Korones Family Foundation
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.
Key facts about Korones Family Foundation
In short: Korones Family Foundation gave $126K across 16 grants in 2025 (avg $8K), mostly in Tennessee. 56% of 2025 grantees were new. Source: 2025 IRS Form 990 filing.
- EIN
- 47-1256650
- Latest 990 filing
- Form 990 filing, 2025
- Annual giving (2025)
- $126,351
- Grants made (2025)
- 16
- Average grant
- $7,897
- Median grant
- $5,083
- New grantees (estimate)
- 56% first-time grantees (9 of 16, 2025)
- Primary geography
- Tennessee (64% of itemized 2025 grant dollars)
Data from IRS Form 990 filing, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 filing · View filing
Total Assets
—
Annual Giving
$126K
-3.6% YoY
Grant Count
16
+33.3% YoY
Avg Grant Size
$8K
-27.7% YoY
Is Korones Family Foundation open to new grantees?
56%
first-time grantees, 2025
In 2025, 9 of 16 grantees (56%) were first-time recipients. First grants averaged $5K; repeat grants $11K. How we count
Medians: $5K first-time, $15K repeat.
- 44% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−12%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ASLAN PROJECT Washington, DC | HELPING CHILDREN WITH CANCER | $15,000 |
| FACING HISTORY AND OURSELVES Memphis, TN | ENGAGE STUDENTS OF DIVERSE BACKGROUNDS IN AN EXAMINATION OF RACISM, PREJUDICE, AND ANTISEMITISM | $15,000 |
| NATIONAL CIVIL RIGHTS MUSEUM Memphis, TN | CIVIL RIGHTS SUPPORT AND EDUCATION | $15,000 |
| TENNESSEE JUSTICE CENTER Nashville, TN | ASSIST WITH HEALTHCARE AND LEGAL SERVICES TO NEEDY AND DISABLED PEOPLE | $15,000 |
| TENNESSEE IMMIGRANT & REFUGEE RIGHTS COALITION Nashville, TN | MISSION IS TO BUILD POWER, AMPLIFY OUR VOICES, AND ORGANIZE COMMUNITIES TO ADVOCATE FOR OUR RIGHTS. | $10,325 |
| CATHOLIC CHARITIES OF WEST TENNESSEE Memphis, TN | OFFERS EMERGENCY SERVICES, HOMELESS SERVICES, AND COMMUNITY SUPPORT SERVICES FOR THOSE IN NEED. | $10,000 |
| MEMPHIS SYMPHONY ORCHESTRA Memphis, TN | INSPIRE COMMUNITY THROUGH MEANINGFUL MUSICAL EXPERIENCES AND EDUCATIONAL PROGRAMS | $10,000 |
| PALESTINE CHILDREN'S RELIEF FUND Los Angles, CA | TO PROVIDE MEDICAL AND HUMANITARIAN RELIEF COLLECTIVELY AND INDIVIDUALLY TO CHILDREN THROUGHOUT THE LEVANT. | $5,165 |
| HEAL PALESTINE Kent, OH | DELIVER URGENT RELIEF AND LONG-TERM SUPPORT TO CHILDREN & FAMILIES. | $5,000 |
| MONTCLAIR JAZZ FESTIVAL Montclair, NJ | TO SUPPORT ANNUAL JAZZ FESTIVAL | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Korones Family Foundation is led by David N. Korones, Director & President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
David N. Korones
Director & President
On filings since 2021
1 hr/week
No compensation reported
Ann R. Falsey
Director
On filings since 2021
1 hr/week
No compensation reported
Susan K. Gifford
Director, Treasurer & Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Korones Family Foundation
How much does Korones Family Foundation give each year?
Korones Family Foundation gave $126K across 16 grants in 2025, according to its 2025 IRS Form 990 filing. In 2024 it gave $131K across 12 grants.
What is Korones Family Foundation's typical grant size?
Korones Family Foundation's median grant in 2025 was $5,083, and its average grant was $7,897, across 16 grants on its 2025 IRS Form 990 filing. Organizations receiving their first grant from Korones Family Foundation that year got $5K on average.
Where does Korones Family Foundation give grants?
Korones Family Foundation gives mostly in Tennessee: 64% of the grant dollars itemized on its 2025 IRS Form 990 filing went to recipients there. The next largest states were District of Columbia (14%) and New Jersey (10%). The most frequent recipient cities were Memphis, TN (5 grants), Montclair, NJ (3 grants), Nashville, TN (2 grants) and Washington, DC (2 grants).
Does Korones Family Foundation give general operating support?
Not in 2025: none of the 16 grants with a stated purpose on Korones Family Foundation's 2025 IRS Form 990 filing were described as general or operating support.
Who are Korones Family Foundation's largest grantees?
Korones Family Foundation's largest 2025 grantees include Aslan Project ($15,000), Facing History and Ourselves ($15,000) and National Civil Rights Museum ($15,000), according to its 2025 IRS Form 990 filing. Together they received 36% of its itemized 2025 grant dollars.
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.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Korones Family Foundation by hand.
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