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Olitsky Family Foundation Inc. is a private corporation based in ASPEN, CO. The foundation received its IRS ruling in 2001. The principal officer is Stephen L Olitsky. It holds total assets of $4.3M. Annual income is reported at $1M. 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 2015 to 2024. The foundation primarily funds organizations in Colorado, Maryland and New York. According to available records, Olitsky Family Foundation Inc. has made 13 grants totaling $661K, with a median grant of $14K. Annual giving has grown from $291K in 2021 to $370K in 2022. Individual grants have ranged from $2K to $237K, with an average award of $51K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Pennsylvania, New York, Colorado, which account for 92% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$14K
Average Grant
$58K
Largest Grant
$237K
Based on 5 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.
Olitsky Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in PA, NY, CO.
Olitsky Family Foundation Inc. has distributed a total of $661K across 13 grants. The median grant size is $14K, with an average of $51K. Individual grants have ranged from $2K to $237K.
Olitsky Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Olitsky Family Foundation Inc. is headquartered in ASPEN, CO. While based in CO, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen Olitsky | Vice President | $0 | $0 | N/A |
| Tamar Olitsky | President | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$4.3M
Fair Market Value
N/A
Net Worth
$4.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
13
Total Giving
$661K
Average Grant
$51K
Median Grant
$14K
Unique Recipients
9
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Carnegie Mellon UnivGeneral | Pittsburgh, PA | $100K | 2022 |
| Drexel UnivGeneral | Philadelphia, PA | $75K | 2022 |
| Golshim L'Chaim- Skit To LiveGeneral | Aspen, CO | $5K | 2022 |
| Aspen Center For Environmental StudGeneral | Aspen, CO | $5K | 2022 |
| Jewish Communal FundGeneral | New York, NY | $237K | 2021 |
| Cure HhtGeneral | Monkton, MD | $25K | 2021 |
| Habitat For HumanityGeneral | Glenwood Springs, CO | $14K | 2021 |
| Chabad Jewish Community CtrCookbook Campaign | Aspen, CO | $14K | 2021 |
| Aspen Flight AcademyGeneral | Aspen, CO | $2K | 2021 |