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Michael John Brown Memorial Fund is a private corporation based in OCEAN CITY, NJ. The foundation received its IRS ruling in 2001. The principal officer is Vanessa Brown. It holds total assets of $53K. Annual income is reported at $52K. Total assets have decreased from $90K in 2011 to $58K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2019 to 2024. According to available records, Michael John Brown Memorial Fund has made 5 grants totaling $9K, with a median grant of $1K. Annual giving has grown from $3K in 2023 to $6K in 2024. Individual grants have ranged from $1K to $4K, with an average award of $2K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New Jersey and Pennsylvania. Contributions to this foundation are tax-deductible.
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.
Michael John Brown Memorial Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NJ, PA.
Michael John Brown Memorial Fund has distributed a total of $9K across 5 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $1K to $4K.
The application deadline is SEE ATTACHED SCHEDULE -- "ADDITIONAL INFORMATION". See attached schedule -- "additional information".
Michael John Brown Memorial Fund is headquartered in OCEAN CITY, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Vanessa L Mccabe | TRUSTEE | $500 | $0 | $500 |
| Frank Caterina | TRUSTEE | $0 | $0 | N/A |
Total Giving
$8K
Total Assets
$58K
Fair Market Value
$70K
Net Worth
$58K
Grants Paid
$6K
Contributions
$600
Net Investment Income
$2K
Distribution Amount
$3K
Total: $4K
Total Grants
5
Total Giving
$9K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
4
Most Common Grant
$1K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cumberland County CollegeASSISTANCE TO STUDENTS | Vineland, NJ | $4K | 2024 |
| Trustees Of The University Of PennsylvaniaASSISTANCE TO STUDENTS | Philadelphia, PA | $1K | 2024 |
| Villanova UniversityASSISTANCE TO STUDENTS | Villanova, PA | $1K | 2024 |
| Drexel UniversityASSISTANCE TO STUDENTS | Philadelphia, PA | $1K | 2023 |