Kuspit Family Foundation Inc

HACKENSACK, NJ EIN: 47-5210311

Diseases, Disorders & Medical Disciplines

Kuspit Family Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in HACKENSACK, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $362K in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $15K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$362K

+1.5% YoY

Annual Giving

$10K

Grant Count

Avg Grant Size

$10K

Under IRS private-foundation payout rules, Kuspit Family Foundation Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Kuspit Family Foundation Inc

Based on IRS filings

Focus Areas

Diseases, Disorders & Medical Disciplines

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $10K (100%)

States

New Jersey

Cities

Hackensack

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$362,380	$357,026	$357,451
Revenue	$25,069	$9,758	$7,944
Expenses	$19,715	$7,983	$7,065
Qualifying Distributions	$10,000	$100	$100
Net Investment Income	$15,354	$1,875	$979
Distributable Amount	$10,180	$9,460	$9,302

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

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Center for Senior Living (geriatrics) at the Hackensack University Med Ctr ($10,000).

Recipient	Purpose	Amount
CENTER FOR SENIOR LIVING (GERIATRICS) AT THE HACKENSACK UNIVERSITY MED CTR HACKENSACK, NJ	IMMUNOTHERAPY RESEARCH	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DONALD B KUSPIT	DIRECTOR	1	—
STEFFI SALVATORE	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Diseases, Disorders & Medical Disciplines

Frequently Asked Questions

What is Kuspit Family Foundation Inc?

Kuspit Family Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in HACKENSACK, NJ. It holds $362K in total assets as of 2024.

How large is Kuspit Family Foundation Inc?

As of 2024, Kuspit Family Foundation Inc holds $362K in total assets with $25K in annual revenue. It awarded 1 grants totaling $10K in 2024.

Where does Kuspit Family Foundation Inc operate?

Kuspit Family Foundation Inc has awarded grants in New Jersey.

What size grants does Kuspit Family Foundation Inc award?

In 2024, Kuspit Family Foundation Inc awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Kuspit Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kuspit Family Foundation Inc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.