The David and Mary Krassenstein
The David and Mary Krassenstein is a private foundation, based in Margate, NJ. IRS filing data is available from 2019 through 2026. As of 2026, the organization holds $1.4M in total assets. In 2026, it awarded 6 grants totaling $75K. Net investment income was $43K.
The David and Mary Krassenstein at a glance
In short: The David and Mary Krassenstein gave $75K across 6 grants in 2026 (avg $13K), mostly in New Jersey. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $75,000
- +7.7% vs 2025
- Grants made (2026)
- 6
- +0.0% vs 2025
- Average grant
- $12,500
- +7.7% vs 2025
- Median grant
- $10,714
- Total assets
- $1,362,821
- -2.9% vs 2025
- Primary geography
- New Jersey (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who The David and Mary Krassenstein funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2026
The largest 2026 recipient was Shirat Hayam ($21K). Together the top 6 received $75K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
States
Cities
How The David and Mary Krassenstein gives
- Giving held roughly steady from 2023 to 2026 (+15%). Method
- In 2026 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2026, annual grant giving ranged from $65K (2023) to $131K (2022). In 2026 it made 6 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shirat Hayam Ventnor, NJ | Charitable Purposes | $21,430 |
| Congregation Beth Judah Ventnor, NJ | Charitable Purposes | $10,714 |
| Jewish Community Center Margate, NJ | Charitable Purposes | $10,714 |
| Jewish Family Service Margate, NJ | Charitable Purposes | $10,714 |
| Seashore Gardens Living Center Galloway, NJ | Charitable Purposes | $10,714 |
| Temple Beth Shalom Brigantine, NJ | Charitable Purposes | $10,714 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,362,821 | $45,640 | $85,748 | $75,000 | 6 | $75,141 | $42,997 | $72,192 |
| 2025 | $1,402,929 | $111,564 | $78,106 | $69,651 | 6 | $73,486 | $108,354 | $66,541 |
| 2024 | $1,369,471 | $36,903 | $77,553 | $67,103 | 6 | $67,103 | $58,204 | $62,835 |
| 2023 | $1,410,121 | $-11,987 | $75,385 | $65,000 | 6 | $65,000 | $73,797 | $62,747 |
| 2022 | $1,497,493 | $127,523 | $136,011 | $130,500 | 6 | $130,500 | $127,293 | $76,065 |
| 2021 | $1,505,981 | $86,933 | $87,525 | $80,500 | 6 | — | $86,933 | $77,651 |
| 2020 | $1,506,573 | $80,808 | $117,672 | $109,000 | 7 | — | $85,578 | $77,502 |
| 2019 | $1,543,437 | $92,493 | $96,957 | $92,750 | 7 | — | $92,493 | $77,728 |
Under IRS private-foundation payout rules, The David and Mary Krassenstein reported a distributable amount of $72K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The David and Mary Krassenstein is led by William E. Margolis, President & Trustee on every filing since 2019; none of the 2 officers listed in 2026 report compensation.
Officers on the 2026 filing
William E. Margolis
President & Trustee
On filings since 2019
No compensation reported
Ruth K. Niesen
Treasurer & Trustee
On filings since 2019
No compensation reported
Former officers (1)
- Former: Michael A. Hyett (2019–2023) — Secretary & Trustee
Data from IRS Form 990 filings, 2019–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The David and Mary Krassenstein
How much does The David and Mary Krassenstein give each year?
The David and Mary Krassenstein gave $75K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $70K across 6 grants.
What is The David and Mary Krassenstein's typical grant size?
The David and Mary Krassenstein's median grant in 2026 was $10,714, and its average grant was $12,500, across 6 grants on its 2026 IRS Form 990-PF.
Where does The David and Mary Krassenstein give grants?
The David and Mary Krassenstein gives mostly in New Jersey: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ventnor, NJ (2 grants) and Margate, NJ (2 grants).
Who are The David and Mary Krassenstein's largest grantees?
The David and Mary Krassenstein's largest 2026 grantees include Shirat Hayam ($21,430), Congregation Beth Judah ($10,714) and Jewish Community Center ($10,714), according to its 2026 IRS Form 990-PF. Together they received 57% of its itemized 2026 grant dollars.
How large is The David and Mary Krassenstein?
The David and Mary Krassenstein reported $1.4M in total assets on its 2026 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $72K (roughly 5% of its investment assets).
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 2019–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 22, 2020)
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 10, 2026)
- IRS filings on file for fiscal years 2020–2025
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