The Falzon Family Private
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
The largest 2024 recipient was Assumption Parish ($40K). Together the top 4 received $63K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
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
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
| Recipient | Purpose | Amount |
|---|---|---|
| Assumption Parish Morristown, NJ | Capital Campaign | $40,000 |
| America's Grow a Row Pittstown, NJ | Hunger Relief | $10,000 |
| Sage Eldercare Summit, NJ | Support for Elders | $10,000 |
| The Child Center of NY Forest Hills, NY | Holiday Support | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,126,489 | $229,099 | $62,775 | $62,500 | 4 | $62,500 | $28,824 | $48,104 |
| 2023 | $960,165 | $202,703 | $42,912 | $40,000 | 2 | $40,000 | $19,791 | $37,765 |
| 2022 | $800,374 | $232,304 | $37,631 | $35,000 | 4 | $35,000 | $29,673 | $31,888 |
| 2021 | $605,701 | $221,829 | $27,033 | $25,000 | 3 | $25,000 | $14,448 | $23,093 |
| 2020 | $410,905 | $217,417 | $28,130 | $25,730 | 3 | — | $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
- IRS filings on file for fiscal years 2020–2024
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