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Joseph Fodo Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2012. The principal officer is Merrill Lynch Trust Company. It holds total assets of $2.9M. Annual income is reported at $1.2M. Total assets have grown from $1K in 2010 to $2.6M in 2023. The foundation is governed by 1 officer or trustee. 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 2018 to 2023. The foundation primarily funds organizations in New York, Michigan and Texas. According to available records, Joseph Fodo Foundation has made 9 grants totaling $415K, with a median grant of $25K. Annual giving has grown from $85K in 2021 to $110K in 2023. Grantmaking activity was highest in 2022 with $220K distributed across 4 grants. Individual grants have ranged from $10K to $85K, with an average award of $46K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in New York and Michigan and Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$25K
Average Grant
$28K
Largest Grant
$50K
Based on 3 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.
Joseph Fodo Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in NY, MI, TN.
Joseph Fodo Foundation has distributed a total of $415K across 9 grants. The median grant size is $25K, with an average of $46K. Individual grants have ranged from $10K to $85K.
Joseph Fodo Foundation typically selects its grantees rather than accepting unsolicited proposals.
Joseph Fodo Foundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph Fodo | TRUSTEE | $0 | $0 | N/A |
Total Giving
$133K
Total Assets
$2.6M
Fair Market Value
$2.9M
Net Worth
$2.6M
Grants Paid
$110K
Contributions
$200K
Net Investment Income
$89K
Distribution Amount
$126K
Total: $1.8M
Total Grants
9
Total Giving
$415K
Average Grant
$46K
Median Grant
$25K
Unique Recipients
3
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stephen Siller Tunnel To Towers FdnUNRESTRICTED GENERAL | Staten Island, NY | $85K | 2023 |
| Children Advocacy Berrien Cnty CouncilUNRESTRICTED GENERAL | St Joseph, MI | $25K | 2023 |
| St Jude Children'S Research HospitalUNRESTRICTED GENERAL | Memphis, TN | $10K | 2021 |