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Mike & Patti Hennessy Foundation Inc. is a private corporation based in CRANBURY, NJ. The foundation received its IRS ruling in 2024. The principal officer is % Private Foundation Solutions. It holds total assets of $25.6M. Annual income is reported at $9.7M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mike & Patti Hennessy Foundation Inc. has made 15 grants totaling $1.1M, with a median grant of $20K. Annual giving has grown from $157K in 2022 to $925K in 2023. Individual grants have ranged from $2K to $545K, with an average award of $72K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in New Jersey, Pennsylvania, New York, which account for 80% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Mike & Patti Hennessy Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in NJ, PA, NY.
Mike & Patti Hennessy Foundation Inc. has distributed a total of $1.1M across 15 grants. The median grant size is $20K, with an average of $72K. Individual grants have ranged from $2K to $545K.
Mike & Patti Hennessy Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mike & Patti Hennessy 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 |
|---|---|---|---|---|
| Shannon H Pulaski | SECRETARY | $75K | $0 | $75K |
| Michael J Hennessy Jr | PRESIDENT | $0 | $0 | $0 |
| Ashley Talamo | Treasurer | $0 | $0 | $0 |
Total Giving
$1.2M
Total Assets
$25.1M
Fair Market Value
$27.4M
Net Worth
$25.1M
Grants Paid
$925K
Contributions
$330K
Net Investment Income
$558K
Distribution Amount
$1.3M
Total: $23.3M
Total Grants
15
Total Giving
$1.1M
Average Grant
$72K
Median Grant
$20K
Unique Recipients
13
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hackensack Meridian Health Foundation Incgeneral support | Hackensack, NJ | $545K | 2023 |
| Diocese Of Trentongeneral support | Trenton, NJ | $275K | 2023 |
| University Of PennsylvaniaGENERAL SUPPORT | Philadelphia, PA | $63K | 2023 |
| The Ovarian Cancer Research Fund IncGENERAL SUPPORT | New York, NY | $20K | 2023 |
| Rider Universitygeneral support | Lawrenceville, NJ | $15K | 2023 |
| Lep Foundation For Youth EducationEDUCATION | Millstone Twp, NJ | $5K | 2023 |
| St Joseph Catholic Churchgeneral support | West Milford, NJ | $3K | 2023 |
| Basser Center For Brca At The University Of PennRESEARCH | Philadelphia, PA | $60K | 2022 |
| 50can IncEDUCATION | Washington, DC | $30K | 2022 |
| Force - Facing Our Risk Of Cancer EmpoweredRESEARCH | Tampa, FL | $20K | 2022 |
| Community Foundation Of Collier CountyDISASTER RELIEF | Naples, FL | $10K | 2022 |
| Saint Joseph High School MetuchenEDUCATION | Metuchen, NJ | $10K | 2022 |
| Greater Mercer Area Healthcare Foundation IncREHABILIATION SERVICES | Monmouth Bch, NJ | $2K | 2022 |
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