Nemec Family Fund is a private trust based in ALBANY, NY. The foundation received its IRS ruling in 2009. The principal officer is % The Ayco Company Lp - Ntg. It holds total assets of $2.4M. Annual income is reported at $846K. PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT. According to available records, Nemec Family Fund has made 8 grants totaling $130K, with a median grant of $9K. Annual giving has grown from $35K in 2022 to $95K in 2023. Individual grants have ranged from $3K to $62K, with an average award of $16K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Pennsylvania, Connecticut, District of Columbia, which account for 63% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 510(C)(3).
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in PA, CT, DC.
Nemec Family Fund has distributed a total of $130K across 8 grants. The median grant size is $9K, with an average of $16K. Individual grants have ranged from $3K to $62K.
Nemec Family Fund typically selects its grantees rather than accepting unsolicited proposals.
Nemec Family Fund is headquartered in ALBANY, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jennifer Bergeron | TRUSTEE | $0 | $0 | $0 |
| Joseph Nemec Jr | TRUSTEE | $0 | $0 | $0 |
| Jutta M Nemec | TRUSTEE | $0 | $0 | $0 |
| Joseph Edward Nemec Iii | TRUSTEE | $0 | $0 | $0 |
| John Williams Nemec | TRUSTEE | $0 | $0 | $0 |
Total Giving
$111K
Total Assets
$2.3M
Fair Market Value
$2.6M
Net Worth
$2.3M
Grants Paid
$95K
Contributions
$0
Net Investment Income
$62K
Distribution Amount
$119K
Total: $1.6M
Total Grants
8
Total Giving
$130K
Average Grant
$16K
Median Grant
$9K
Unique Recipients
5
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S Hospital Of Philadelphia FoundationGENERAL | Philadelphia, PA | $62K | 2023 |
| New Canaan Country SchoolGeneral | New Canaan, CT | $20K | 2023 |
| National Cathedral SchoolGENERAL | Washington, DC | $8K | 2023 |
| Adaptive Sports At Mount SnowGeneral | West Dover, VT | $3K | 2023 |
| Concord Hill SchoolGENERAL | Chevy Chase, MD | $3K | 2023 |
| Carmen Lamas |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| Michael Paul Nemec | TRUSTEE | $0 | $0 | $0 |
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