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Kap 508 Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2007. The principal officer is Foundation Source. It holds total assets of $1.6M. Annual income is reported at $1.1M. Total assets have grown from $778K in 2011 to $1.6M in 2023. The foundation is governed by 5 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 2016 to 2023. The foundation primarily funds organizations in New York and Pennsylvania. According to available records, Kap 508 Foundation Inc. has made 87 grants totaling $286K, with a median grant of $3K. Annual giving has grown from $26K in 2021 to $88K in 2023. Grantmaking activity was highest in 2022 with $172K distributed across 52 grants. Individual grants have ranged from $1K to $10K, with an average award of $3K. The foundation has supported 35 unique organizations. The foundation primarily supports organizations in New York, Pennsylvania, Connecticut, which account for 99% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$10K
Based on 26 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.
Kap 508 Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 87 grants. Its grantmaking reaches organizations primarily in NY, PA, CT.
Kap 508 Foundation Inc. has distributed a total of $286K across 87 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $1K to $10K.
Kap 508 Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Kap 508 Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Margaret Mascia | Dir, VP | $0 | $0 | N/A |
| Alfred J Mascia | Dir, Pres | $0 | $0 | N/A |
| Patrick Mascia | Dir | $0 | $0 | N/A |
| Kerry Mascia | Dir, Treas | $0 | $0 | N/A |
| Amy Mascia Knowles | Dir | $0 | $0 | N/A |
Total Giving
$117K
Total Assets
$1.6M
Fair Market Value
$1.9M
Net Worth
$1.6M
Grants Paid
$88K
Contributions
$104K
Net Investment Income
$46K
Distribution Amount
$84K
Total: $1.5M
Total Grants
87
Total Giving
$286K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
35
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Open Door Foundation IncGeneral & Unrestricted | Ossining, NY | $4K | 2023 |
| Elizabeth Mascia Child Care Center IncGeneral & Unrestricted | Tarrytown, NY | $10K | 2023 |
| Phelps Memorial Hospital Center - Hospice ProgramGeneral & Unrestricted | Sleepy Hollow, NY | $5K | 2023 |
| Blythedale Children'S HospitalGeneral & Unrestricted | Valhalla, NY | $5K | 2023 |
| Westchester Arc Foundation IncChildrens' School for Early Development fund | Hawthorne, NY | $5K | 2023 |
| Westchester Medical Center Foundation IncMaria Ferari Childrens Hospital Fund | Valhalla, NY | $5K | 2023 |
| Humane Society Of Lackawanna CountyGeneral & Unrestricted | S Abingtn Twp, PA | $5K | 2023 |
| Ossining Food PantryGeneral & Unrestricted | Ossining, NY | $5K | 2023 |
| Feeding Westchester IncGeneral & Unrestricted | Elmsford, NY | $5K | 2023 |
| Make-A-Wish Foundation Of The Hudson Valley IncGeneral & Unrestricted | Tarrytown, NY | $5K | 2023 |
| Womens Resource CenterGeneral & Unrestricted | Scranton, PA | $5K | 2023 |
| Abby S Promise IncGeneral & Unrestricted | Philadelphia, PA | $3K | 2023 |
| Historical Society IncGeneral & Unrestricted | Tarrytown, NY | $3K | 2023 |
| Kids Club Of Tarrytown & Sleepy Hollow IncGeneral & Unrestricted | Tarrytown, NY | $3K | 2023 |
| Willow Domestic Violence Center Of Greater RochestGeneral & Unrestricted | Rochester, NY | $2K | 2023 |
| Childrens Dream FoundationGeneral & Unrestricted | Rye Brook, NY | $2K | 2023 |
| Autismup IncGeneral & Unrestricted | Rochester, NY | $2K | 2023 |
| Dasap IncGeneral & Unrestricted | Rochester, NY | $2K | 2023 |
| Emergency Childrens Help Organization IncGeneral & Unrestricted | Staten Island, NY | $2K | 2023 |
| Building Homes For Heroes IncGeneral & Unrestricted | Island Park, NY | $2K | 2023 |
| The One Love Foundation In Honor Of Yeardley LoveGeneral & Unrestricted | Baltimore, MD | $2K | 2023 |
| Calcagnini Als Foundation IncGeneral & Unrestricted | Fairfield, CT | $1K | 2023 |
| Horsemans Harvest Neighborhood Pantry IncGeneral & Unrestricted | Sleepy Hollow, NY | $1K | 2023 |
| Jacob Burns Film Center IncGeneral & Unrestricted | Pleasantville, NY | $1K | 2023 |
| Pro Bono Partnership IncGeneral & Unrestricted | White Plains, NY | $1K | 2023 |
| Friends Of Rockefeller State Park PreserveGeneral & Unrestricted | Ossing, NY | $1K | 2023 |
| Community Food Pantry Of Sleepy Hollow TarrytownGeneral & Unrestricted | Tarrytown, NY | $1K | 2023 |
| Phelps Memorial Hospital CenterGeneral & Unrestricted | Sleepy Hollow, NY | $5K | 2022 |
| Black Scranton Project IncGeneral & Unrestricted | Scranton, PA | $4K | 2022 |