The Rita Poretsky Memorial Fund Inc

BALTIMORE, MD EIN: 30-0174241

The Rita Poretsky Memorial Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $312K in total assets. In 2024, it made $7K in qualifying distributions.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$312K

-3.6% YoY

Revenue

$3K

-18.2% YoY

Qualifying Distributions

$7K

-88.7% YoY

Expenses

$15K

-80.6% YoY

Under IRS private-foundation payout rules, The Rita Poretsky Memorial Fund Inc reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About The Rita Poretsky Memorial Fund Inc

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 $55K (100%)

States

New Jersey

Cities

Teaneck

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$311,994	$323,695	$396,731
Revenue	$3,223	$3,942	$916
Expenses	$14,924	$76,978	$21,165
Qualifying Distributions	$7,462	$65,989	$14,073
Net Investment Income	—	—	—
Distributable Amount	$15,680	$17,623	$20,029

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALLAN J GIBBER	DIRECTOR/VP/SECRETARY/TREASUR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Rita Poretsky Memorial Fund Inc?

The Rita Poretsky Memorial Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. It holds $312K in total assets as of 2024.

How large is The Rita Poretsky Memorial Fund Inc?

As of 2024, The Rita Poretsky Memorial Fund Inc holds $312K in total assets with $3K in annual revenue.

Where does The Rita Poretsky Memorial Fund Inc operate?

The Rita Poretsky Memorial Fund Inc has awarded grants in New Jersey.

How much is The Rita Poretsky Memorial Fund Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rita Poretsky Memorial Fund Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Rita Poretsky Memorial Fund Inc's EIN?

The Rita Poretsky Memorial Fund Inc's EIN (Employer Identification Number) is 30-0174241. IRS Form 990 filing data is available on this page for 2020–2024.