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
Under IRS private-foundation payout rules, Edison Properties Newark Foundation reported a distributable amount of $383K for 2024 — the minimum it must pay out in qualifying distributions.
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
**
Ready to take the next step with Edison Properties Newark Foundation?
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
Among its reported 2024 grants, the largest include New Jersey Performing Arts Center ($48,000), City Parks Foundation ($30,000), Teach for America Nj ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASIAN AMERICANS FOR EQUALITY NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| BRICK EDUCATION NETWORK NEWARK, NJ | GENERAL SUPPORT | $15,000 |
| CARESPARC COMMUNITY CONNECTIONS INC NEWARK, NJ | GENERAL SUPPORT | $5,000 |
| CITY PARKS FOUNDATION NEWARK, NJ | GENERAL SUPPORT | $30,000 |
| COMMUNITY FOUNDATION OF NEW JERSEY MORRISTOWN, NJ | GENERAL SUPPORT | $20,000 |
| COMMUNITY LEAGUE OF THE HEIGHTS NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| GLASS ROOTS NEWARK, NJ | GENERAL SUPPORT | $7,500 |
| HACKENSACK RIVERKEEPER HACKENSACK, NJ | GENERAL SUPPORT | $5,000 |
| HOUSING CONSERVATION COORDINATORS NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| HUDSON GUILD NEW YORK, NY | GENERAL SUPPORT | $5,000 |
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
Frequently Asked Questions
What does Edison Properties Newark Foundation fund?
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.
How do I apply for a grant from Edison Properties Newark Foundation?
**Grant Activity:** The foundation made approximately $312,200 in total grants in 2024. Recent grant recipients include: • New Jersey Performing Arts Center Corporation ($48,000) • City Parks Foundation ($30,000) • Students 2 Science ($20,000) **Grant Sizes:** Typical awards range from $41,000 to $160,000, with an average grant amount around $29,000 based on recent distribution patterns. **Application Process:** The foundation is open to new applicants.
Where does Edison Properties Newark Foundation make 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.
What size grants does Edison Properties Newark Foundation award?
In 2024, Edison Properties Newark Foundation awarded 36 grants totaling $312K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Edison Properties Newark Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edison Properties Newark Foundation reported a distributable amount of $383K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Edison Properties Newark Foundation's EIN?
Edison Properties Newark Foundation's EIN (Employer Identification Number) is 22-6872667. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Edison Properties Newark Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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