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Also known as: FOUNDATION
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Michael T And Majorie V Gasparik Foundation is a private trust based in WEST CALDWELL, NJ. The foundation received its IRS ruling in 2010. The principal officer is Michael T Gasparik Ttee. It holds total assets of $2.2M. Annual income is reported at $1.3M. Total assets have grown from $15K in 2011 to $2.1M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of health. 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 York, New Jersey and South Carolina. According to available records, Michael T And Majorie V Gasparik Foundation has made 28 grants totaling $580K, with a median grant of $20K. The foundation has distributed between $145K and $290K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $290K distributed across 14 grants. Individual grants have ranged from $5K to $35K, with an average award of $21K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in New York and New Jersey and South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$20K
Average Grant
$21K
Largest Grant
$35K
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.
Michael T And Majorie V Gasparik Foundation primarily funds organizations in the area of health. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in NY, NJ, SC.
Michael T And Majorie V Gasparik Foundation has distributed a total of $580K across 28 grants. The median grant size is $20K, with an average of $21K. Individual grants have ranged from $5K to $35K.
Michael T And Majorie V Gasparik Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael T And Majorie V Gasparik Foundation is headquartered in WEST CALDWELL, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Donna O'Connor | Secretary | $0 | $0 | N/A |
| Francis Gasparik | Pres/Treas | $0 | $0 | N/A |
| Helen Younger | Vice President | $0 | $0 | N/A |
Total Giving
$191K
Total Assets
$2.1M
Fair Market Value
$2.5M
Net Worth
$2.1M
Grants Paid
$145K
Contributions
N/A
Net Investment Income
$84K
Distribution Amount
N/A
Total: $1.7M
Total Grants
28
Total Giving
$580K
Average Grant
$21K
Median Grant
$20K
Unique Recipients
9
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Alzheimers NjALZHEIMER RESEARCH | Denville, NJ | $35K | 2023 |
| St Francis Food PantriesFOOD FOR HOMELESS | New York, NY | $35K | 2023 |
| Capuchin Stigmate ProvFUND MISSION WORK OF FRIARS | Yonkers, NY | $20K | 2023 |
| Elizabeth Seton Children'S FoundatiPEDIATRIC DISEASE RESEARCH | Yonkers, NY | $20K | 2023 |
| Cornell College Of Veterinary MedicFELINE DISEASE RESEARCH | Ithaca, NY | $15K | 2023 |
| Disabilities Found Of Charleston CoHELP INDIVIDUALS WITH DISABILITIES | North Charleston, SC | $15K | 2023 |
| Backpacks For LifeHELP HOMELESS VETERANS | Verona, NJ | $5K | 2023 |
| Province Of St Mary CapuchinSupport mission to take care of poor and others in need | Yonkers, NY | $20K | 2022 |
| Charles Webb CenterAID GROWTH & DEVELOPMENT OF CHILDREN | Charleston, SC | $15K | 2021 |