Korones Family Foundation

MONTCLAIR, NJ EIN: 47-1256650

Korones Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MONTCLAIR, NJ. IRS filing data is available from 2021 through 2025. In 2025, it awarded 16 grants totaling $126K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$126K

-3.6% YoY

Grant Count

16

+33.3% YoY

Avg Grant Size

$8K

-27.7% YoY

About Korones Family Foundation

Based on IRS filings

Korones Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MONTCLAIR, NJ. IRS filing data is available from 2021 through 2025. In 2025, it awarded 16 grants totaling $126K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

10states
+2 more states

Cities

ATLANTABALTIMOREBOSTONELIZABETHKENTLOS ANGELESLOS ANGLESMEMPHISMONTCLAIRMONTGOMERYNASHVILLENEW YORKOAKLANDROCHESTERSILVER SPRINGWASHINGTON

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120212022202320242025
Metric202520242023
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$36K$72K$108K$144K11 grants202111 grants202214 grants202312 grants202416 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

ASLAN PROJECT$15KFACING HISTORY AND OURSE…$15KNATIONAL CIVIL RIGHTS MU…$15KTENNESSEE JUSTICE CENTER$15KTENNESSEE IMMIGRANT & RE…$10KCATHOLIC CHARITIES OF WE…$10KMEMPHIS SYMPHONY ORCHESTRA$10KPALESTINE CHILDREN'S REL…$5KHEAL PALESTINE$5KMONTCLAIR JAZZ FESTIVAL$5K

Grant Size Distribution

64 grants across all recorded years

64<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Aslan Project ($15,000), Facing History and Ourselves ($15,000), National Civil Rights Museum ($15,000).

RecipientPurposeAmount
ASLAN PROJECT WASHINGTON, DCHELPING CHILDREN WITH CANCER$15,000
CATHOLIC CHARITIES OF WEST TENNESSEE MEMPHIS, TNOFFERS EMERGENCY SERVICES, HOMELESS SERVICES, AND COMMUNITY SUPPORT SERVICES FOR THOSE IN NEED.$10,000
FACING HISTORY AND OURSELVES MEMPHIS, TNENGAGE STUDENTS OF DIVERSE BACKGROUNDS IN AN EXAMINATION OF RACISM, PREJUDICE, AND ANTISEMITISM$15,000
HEAL PALESTINE KENT, OHDELIVER URGENT RELIEF AND LONG-TERM SUPPORT TO CHILDREN & FAMILIES.$5,000
MAKE THE ROAD NJ ELIZABETH, NJBUILDS THE POWER OF IMMIGRANT AND WORKING-CLASS COMMUNITIES IN NJ.$2,581
MEMPHIS SYMPHONY ORCHESTRA MEMPHIS, TNINSPIRE COMMUNITY THROUGH MEANINGFUL MUSICAL EXPERIENCES AND EDUCATIONAL PROGRAMS$10,000
MONTCLAIR JAZZ FESTIVAL MONTCLAIR, NJTO SUPPORT ANNUAL JAZZ FESTIVAL$5,000
MONTCLAIR LOCAL NEWS MONTCLAIR, NJINDEPENDENT LOCAL NEWS ORGANIZATION$2,500
MY CUP OF TEA MEMPHIS, TNPROVIDING THE WOMEN OF ORANGE MOUND WITH EMPLOYMENT$5,000
NATIONAL CIVIL RIGHTS MUSEUM MEMPHIS, TNCIVIL RIGHTS SUPPORT AND EDUCATION$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

NameTitleHoursCompensation
DAVID N KORONESDIRECTOR AND PRESIDENT1
SUSAN K GIFFORDDIRECTOR, TREASURER, SECRE1
ANN R FALSEYDIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Korones Family Foundation?

Korones Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MONTCLAIR, NJ. It holds — in total assets as of 2025.

Where does Korones Family Foundation operate?

Korones Family Foundation has awarded grants in Alabama, California, District of Columbia, Georgia, Massachusetts, Maryland, New Jersey, New York, Ohio, Tennessee.

What size grants does Korones Family Foundation award?

In 2025, Korones Family Foundation awarded 16 grants totaling $126K — an average of about $8K per grant, based on its IRS Form 990 filings.

What is Korones Family Foundation's EIN?

Korones Family Foundation's EIN (Employer Identification Number) is 47-1256650. IRS Form 990 filing data is available on this page for 2021–2025.

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Related Funders

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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