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Jean Axelrod Memorial Foundation Inc. is a private corporation based in OLNEY, MD. The foundation received its IRS ruling in 1991. The principal officer is Shelby Shapiro. It holds total assets of $1.9M. Annual income is reported at $1.1M. Total assets have grown from $1.1M in 2010 to $1.7M in 2022. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in District of Columbia, Connecticut and Maryland. According to available records, Jean Axelrod Memorial Foundation Inc. has made 21 grants totaling $297K, with a median grant of $7K. Annual giving has grown from $69K in 2020 to $114K in 2022. Individual grants have ranged from $1K to $53K, with an average award of $14K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in District of Columbia, Connecticut, New York, which account for 86% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$11K
Average Grant
$19K
Largest Grant
$53K
Based on 6 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.
Jean Axelrod Memorial Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in DC, CT, NY.
Jean Axelrod Memorial Foundation Inc. has distributed a total of $297K across 21 grants. The median grant size is $7K, with an average of $14K. Individual grants have ranged from $1K to $53K.
Jean Axelrod Memorial Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Jean Axelrod Memorial Foundation Inc. is headquartered in OLNEY, MD. While based in MD, the foundation distributes grants to organizations across 5 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Shelby Shapiro | President | $0 | $0 | N/A |
| Mark Shapiro | Treasurer | $0 | $0 | N/A |
| Marti Bornstein Md | Vice President | $0 | $0 | N/A |
Total Giving
$89K
Total Assets
$1.7M
Fair Market Value
$1.8M
Net Worth
$1.7M
Grants Paid
$57K
Contributions
N/A
Net Investment Income
$100K
Distribution Amount
$85K
Total: $1.5M
Total Grants
21
Total Giving
$297K
Average Grant
$14K
Median Grant
$7K
Unique Recipients
11
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| FibuspamCHARITABLE | Wheatogue, CT | $53K | 2022 |
| Naacp Legal Defense Educational FunCHARITABLE | Washington, DC | $30K | 2022 |
| World Central KitchenCHARITABLE | Washington, DC | $14K | 2022 |
| HiasCHARITABLE | Silver Spring, MD | $7K | 2022 |
| Hope For HenryCHARITABLE | Washington, DC | $5K | 2022 |
| So Others May EatCHARITABLE | Washington, DC | $5K | 2022 |
| 46th St Club HouseCHARITABLE | New York, NY | $15K | 2021 |
| Operation Understanding DcCHARITABLE | Washington, DC | $12K | 2021 |
| Bend The ArcCHARITABLE | New York, NY | $6K | 2020 |
| Manna Food CenterCHARITABLE | Gaithersburg, MD | $3K | 2020 |
| Alsacst Jude Childrens ResearchCHARITABLE | Arlington, VA | $1K | 2020 |