Irene Kandzie Scholarship Fund

PENNINGTON, NJ EIN: 75-3239047

Irene Kandzie Scholarship Fund is a private foundation focused on Education, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 1 grants totaling $245K. Net investment income was $563K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.5M

+5.1% YoY

Annual Giving

$245K

-1.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$245K

-1.5% YoY

Under IRS private-foundation payout rules, Irene Kandzie Scholarship Fund reported a distributable amount of $308K for 2024 — the minimum it must pay out in qualifying distributions.

About Irene Kandzie Scholarship Fund

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $1.2M (100%)

States

Massachusetts

Cities

Somerville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,528,939	$5,259,614	$5,372,060
Revenue	$597,189	$212,995	$451,079
Expenses	$323,463	$327,266	$249,552
Qualifying Distributions	$290,663	$291,331	$204,948
Net Investment Income	$563,468	$180,158	$415,596
Distributable Amount	$307,606	$287,695	$293,904

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Tufts University ($244,545).

Recipient	Purpose	Amount
TUFTS UNIVERSITY SOMERVILLE, MA	GENERAL OPERATING	$244,545

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	CO-TRUSTEE	2	$65,491
MR J CURTIS HYERS	CO-TRUSTEE	2	$11,373

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Irene Kandzie Scholarship Fund?

Irene Kandzie Scholarship Fund is a private foundation focused on Education, based in PENNINGTON, NJ. It holds $5.5M in total assets as of 2024.

How large is Irene Kandzie Scholarship Fund?

As of 2024, Irene Kandzie Scholarship Fund holds $5.5M in total assets with $597K in annual revenue. It awarded 1 grants totaling $245K in 2024.

Where does Irene Kandzie Scholarship Fund operate?

Irene Kandzie Scholarship Fund has awarded grants in Massachusetts.

What size grants does Irene Kandzie Scholarship Fund award?

In 2024, Irene Kandzie Scholarship Fund awarded 1 grants totaling $245K — an average of about $245K per grant, based on its IRS Form 990 filings.

How much is Irene Kandzie Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Irene Kandzie Scholarship Fund reported a distributable amount of $308K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Irene Kandzie Scholarship Fund's EIN?

Irene Kandzie Scholarship Fund's EIN (Employer Identification Number) is 75-3239047. IRS Form 990 filing data is available on this page for 2020–2024.