W M Pitkin Foundation Inc

HACKENSACK, NJ EIN: 22-3119444

The Winifred M and George P Pitkin Foundation Inc is a private foundation established in 1991 and based in Hackensack, New Jersey. The foundation was created to support persons seeking to further their education through college attendance, particularly those facing financial difficulties or mental or physical disabilities. The foundation has expanded its focus to include qualified charities in the fields of medicine and higher education.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.4M

-3.5% YoY

Annual Giving

$615K

+16.0% YoY

Grant Count

+43.8% YoY

Avg Grant Size

$27K

-19.3% YoY

Under IRS private-foundation payout rules, W M Pitkin Foundation Inc reported a distributable amount of $614K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Medical programs and healthcare
Higher education
Educational programs
Environmental programs
Science education and STEM

Grantmaking

The foundation does not accept unsolicited applications. Grantmaking is by invitation only.

Grant Range

$10,000

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in New Jersey and Connecticut.

Grant Distribution by State

New Jersey $2.5M (99%)

New York $20K (1%)

Connecticut $15K (1%)

States

Connecticut New Jersey New York

Cities

AllendaleBernardsvilleBoontonCedar KnollsChathamChatham TownshipEast RutherfordEnglewoodFar HillsHackensackMaywoodMorristownNew BrunswickNew MilfordNew YorkNewarkParamusPatersonRamseyTeaneck

Financial History

Multi-year comparison from IRS filings

Total assets: $7,353,145 (as of 2024)
Total annual giving: $615,000
Total revenues: $955,510 (2024)
Total expenses: $1,210,524 (2024)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,353,145	$7,616,313	$6,212,107
Revenue	$955,510	$2,611,933	$701,807
Expenses	$1,210,524	$1,162,419	$939,455
Qualifying Distributions	$615,000	$530,000	$505,000
Net Investment Income	$290,654	$2,013,767	$307,262
Distributable Amount	$614,058	$532,973	$559,264

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

60 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Nj Audubon Society ($200,000), Hackensack University Medical ($135,000), Rutgers University Foundation ($60,000).

Recipient	Purpose	Amount
ADLER APHASIA CENTER MAYWOOD, NJ	SOCIAL CENTER	$25,000
BERGEN VOLUNTEER MEDICAL INITIATIVE HACKENSACK, NJ	MEDICAL VOLUNTEER	$25,000
CENTER FOR PEACE AND JUSTICE PARAMUS, NJ	EDUCATIONAL	$10,000
GREAT SWAMP WATERSHED ASSOCIATION MORRISTOWN, NJ	ENVIRONMENTAL PROTECTION	$5,000
GREEN ACRE COMMUNITY GARDEN PATERSON, NJ	SOCIAL CENTER	$5,000
HACKENSACK UNIVERSITY MEDICAL HACKENSACK, NJ	ENDOWMENT PROFESSORSHIP FUND	$135,000
HEALING THE CHILDREN NORTHEAST NEW MILFORD, CT	MEDICAL RESERACH	$5,000
HOVNANIAN SCHOOL NEW MILFORD, NJ	EDUCATIONAL	$10,000
NEW JERSEY CONSERVATION FOUNDATION FAR HILLS, NJ	ENVIRONMENTAL PURPOSE	$10,000
NEWARK SCIENCE & SUSTAINABILTY NEWARK, NJ	EDUCATIONAL	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSEPH B BASRALIAN	VICE PRESIDE	—	—
JOSEPH L BASRALIAN	PRESIDENT	—	—
JOSEPH F BISCHOFF	TREASURER	—	—

Contact Information

Address: 21 Main Street, Suite 101 Hackensack, NJ 07601-7021

Telephone: 973-667-9100

EIN: 22-3119444

Frequently Asked Questions

What does W M Pitkin Foundation Inc fund?

The foundation's primary purpose is to benefit persons desiring to further their education by attending college who are in need of assistance due to financial difficulties, mental or physical disability. The foundation currently supports qualified charities in the following areas: • Medical programs and healthcare • Higher education • Educational programs • Environmental programs • Science education and STEM

How do I apply for a grant from W M Pitkin Foundation Inc?

**Grant Activity:** • Annual giving: $615,000 • Number of grants: 23 annually • Median grant size: $10,000 • Grant range: $5,000 to $260,000 • Giving rate: 8.4% of assets **Application Policy:** The foundation does not accept unsolicited applications. Grantmaking is by invitation only. **Recent Grants (2024):** • Medical Staff of Hackensack University Medical Center: $135,000 (Endowment Professorship Fund) • Rutgers University Foundation: $60,000 (Educational) • Bergen Volunteer Medical Initiat…

Where does W M Pitkin Foundation Inc make grants?

The foundation primarily funds organizations in New Jersey and Connecticut.

What size grants does W M Pitkin Foundation Inc award?

In 2024, W M Pitkin Foundation Inc awarded 23 grants totaling $615K — an average of about $27K per grant, based on its IRS Form 990 filings.

How much is W M Pitkin Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, W M Pitkin Foundation Inc reported a distributable amount of $614K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.