Morris & Rita Kesselman Foundation Trust

PALM BEACH GARDENS, FL EIN: 23-7131707

Morris & Rita Kesselman Foundation Trust is a private foundation, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $131K in total assets. In 2024, it awarded 3 grants totaling $2K. Net investment income was $3K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$131K

-1.1% YoY

Annual Giving

$2K

-34.0% YoY

Grant Count

-40.0% YoY

Avg Grant Size

$583.333

+10.1% YoY

Under IRS private-foundation payout rules, Morris & Rita Kesselman Foundation Trust reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

About Morris & Rita Kesselman Foundation Trust

Based on IRS filings

Ready to take the next step with Morris & Rita Kesselman Foundation Trust?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $35K (72%)

Florida $9K (18%)

District of Columbia $2K (4%)

New York $2K (4%)

Maryland $1K (2%)

California $250 (1%)

States

California District of Columbia Florida Massachusetts Maryland New York

Cities

BrooklineCotuitFranklinHardwickHarwichJupitierLa JollaMashpeeNeedhamNew BedfordNew YorkNewtonNorth Palm BeachPalm Beach GardensSharonSilver SpringSt AugustineWashingtonWathamWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$130,725	$132,213	$127,933
Revenue	$5,427	$5,573	$5,430
Expenses	$3,750	$4,349	$19,460
Qualifying Distributions	$1,750	$2,650	$17,000
Net Investment Income	$3,427	$3,874	$5,430
Distributable Amount	$6,427	$6,310	$7,510

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Insight Through Education ($1,000), Eagel Hill Foundation of Massachuse ($500), Mayyim Hayyim Living Waters ($250).

Recipient	Purpose	Amount
EAGEL HILL FOUNDATION OF MASSACHUSE HARDWICK, MA	UNRESTRICTED	$500
MAYYIM HAYYIM LIVING WATERS NEWTON, MA	UNRESTRICTED	$250
INSIGHT THROUGH EDUCATION PALM BEACH GARDENS, FL	UNRESTRICTED	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ARTHUR KESSELMAN	Trustee	5	—

Frequently Asked Questions

How large is Morris & Rita Kesselman Foundation Trust?

As of 2024, Morris & Rita Kesselman Foundation Trust holds $131K in total assets with $5K in annual revenue. It awarded 3 grants totaling $2K in 2024.

Where does Morris & Rita Kesselman Foundation Trust operate?

Morris & Rita Kesselman Foundation Trust has awarded grants in California, District of Columbia, Florida, Massachusetts, Maryland, New York.

What size grants does Morris & Rita Kesselman Foundation Trust award?

In 2024, Morris & Rita Kesselman Foundation Trust awarded 3 grants totaling $2K — an average of about $583.333 per grant, based on its IRS Form 990 filings.

How much is Morris & Rita Kesselman Foundation Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Morris & Rita Kesselman Foundation Trust reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Morris & Rita Kesselman Foundation Trust's EIN?

Morris & Rita Kesselman Foundation Trust's EIN (Employer Identification Number) is 23-7131707. IRS Form 990 filing data is available on this page for 2020–2024.