Korones Family Foundation
The Korones Family Foundation is a private foundation based in Montclair, New Jersey. Its 2025 grants supported organizations working in areas including civil rights education, health and humanitarian relief, social services, music, and media.
Korones Family Foundation at a glance
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-PF.
- Annual giving (2025)
- $126,351
- -3.6% vs 2024
- Grants made (2025)
- 16
- +33.3% vs 2024
- Average grant
- $7,897
- -27.7% vs 2024
- Median grant
- $5,083
- Total assets
- $2,591,573
- -3.4% vs 2024
- New grantees (estimate)
- 56% first-time grantees (9 of 16, 2025; small sample)
- Primary geography
- Tennessee (64% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Korones Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 163 Union Street, Montclair, NJ 07042
Phone: (973) 746-6276
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Korones Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Aslan Project ($15K). Together the top 10 received $105K.
Grant Size Distribution
64 grants across all recorded years
The most common grant size was under $50K: 64 grants of 64 (100%).
Geographic Focus
Where this funder awards grants
In 2025, Tennessee received 64% of grant dollars, followed by Washington, DC (14%), New Jersey (10%), California (4%), and Ohio (4%).
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
States
Cities
Is Korones Family Foundation open to new grantees?
56%
first-time grantees, 2025
In 2025, 9 of 16 grantees (56%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. 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
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $107K (2021) to $144K (2022). In 2025 it made 16 grants totaling $126K.
Grants by year
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 |
Ready to take the next step with Korones Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,591,573 | $161,684 | $162,267 | $126,351 | 16 | $126,351 | $125,768 | $133,853 |
| 2024 | $2,681,808 | $16,424 | $165,428 | $131,085 | 12 | $131,085 | $40,151 | $130,194 |
| 2023 | $2,504,659 | $-154,139 | $182,185 | $135,250 | 14 | $135,250 | $16,933 | $127,406 |
| 2022 | $2,695,243 | $113,841 | $185,697 | $144,123 | 11 | $144,123 | $78,292 | $152,178 |
| 2021 | $3,088,130 | $544,913 | $136,711 | $107,000 | 11 | — | $510,637 | $126,787 |
Under IRS private-foundation payout rules, Korones Family Foundation reported a distributable amount of $134K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with varied missions. For example, the Tennessee Justice Center says it advocates for low-income Tennesseans on public policies affecting health and welfare; the Memphis Symphony Orchestra says it enriches its diverse community through music and programs; and Palestine Children’s Relief Fund describes its work as non-political humanitarian relief focused on healthcare for children in Palestine.
My Cup of Tea says its mission is to help women move beyond poverty and neglect, including by training underserved women in urban Memphis through tea packaging and distribution. World Central Kitchen describes its work as providing meals in response to humanitarian, climate, and community crises.
Grantmaking
In 2025, the foundation gave 16 grants totaling $126,351. Grants ranged from $2,500 to $15,000, with a median of $5,082. Notable grants included $15,000 each to Aslan Project, Facing History and Ourselves, National Civil Rights Museum, and Tennessee Justice Center; $10,325 to Tennessee Immigrant & Refugee Rights Coalition; and $10,000 each to Catholic Charities of West Tennessee and Memphis Symphony Orchestra. Other listed grants included $5,165 to Palestine Children’s Relief Fund, $5,000 to Heal Palestine, Montclair Jazz Festival, My Cup of Tea, and NPR, and $3,133 to World Central Kitchen.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists David N Korones as director and president; Susan K Gifford as director, treasurer, and secretary; and Ann R Falsey as director.
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-PF. 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-PF. 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-PF 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-PF 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-PF. Together they received 36% of its itemized 2025 grant dollars.
How large is Korones Family Foundation?
Korones Family Foundation reported $2.6M in total assets on its 2025 IRS Form 990-PF. It paid out $126K in qualifying distributions that year, against a required minimum of $134K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Korones Family Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Korones Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Korones Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 29, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 14, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS October 13, 2025)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Korones Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Korones Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Korones Family Foundation funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/korones-family-foundation-morg_1ae1f3b4b09c4c33b62d37fb942f438e
BibTeX
@misc{grantable_471256650_2026,
author = {{Grantable}},
title = {{Korones Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/korones-family-foundation-morg_1ae1f3b4b09c4c33b62d37fb942f438e},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Korones Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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