The Henry S & Agnes M Truzack Foundation

WESTFIELD, NJ EIN: 13-7448454

The Henry S & Agnes M Truzack Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 19 grants totaling $83K. Net investment income was $114K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

+6.2% YoY

Annual Giving

$83K

-3.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

-3.5% YoY

Under IRS private-foundation payout rules, The Henry S & Agnes M Truzack Foundation reported a distributable amount of $127K for 2024 — the minimum it must pay out in qualifying distributions.

About The Henry S & Agnes M Truzack Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $474K (94%)

New York $26K (5%)

Maryland $3K (0%)

States

Maryland New Jersey New York

Cities

BaltimoreBerkeley HtsBurlingtonCranfordDenvilleDunellenElizabethEwingMadisonMaplewoodMillburnMontclairMorristownMountainsideNew ProvidenceNew YorkNewarkSummitTrentonUnion

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,633,102	$2,479,835	$2,169,619
Revenue	$127,619	$127,351	$22,326
Expenses	$100,577	$102,252	$155,604
Qualifying Distributions	$94,371	$96,416	$149,944
Net Investment Income	$113,578	$114,254	$33,102
Distributable Amount	$127,095	$111,602	$115,151

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

99 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Wharton Institute for the Performin ($15,000), Imagine - a Center for Coping With ($12,500), Drew University ($10,000).

Recipient	Purpose	Amount
BOYS' LATIN SCHOOL OF MARYLAND BALTIMORE, MD	PRIMARY & SECONDARY EDUCATION NEEDS OF STUDENTS	$500
NEW JERSEY INTERGENERATIONAL ORCHES SUMMIT, NJ	PROVIDE TALENTED YOUNG MUSICIANS WITH AN ORCHESTRAL TRAINING EXPERIENCE THAT WOULD ENABLE THEM TO REACH THEIR HIGHEST POTENTIAL AS PERFORMERS AND LISTENERS.	$4,000
PRESBYTERIAN CHURCH OF WESTFIELD WESTFIELD, NJ	SUPPORT OF MISSION AND OUTREACH PROGRAMS OF THE CHURCH.	$5,000
YOUTH ORCHESTRA OF ESSEX CO MAPLEWOOD, NJ	PROVIDES ELEMENTARY THROUGH HIGH SCHOOL STUDENTS AN ADVANCED ORCHESTRAL & CONCERT EXPERIENCE. PROVIDES A VARIETY OF PERFORMANCE VENUES TO EXTEND THE EXPERIENCE LEVEL AND MUSIC APPRECIATION OF YOUNG MUSICIANS.	$4,000
DREW UNIVERSITY MADISON, NJ	UNDERGRADUATE AND GRADUATE NEED OF STUDENTS.	$10,000
NEW JERSEY SEEDS NEWARK, NJ	PREPARES ACADEMICALLY-TALENTED, FINANCIALLY-LIMITED STUDENTS FOR SUCCESS AT COMPETATIVE SECONDARY SCHOOLS AND COLLEGES.	$1,000
FURNITURE ASSIST UNION, NJ	TO ACCEPT DONATIONS OF FURNITURE AND HOUSEHOLD ITEMS TO PROVIDE THOSE ITEMS FREE OF CHARGE TO INDIVIDUALS IN NEED.	$4,000
PAPER MILL PLAYHOUSE MILLBURN, NJ	AMERICAN MUSICAL THEATRE ARTISTIC AND EDUCATION CENTER - TRAINING YOUNG ARTISTS AND ENSURING THEATRE ACCESSIBLE TO ALL.	$1,000
WHARTON INSTITUTE FOR THE PERFORMIN BERKELEY HTS, NJ	OUTREACH	$15,000
KEAN UNIVERSITY UNION, NJ	ESTABLISHMENT OF MUSIC SCHOLARSHIP	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PAUL STIERHOFF	Trustee	9	$11,035
VALERIE STIERHOFF	Trustee	3	$2,207

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Henry S & Agnes M Truzack Foundation?

The Henry S & Agnes M Truzack Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTFIELD, NJ. It holds $2.6M in total assets as of 2024.

How large is The Henry S & Agnes M Truzack Foundation?

As of 2024, The Henry S & Agnes M Truzack Foundation holds $2.6M in total assets with $128K in annual revenue. It awarded 19 grants totaling $83K in 2024.

Where does The Henry S & Agnes M Truzack Foundation operate?

The Henry S & Agnes M Truzack Foundation has awarded grants in Maryland, New Jersey, New York.

What size grants does The Henry S & Agnes M Truzack Foundation award?

In 2024, The Henry S & Agnes M Truzack Foundation awarded 19 grants totaling $83K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is The Henry S & Agnes M Truzack Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Henry S & Agnes M Truzack Foundation reported a distributable amount of $127K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Henry S & Agnes M Truzack Foundation's EIN?

The Henry S & Agnes M Truzack Foundation's EIN (Employer Identification Number) is 13-7448454. IRS Form 990 filing data is available on this page for 2020–2024.