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Korones Family Foundation is a private corporation based in MONTCLAIR, NJ. The foundation received its IRS ruling in 2016. It holds total assets of $2.6M. Annual income is reported at $1.6M. Total assets have grown from $26K in 2014 to $2.6M in 2024. The foundation is governed by 3 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 2021 to 2024. The foundation primarily funds organizations in Tennessee and New Jersey. According to available records, Korones Family Foundation has made 61 grants totaling $666K, with a median grant of $10K. Annual giving has grown from $107K in 2021 to $271K in 2023. Grantmaking activity was highest in 2022 with $288K distributed across 22 grants. Individual grants have ranged from $2K to $35K, with an average award of $11K. The foundation has supported 22 unique organizations. The foundation primarily supports organizations in Tennessee, New York, District of Columbia, which account for 69% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$11K
Average Grant
$13K
Largest Grant
$35K
Based on 11 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.
Korones Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 61 grants. Its grantmaking reaches organizations primarily in TN, NY, DC.
Korones Family Foundation has distributed a total of $666K across 61 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from $2K to $35K.
Korones Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Korones Family Foundation is headquartered in MONTCLAIR, NJ. While based in NJ, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ann R Falsey | DIRECTOR | $0 | $0 | N/A |
| David N Korones | DIRECTOR AND PRESIDENT | $0 | $0 | N/A |
| Susan K Gifford | DIRECTOR, TREASURER, SECRE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.6M
Fair Market Value
N/A
Net Worth
$2.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
61
Total Giving
$666K
Average Grant
$11K
Median Grant
$10K
Unique Recipients
22
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rochester Regional HealthHEALTHCARE | Rochester, NY | $20K | 2023 |
| Facing History And OurselvesENGAGE STUDENTS OF DIVERSE BACKGROUNDS IN AN EXAMINATION OF RACISM, PREJUDICE, AND ANTISEMITISM | Memphis, TN | $20K | 2023 |
| Tennessee Justice CenterASSIST WITH HEALTHCARE AND LEGAL SERVICES TO NEEDY AND DISABLED PEOPLE | Nashville, TN | $15K | 2023 |
| Aslan ProjectHELPING CHILDREN WITH CANCER | Washington, DC | $10K | 2023 |
| Vineyard Farms IncCOMMUNITY FOOD SOURCE | Rochester, NY | $10K | 2023 |
| IfwhenhowADVANCE REPRODUCTIVE JUSTICE | Oakland, CA | $10K | 2023 |
| National Civil Rights MuseumCIVIL RIGHTS SUPPORT AND EDUCATION | Memphis, TN | $10K | 2023 |
| Memphis Music InitiativeMUSIC EDUCATION FOR YOUTH | Memphis, TN | $10K | 2023 |
| Memphis Symphony OrchestraINSPIRE COMMUNITY THROUGH MEANINGFUL MUSICAL EXPERIENCES AND EDUCATIONAL PROGRAMS | Memphis, TN | $7K | 2023 |
| World Central KitchenDISASTER RELIEF THROUGH FOOD | Washington, DC | $5K | 2023 |
| Succeed 2gether (Montclair Literacy Festival)EDUCATIONAL SUPPORT AND SOCIAL DEVELOPMENT ROLE MODELS FOR STUDENTS | Montclair, NJ | $5K | 2023 |
| National Council Of Jewish WomenSOCIAL JUSTICE | Washington, DC | $5K | 2023 |
| Pen AmericaPROTECT FREE EXPRESSION THROUGH LITERATURE | New York, NY | $5K | 2023 |
| FoodlinkADDRESSING FOOD INSECURITY | Rochester, NY | $3K | 2023 |
| HiasPROVIDE HUMANITARIAN AID AND ASSISTANCE TO REFUGEES | Silver Spring, MD | $20K | 2022 |
| National Network Of Abortion FundsREMOVE FINANCIAL AND LOGISTICAL BARRIERS TO ABORTION ACCESS AND REPRODUCTIVE JUSTICE | Boston, MA | $15K | 2022 |
| Community Organized Relief Effort (Core)EMPOWER UNDERSERVED COMMUNITIES ACROSS THE GLOBE | Los Angeles, CA | $11K | 2022 |
| Catholic Charities RochesterPROVIDE HOUSING, EMPLOYMENT AND COORDINATION OF CARE TO HELP PEOPLE LIVE INDEPENDENTLY | Rochester, NY | $10K | 2022 |
| Jazz House KidsEDUCATING CHILDREN THROUGH JAZZ | Montclair, NJ | $4K | 2022 |