The Present Family Foundation Inc
The Present Family Foundation Inc is a private foundation based in Summit, New Jersey. It supports charitable organizations through grants; in 2024, its grants included universities, health-care organizations, youth programs, and community organizations.
Key facts about The Present Family Foundation Inc
In short: The Present Family Foundation Inc gave $418K across 32 grants in 2024 (avg $13K), mostly in New York. 41% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 39-2066890
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $418,435
- Grants made (2024)
- 32
- Average grant
- $13,076
- Median grant
- $1,818
- New grantees (estimate)
- 41% first-time grantees (13 of 32, 2024)
- Total assets
- $7,667,539
- Primary geography
- New York (63% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.7M
+11.6% YoY
Annual Giving
$418K
+34.5% YoY
Grant Count
32
+18.5% YoY
Avg Grant Size
$13K
+13.5% YoY
Under IRS private-foundation payout rules, The Present Family Foundation Inc reported a distributable amount of $395K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Present Family Foundation Inc open to new grantees?
41%
first-time grantees, 2024
In 2024, 13 of 32 grantees (41%) were first-time recipients. First grants averaged $4K; repeat grants $19K. How we count
Medians: $5K first-time, $1K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving fell 44% from 2021 to 2024. Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission statement is provided. Its 2024 recipients illustrate the range of organizations it supported. Syracuse University describes its mission as providing a rigorous, personalized student experience and supporting student success. The Trustees of the University of Pennsylvania describe a public-service mission spanning education, research, and patient care. Mount Sinai Health System says it provides patient care and advances medicine through education, research, and community outreach.
Other 2024 grantees describe work addressing hunger in New Jersey (Community FoodBank of New Jersey), supporting foster and at-risk youth (Best Foot Forward Foundation), advancing health care through Overlook Medical Center (Overlook Foundation), and preparing high-achieving, low-income students for private schools and colleges (New Jersey SEEDS).
Grantmaking
In 2024, the foundation gave $418,435 across 32 grants. Grant amounts ranged from $250 to $215,000, with a median of $1,818.
Its largest listed grants were $215,000 to Syracuse University, $75,000 to the Trustees of the University of Pennsylvania, $25,200 to Project Morry, $20,100 to Jewish Community Foundation of Greater MetroWest NJ Inc., and $15,000 to Mount Sinai Health System. Each was listed as unrestricted.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with The Present Family Foundation Inc?
Geographic Focus
Where this funder awards grants
In 2024, recipients in New York received 63% of grant dollars, followed by Pennsylvania (18%), New Jersey (10%), Florida (4%), and Massachusetts (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 32 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $311K (2023) to $752K (2021). In 2024 it made 32 grants totaling $418K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Syracuse University ($215K). Together the top 10 received $378K.
Grant Size Distribution
163 grants across all recorded years
The most common grant size was under $50K: 147 grants of 163 (90%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Syracuse University Syracuse, NY | Unrestricted | $215,000 |
| Trustees of the University of Pennsylvania Philadelphia, PA | Unrestricted | $75,000 |
| Project Morry Port Chester, NY | Unrestricted | $25,200 |
| Jewish Community Foundation of Greater Metrowest NJ Inc Whippany, NJ | Unrestricted | $20,100 |
| Mount Sinai Health System New York, NY | Unrestricted | $15,000 |
| Best Foot Forward Foundation Inc Boca Raton, FL | Unrestricted | $6,250 |
| Community Food Bank of New Jersey Inc Hillside, NJ | Unrestricted | $6,250 |
| Jewish Federation of South Palm Beach County Inc Boca Raton, FL | Unrestricted | $5,000 |
| New Jersey Seeds Inc Newark, NJ | Unrestricted | $5,000 |
| Overlook Foundation Summit, NJ | Unrestricted | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants given | Grant count |
|---|---|---|
| 2024 | $418,435 | 32 |
| 2023 | $311,084 | 27 |
| 2022 | $367,169 | 38 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,667,539 | $6,871,062 | $6,392,489 |
| Revenue | $1,943,757 | $1,156,702 | $740,862 |
| Expenses | $493,209 | $385,406 | $432,844 |
| Qualifying Distributions | $423,200 | $316,337 | $371,019 |
| Net Investment Income | $850,006 | $594,434 | $435,037 |
| Distributable Amount | $395,306 | $350,079 | $343,801 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 20, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Douglas Present as president and trustee, Susan Present as treasurer, secretary, and trustee, and Stephanie Podolak as trustee.
The Present Family Foundation Inc is led by Douglas Present, President & Trustee on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Douglas Present
President & Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Stephanie Podolak
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Susan Present
Treasurer, Secretary & Trustee
On filings since 2020
0.5 hrs/week
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.
Contact
Mailing address: 54 Oxbow Lane, Summit, NJ 07901
Phone: (973) 605-1040
Frequently asked questions about The Present Family Foundation Inc
How much does The Present Family Foundation Inc give each year?
The Present Family Foundation Inc gave $418K across 32 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $311K across 27 grants.
What is The Present Family Foundation Inc's typical grant size?
The Present Family Foundation Inc's median grant in 2024 was $1,818, and its average grant was $13,076, across 32 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Present Family Foundation Inc that year got $4K on average.
Where does The Present Family Foundation Inc give grants?
The Present Family Foundation Inc gives mostly in New York: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Pennsylvania (18%) and New Jersey (10%). The most frequent recipient cities were Summit, NJ (5 grants), Boca Raton, FL (4 grants), New York, NY (2 grants) and Newark, NJ (2 grants).
Does The Present Family Foundation Inc give general operating support?
Yes: 100% of The Present Family Foundation Inc's 2024 grants with a stated purpose (32 of 32) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Present Family Foundation Inc's largest grantees?
The Present Family Foundation Inc's largest 2024 grantees include Syracuse University ($215,000), Trustees of the University of Pennsylvania ($75,000) and Project Morry ($25,200), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is The Present Family Foundation Inc?
The Present Family Foundation Inc reported $7.7M in total assets on its 2024 IRS Form 990-PF. It paid out $423K in qualifying distributions that year, against a required minimum of $395K (roughly 5% of its investment assets).
What does The Present Family Foundation Inc fund?
No foundation mission statement is provided. Its 2024 recipients illustrate the range of organizations it supported. Syracuse University describes its mission as providing a rigorous, personalized student experience and supporting student success. See mission & focus areas ↑
How do I apply for a grant from The Present Family Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Present Family Foundation Inc's EIN?
The Present Family Foundation Inc's EIN (Employer Identification Number) is 39-2066890. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Present Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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