private Foundation Inc. is headquartered in ARLINGTON, VA. While based in VA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joshua Cypess | DIRECTOR | $0 | $0 | N/A |
| Dr Raymond Cypess | DIRECTOR | $0 | $0 | N/A |
| Dr Sandra Cypess | DIRECTOR | $0 | $0 | N/A |
| Dr Aaron Cypess | DIRECTOR | $0 | $0 | N/A |
Total Giving
$53K
Total Assets
$898K
Fair Market Value
$968K
Net Worth
$898K
Grants Paid
$36K
Contributions
N/A
Net Investment Income
$21K
Distribution Amount
$47K
Total: $839K
Total Grants
12
Total Giving
$169K
Average Grant
$14K
Median Grant
$5K
Unique Recipients
4
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| RpryEDUCATION | Edison, NJ | $25K | 2022 |
| Miscellaneous Under 500EDUCATION AND GENERAL SUPPORT | Various, NJ | $4K | 2022 |
| University Of Illinois FoundationEDUCATION | Urbana, IL | $2K | 2022 |
| Torah School Of Greater WashingtonEDUCATION | Silver Spring, MD | $696 | 2020 |