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Also known as: FOUNDATION
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Phyllis & Norman Lipsett Foundation is a private corporation based in WATCHUNG, NJ. The foundation received its IRS ruling in 1981. The principal officer is Brown Schultz Sheridan & Fri. It holds total assets of $1.8M. Annual income is reported at $918K. The foundation is governed by 3 officers and trustees. Tax records are available from 2016 to 2023. According to available records, Phyllis & Norman Lipsett Foundation has made 2 grants totaling $195K, with a median grant of $98K. Annual giving has grown from $85K in 2022 to $111K in 2023. Individual grants have ranged from $85K to $111K, with an average award of $98K. Grant recipients are concentrated in New Jersey. 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.
Phyllis & Norman Lipsett Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NJ.
Phyllis & Norman Lipsett Foundation has distributed a total of $195K across 2 grants. The median grant size is $98K, with an average of $98K. Individual grants have ranged from $85K to $111K.
Phyllis & Norman Lipsett Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (232185093) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Phyllis & Norman Lipsett Foundation is headquartered in WATCHUNG, NJ.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Julie Lipsett-Singer | VICE PRES/SE | $0 | $0 | N/A |
| Beth Berman | VICE PRESIDE | $0 | $0 | N/A |
| Yale Lipsett | VICE PRESIDE | $0 | $0 | N/A |
Total Giving
$135K
Total Assets
$1.8M
Fair Market Value
$2M
Net Worth
$1.8M
Grants Paid
$111K
Contributions
N/A
Net Investment Income
$34K
Distribution Amount
$99K
Total: $1.2M
Total Grants
2
Total Giving
$195K
Average Grant
$98K
Median Grant
$98K
Unique Recipients
1
Most Common Grant
$111K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleGENERAL PURPOSES | Watchung, NJ | $111K | 2023 |