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Also known as: F/K/A THE STERN FAMILY FOUNDATION
Stern Family Foundation is a private trust based in KEARNY, NJ. The foundation received its IRS ruling in 1998. The principal officer is % David Sussman Trustee. It holds total assets of $11.4M. Annual income is reported at $3.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Stern Family Foundation has made 9 grants totaling $2.7M, with a median grant of $325K. Annual giving has grown from $450K in 2020 to $705K in 2023. Grantmaking activity was highest in 2022 with $1M distributed across 2 grants. Individual grants have ranged from $3K to $700K, with an average award of $297K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New York and Maryland. Contributions to this foundation are tax-deductible.
Stern Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in NY, MD.
Stern Family Foundation has distributed a total of $2.7M across 9 grants. The median grant size is $325K, with an average of $297K. Individual grants have ranged from $3K to $700K.
Stern Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Stern Family Foundation is headquartered in KEARNY, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Sussman | TRUSTEE | $0 | $0 | $0 |
| Martin Ornstein | TREAS/SECTY | $0 | $0 | $0 |
Total Giving
$1M
Total Assets
$11.2M
Fair Market Value
$13.4M
Net Worth
$11.2M
Grants Paid
$705K
Contributions
$0
Net Investment Income
$72K
Distribution Amount
$655K
Total: $6.3M
Total Grants
9
Total Giving
$2.7M
Average Grant
$297K
Median Grant
$325K
Unique Recipients
4
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cong Kollel KaminetzCHARITABLE | Brooklyn, NY | $700K | 2023 |
| Cheder Chabad Of BaltimoreCHARITABLE | Baltimore, MD | $3K | 2023 |
| Tashbar SchoolCHARITABLE | Pikesville, MD | $3K | 2023 |
| MezyJEWISH INSTITUTION GRANTS | Brooklyn, NY | $130K | 2021 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
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