The Erct Foundation Inc. is a private foundation based in Montclair, New Jersey. Also known as the Tokat Family Foundation, it was established in 2019 and holds 501(c)(3) tax-exempt status. The foundation operates with no employees and focuses on providing education and public support programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28.2M
+9.4% YoY
Annual Giving
$1.1M
+15.0% YoY
Grant Count
3
-87.5% YoY
Avg Grant Size
$378K
+820.3% YoY
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. Its primary program areas are:
- Education: Supporting educational institutions and related activities
- Public Support Programs: Direct support to charitable organizations
Grantmaking
The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited applications.
Grant Range
$1,000 to $200,000
Average Grant
$47,000
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Geographic Focus
Where this funder awards grants
The foundation distributes funding across multiple states, with primary focus on:
- New York
- Pennsylvania
- District of Columbia
- Virginia
- New Jersey
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $25.7 million
- Total revenues: $5.29 million
- Total expenses: $1.04 million
- Total liabilities: $1.75 million
- Giving rate: 3.8% of assets
Asset Growth:
- 2019: $5.8 million
- 2023: $25.7 million
- 2024: $28.2 million (reported in one source)
Revenue Sources:
- Total grants and contributions: $5 million (2023)
- Investment income and dividends: $0 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,152,767 | $25,743,580 | $19,843,186 |
| Revenue | $2,931,982 | $5,293,214 | $5,252,971 |
| Expenses | $1,276,848 | $1,036,122 | $675,035 |
| Qualifying Distributions | $733,509 | $985,290 | $654,157 |
| Net Investment Income | $28,262 | $809,320 | $252,971 |
| Distributable Amount | $1,316,401 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Anthony F. Vitiello
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERCUMENT TOKAT | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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