Otto-kurak Family Foundation Inc
Otto-kurak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ISLAND HEIGHTS, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $173K in total assets. In 2024, it awarded 1 grants totaling $9K. Net investment income was $8K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$173K
-0.2% YoY
Annual Giving
$9K
+21.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$9K
+21.1% YoY
Under IRS private-foundation payout rules, Otto-kurak Family Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Otto-kurak Family Foundation Inc
Based on IRS filings
Otto-kurak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ISLAND HEIGHTS, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $173K in total assets. In 2024, it awarded 1 grants totaling $9K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $172,653 | $172,930 | $143,000 |
| Revenue | $8,329 | $2 | $143,000 |
| Expenses | $8,600 | $7,100 | — |
| Qualifying Distributions | $8,600 | $7,100 | — |
| Net Investment Income | $8,329 | $2 | — |
| Distributable Amount | $8,387 | $8,517 | $7,043 |
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
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Michael Grace Kurak Family Daf ($8,600).
| Recipient | Purpose | Amount |
|---|---|---|
| MICHAEL GRACE KURAK FAMILY DAF ISLAND HEIGHTS, NJ | PROGRAM SERVICES | $8,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL KURAK | Trustee | 0.5 | — |
| GRACE OTTO-KURAK | Trustee | 0.25 | — |
| LOUIS BEVILACQUA | Trustee | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Otto-kurak Family Foundation Inc?
Otto-kurak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ISLAND HEIGHTS, NJ. It holds $173K in total assets as of 2024.
How large is Otto-kurak Family Foundation Inc?
As of 2024, Otto-kurak Family Foundation Inc holds $173K in total assets with $8K in annual revenue. It awarded 1 grants totaling $9K in 2024.
Where does Otto-kurak Family Foundation Inc operate?
Otto-kurak Family Foundation Inc has awarded grants in New Jersey.
What size grants does Otto-kurak Family Foundation Inc award?
In 2024, Otto-kurak Family Foundation Inc awarded 1 grants totaling $9K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Otto-kurak Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Otto-kurak Family Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Otto-kurak Family Foundation Inc's EIN?
Otto-kurak Family Foundation Inc's EIN (Employer Identification Number) is 88-3811169. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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