//
Also known as: C/O PETER ZUTTY
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Pangaea Foundation Inc. is a private corporation based in BOCA RATON, FL. The foundation received its IRS ruling in 2014. The principal officer is Peter Zutty. It holds total assets of $72K. Annual income is reported at $37K. Total assets have decreased from $350K in 2013 to $60K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of community development. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Pangaea Foundation Inc. has made 5 grants totaling $201K, with a median grant of $50K. Annual giving has decreased from $50K in 2020 to $21K in 2023. Grantmaking activity was highest in 2022 with $130K distributed across 2 grants. Individual grants have ranged from $1K to $65K, with an average award of $40K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Florida. 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.
Pangaea Foundation Inc. primarily funds organizations in the area of community development. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in FL.
Pangaea Foundation Inc. has distributed a total of $201K across 5 grants. The median grant size is $50K, with an average of $40K. Individual grants have ranged from $1K to $65K.
Pangaea Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Pangaea Foundation Inc. is headquartered in BOCA RATON, FL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Zutty | PRESIDENT | $0 | $0 | N/A |
| Robert G Fessler | VICE PRESIDENT | $0 | $0 | N/A |
| Declan Treacy | VICE PRESIDENT/SECRETARY | $0 | $0 | N/A |
Total Giving
$25K
Total Assets
$60K
Fair Market Value
$60K
Net Worth
$60K
Grants Paid
$21K
Contributions
N/A
Net Investment Income
$2K
Distribution Amount
$3K
Total: N/A
Total Grants
5
Total Giving
$201K
Average Grant
$40K
Median Grant
$50K
Unique Recipients
2
Most Common Grant
$65K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cruisey Baby InitiativeUNRESTRICTED | Delray Beach, FL | $1K | 2023 |
| Morningday Community SolutionsUNRESTRICTED | Pompano Beach, FL | $20K | 2023 |