Article Iii-trust Under Will of John Glasson Areson
Article Iii-trust Under Will of John Glasson Areson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 11 grants totaling $93K. Net investment income was $86K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-2.8% YoY
Annual Giving
$93K
-41.4% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$8K
-46.7% YoY
Under IRS private-foundation payout rules, Article Iii-trust Under Will of John Glasson Areson reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
About Article Iii-trust Under Will of John Glasson Areson
Based on IRS filings
Article Iii-trust Under Will of John Glasson Areson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 11 grants totaling $93K. Net investment income was $86K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,320,278 | $1,358,911 | $1,510,836 |
| Revenue | $149,240 | $55,623 | $183,741 |
| Expenses | $187,873 | $207,549 | $61,207 |
| Qualifying Distributions | $124,554 | $167,891 | $28,569 |
| Net Investment Income | $86,176 | $18,365 | $160,504 |
| Distributable Amount | $88,589 | $85,740 | $85,474 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwood School ($20,000), Community Food Bank of New Jersey ($15,000), Community Church of Cedar Grove ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUTISM SPEAKS BOONE, IA | GENERAL USE | $4,000 |
| PLANNED PARENTHOOD OF METRO NJ MONTCLAIR, NJ | ADMINISTRATION EXPENSES | $5,000 |
| COMMUNITY FOOD BANK OF NEW JERSEY HILLSIDE, NJ | GENERAL USE | $15,000 |
| COMMUNITY CHURCH OF CEDAR GROVE CEDAR GROVE, NJ | GENERAL SUPPORT | $12,000 |
| ST PETERS EPISCOPAL CHAURCH ESSEX FELLS, NJ | GENERAL SUPPORT | $3,000 |
| NORTHWOOD SCHOOL LAKE PLACID, NY | GENERAL SUPPORT | $20,000 |
| PROFILE HIGH SCHOOL FRANCONIA, NH | TRACK AND FIELD EQUIPMENT | $6,500 |
| VNA HOSPICE HOLMDEL, NJ | GENERAL SUPPORT GRANT | $5,000 |
| LAFAYETTE REGIONAL SCHOOL FRANCONIA, NH | MULTI-MEDIA SETUP EQUIPMENT | $10,800 |
| WILLIAM PATERSON UNIVERSITY WAYNE, NJ | GENERAL SUPPORT | $1,723 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FREDERICK C FERGUSON | TRUSTEE | 1 | $9,786 |
| CRAIG C LARSON | TRUSTEE | 1 | $5,054 |
| AUDREY NEVINS | TRUSTEE | 1 | $4,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Article Iii-trust Under Will of John Glasson Areson?
Article Iii-trust Under Will of John Glasson Areson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $1.3M in total assets as of 2024.
How large is Article Iii-trust Under Will of John Glasson Areson?
As of 2024, Article Iii-trust Under Will of John Glasson Areson holds $1.3M in total assets with $149K in annual revenue. It awarded 11 grants totaling $93K in 2024.
Where does Article Iii-trust Under Will of John Glasson Areson operate?
Article Iii-trust Under Will of John Glasson Areson has awarded grants in Iowa, New Hampshire, New Jersey, New York, Pennsylvania.
What size grants does Article Iii-trust Under Will of John Glasson Areson award?
In 2024, Article Iii-trust Under Will of John Glasson Areson awarded 11 grants totaling $93K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Article Iii-trust Under Will of John Glasson Areson required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Article Iii-trust Under Will of John Glasson Areson reported a distributable amount of $89K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Article Iii-trust Under Will of John Glasson Areson's EIN?
Article Iii-trust Under Will of John Glasson Areson's EIN (Employer Identification Number) is 06-6537932. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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