The Jeffrey Frank Wacks Memorial Fund

WHIPPANY, NJ EIN: 22-3473943

The Jeffrey Frank Wacks Memorial Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$42K

+9.5% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$21K

+64.3% YoY

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

About The Jeffrey Frank Wacks Memorial Fund

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 $62K (49%)

Massachusetts $35K (28%)

Missouri $15K (12%)

New York $13K (10%)

States

Massachusetts Missouri New Jersey New York

Cities

Berkley HeightsNew YorkPittsfieldSt LouisWhippany

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$36,506	$51,257
Revenue	$5,189	$23,859	$30,724
Expenses	$41,695	$38,610	$19,181
Qualifying Distributions	$41,632	$38,013	—
Net Investment Income	$12	$14	$40
Distributable Amount	$1,576	$2,222	$2,297

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include The Walter & Alice Gorham Foundation ($31,632), Barrington Stage ($10,000).

Recipient	Purpose	Amount
BARRINGTON STAGE PITTSFIELD, MA	CAPITAL GRANT FOR MUSIC	$10,000
THE WALTER & ALICE GORHAM FOUNDATION WHIPPANY, NJ	GENERAL FUND	$31,632

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
ED WACKS	TRUSTEE/SECRETARY	15	—
MELISSA WACKS - DAUGHTER OF ED WACK	TRUSTEE	—	—
GREGORY WACKS - SON OF ED WACKS	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Jeffrey Frank Wacks Memorial Fund?

The Jeffrey Frank Wacks Memorial Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WHIPPANY, NJ. It holds — in total assets as of 2023.

Where does The Jeffrey Frank Wacks Memorial Fund operate?

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

What size grants does The Jeffrey Frank Wacks Memorial Fund award?

In 2023, The Jeffrey Frank Wacks Memorial Fund awarded 2 grants totaling $42K — an average of about $21K per grant, based on its IRS Form 990 filings.

How much is The Jeffrey Frank Wacks Memorial Fund 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 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's EIN?

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