Sax Charitable Foundation Inc
Sax Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARSIPPANY, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 5 grants totaling $155K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32K
+66.7% YoY
Annual Giving
$155K
+34.4% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$31K
-73.1% YoY
Under IRS private-foundation payout rules, Sax Charitable Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Sax Charitable Foundation Inc
Based on IRS filings
Sax Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARSIPPANY, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 5 grants totaling $155K.
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 | $31,917 | $19,152 | $3,614 |
| Revenue | $215,120 | $150,578 | $109,084 |
| Expenses | $202,355 | $135,040 | $129,829 |
| Qualifying Distributions | $202,355 | $135,040 | $129,829 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,700 | $1,527 | $1,300 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stjoseph's Childrens Hospital ($126,000), Family Promise of Morris County ($20,000), Team Wilderness ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STJOSEPH'S CHILDRENS HOSPITAL PATERSON, NJ | CHARITABLE | $126,000 |
| AMERICAN CANCER SOCIETY ATLANTA, GA | CHARITABLE | $3,102 |
| THE ARC OF ESSEX COUNTY LIVINGSTON, NJ | CHARITABLE | $500 |
| FAMILY PROMISE OF MORRIS COUNTY MORRISTOWN, NJ | CHARITABLE | $20,000 |
| TEAM WILDERNESS JERSEY CITY, NJ | CHARITABLE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH DAMIANO | TRUSTEE | 1 | — |
| MICHAEL ROLLS | TREASURER | 1 | — |
| JENNIFER MOROZ | TRUSTEE | 1 | — |
| HELENA LYNCH | PRESIDENT | 1 | — |
| DEBORAH NAPPI | VICE PRESIDENT | 1 | — |
| LAUREN FRARY | SECRETARY | 1 | — |
| MARQUS WHITE | TRUSTEE | 1 | — |
| CANDY GORDON-GEANOULES | TRUSTEE | 1 | — |
| PETER SCALISE | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sax Charitable Foundation Inc?
Sax Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARSIPPANY, NJ. It holds $32K in total assets as of 2024.
How large is Sax Charitable Foundation Inc?
As of 2024, Sax Charitable Foundation Inc holds $32K in total assets with $215K in annual revenue. It awarded 5 grants totaling $155K in 2024.
Where does Sax Charitable Foundation Inc operate?
Sax Charitable Foundation Inc has awarded grants in Georgia, New Jersey.
What size grants does Sax Charitable Foundation Inc award?
In 2024, Sax Charitable Foundation Inc awarded 5 grants totaling $155K — an average of about $31K per grant, based on its IRS Form 990 filings.
How much is Sax Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sax Charitable Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sax Charitable Foundation Inc's EIN?
Sax Charitable Foundation Inc's EIN (Employer Identification Number) is 20-4191019. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Sax Charitable Foundation Inc'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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