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Redhead Foundation Inc. is a private corporation based in BELMAR, NJ. The foundation received its IRS ruling in 2020. The principal officer is Karan T Taylor. It holds total assets of $460K. Annual income is reported at $96K. Total assets have grown from $100K in 2019 to $417K in 2023. The foundation is governed by 3 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 2020 to 2023. The foundation primarily funds organizations in New Jersey and Massachusetts. According to available records, Redhead Foundation Inc. has made 21 grants totaling $71K, with a median grant of $4K. Annual giving has grown from $6K in 2020 to $25K in 2023. Grantmaking activity was highest in 2022 with $40K distributed across 12 grants. Individual grants have ranged from $2K to $5K, with an average award of $3K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in New Jersey, District of Columbia, Pennsylvania, which account for 71% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$2K
Average Grant
$2K
Largest Grant
$2K
Based on 3 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.
Redhead Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in NJ, DC, PA.
Redhead Foundation Inc. has distributed a total of $71K across 21 grants. The median grant size is $4K, with an average of $3K. Individual grants have ranged from $2K to $5K.
Redhead Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Redhead Foundation Inc. is headquartered in BELMAR, NJ. While based in NJ, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karan T Taylor | SECRETARY, TREASURER | $0 | $0 | N/A |
| Daniel Deluca | TRUSTEE | $0 | $0 | N/A |
| Alexander B Taylor | PRESIDENT | $0 | $0 | N/A |
Total Giving
$30K
Total Assets
$417K
Fair Market Value
$417K
Net Worth
$417K
Grants Paid
$25K
Contributions
$90K
Net Investment Income
$16K
Distribution Amount
$18K
Total Grants
21
Total Giving
$71K
Average Grant
$3K
Median Grant
$4K
Unique Recipients
12
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Global GivingUNRESTRICTED CONTRIBUTION | Washington, DC | $5K | 2023 |
| Tom Coughlin Jay FundUNRESTRICTED CONTRIBUTION | Bloomfield, NJ | $5K | 2023 |
| No Limits CafeUNRESTRICTED CONTRIBUTION | Red Bank, NJ | $5K | 2023 |
| Marian HouseUNRESTRICTED CONTRIBUTION | Baltimore, MD | $5K | 2023 |
| Jersey CaresUNRESTRICTED CONTRIBUTION | Livingston, NJ | $3K | 2023 |
| Network For Good - Rallycap SportsUNRESTRICTED CONTRIBUTION | Washington, DC | $3K | 2023 |
| Pennsylvania Health Law ProjectUNRESTRICTED CONTRIBUTION | Philadelphia, PA | $4K | 2022 |
| Family Resource AssociatesUNRESTRICTED CONTRIBUTION | Red Bank, NJ | $4K | 2022 |
| Ali Forney CenterUNRESTRICTED CONTRIBUTION | New York, NY | $2K | 2022 |
| Americas Unite IncUNRESTRICTED CONTRIBUTION | West Newton, MA | $2K | 2022 |
| Jersey Shore Rescue MissionUNRESTRICTED CONTRIBUTION | Asbury Park, NJ | $2K | 2020 |
| Rosie'S PlaceUNRESTRICTED CONTRIBUTION | Boston, MA | $2K | 2020 |