The Al Levine Family Foundation Inc

WAYNE, NJ EIN: 65-0554692

The Al Levine Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.0M in total assets. In 2024, it awarded 1 grants totaling $541K. Net investment income was $815K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.0M

+1.8% YoY

Annual Giving

$541K

+0.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$541K

+0.3% YoY

Under IRS private-foundation payout rules, The Al Levine Family Foundation Inc reported a distributable amount of $636K for 2024 — the minimum it must pay out in qualifying distributions.

About The Al Levine Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $2.6M (100%)

States

New Jersey

Cities

Wayne

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$11,047,695	$10,848,810	$10,801,386
Revenue	$889,820	$733,901	$920,671
Expenses	$690,935	$686,477	$705,242
Qualifying Distributions	$608,210	$593,423	$623,325
Net Investment Income	$815,238	$662,506	$849,754
Distributable Amount	$635,593	$587,984	$622,520

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

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attachment 11a ($541,400).

Recipient	Purpose	Amount
SEE ATTACHMENT 11A WAYNE, NJ	GENERAL SUPPORT	$541,400

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CAROLE ANN STEIGER	DIRECTOR	—	$9,000
ANDREW R STEIGER	DIRECTOR	—	$9,000
ADAM J STEIGER	DIRECTOR	—	$9,000
DAVID L STEIGER	DIRECTOR	—	$9,000
PETER L LEVINE	DIRECTOR	—	$9,000
ARTHUR L LEVINE	DIRECTOR	—	$9,000
JOEL J STEIGER	DIRECTOR	—	$9,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Al Levine Family Foundation Inc?

The Al Levine Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, NJ. It holds $11.0M in total assets as of 2024.

How large is The Al Levine Family Foundation Inc?

As of 2024, The Al Levine Family Foundation Inc holds $11.0M in total assets with $890K in annual revenue. It awarded 1 grants totaling $541K in 2024.

Where does The Al Levine Family Foundation Inc operate?

The Al Levine Family Foundation Inc has awarded grants in New Jersey.

What size grants does The Al Levine Family Foundation Inc award?

In 2024, The Al Levine Family Foundation Inc awarded 1 grants totaling $541K — an average of about $541K per grant, based on its IRS Form 990 filings.

How much is The Al Levine Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Al Levine Family Foundation Inc reported a distributable amount of $636K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Al Levine Family Foundation Inc's EIN?

The Al Levine Family Foundation Inc's EIN (Employer Identification Number) is 65-0554692. IRS Form 990 filing data is available on this page for 2020–2024.