Gackstatter Foundation Inc

HILLSBOROUGH, NJ EIN: 22-3504051

Gackstatter Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HILLSBOROUGH, 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 7 grants totaling $105K. Net investment income was $115K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+0.7% YoY

Annual Giving

$105K

+19.3% YoY

Grant Count

7

+16.7% YoY

Avg Grant Size

$15K

+2.3% YoY

Under IRS private-foundation payout rules, Gackstatter Foundation Inc reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.

About Gackstatter Foundation Inc

Based on IRS filings

Gackstatter Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HILLSBOROUGH, 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 7 grants totaling $105K. Net investment income was $115K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

13states
+5 more states

Cities

AshevilleAustinAvonBooneEnglewoodEssexFlemingtonFlushingGatlinburgGlendoraGrotonHartfordHillsboroughHopewellLawrenceMemphisNewarkPattersonPittstownPoint Pleasant Beach

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$45K$89K$134K$179K20202021202220232024
Metric202420232022
Total Assets$1,274,313$1,265,303$1,302,250
Revenue$126,690$64,751$40,204
Expenses$117,680$101,698$107,823
Qualifying Distributions$105,674$88,168$95,177
Net Investment Income$114,684$51,221$31,179
Distributable Amount$97,105$88,119$92,658

Giving Over Time

Total grant dollars and number of grants per year

$0$29K$58K$87K$116K12 grants202013 grants20217 grants20226 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

SAMARITANS PURSE$25KBELOVED ASHVILLE$25KMOUNTAIN WAYS$25KST JUDE$10KGIVE BUTTER$10KMERCY CHEFS$5KGREATER GOOD CHARITIES$5K

Grant Size Distribution

45 grants across all recorded years

45<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Samaritans Purse ($25,000), Beloved Ashville ($25,000), Mountain Ways ($25,000).

RecipientPurposeAmount
ST JUDE MEMPHIS, TNCHILDHOOD CANCER HELP$10,000
MERCY CHEFS Portsmouth, VADISASTER RELIEF$5,000
SAMARITANS PURSE BOONE, NCDISASTER RELIEF$25,000
BELOVED ASHVILLE ASHEVILLE, NCDISASTER RELIEF$25,000
GIVE BUTTER WASHINGTON, DCHUMAN NEED$10,000
MOUNTAIN WAYS GATLINBURG, TNDISASTER RELIEF$25,000
GREATER GOOD CHARITIES SEATTLE, WADISASTER RELIEF$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
RENATE MALEYPresident2
KAREN GACKSTATTERVice President2
CHRISTIAN GACKSTATTERTreasurer2
JACLYN NEUWIRTHSecretary2

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Gackstatter Foundation Inc?

Gackstatter Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HILLSBOROUGH, NJ. It holds $1.3M in total assets as of 2024.

How large is Gackstatter Foundation Inc?

As of 2024, Gackstatter Foundation Inc holds $1.3M in total assets with $127K in annual revenue. It awarded 7 grants totaling $105K in 2024.

Where does Gackstatter Foundation Inc operate?

Gackstatter Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Massachusetts, Maine, Missouri, North Carolina, New Jersey, New York, Tennessee, Texas, Virginia, Washington.

What size grants does Gackstatter Foundation Inc award?

In 2024, Gackstatter Foundation Inc awarded 7 grants totaling $105K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Gackstatter Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gackstatter Foundation Inc reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Gackstatter Foundation Inc's EIN?

Gackstatter Foundation Inc's EIN (Employer Identification Number) is 22-3504051. 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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