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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. Total assets have grown from $84K in 2011 to $546K in 2023. 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 Jersey and New York. 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 N/A 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.
Smallest Grant
N/A
Median Grant
$448
Average Grant
$2K
Largest Grant
$27K
Based on 62 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.
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 N/A 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 | N/A |
| Ilana Wertenteil | TRUSTEE | $0 | $0 | N/A |
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
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Our PlaceGENERAL | Brooklyn, NY | $8K | 2023 |
| Yeshiva University - RietsGENERAL | New York, NY | $29K | 2023 |
| Congregation Rinat YisroelGENERAL | Teaneck, NJ | $28K | 2023 |
| Sinai SchoolGENERAL | Paramus, NJ | $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 |
| Congregation Torah U'TefilahGENERAL | Brooklyn, NY | $10K | 2023 |
| Darchei Yoisher CenterGENERAL | Brooklyn, NY | $10K | 2023 |
| Project EzraGENERAL | Englewood, NJ | $8K | 2023 |
| YachadGENERAL | Teaneck, NJ | $7K | 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 |