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Granit Foundation is a private trust based in BROOKLYN, NY. The foundation received its IRS ruling in 2003. The principal officer is % Mark Wertenteil. It holds total assets of $521K. Annual income is reported at $333K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Granit Foundation has made 312 grants totaling $847K, with a median grant of $365. Annual giving has grown from $148K in 2021 to $517K in 2023. Individual grants have ranged from $10 to $29K, with an average award of $3K. The foundation has supported 127 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Illinois, which account for 96% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Granit Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 312 grants. Its grantmaking reaches organizations primarily in NJ, NY, IL.
Granit Foundation has distributed a total of $847K across 312 grants. The median grant size is $365, with an average of $3K. Individual grants have ranged from $10 to $29K.
Granit Foundation typically selects its grantees rather than accepting unsolicited proposals.
Granit Foundation is headquartered in BROOKLYN, NY. While based in NY, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark Wertenteil | TRUSTEE | $0 | $0 | $0 |
| Ilana Wertenteil | TRUSTEE | $0 | $0 | $0 |
Total Giving
$266K
Total Assets
$546K
Fair Market Value
$467K
Net Worth
$546K
Grants Paid
$266K
Contributions
$165K
Net Investment Income
$140K
Distribution Amount
$23K
Total Grants
312
Total Giving
$847K
Average Grant
$3K
Median Grant
$365
Unique Recipients
127
of 2023 grantees were first-time recipients
Other foundations that have funded Granit Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Arthur And Joyce Fein Family Foundation Inc. | $436 | 2022 | Charitable Organization |
| Arthur And Joyce Fein Family Foundation Inc. | $365K | 2021 | Charitable Organization |
| $26K |
| 2023 |
| Ma'Ayanot Yeshiva High SchoolGENERAL | Teaneck, NJ | $25K | 2023 |
| Halachic Organ Donor SocietyGENERAL | Lincolnwood, IL | $16K | 2023 |
| The Idea SchoolGENERAL | Tenafly, NJ | $15K | 2023 |
| Manhattan Jewish ExperienceGENERAL | New York, NY | $13K | 2023 |
| Yavneh AcademyGENERAL | Paramus, NJ | $10K | 2023 |
| Darchei Yoisher CenterGENERAL | Brooklyn, NY | $10K | 2023 |
| Congregation Torah U'TefilahGENERAL | Brooklyn, NY | $10K | 2023 |
| Project EzraGENERAL | Englewood, NJ | $8K | 2023 |
| Jewish Federation Of North BergenGENERAL | Paramus, NJ | $6K | 2023 |
| Chai Lifelinecamp SimchaGENERAL | New York, NY | $5K | 2023 |
| Shavei Hevron InstituteGENERAL | Brooklyn, NY | $5K | 2023 |
| SharsheretGENERAL | Teaneck, NJ | $5K | 2023 |
| Jewish Learning CenterGENERAL | Manalapan Township, NJ | $4K | 2023 |
| Congregation Beth AaronGENERAL | Teaneck, NJ | $4K | 2023 |
| Torah Academy Of Bergen CountyGENERAL | Teaneck, NY | $2K | 2023 |
| Yeshiva Of Machzikai HadasGENERAL | Brooklyn, NY | $2K | 2023 |
| Friends Of Lubavitch Of Bergen CountyGENERAL | Teaneck, NJ | $1K | 2023 |
| Touro UniversityGENERAL | New York, NJ | $1K | 2023 |
| Congregation Zichron MosheGENERAL | Lakewood, NJ | $1K | 2023 |
| Congregation Beth AbrahamGENERAL | Berganfield, NJ | $1K | 2023 |
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