Okane Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTCLAIR, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 6 grants totaling $330K. Net investment income was $193K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
-2.7% YoY
Annual Giving
$330K
-55.6% YoY
Grant Count
6
-25.0% YoY
Avg Grant Size
$55K
-40.8% YoY
Under IRS private-foundation payout rules, Okane Family Foundation reported a distributable amount of $385K for 2024 — the minimum it must pay out in qualifying distributions.
About Okane Family Foundation
Based on IRS filings
Okane Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTCLAIR, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 6 grants totaling $330K. Net investment income was $193K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,065,071 | $5,204,951 | $5,484,764 |
| Revenue | $241,829 | $500,020 | $3,083,257 |
| Expenses | $380,952 | $781,564 | $250,388 |
| Qualifying Distributions | $331,800 | $744,900 | $226,750 |
| Net Investment Income | $192,677 | $463,356 | $61,421 |
| Distributable Amount | $385,156 | $336,423 | $213,458 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ali Forney Center ($100,000), Center for Hearing and Communicatio ($50,000), Toni's Kitchen ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALI FORNEY CENTER NEW YORK, NY | HELP FEED THE HOMELESS. | $100,000 |
| CENTER FOR HEARING AND COMMUNICATIO NEW YORK, NY | HEARING HEALTHCARE FOR PEOPLE OF ALL AGES. | $50,000 |
| MONTCLAIR HIGH SCHOOL ALUMNI MONTCLAIR, NJ | EDUCATION | $30,300 |
| TONI'S KITCHEN MONTCLAIR, NJ | FOOD MINISTRY OF ST.LUKE'S EPISCOPAL CHURCH. | $50,000 |
| USHER 1F COLLABORATIVE NEWTONVILLE, MA | TO FUND MEDICAL RESEARCH TO FIND AN EFFECTIVE TREATMENT TO SAVE OR RESTORE THE VISION OF THOSE WITH USHER SYNDROME TYPE 1F. | $50,000 |
| THE BOWERY MISSION SUPPORT CENTER NEW YORK, NY | STANDING WITH NEW YORKERS DURING THEIR MOMENTS OF HOMELESSNESS, VARIOUS DISASTERS AND MOMENTS OF CRISES. | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN O'KANE | Trustee | 5 | — |
| MARGARET O'KANE | Trustee | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Okane Family Foundation?
Okane Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTCLAIR, NJ. It holds $5.1M in total assets as of 2024.
How large is Okane Family Foundation?
As of 2024, Okane Family Foundation holds $5.1M in total assets with $242K in annual revenue. It awarded 6 grants totaling $330K in 2024.
Where does Okane Family Foundation operate?
Okane Family Foundation has awarded grants in Massachusetts, New Jersey, New York.
What size grants does Okane Family Foundation award?
In 2024, Okane Family Foundation awarded 6 grants totaling $330K — an average of about $55K per grant, based on its IRS Form 990 filings.
How much is Okane Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Okane Family Foundation reported a distributable amount of $385K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Okane Family Foundation's EIN?
Okane Family Foundation's EIN (Employer Identification Number) is 46-4128862. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Okane Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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