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Also known as: Foundation C/O Michael A Hyett
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David And Mary Krassenstein Foundation is a private corporation based in MARGATE, NJ. The foundation received its IRS ruling in 2003. The principal officer is Donna Munaco. It holds total assets of $1.4M. Annual income is reported at $544K. The foundation is governed by 2 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 2016 to 2024. Grantmaking is concentrated in New Jersey. According to available records, David And Mary Krassenstein Foundation has made 24 grants totaling $341K, with a median grant of $12K. Annual giving has grown from $81K in 2021 to $130K in 2023. Grantmaking activity was highest in 2022 with $131K distributed across 6 grants. Individual grants have ranged from $9K to $37K, with an average award of $14K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$12K
Median Grant
$17K
Average Grant
$22K
Largest Grant
$37K
Based on 6 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.
David And Mary Krassenstein Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in NJ.
David And Mary Krassenstein Foundation has distributed a total of $341K across 24 grants. The median grant size is $12K, with an average of $14K. Individual grants have ranged from $9K to $37K.
David And Mary Krassenstein Foundation typically selects its grantees rather than accepting unsolicited proposals.
David And Mary Krassenstein Foundation is headquartered in MARGATE, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ruth K Niesen | TREASURER/TRUSTEE | $0 | $0 | N/A |
| William E Margolis | PRESIDENT/TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.4M
Fair Market Value
N/A
Net Worth
$1.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
24
Total Giving
$341K
Average Grant
$14K
Median Grant
$12K
Unique Recipients
6
Most Common Grant
$9K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shirat HayamCHARITABLE PURPOSES | Ventnor, NJ | $19K | 2023 |
| Jewish Community CenterCHARITABLE PURPOSES | Margate, NJ | $9K | 2023 |
| Seashore Gardens Living CenterCHARITABLE PURPOSES | Galloway, NJ | $9K | 2023 |
| Temple Beth ShalomCHARITABLE PURPOSES | Brigantine, NJ | $9K | 2023 |
| Congregation Beth JudahCHARITABLE PURPOSES | Ventnor, NJ | $9K | 2023 |
| Jewish Family ServiceCHARITABLE PURPOSES | Margate, NJ | $9K | 2023 |