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Also known as: Unitrust
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Kathe Kasten Charitable Remainder Trust is a private corporation based in WALL, NJ. The foundation received its IRS ruling in 2007. The principal officer is Sovereign Bank Private Wealth Mgt. It holds total assets of $2.6M. Annual income is reported at $1.1M. Total assets have decreased from $3.7M in 2011 to $2.7M 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 2016 to 2023. Grantmaking is concentrated in New Jersey. According to available records, Kathe Kasten Charitable Remainder Trust has made 8 grants totaling $432K, with a median grant of $54K. Annual giving has decreased from $241K in 2022 to $190K in 2023. Individual grants have ranged from $48K to $60K, with an average award of $54K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New Jersey and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$55K
Median Grant
$55K
Average Grant
$55K
Largest Grant
$55K
Based on 4 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.
Kathe Kasten Charitable Remainder Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NJ, FL.
Kathe Kasten Charitable Remainder Trust has distributed a total of $432K across 8 grants. The median grant size is $54K, with an average of $54K. Individual grants have ranged from $48K to $60K.
Kathe Kasten Charitable Remainder Trust typically selects its grantees rather than accepting unsolicited proposals.
Kathe Kasten Charitable Remainder Trust is headquartered in WALL, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Garden State Trust Company | Trustee | $42K | $0 | $42K |
Total Giving
$230K
Total Assets
$2.7M
Fair Market Value
$3.4M
Net Worth
$2.7M
Grants Paid
$190K
Contributions
N/A
Net Investment Income
$78K
Distribution Amount
$159K
Total Grants
8
Total Giving
$432K
Average Grant
$54K
Median Grant
$54K
Unique Recipients
4
Most Common Grant
$60K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Heart AssociationCHARITABLE | St Petersburg, FL | $48K | 2023 |
| Lutheran Social Ministries Of NjCHARITABLE | Burlington, NJ | $48K | 2023 |
| The Seeing Eye IncCHARITABLE | Morristown, NJ | $48K | 2023 |
| Deborah Hospital FoundationCHARITABLE | Browns Mills, NJ | $48K | 2023 |