The David and Mary Krassenstein is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARGATE, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 6 grants totaling $70K. Net investment income was $108K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
+2.4% YoY
Annual Giving
$70K
+3.8% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$12K
+3.8% YoY
Under IRS private-foundation payout rules, The David and Mary Krassenstein reported a distributable amount of $67K for 2025 — the minimum it must pay out in qualifying distributions.
About The David and Mary Krassenstein
Based on IRS filings
The David and Mary Krassenstein is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARGATE, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 6 grants totaling $70K. Net investment income was $108K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,402,929 | $1,369,471 | $1,410,121 |
| Revenue | $111,564 | $36,903 | $-11,987 |
| Expenses | $78,106 | $77,553 | $75,385 |
| Qualifying Distributions | $73,486 | $67,103 | $65,000 |
| Net Investment Income | $108,354 | $58,204 | $73,797 |
| Distributable Amount | $66,541 | $62,835 | $62,747 |
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 2025
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Shirat Hayam ($19,901), Congregation Beth Judah ($9,950), Jewish Community Center ($9,950).
| Recipient | Purpose | Amount |
|---|---|---|
| CONGREGATION BETH JUDAH VENTNOR, NJ | CHARITABLE PURPOSES | $9,950 |
| JEWISH COMMUNITY CENTER MARGATE, NJ | CHARITABLE PURPOSES | $9,950 |
| JEWISH FAMILY SERVICE MARGATE, NJ | CHARITABLE PURPOSES | $9,950 |
| SEASHORE GARDENS LIVING CENTER GALLOWAY, NJ | CHARITABLE PURPOSES | $9,950 |
| SHIRAT HAYAM VENTNOR, NJ | CHARITABLE PURPOSES | $19,901 |
| TEMPLE BETH SHALOM BRIGANTINE, NJ | CHARITABLE PURPOSES | $9,950 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM E MARGOLIS | PRESIDENT/TRUSTEE | — | — |
| RUTH K NIESEN | TREASURER/TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The David and Mary Krassenstein?
The David and Mary Krassenstein is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARGATE, NJ. It holds $1.4M in total assets as of 2025.
How large is The David and Mary Krassenstein?
As of 2025, The David and Mary Krassenstein holds $1.4M in total assets with $112K in annual revenue. It awarded 6 grants totaling $70K in 2025.
Where does The David and Mary Krassenstein operate?
The David and Mary Krassenstein has awarded grants in New Jersey.
What size grants does The David and Mary Krassenstein award?
In 2025, The David and Mary Krassenstein awarded 6 grants totaling $70K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The David and Mary Krassenstein required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The David and Mary Krassenstein reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The David and Mary Krassenstein's EIN?
The David and Mary Krassenstein's EIN (Employer Identification Number) is 54-2124868. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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