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Morace Family Foundation A Nj Nonprofit Corporation is a private corporation based in RAMSEY, NJ. The foundation received its IRS ruling in 2008. The principal officer is John L Morace. It holds total assets of $1.4M. Annual income is reported at $45K. Total assets have grown from $643K in 2011 to $1.4M in 2024. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, Morace Family Foundation A Nj Nonprofit Corporation has made 4 grants totaling $405K, with a median grant of $96K. Annual giving has decreased from $176K in 2022 to $105K in 2024. Individual grants have ranged from $88K to $125K, with an average award of $101K. Grant recipients are concentrated in New Jersey. 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.
Morace Family Foundation A Nj Nonprofit Corporation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NJ.
Morace Family Foundation A Nj Nonprofit Corporation has distributed a total of $405K across 4 grants. The median grant size is $96K, with an average of $101K. Individual grants have ranged from $88K to $125K.
Morace Family Foundation A Nj Nonprofit Corporation typically selects its grantees rather than accepting unsolicited proposals.
Morace Family Foundation A Nj Nonprofit Corporation is headquartered in RAMSEY, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Catherine Warnet | DIRECTOR | $0 | $0 | N/A |
| Philip M Morace | DIRECTOR | $0 | $0 | N/A |
| Barbara Ann Saderman | DIRECTOR | $0 | $0 | N/A |
| John Morace | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.4M
Fair Market Value
N/A
Net Worth
$1.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$405K
Average Grant
$101K
Median Grant
$96K
Unique Recipients
1
Most Common Grant
$88K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Details Of Contributions To Charitable Organizations Available Upon RequestGENERAL OPERATING BUDGET | Ramsey, NJ | $105K | 2024 |