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Teufel Family Charitable Foundation Trust Agreement is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2008. The principal officer is Marchese & Maynard Llp. It holds total assets of $536K. Annual income is reported at $377K. 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 2018 to 2023. Funding is distributed across 4 states, including New Jersey, District of Columbia, New York. According to available records, Teufel Family Charitable Foundation Trust Agreement has made 17 grants totaling $168K, with a median grant of $10K. Annual giving has decreased from $118K in 2022 to $50K in 2023. Individual grants have ranged from $3K to $21K, with an average award of $10K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in New York, New Jersey, Maryland, which account for 65% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$6K
Average Grant
$8K
Largest Grant
$15K
Based on 4 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.
Teufel Family Charitable Foundation Trust Agreement primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in NY, NJ, MD.
Teufel Family Charitable Foundation Trust Agreement has distributed a total of $168K across 17 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $3K to $21K.
Teufel Family Charitable Foundation Trust Agreement typically selects its grantees rather than accepting unsolicited proposals.
Teufel Family Charitable Foundation Trust Agreement is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | CO-TRUSTEE | $10K | $0 | $10K |
| Victoria Brown | CO-TRUSTEE | $0 | $0 | N/A |
| Richard Teufel | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$61K
Total Assets
$547K
Fair Market Value
$660K
Net Worth
$547K
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$26K
Distribution Amount
$31K
Total: $449K
Total Grants
17
Total Giving
$168K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Texas Aggie Corps Of Cadets AssociationGENERAL OPERATING | Bryan, TX | $15K | 2023 |
| St John The Baptist Diocesan High SchoolGENERAL OPERATING | West Islip, NY | $15K | 2023 |
| Merk Of New Jersey IncGENERAL OPERATING | Paramus, NJ | $10K | 2023 |
| Doctors Without Borders Usa IncGENERAL OPERATING | New York, NY | $7K | 2023 |
| Georgetown UniversityGENERAL OPERATING | Washington, DC | $3K | 2023 |
| Fisher House Foundation IncGENERAL OPERATING | Rockville, MD | $10K | 2022 |
| Gary Sinise FoundationGENERAL OPERATING | Nashville, TN | $5K | 2022 |