Penny Fischbach Cutler Foundation Inc
Penny Fischbach Cutler Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $154K in total assets. In 2024, it awarded 6 grants totaling $11K. Net investment income was $55K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$154K
+7.1% YoY
Annual Giving
$11K
-74.2% YoY
Grant Count
6
-62.5% YoY
Avg Grant Size
$2K
-31.1% YoY
Under IRS private-foundation payout rules, Penny Fischbach Cutler Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Penny Fischbach Cutler Foundation Inc
Based on IRS filings
Penny Fischbach Cutler Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $154K in total assets. In 2024, it awarded 6 grants totaling $11K. Net investment income was $55K.
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 | $153,861 | $143,615 | $194,940 |
| Revenue | $60,499 | $32,710 | $37,226 |
| Expenses | $55,609 | $86,768 | $60,812 |
| Qualifying Distributions | $10,982 | $42,526 | $16,575 |
| Net Investment Income | $54,584 | $26,633 | $37,226 |
| Distributable Amount | $29,218 | $29,558 | $31,139 |
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
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Geffen Academy ($5,000), Old Westbury Hebrew Congregation ($2,772), Temple Beth El ($2,010).
| Recipient | Purpose | Amount |
|---|---|---|
| Geffen Academy Los Angeles, CA | Educational | $5,000 |
| Hadassah Long Beach, NY | Charitable | $1,000 |
| Holton Arms School Bethesda, MD | Educational | $100 |
| Kravis Center West Palm Beach, FL | Educational | $100 |
| Old Westbury Hebrew Congregation Old Westbury, NY | Religious | $2,772 |
| Temple Beth El Stamford, CT | Religious | $2,010 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PENNY CUTLER | DIR/ PRES | 20 | — |
| JONATHAN CUTLER | DIR/ VP | 0.5 | — |
| SARA COHEN | DIR/VP | 0.5 | — |
| LONNIE WOLLIN | SECY/TREAS | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Penny Fischbach Cutler Foundation Inc?
Penny Fischbach Cutler Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NJ. It holds $154K in total assets as of 2024.
How large is Penny Fischbach Cutler Foundation Inc?
As of 2024, Penny Fischbach Cutler Foundation Inc holds $154K in total assets with $60K in annual revenue. It awarded 6 grants totaling $11K in 2024.
Where does Penny Fischbach Cutler Foundation Inc operate?
Penny Fischbach Cutler Foundation Inc has awarded grants in California, Connecticut, Florida, Massachusetts, Maryland, New York.
What size grants does Penny Fischbach Cutler Foundation Inc award?
In 2024, Penny Fischbach Cutler Foundation Inc awarded 6 grants totaling $11K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Penny Fischbach Cutler Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Penny Fischbach Cutler Foundation Inc reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Penny Fischbach Cutler Foundation Inc's EIN?
Penny Fischbach Cutler Foundation Inc's EIN (Employer Identification Number) is 20-3911157. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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