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Also known as: FOUNDATION INC C/O WARD C LARACY
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Mustang Foundation Inc. is a private corporation based in OCEANPORT, NJ. The foundation received its IRS ruling in 2018. The principal officer is Frances Turner. It holds total assets of $30.4M. Annual income is reported at $28.5M. Total assets have grown from N/A in 2019 to $19M in 2023. 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 2017 to 2023. According to available records, Mustang Foundation Inc. has made 37 grants totaling $1.6M, with a median grant of $10K. Individual grants have ranged from $1K to $510K, with an average award of $43K. The foundation has supported 37 unique organizations. The foundation primarily supports organizations in New Jersey, New York, California, which account for 73% of all grants. Grantmaking reaches organizations across 9 states. 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.
Mustang Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in NJ, NY, CA.
Mustang Foundation Inc. has distributed a total of $1.6M across 37 grants. The median grant size is $10K, with an average of $43K. Individual grants have ranged from $1K to $510K.
Mustang Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mustang Foundation Inc. is headquartered in OCEANPORT, NJ. While based in NJ, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karla L Arria-Devoe | TRUSTEE AND TREASURER | $0 | $0 | N/A |
| Paul Turner | TRUSTEE AND VICE-PRESIDENT | $0 | $0 | N/A |
| Andrea R Arria-Devoe | TRUSTEE AND SECRETARY | $0 | $0 | N/A |
| Frances Turner | TRUSTEE AND PRESIDENT | $0 | $0 | N/A |
Total Giving
$1.7M
Total Assets
$19M
Fair Market Value
$20.9M
Net Worth
$19M
Grants Paid
$1.6M
Contributions
N/A
Net Investment Income
$678K
Distribution Amount
$988K
Total: $17.5M
Total Grants
37
Total Giving
$1.6M
Average Grant
$43K
Median Grant
$10K
Unique Recipients
37
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Monmouth County SpcaGENERAL SUPPORT | Eatontown, NJ | $510K | 2023 |
| The Climate MuseumGENERAL SUPPORT | New York, NY | $250K | 2023 |
| Roundabout Theater CompanyGENERAL SUPPORT | New York, NY | $150K | 2023 |
| Wharton Institute For The Performing ArtsGENERAL SUPPORT | Berkeley Heights, NJ | $100K | 2023 |
| Gentle Giants Draft Horse RescueGENERAL SUPPORT | Mt Airy, MD | $75K | 2023 |
| Earth Island InstituteGENERAL SUPPORT | Berkeley, CA | $50K | 2023 |
| The Brigid AllianceGENERAL SUPPORT | New York, NY | $50K | 2023 |
| Path HomeGENERAL SUPPORT | Portland, OR | $40K | 2023 |
| Count Basie TheaterGENERAL SUPPORT | Red Bank, NJ | $30K | 2023 |
| Boomer Esiason FoundationGENERAL SUPPORT | Garden City Park, NY | $30K | 2023 |
| Justice OutsideGENERAL SUPPORT | Oakland, CA | $25K | 2023 |
| The Metropolitan OperaGENERAL SUPPORT | New York, NY | $25K | 2023 |
| The Bridge ProjectGENERAL SUPPORT | New York, NY | $25K | 2023 |
| Lunch BreakGENERAL SUPPORT | Red Bank, NJ | $25K | 2023 |
| Allaire Community FarmGENERAL SUPPORT | Wall Township, NJ | $25K | 2023 |
| Bloom Where PlantedGENERAL SUPPORT | Pasadena, CA | $20K | 2023 |
| National Dance InstituteGENERAL SUPPORT | New York, NY | $20K | 2023 |
| Soup Kitchen 411GENERAL SUPPORT | Bethlehem, PA | $15K | 2023 |
| Oregon TradeswomenGENERAL SUPPORT | Portland, OR | $10K | 2023 |
| Adelante MujerresGENERAL SUPPORT | Forest Grove, OR | $10K | 2023 |
| The Center For Art & AdvocacyGENERAL SUPPORT | Brooklyn, NY | $10K | 2023 |
| Coalition For The HomelessGENERAL SUPPORT | New York, NY | $10K | 2023 |
| LiftGENERAL SUPPORT | Washington, DC | $10K | 2023 |
| CittaGENERAL SUPPORT | New York, NY | $10K | 2023 |
| Mib AgentsGENERAL SUPPORT | Barnard, VT | $10K | 2023 |
| Little EssentialsGENERAL SUPPORT | Brooklyn, NY | $10K | 2023 |
| Symphony SpaceGENERAL SUPPORT | New York, NY | $10K | 2023 |
| Women Moving Millions IncGENERAL SUPPORT | New York, NY | $10K | 2023 |
| Rose HavenGENERAL SUPPORT | Portland, OR | $5K | 2023 |
| Nontoxic CertifiedGENERAL SUPPORT | Dobbs Ferry, NY | $5K | 2023 |
| Bradley AngleGENERAL SUPPORT | Portland, OR | $5K | 2023 |
| Friends Of The South Harwich Meetinghouse IncGENERAL SUPPORT | Harwich, MA | $5K | 2023 |
| Casa For ChildrenGENERAL SUPPORT | Newark, NJ | $5K | 2023 |
| Grow NycGENERAL SUPPORT | New York, NY | $3K | 2023 |
| The Frances FoundationGENERAL SUPPORT | Holmdel, NJ | $2K | 2023 |
| Ymca Of Greater Monmouth CountyGENERAL SUPPORT | Shrewsbury, NJ | $2K | 2023 |
| Monmouth Park Charity FundGENERAL SUPPORT | Oceanport, NJ | $1K | 2023 |