The Jeffrey Frank Wacks Memorial Fund Inc

Private foundation · Grantmaker Whippany, NJ EIN: 22-3473943

The Jeffrey Frank Wacks Memorial Fund Inc is a private foundation, based in Whippany, NJ. IRS filing data is available from 2020 through 2023. In 2023, it awarded 2 grants totaling $42K. Net investment income was $12.

The Jeffrey Frank Wacks Memorial Fund Inc at a glance

In short: The Jeffrey Frank Wacks Memorial Fund Inc gave $42K across 2 grants in 2023 (avg $21K), mostly in New Jersey. Source: 2023 IRS Form 990-PF.

Annual giving (2023)
$41,632
+9.5% vs 2022
Grants made (2023)
2
-33.3% vs 2022
Average grant
$20,816
+64.3% vs 2022
Median grant
$20,816
Primary geography
New Jersey (76% of itemized 2023 grant dollars)
Latest 990 filing
Form 990-PF, 2023 View filing

Data from IRS Form 990-PF, 2023; updated September 2026.

Who The Jeffrey Frank Wacks Memorial Fund Inc funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

The Walter & Alice Gorham Foundation: $32KThe Walter & Alice GorhamFoundation$32KBarrington Stage: $10KBarrington Stage$10K

The largest 2023 recipient was The Walter & Alice Gorham Foundation ($32K). Together the top 2 received $42K.

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 9 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2023 grant dollars across all 2 itemized grants.

Cities

Berkley HeightsPittsfieldNew YorkSt. LouisWhippany

How The Jeffrey Frank Wacks Memorial Fund Inc gives

  • Giving grew 39% from 2020 to 2023. Method
  • In 2023 it paid out well above 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$60K3 grants2020 1 grant2021 3 grants2022 2 grants2023

From 2020 to 2023, annual grant giving ranged from $15K (2021) to $42K (2023). In 2023 it made 2 grants totaling $42K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The Walter & Alice Gorham Foundation Whippany, NJGeneral Fund$31,632
Barrington Stage Pittsfield, MACapital Grant for Music$10,000
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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
2023—$5,189$41,695$41,6322$41,632$12$1,576
2022$36,506$23,859$38,610$38,0133$38,013$14$2,222
2021$51,257$30,724$19,181$15,0001—$40$2,297
2020$39,714$23,561$35,733$30,0003—$153$2,495

Under IRS private-foundation payout rules, The Jeffrey Frank Wacks Memorial Fund Inc reported a distributable amount of $2K for 2023 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

The Jeffrey Frank Wacks Memorial Fund Inc's 2023 filing lists 3 officers; none of the 3 officers listed in 2023 report compensation.

Officers on the 2023 filing

  • Ed Wacks

    Trustee & Secretary

    On filings since 2022

    15 hrs/week

    No compensation reported

  • Gregory Wacks - Son Of Ed Wacks

    Trustee

    On filings since 2022

    No compensation reported

  • Melissa Wacks - Daughter Of Ed Wack

    Trustee

    On filings since 2022

    No compensation reported

Former officers (6)
  • Former: Theresa A. Youngelson (2020–2022) — Trustee & Vice President
  • Former: Gary Gerstein MD (2020–2021) — Trustee
  • Former: M. Glassner-Sister-In-Law Of L. Wacks (2020–2021) — Trustee
  • Former: Ed Wacks-Brother-In-Law M. Glassner (2021) — Trustee & Secretary
  • Former: Linda Wacks-Sister-In-Law M. Glassne (2020) — Trustee & Secretary
  • Former: William Derosa MD (2020) — Trustee

Data from IRS Form 990 filings, 2020–2023. "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 Jeffrey Frank Wacks Memorial Fund Inc

How much does The Jeffrey Frank Wacks Memorial Fund Inc give each year?

The Jeffrey Frank Wacks Memorial Fund Inc gave $42K across 2 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $38K across 3 grants.

Where does The Jeffrey Frank Wacks Memorial Fund Inc operate?

The Jeffrey Frank Wacks Memorial Fund Inc has awarded grants in Massachusetts, Missouri, New Jersey, New York.

How much is The Jeffrey Frank Wacks Memorial Fund Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, The Jeffrey Frank Wacks Memorial Fund Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Jeffrey Frank Wacks Memorial Fund Inc's EIN?

The Jeffrey Frank Wacks Memorial Fund Inc's EIN (Employer Identification Number) is 22-3473943. IRS Form 990 filing data is available on this page for 2020–2023.

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 2020–2023

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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 Jeffrey Frank Wacks Memorial Fund Inc'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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