A Private Foundation located in SUMMIT, NJ



Latest data derived from the private foundation e-Filings updated by the IRS

IRS Form 990 PF

P

2023 Tax Year

About this Private Foundation: 450925


This private foundation, located in Summit, provides grants for various charitable purposes, focusing on philanthropy, voluntarism, and grantmaking. The foundation supports motivated public school students with demonstrated financial need by offering tuition assistance for college, tutoring, academic enrichment, summer camp experiences, and additional support. Approximately 75 children benefit from these initiatives, which aim to ensure participants achieve a post-secondary education and become productive adults. The foundation's commitment enhances opportunities for students, fostering their growth and success in education and life.

Foundation Profile


In the tax year 2024, a prominent private foundation located in Summit has made significant strides in enhancing educational opportunities for motivated students facing financial challenges. With total assets amounting to $1.4 million USD, the foundation has demonstrated its commitment to philanthropy through the distribution of approximately $978.9K USD in grants, reflecting a robust expenditure of $1.1 million USD. The foundation's mission centers around empowering a select group of public school students by providing essential support that ensures their academic success and transition into productive adulthood. This includes offering tuition assistance for college, tutoring services, academic enrichment programs, and enriching summer camp experiences. The foundation's focus is particularly on students who have demonstrated financial need, ensuring that approximately 75 children currently benefit from its programs. Grant opportunities are tailored to support initiatives that foster educational advancement and personal development. Funding priorities are centered on enhancing access to quality education and providing resources that encourage academic achievement. Eligible applicants typically include students from the local public school system who meet specific financial criteria, allowing the foundation to directly impact the lives of those who need it most. The foundation’s commitment to charitable giving extends beyond mere financial support; it aims to create a sustainable pathway for students to achieve a post-secondary education. By investing in the future of these young individuals, the foundation not only contributes to their personal growth but also to the broader community's welfare. For grant seekers, understanding the foundation's focus on education, voluntarism, and grantmaking is crucial. The foundation seeks to partner with motivated individuals and organizations that share a vision of enhancing educational opportunities and fostering a culture of learning and growth. With its strategic funding approach, the foundation continues to play a vital role in shaping the future of students in the Summit area, ensuring that they are equipped to thrive in their educational pursuits.
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SUMMIT, NJ

Summary

Assets

$1.4m

Distributions

$978.8k

Contributions

$1m

Grant Median

$

Count

0

Grant Max

$0
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Latest Tax e-Filing

2023

Published by IRS

2024

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# Name Title Hours / Wk Comp ($)

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State

NJ

City

SUMMIT

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Interest

Philanthropy, Voluntarism & Grantmaking Foundations

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About The Grant Portal 

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The Grant Portal is aimed at giving nonprofits unfettered access to a public dataset of Form 990 tax filings published by the IRS.

The project republishes the IRS dataset, verbatim, focusing exclusively on Form 990 PF, the form most commonly filed by private foundations.

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Nonprofit Grant Provider in SUMMIT, NJ with $1.4m in Assets