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Matrix Foundation Inc. is a private 0 based in CRANBURY, NJ. The foundation received its IRS ruling in 0000. The principal officer is Joseph S Taylor. It holds total assets of $1.6M. Annual income is reported at $1.4M. Total assets have grown from $56K in 2011 to $1M in 2023. The foundation is governed by 4 officers and trustees. 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 Jersey and New York. According to available records, Matrix Foundation Inc. has made 42 grants totaling $2M, with a median grant of $10K. Annual giving has decreased from $1.7M in 2022 to $294K in 2023. Individual grants have ranged from $501 to $1M, with an average award of $48K. The foundation has supported 29 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Nevada, which account for 93% of all grants. Grantmaking reaches organizations across 5 states.
Smallest Grant
$500
Median Grant
$25K
Average Grant
$53K
Largest Grant
$500K
Based on 15 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.
Matrix Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in NJ, NY, NV.
Matrix Foundation Inc. has distributed a total of $2M across 42 grants. The median grant size is $10K, with an average of $48K. Individual grants have ranged from $501 to $1M.
Matrix Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Matrix Foundation Inc. is headquartered in CRANBURY, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Donald M Epstein | TRUSTEE | $0 | $0 | N/A |
| Joseph S Taylor | TRUSTEE | $0 | $0 | N/A |
| Robert J Twomey | TRUSTEE | $0 | $0 | N/A |
| Gerald W Hull Jr | TRUSTEE | $0 | $0 | N/A |
Total Giving
$298K
Total Assets
$1M
Fair Market Value
$1M
Net Worth
$1M
Grants Paid
$294K
Contributions
$100K
Net Investment Income
$31K
Distribution Amount
$54K
Total Grants
42
Total Giving
$2M
Average Grant
$48K
Median Grant
$10K
Unique Recipients
29
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Chabad LubavitchAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | New Brunswick, NJ | $100K | 2023 |
| Hackensack Meridan Foundation IncAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Edison, NJ | $50K | 2023 |
| HomefrontAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Lawrenceville, NJ | $25K | 2023 |
| Princeton Medical Center FoundationCANCER CENTER CAMPAIGN | Plainsboro, NJ | $25K | 2023 |
| Children'S Hospital Of Philadalephia FoundationHOMELSS HEALTH INITIATIVE | Philadalephia, PA | $25K | 2023 |
| Isles IncAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Trenton, NJ | $15K | 2023 |
| Congregation Brothers Is IsraelAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Longbanch, NJ | $13K | 2023 |
| Newark Beth Israel MedicalAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Newark, NJ | $10K | 2023 |
| The Ryan Wolfe Kossar FoundationAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Hasbrouck Heights, NJ | $10K | 2023 |
| Elijah'S PromiseAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | New Brunswick, NJ | $5K | 2023 |
| Meals On Wheels Of Greater NewburghAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Newbourgh, NY | $3K | 2023 |
| Food Bank Of Hudson ValleyAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Cornwallonhudson, NY | $3K | 2023 |
| Jewish Family Service Of Orange County IncAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Middletown, NY | $3K | 2023 |
| Naiop Research Foundation IncAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Herndon, VA | $3K | 2023 |
| Jewish FederationANNUAL SPONSORSHIP | South River, NJ | $2K | 2023 |
| Hatzalah EmsAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Elberon, NJ | $2K | 2023 |
| Elie Ruby FoundationAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Oakhurst, NJ | $1K | 2023 |
| Hillel YeshivaHILLEL ANNUAL CAMPAIGN | Ocean, NJ | $1K | 2023 |
| Sephardic Bikur HolimANNUAL CONTRIBUTION | Oakhurst, NJ | $501 | 2023 |
| Jewish Community Center Of Greater Monmouth CountyDONATION PAY DOWN LOAN # 000604017145 | Short Hills, NJ | $1M | 2022 |
| Nj Performing Arts CenterCELEBITY ROAST | Newark, NJ | $155K | 2022 |
| Beth Medrash Govoha Of AmericaAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Lakewood, NJ | $144K | 2022 |
| Congregation Megan David Of West Deal2022 AGREED UPON CONTRIBUTION TO "BUILD CAMPAIGN" | Ocean, NJ | $118K | 2022 |
| Ryan Wolfe Kossar FoundationAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | East Rutherford, NJ | $10K | 2022 |
| Sailor'S Snug Harbor Little League IncAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Staten Island, NY | $10K | 2022 |
| Community Food Bank Of NjAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | Hillside, NJ | $10K | 2022 |
| Axelrod Performing Atrs CenterYEAREND SPONSORSHIP OF THE ART | Deal, NJ | $5K | 2022 |
| Propel NetworkIN HONOR OF DR GAYLE KROST | Brooklyn, NY | $2K | 2022 |
| Ellie Ruby FoundationAGREED UPON CONTRIBUTION TO "ELLIE SMILES EVENT" | Oakhurst, NJ | $1K | 2022 |