Gertie F Marx Private Fdn

Foundation · Grantmaker PENNINGTON, NJ EIN: 20-3278852

Gertie F Marx Private Fdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 4 grants totaling $149K. Net investment income was $107K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

-2.9% YoY

Annual Giving

$149K

-2.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$37K

-2.1% YoY

Under IRS private-foundation payout rules, Gertie F Marx Private Fdn reported a distributable amount of $144K for 2024 — the minimum it must pay out in qualifying distributions.

About Gertie F Marx Private Fdn

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $227K (50%)

Illinois $114K (25%)

Wisconsin $114K (25%)

States

Illinois New York Wisconsin

Cities

BronxMilwaukeeSchaumburgWestbury

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2021
Total Assets	$2,585,980	$2,664,281	$2,837,623
Revenue	$134,463	$104,981	$261,934
Expenses	$214,550	$218,165	$237,605
Qualifying Distributions	$187,076	$189,159	—
Net Investment Income	$106,523	$77,247	$230,814
Distributable Amount	$143,900	$139,034	$158,464

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Northwell Health Foundation ($37,262), Albert Einstein College of Med ($37,262), Fdn for Anesthesia Educ Rsch ($37,262).

Recipient	Purpose	Amount
NORTHWELL HEALTH FOUNDATION Westbury, NY	GENERAL OPERATING	$37,262
ALBERT EINSTEIN COLLEGE OF MED BRONX, NY	GENERAL OPERATING	$37,262
FDN FOR ANESTHESIA EDUC RSCH SCHAUMBURG, IL	GENERAL OPERATING	$37,262
SOC FOR OBSTETRIC ANESTHESIA MILWAUKEE, WI	GENERAL OPERATING	$37,262

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA N A	C0-TRUSTEE	2	$36,921
DR RONALD SIMON	CO-TRUSTEE	2	$26,459

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Gertie F Marx Private Fdn?

Gertie F Marx Private Fdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $2.6M in total assets as of 2024.

How large is Gertie F Marx Private Fdn?

As of 2024, Gertie F Marx Private Fdn holds $2.6M in total assets with $134K in annual revenue. It awarded 4 grants totaling $149K in 2024.

Where does Gertie F Marx Private Fdn operate?

Gertie F Marx Private Fdn has awarded grants in Illinois, New York, Wisconsin.

What size grants does Gertie F Marx Private Fdn award?

In 2024, Gertie F Marx Private Fdn awarded 4 grants totaling $149K — an average of about $37K per grant, based on its IRS Form 990 filings.

How much is Gertie F Marx Private Fdn required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gertie F Marx Private Fdn reported a distributable amount of $144K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.