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Okane Family Foundation is a private trust based in MONTCLAIR, NJ. The foundation received its IRS ruling in 2014. The principal officer is Kevin And Margaret Okane. It holds total assets of $5.1M. Annual income is reported at $1.2M. Total assets have grown from $2.5M in 2013 to $5.2M in 2023. The foundation is governed by 2 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 2023. The foundation primarily funds organizations in New Jersey, New York and Massachusetts. According to available records, Okane Family Foundation has made 26 grants totaling $623K, with a median grant of $25K. Annual giving has grown from $173K in 2021 to $451K in 2022. Individual grants have ranged from $3K to $50K, with an average award of $24K. The foundation has supported 10 unique organizations. Grants have been distributed to organizations in New York and New Jersey and Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$20K
Median Grant
$25K
Average Grant
$93K
Largest Grant
$550K
Based on 8 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.
Okane Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in NY, NJ, MA.
Okane Family Foundation has distributed a total of $623K across 26 grants. The median grant size is $25K, with an average of $24K. Individual grants have ranged from $3K to $50K.
Okane Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Okane Family Foundation is headquartered in MONTCLAIR, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Margaret O'Kane | Trustee | $0 | $0 | N/A |
| Kevin O'Kane | Trustee | $0 | $0 | N/A |
Total Giving
$782K
Total Assets
$5.2M
Fair Market Value
$7.2M
Net Worth
$5.2M
Grants Paid
$743K
Contributions
N/A
Net Investment Income
$463K
Distribution Amount
$336K
Total: $5M
Total Grants
26
Total Giving
$623K
Average Grant
$24K
Median Grant
$25K
Unique Recipients
10
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ali Forney CenterHELP FEED THE HOMELESS. | New York, NY | $50K | 2022 |
| The Bowery Mission Support CenterSTANDING WITH NEW YORKERS DURING THEIR MOMENTS OF HOMELESSNESS, VARIOUS DISASTERS AND MOMENTS OF CRISES. | New York, NY | $50K | 2022 |
| Montclair High School AlumniEDUCATION | Montclair, NJ | $35K | 2022 |
| Usher 1f CollaborativeTO FUND MEDICAL RESEARCH TO FIND AN EFFECTIVE TREATMENT TO SAVE OR RESTORE THE VISION OF THOSE WITH USHER SYNDROME TYPE 1F. | Newtonville, MA | $25K | 2022 |
| Toni'S KitchenFOOD MINISTRY OF ST.LUKE'S EPISCOPAL CHURCH. | Montclair, NJ | $25K | 2022 |
| Center For Hearing And CommunicatioHEARING HEALTHCARE FOR PEOPLE OF ALL AGES. | New York, NY | $25K | 2022 |
| Montclair Neighborhood DevelopmentThe Mission of MNDC is to empower and support disadvantaged individuals, youth, and families alike, to achieve an improved quality of life through training, education, and advocacy. | Montclair, NJ | $10K | 2022 |
| Partners For Health FoundationPartnering to advance health equity through learning, grantmaking, and advocating. | Montclair, NJ | $3K | 2022 |
| The Montclair FoundationThe Montclair Foundation was established to support not-for-profit organizations that meet health, educational, cultural, social service and quality of life needs in the greater Montclair community. It offers concerned citizens a way to assure the continuing vitality of Montclair and serves as a permanent conduit for charitable giving. | Montclair, NJ | $3K | 2022 |
| Bloomfield CollegeEDUCATION | Bloomfield, NJ | $25K | 2021 |