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Also known as: PRIVATE FOUNDATION INC
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Richard And Mary Jacobson Private Foundation Inc. is a private corporation based in FAR HILLS, NJ. The foundation received its IRS ruling in 2011. The principal officer is Stephen P Lichstein. It holds total assets of $845K. Annual income is reported at $293K. The foundation is governed by 3 officers and trustees. The foundation is formed exclusively to engage in such charitable, religious, scientific, literary and educational purposes as shall be in the furtherance of the public welfare and shall tend to promote the well-being of mankind. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Funding is distributed across 4 states, including New Jersey, Illinois, District of Columbia. According to available records, Richard And Mary Jacobson Private Foundation Inc. has made 37 grants totaling $253K, with a median grant of $5K. Annual giving has grown from $54K in 2021 to $69K in 2023. Grantmaking activity was highest in 2022 with $130K distributed across 20 grants. Individual grants have ranged from $1K to $25K, with an average award of $7K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Illinois, New Jersey, Virginia, which account for 54% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$8K
Largest Grant
$20K
Based on 6 grants from the most recent 990-PF filing.
The foundation is formed exclusively to engage in such charitable, religious, scientific, literary and educational purposes as shall be in the furtherance of the public welfare and shall tend to promote the well-being of mankind.
Expenses: N/A
The foundation is formed exclusively to engage in such charitable, religious, scientific, literary and educational purposes as shall be in the furtherance of the public welfare and shall tend to promote the well-being of mankind. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in IL, NJ, VA.
Richard And Mary Jacobson Private Foundation Inc. has distributed a total of $253K across 37 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $1K to $25K.
Richard And Mary Jacobson Private Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Richard And Mary Jacobson Private Foundation Inc. is headquartered in FAR HILLS, NJ. While based in NJ, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard F Jacobson | TRUSTEE | $0 | $0 | N/A |
| Mary Margaret Jacobson | TRUSTEE | $0 | $0 | N/A |
| Julia M Jacobson | TRUSTEE | $0 | $0 | N/A |
Total Giving
$84K
Total Assets
$808K
Fair Market Value
$1.1M
Net Worth
$808K
Grants Paid
$69K
Contributions
N/A
Net Investment Income
$5K
Distribution Amount
N/A
Total Grants
37
Total Giving
$253K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
12
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Chicago Hope AcademyFOR SCHOLARSHIPS | Chicago, IL | $25K | 2023 |
| Magnificat Home IncDONATION | Jersey City, NJ | $7K | 2023 |
| Hope Through EducationFOR SCHOLARSHIPS | Bedminster, NJ | $5K | 2023 |
| The Petey Greene ProgramDONATION | Princeton, NJ | $5K | 2023 |
| Ohr Torah StoneDONATION | New York, NY | $5K | 2023 |
| Central Missionary ClearinghouseDONATION | Houston, TX | $5K | 2023 |
| Mdi Biological LaboratoryDONATION | Bar Harbor, ME | $5K | 2023 |
| Foundation Of The Old GuardDONATION | Ft Myer, VA | $5K | 2023 |
| Friends Of Harvard Field HockeyDONATION | Cambridge, MA | $5K | 2023 |
| Equal Justice InitiativeDONATION | Montgomery, AL | $2K | 2023 |
| Community Of The Franciscan FriarsDONATION | Bronx, NY | $1K | 2022 |
| Assoication Of The Us ArmyDONATION | Arlington, VA | $5K | 2021 |