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Irene Kandzie Scholarship Fund is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2008. The principal officer is Merrill Lynch Bank & Trust Co. It holds total assets of $5.5M. Annual income is reported at $3.1M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Irene Kandzie Scholarship Fund has made 3 grants totaling $567K, with a median grant of $159K. Annual giving has decreased from $318K in 2022 to $248K in 2023. Individual grants have ranged from $159K to $248K, with an average award of $189K. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
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.
Irene Kandzie Scholarship Fund primarily funds organizations in the area of education. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in MA.
Irene Kandzie Scholarship Fund has distributed a total of $567K across 3 grants. The median grant size is $159K, with an average of $189K. Individual grants have ranged from $159K to $248K.
Irene Kandzie Scholarship Fund typically selects its grantees rather than accepting unsolicited proposals.
Irene Kandzie Scholarship Fund is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $64K | $0 | $64K |
| Mr J Curtis Hyers | CO-TRUSTEE | $12K | $0 | $12K |
Total Giving
$327K
Total Assets
$5.3M
Fair Market Value
$5.9M
Net Worth
$5.3M
Grants Paid
$248K
Contributions
N/A
Net Investment Income
$180K
Distribution Amount
$288K
Total: $4.9M
Total Grants
3
Total Giving
$567K
Average Grant
$189K
Median Grant
$159K
Unique Recipients
1
Most Common Grant
$159K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tufts UniversityGENERAL OPERATING | Somerville, MA | $248K | 2023 |