Marjorie & Clarence E Unterberg Fdninc
The Marjorie & Clarence E Unterberg Foundation Inc. is a private foundation based in Rumson, New Jersey. Established in 1994, the foundation operates as a 501(c)(3) tax-exempt organization and is among the top foundations by total giving in the Rumson area.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
-99.9% YoY
Annual Giving
$1.8M
+37.5% YoY
Grant Count
8
-46.7% YoY
Avg Grant Size
$220K
+157.8% YoY
Under IRS private-foundation payout rules, Marjorie & Clarence E Unterberg Fdninc reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made multiple grants in 2023, including:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York and New Jersey.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $1,597,953
- Total Giving: $1,280,600
- Total Revenues: $89,449
- Total Expenses: $1,283,882
Revenue Sources (2023):
- Investment income and dividends: $76,003
- Net gain from sale of non-inventory assets: $13,446
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,204 | $1,597,953 | $2,792,386 |
| Revenue | $174,105 | $89,449 | $-38,227 |
| Expenses | $1,769,854 | $1,283,882 | $255,967 |
| Qualifying Distributions | $1,761,215 | $1,280,850 | $228,250 |
| Net Investment Income | $166,138 | $87,417 | $16,088 |
| Distributable Amount | $98,030 | $101,427 | $160,570 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Morgan Stanley Donor Advised Fund ($1,625,465), Community Funds Inc ($100,000), Bruce Springsteen Archive Center for American Music (monmouth University) ($22,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRUCE SPRINGSTEEN ARCHIVE CENTER FOR AMERICAN MUSIC (MONMOUTH UNIVERSITY) WEST LONG BRANCH, NJ | GENERAL SUPPORT | $22,000 |
| CANCER CRUSHERS FOUNDATION RUMSON, NJ | GENERAL SUPPORT | $1,000 |
| COMMUNITY FUNDS INC NEW YORK, NY | GENERAL SUPPORT | $100,000 |
| LINCOLN CENTER FOR THE PERFORMING ARTS NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| MONMOUTH COUNTY HISTORICAL ASSOCIATION FREEHOLD, NJ | GENERAL SUPPORT | $1,000 |
| NEW YORK JUNIOR TENNIS & LEARNING LONG ISLAND CITY, NY | GENERAL SUPPORT | $5,000 |
| TWO RIVER THEATER RED BANK, NJ | GENERAL SUPPORT | $1,500 |
| MORGAN STANLEY DONOR ADVISED FUND PURCHASE, NY | CONTRIBUTION TO DONOR ADVISED FUND | $1,625,465 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is connected to the Unterberg family, including Ann and Thomas Unterberg of Rumson, who are noted as active philanthropists with residences in Rumson, New York City, and Turks and Caicos.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY DEBARE | PRESIDENT | 0.25 | — |
| ANDREW ARNO | VICE PRESIDENT | 0.25 | — |
| ANN UNTERBERG | SECRETARY | 0.25 | — |
Frequently Asked Questions
What does Marjorie & Clarence E Unterberg Fdninc fund?
The foundation's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Marjorie & Clarence E Unterberg Fdninc?
**Grant Activity:** The foundation made multiple grants in 2023, including: • Community Funds: $500,000 (General Support) • Monmouth University: $110,500 (General Support) • The New 42nd Street: $40,000 (General Support) The foundation distributed a total of $1,280,600 in grants during 2023. Typical award amounts range from $500 to $517,500. **Total Giving History:** The foundation has distributed $1,760,965 in cumulative giving.
Where does Marjorie & Clarence E Unterberg Fdninc make grants?
The foundation primarily funds organizations in New York and New Jersey.
What size grants does Marjorie & Clarence E Unterberg Fdninc award?
In 2024, Marjorie & Clarence E Unterberg Fdninc awarded 8 grants totaling $1.8M — an average of about $220K per grant, based on its IRS Form 990 filings.
How much is Marjorie & Clarence E Unterberg Fdninc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marjorie & Clarence E Unterberg Fdninc reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marjorie & Clarence E Unterberg Fdninc's EIN?
Marjorie & Clarence E Unterberg Fdninc's EIN (Employer Identification Number) is 13-3792809. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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