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Also known as: c/o Citrin Cooperman Advisors LLC
Margolies Family Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2015. The principal officer is % Foundation Source. It holds total assets of $6.5M. Annual income is reported at $2.6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Margolies Family Foundation Inc. has made 37 grants totaling $1.3M, with a median grant of $10K. Annual giving has grown from $276K in 2020 to $398K in 2023. Grantmaking activity was highest in 2022 with $626K distributed across 22 grants. Individual grants have ranged from $250 to $250K, with an average award of $35K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in California, New Jersey, New York, which account for 84% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Margolies Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in CA, NJ, NY.
Margolies Family Foundation Inc. has distributed a total of $1.3M across 37 grants. The median grant size is $10K, with an average of $35K. Individual grants have ranged from $250 to $250K.
Margolies Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Margolies Family Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Margolies | TREASURER | $0 | $0 | $0 |
| Ross Margolies | PRESIDENT | $0 | $0 | $0 |
| Sarah Margolies | TRUSTEE | $0 | $0 | $0 |
| Jessica Margolies | SECRETARY | $0 | $0 | $0 |
| Patricia Margolies | VICE PRESIDENT | $0 | $0 | $0 |
Total Giving
$458K
Total Assets
$8M
Fair Market Value
$8.3M
Net Worth
$8M
Grants Paid
$398K
Contributions
$115K
Net Investment Income
$333K
Distribution Amount
$393K
Total: $6.2M
Total Grants
37
Total Giving
$1.3M
Average Grant
$35K
Median Grant
$10K
Unique Recipients
18
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hand In Hand FoundationGENERAL SUPPORT | Scotts Valley, CA | $250K | 2023 |
| Union County College FoundationGENERAL SUPPORT | Cranford, NJ | $50K | 2023 |
| American Friends Of Magen David AdomGENERAL UNRESTRICTED | New York, NY | $50K | 2023 |
| Link Education PartnersGENERAL SUPPORT | Newark, NJ | $25K | 2023 |
| More Than Boot StrapsGENERAL SUPPORT | Westfield, NJ | $20K |
| David Untracht |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| 2023 |
| St Ignatious SchoolGENERAL SUPPORT | Bronx, NY | $3K | 2023 |
| The Westfield FoundationGENERAL UNRESTRICTED | Westfield, NJ | $40K | 2022 |
| Jewish Family Service Food PantryGENERAL UNRESTRICTED | Elizabeth, NJ | $25K | 2022 |
| Kean U Holocaust CenterGENERAL UNRESTRICTED | Ubion, NJ | $10K | 2022 |
| Westfield Board Of EducationGENERAL UNRESTRICTED | Westfield, NJ | $10K | 2022 |
| Jawonio FoundationGENERAL UNRESTRICTED | New City, NY | $5K | 2022 |
| Islamorada Firefighters Benevolent AssociationGENERAL UNRESTRICTED | Islamorada, FL | $250 | 2022 |
| Westfield Rescue SquadGENERAL UNRESTRICTED | Westfield, NJ | $250 | 2022 |
| American Friends Hand In HandGeneral Unrestricted | New York, NY | $100K | 2020 |
| NaacpGeneral Unrestricted | Baltimore, MD | $25K | 2020 |
| Feeding AmericaGeneral Unrestricted | Chicago, IL | $10K | 2020 |
| Holy Trinity ChurchGeneral Unrestricted | Westfield, NJ | $3K | 2020 |
| John Hopkins UniversityGeneral Unrestricted | Baltimore, MD | $1K | 2020 |
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