The Phyllis & Norman Lipsett
The Phyllis & Norman Lipsett is a private foundation, based in WATCHUNG, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 1 grants totaling $45K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+1.0% YoY
Annual Giving
$45K
-59.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$45K
-59.0% YoY
About The Phyllis & Norman Lipsett
Based on IRS filings
The Phyllis & Norman Lipsett is a private foundation, based in WATCHUNG, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 1 grants totaling $45K. Net investment income was $38K.
Ready to take the next step with The Phyllis & Norman Lipsett?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,774,768 | $1,757,526 | $1,885,141 |
| Revenue | $93,147 | $7,770 | $137,484 |
| Expenses | $75,905 | $135,385 | $114,923 |
| Qualifying Distributions | $49,219 | $113,503 | $88,793 |
| Net Investment Income | $38,110 | $34,191 | $111,354 |
| Distributable Amount | $110,824 | $98,790 | $108,344 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JULIE LIPSETT-SINGER | VICE PRES/SE | — | — |
| BETH BERMAN | VICE PRESIDE | — | — |
| YALE LIPSETT | VICE PRESIDE | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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