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

No grants recorded for .

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

Related Funders

Similar funders by location and focus area

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

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