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The Albert And Ann Margolies Perpetual Charitable Trust is a private trust based in SCRANTON, PA. The foundation received its IRS ruling in 1998. The principal officer is Robert Mcdaniel Ttee. It holds total assets of $678K. Annual income is reported at $196K. Total assets have decreased from $862K in 2011 to $633K in 2023. The foundation is governed by 1 officer or trustee. 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 2021 to 2024. According to available records, The Albert And Ann Margolies Perpetual Charitable Trust has made 20 grants totaling $225K, with a median grant of $10K. The foundation has distributed between $50K and $60K annually from 2021 to 2024. Grantmaking activity was highest in 2022 with $60K distributed across 4 grants. Individual grants have ranged from $10K to $15K, with an average award of $11K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Pennsylvania. 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.
The Albert And Ann Margolies Perpetual Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in PA.
The Albert And Ann Margolies Perpetual Charitable Trust has distributed a total of $225K across 20 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from $10K to $15K.
The Albert And Ann Margolies Perpetual Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
The Albert And Ann Margolies Perpetual Charitable Trust is headquartered in SCRANTON, PA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peoples Security Bank Trust Co | Trustee | $10K | $0 | $10K |
Total Giving
$72K
Total Assets
$633K
Fair Market Value
$1M
Net Worth
$633K
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$51K
Distribution Amount
$50K
Total: $575K
Total Grants
20
Total Giving
$225K
Average Grant
$11K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lackawanna Blind AssociationGENERAL PURPOSE | Scranton, PA | $10K | 2024 |
| United Way Of Lackawanna & Wayne CntyGENERAL PURPOSES | Scranton, PA | $10K | 2024 |
| Geisinger Health System FoundationGENERAL PURPOSE | Danville, PA | $10K | 2024 |
| Elan Gardens IncGENERAL PURPOSES | South Abington Twp, PA | $10K | 2024 |
| Jewish Family Services Of Ne PaGENERAL PURPOSE | Scranton, PA | $10K | 2024 |
| Jewish Community CenterGENERAL PURPOSE | Scranton, PA | $10K | 2024 |
| United Way Of Lackaewanna AndGENERAL PURPOSE | Scranton, PA | $10K | 2021 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA