Edison Properties Newark Foundation
The Edison Properties Newark Foundation is a private independent foundation based in Newark, New Jersey. Established in 2000 and tax-exempt since 2001, the foundation operates as a grantmaking organization focused on philanthropic activities in the Newark area and beyond.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.7M
+3.4% YoY
Annual Giving
$312K
+7.8% YoY
Grant Count
36
-12.2% YoY
Avg Grant Size
$9K
+22.8% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Education
- Human services
- Community development
Special emphasis is directed toward programs designed to improve the quality of life in Newark, New Jersey.
Grantmaking
The foundation made approximately $312,200 in total grants in 2024. Recent grant recipients include:
Grant Range
s:**
Average Grant
amount around $29,000 based on recent distribution patterns.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple states including:
- California
- Colorado
- Delaware
- Florida
- Georgia
- Illinois
- Massachusetts
- New Jersey
- New York
- Texas
- Washington
Primary focus remains on Newark, New Jersey, though the foundation supports initiatives in major urban centers across the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $7,732,533
- Total revenues: $577,073
- Investment income and dividends: $541,629
- Total expenses: $321,372
- Total liabilities: $360
Historical Assets (2023):
- Total assets: $7,480,000
- Total revenues: $201,099
- Total expenses: $301,279
The foundation maintains a strong asset base with investment income as its primary revenue source.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,732,533 | $7,477,192 | $7,574,155 |
| Revenue | $577,073 | $201,099 | $432,680 |
| Expenses | $321,372 | $301,279 | $443,432 |
| Qualifying Distributions | $315,050 | $292,600 | $432,761 |
| Net Investment Income | $576,886 | $218,095 | $429,001 |
| Distributable Amount | $383,269 | $332,728 | $340,450 |
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
211 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by uncompensated trustees:
- Gary Debode
- Margery Gottesman
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY DEBODE | TRUSTEE | 0.1 | — |
| MARGERY GOTTESMAN | TRUSTEE | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking operations with recent distributions supporting arts, education, and community development initiatives. The foundation maintains offices at 110 Edison Place, Suite 300, Newark, New Jersey.
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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