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Also known as: C/O PORZIO BROMBERG & NEWMAN PC
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Larsen Foundation Inc. is a private corporation based in MORRISTOWN, NJ. The foundation received its IRS ruling in 1996. It holds total assets of $2.2M. Annual income is reported at $900K. Total assets have decreased from $9M in 2010 to $2.3M in 2022. The foundation is governed by 4 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 2020 to 2023. Funding is distributed across 4 states, including New York, Florida, Texas. According to available records, Larsen Foundation Inc. has made 7 grants totaling $1.2M, with a median grant of $10K. Individual grants have ranged from $500 to $720K, with an average award of $177K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in Texas, New York, Colorado, which account for 71% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$177K
Largest Grant
$720K
Based on 7 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.
Larsen Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in TX, NY, CO.
Larsen Foundation Inc. has distributed a total of $1.2M across 7 grants. The median grant size is $10K, with an average of $177K. Individual grants have ranged from $500 to $720K.
Larsen Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Larsen Foundation Inc. is headquartered in MORRISTOWN, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Larsen Verblaauw | CO-VICE PRESIDENT/TRUSTEE | $0 | $0 | N/A |
| Kristen Larsen Dries | CO-VICE PRESIDENT/TRUSTEE | $0 | $0 | N/A |
| Garret W Larsen | CO-VICE PRESIDENT/TRUSTEE | $0 | $0 | N/A |
| Dorothy M Larsen | PRESIDENT/TRUSTEE | $0 | $0 | N/A |
Total Giving
$1.6M
Total Assets
$2.3M
Fair Market Value
$6.2M
Net Worth
$2.3M
Grants Paid
$1.6M
Contributions
N/A
Net Investment Income
$1.1M
Distribution Amount
$339K
Total: $2.3M
Total Grants
7
Total Giving
$1.2M
Average Grant
$177K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cho Yeh CampGENERAL SUPPORT | Livingston, TX | $720K | 2022 |
| Gospel VolunteersGENERAL SUPPORT | Speculator, NY | $450K | 2022 |
| Deerfront Lodge Christian CampGENERAL SUPPORT | Speculator, NY | $50K | 2022 |
| NavigatorsGENERAL SUPPORT | Colorado Springs, CO | $10K | 2022 |
| Houghton CollegeGENERAL SUPPORT | Houghton, NY | $5K | 2022 |
| Legacy Foundation At Shell PointGENERAL SUPPORT | Fort Myers, FL | $1K | 2022 |
| The Village ChurchGENERAL SUPPORT | Fort Myers, FL | $500 | 2022 |