Vernon Family Foundation Inc

WEST ORANGE, NJ EIN: 84-1735239

Vernon Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST ORANGE, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $213K in total assets. In 2024, it awarded 14 grants totaling $9K. Net investment income was $6K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$213K

+6.9% YoY

Annual Giving

$9K

Grant Count

Avg Grant Size

$661

Under IRS private-foundation payout rules, Vernon Family Foundation Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Vernon Family Foundation 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 York $6K (63%)

New Jersey $2K (23%)

Pennsylvania $1K (12%)

District of Columbia $50 (1%)

Maryland $50 (1%)

Tennessee $50 (1%)

Texas $50 (1%)

States

District of Columbia Maryland New Jersey New York Pennsylvania Tennessee Texas

Cities

DallasHagerstownMemphisNew YorkPhiladelphiaRockville CenterSouth OrangeWashingtonWhippany

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2021
Total Assets	$213,459	$199,657	—
Revenue	$6,496	$5,754	—
Expenses	$9,439	$75	—
Qualifying Distributions	$9,254	—	—
Net Investment Income	$6,496	$5,679	—
Distributable Amount	$10,103	$8,246	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Friends of the Israel Defense Forces ($1,800), American Friends of Magen David Adom ($1,800), Jewish Federation of Greater MetroWest NJ ($1,800).

Recipient	Purpose	Amount
American Cancer Society Hagerstown, MD	Cancer research	$50
Birthright Israel Foundation New York, NY	Support subsidized young adult programing	$540
Bobrow Kosher Food Pantry by Oheb Shalom Congregation South Orange, NJ	Support the operations of a food pantry for the needy	$180
Friends of the Israel Defense Forces New York, NY	General nonmilitary support for the health well-being and education of Israels protectors	$1,800
Hebrew Free Burial Association New York, NY	Provide dignified funeral and burial services for those unable to afford it within the Jewish Community.	$540
Israeli Dance Institute Inc New York, NY	Support the study and exhibitions of Israeli Folk Dancing.	$54
Jewish Federation of Greater Philadelphia Philadelphia, PA	Programming and charitable works for the Philadelphia Jewish community	$1,080
Jewish National Fund Rockville Center, NY	General use by the organization	$1,080
Kol Rina Independent Minyan South Orange, NJ	Operational funding support	$180
American Friends of Magen David Adom New York, NY	General support of organization	$1,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Rabbi Lisa S Vernon	Trustee	1	—
Michael B Schatzberg	Trustee	1	—
Dr Chaim R Tuckman	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Vernon Family Foundation Inc?

Vernon Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST ORANGE, NJ. It holds $213K in total assets as of 2024.

How large is Vernon Family Foundation Inc?

As of 2024, Vernon Family Foundation Inc holds $213K in total assets with $6K in annual revenue. It awarded 14 grants totaling $9K in 2024.

Where does Vernon Family Foundation Inc operate?

Vernon Family Foundation Inc has awarded grants in District of Columbia, Maryland, New Jersey, New York, Pennsylvania, Tennessee, Texas.

What size grants does Vernon Family Foundation Inc award?

In 2024, Vernon Family Foundation Inc awarded 14 grants totaling $9K — an average of about $661 per grant, based on its IRS Form 990 filings.

How much is Vernon Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Vernon Family Foundation Inc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.