The Falzon Family Private

Private foundation · Grantmaker Morristown, NJ EIN: 83-2589460

The Falzon Family Private is a private foundation, based in Morristown, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 4 grants totaling $63K. Net investment income was $29K.

The Falzon Family Private at a glance

In short: The Falzon Family Private gave $63K across 4 grants in 2024 (avg $16K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$62,500
+56.3% vs 2023
Grants made (2024)
4
+100.0% vs 2023
Average grant
$15,625
-21.9% vs 2023
Median grant
$10,000
Total assets
$1,126,489
+17.3% vs 2023
Primary geography
New Jersey (96% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Falzon Family Private funds

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Assumption Parish: $40KAssumption Parish$40KAmerica's Grow a Row: $10KAmerica's Grow a Row$10KSage Eldercare: $10KSage Eldercare$10KThe Child Center of NY: $3KThe Child Center of NY$3K

The largest 2024 recipient was Assumption Parish ($40K). Together the top 4 received $63K.

Grant Size Distribution

16 grants across all recorded years

16<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 16 grants of 16 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

MorristownPittstownBedminsterForest HillsSummitUnion

How The Falzon Family Private gives

  • Giving grew 150% from 2021 to 2024. Method
  • In 2024 it paid out 130% 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

$0$20K$40K$60K$80K3 grants2020 3 grants2021 4 grants2022 2 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $25K (2021) to $63K (2024). In 2024 it made 4 grants totaling $63K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Assumption Parish Morristown, NJCapital Campaign$40,000
America's Grow a Row Pittstown, NJHunger Relief$10,000
Sage Eldercare Summit, NJSupport for Elders$10,000
The Child Center of NY Forest Hills, NYHoliday Support$2,500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$1,126,489$229,099$62,775$62,5004$62,500$28,824$48,104
2023$960,165$202,703$42,912$40,0002$40,000$19,791$37,765
2022$800,374$232,304$37,631$35,0004$35,000$29,673$31,888
2021$605,701$221,829$27,033$25,0003$25,000$14,448$23,093
2020$410,905$217,417$28,130$25,7303—$4,247$10,289

Under IRS private-foundation payout rules, The Falzon Family Private reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

The Falzon Family Private's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Nancye Falzon

    Trustee

    On filings since 2020

    No compensation reported

  • Robert Falzon

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Falzon Family Private

How much does The Falzon Family Private give each year?

The Falzon Family Private gave $63K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $40K across 2 grants.

What is The Falzon Family Private's typical grant size?

The Falzon Family Private's median grant in 2024 was $10,000, and its average grant was $15,625, across 4 grants on its 2024 IRS Form 990-PF.

Where does The Falzon Family Private give grants?

The Falzon Family Private gives mostly in New Jersey: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does The Falzon Family Private give general operating support?

Not in 2024: none of the 4 grants with a stated purpose on The Falzon Family Private's 2024 IRS Form 990-PF were described as general or operating support.

How large is The Falzon Family Private?

The Falzon Family Private reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $48K (roughly 5% of its investment assets).

What is The Falzon Family Private's EIN?

The Falzon Family Private's EIN (Employer Identification Number) is 83-2589460. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Falzon Family Private's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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