The Roscitt Family Foundation

BRICK, NJ EIN: 13-4201736

The Roscitt Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRICK, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $818K in total assets. In 2024, it awarded 2 grants totaling $330K. Net investment income was $556K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$818K

+36.7% YoY

Annual Giving

$330K

+31.9% YoY

Grant Count

2

-50.0% YoY

Avg Grant Size

$165K

+163.8% YoY

Under IRS private-foundation payout rules, The Roscitt Family Foundation reported a distributable amount of $72K for 2024 — the minimum it must pay out in qualifying distributions.

About The Roscitt Family Foundation

Based on IRS filings

The Roscitt Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRICK, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $818K in total assets. In 2024, it awarded 2 grants totaling $330K. Net investment income was $556K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

BrickHillsdaleHobokenJersey CityPt Pleasant BeachStaten Island

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$153K$307K$460K$613K2021202220232024
Metric202420232022
Total Assets$818,280$598,735$570,853
Revenue$557,283$283,751$325,006
Expenses$339,933$257,833$313,426
Qualifying Distributions$332,000$251,454$310,825
Net Investment Income$556,283$282,600$321,799
Distributable Amount$71,862$74,152$87,029

Giving Over Time

Total grant dollars and number of grants per year

$0$83K$165K$248K$330K3 grants20215 grants20224 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

STEVENS INSTITUTE OF TEC…$280KOCEAN MED CENTER FOUNDAT…$50K

Grant Size Distribution

14 grants across all recorded years

6<$50K4$50–100K2$100–250K2$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Stevens Institute of Technology ($280,000), Ocean Med Center Foundation ($50,000).

RecipientPurposeAmount
OCEAN MED CENTER FOUNDATION BRICK, NJGENERAL FUND SUPPORT$50,000
STEVENS INSTITUTE OF TECHNOLOGY HOBOKEN, NJGENERAL FUND SUPPORT$280,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
RICHARD R ROSCITTDIRECTOR

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is The Roscitt Family Foundation?

The Roscitt Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRICK, NJ. It holds $818K in total assets as of 2024.

How large is The Roscitt Family Foundation?

As of 2024, The Roscitt Family Foundation holds $818K in total assets with $557K in annual revenue. It awarded 2 grants totaling $330K in 2024.

Where does The Roscitt Family Foundation operate?

The Roscitt Family Foundation has awarded grants in Michigan, New Jersey, New York.

What size grants does The Roscitt Family Foundation award?

In 2024, The Roscitt Family Foundation awarded 2 grants totaling $330K — an average of about $165K per grant, based on its IRS Form 990 filings.

How much is The Roscitt Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Roscitt Family Foundation reported a distributable amount of $72K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Roscitt Family Foundation's EIN?

The Roscitt Family Foundation's EIN (Employer Identification Number) is 13-4201736. IRS Form 990 filing data is available on this page for 2021–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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