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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 $970K. 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 2021 to 2024. The foundation primarily funds organizations in New York, Illinois and Wisconsin. 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.
Smallest Grant
$44K
Median Grant
$44K
Average Grant
$44K
Largest Grant
$44K
Based on 4 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.
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.
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| 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
N/A
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 |