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Gertie F Marx Private Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2006. The principal officer is % Merrill Lynch Trust Company Fsb. It holds total assets of $2.6M. Annual income is reported at $841K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Gertie F Marx Private Foundation has made 12 grants totaling $458K, with a median grant of $38K. Annual giving has grown from $153K in 2021 to $305K in 2023. Individual grants have ranged from $38K to $38K, with an average award of $38K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New York and Wisconsin and Illinois. Contributions to this foundation are tax-deductible.
Gertie F Marx Private Foundation 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 NY, WI, IL.
Gertie F Marx Private Foundation has distributed a total of $458K across 12 grants. The median grant size is $38K, with an average of $38K. Individual grants have ranged from $38K to $38K.
Gertie F Marx Private Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gertie F Marx Private Foundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | C0-TRUSTEE | $37K | $0 | $37K |
| Dr Ronald Simon | CO-TRUSTEE | $26K | $0 | $26K |
Total Giving
$215K
Total Assets
$2.6M
Fair Market Value
$3.2M
Net Worth
$2.6M
Grants Paid
$149K
Contributions
$0
Net Investment Income
$107K
Distribution Amount
$144K
Total: $1.8M
Total Grants
12
Total Giving
$458K
Average Grant
$38K
Median Grant
$38K
Unique Recipients
4
Most Common Grant
$38K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northwell Health FoundationGENERAL OPERATING | Westbury, NY | $38K | 2023 |
| Albert Einstein College Of MedGENERAL OPERATING | Bronx, NY | $38K | 2023 |
| Fdn For Anesthesia Educ RschGENERAL OPERATING | Schaumburg, IL | $38K | 2023 |
| Soc For Obstetric AnesthesiaGENERAL OPERATING | Milwaukee, WI | $38K | 2023 |
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