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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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