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The Jax & Jad Foundation Inc. is a private corporation based in CLARKSBURG, MD. The foundation received its IRS ruling in 2022. The principal officer is % Akintokunboh Ilori. It holds total assets of $1K. Annual income is reported at $78K. PROVIDING FINANCIAL ASSISTANCEFOR FAMILIES IN NEED OF FOOD AND CARE. According to available records, The Jax & Jad Foundation Inc. has made 4 grants totaling $249K, with a median grant of $65K. Annual giving has grown from $51K in 2021 to $67K in 2023. Grantmaking activity was highest in 2022 with $131K distributed across 2 grants. Individual grants have ranged from $51K to $67K, with an average award of $62K. Contributions to this foundation are tax-deductible.
PROVIDING FINANCIAL ASSISTANCEFOR FAMILIES IN NEED OF FOOD AND CARE
Expenses: $51K
PROVIDING FINANCIAL ASSISTANCEFOR FAMILIES IN NEED OF FOOD AND CARE. Based on available records, the foundation has funded 4 grants.
The Jax & Jad Foundation Inc. has distributed a total of $249K across 4 grants. The median grant size is $65K, with an average of $62K. Individual grants have ranged from $51K to $67K.
The Jax & Jad Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Jax & Jad Foundation Inc. is headquartered in CLARKSBURG, MD.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Akintokunboh Ilori | PRESIDENT | $0 | $0 | $0 |
| Olutosin Oguntunde | SECRETARY | $0 | $0 | $0 |
Total Giving
$67K
Total Assets
$1K
Fair Market Value
$1K
Net Worth
$1K
Grants Paid
$67K
Contributions
$69K
Net Investment Income
$0
Distribution Amount
$0
Total Grants
4
Total Giving
$249K
Average Grant
$62K
Median Grant
$65K
Unique Recipients
1
Most Common Grant
$65K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| General CharitablFOOD AND CARE | Lagos | $67K | 2023 |
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