W Parsons Todd Foundation Inc

EWING, NJ EIN: 13-6116488

W Parsons Todd Foundation Inc is a private foundation, based in EWING, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 3 grants totaling $220K. Net investment income was $327K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.9M

+2.9% YoY

Annual Giving

$220K

-7.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$73K

-7.0% YoY

Under IRS private-foundation payout rules, W Parsons Todd Foundation Inc reported a distributable amount of $235K for 2024 — the minimum it must pay out in qualifying distributions.

About W Parsons Todd Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $1.2M (100%)

States

New Jersey

Cities

Morristown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,895,997	$3,785,339	$4,030,366
Revenue	$362,808	$29,646	$70,778
Expenses	$256,976	$277,637	$287,788
Qualifying Distributions	$220,769	$237,213	$257,086
Net Investment Income	$326,601	$83,187	$69,065
Distributable Amount	$234,534	$218,057	$234,769

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Macculloch Hall Historical Museum ($216,952), Church of the Redeemer ($3,000), Friend of Historic Speedwell ($500).

Recipient	Purpose	Amount
CHURCH OF THE REDEEMER MORRISTOWN, NJ	FOR OPERATING EXPENSES OF THE RECIPENT CHARITY	$3,000
MACCULLOCH HALL HISTORICAL MUSEUM MORRISTOWN, NJ	FOR OPERATING EXPENSES OF THE RECIPENT CHARITY	$216,952
FRIEND OF HISTORIC SPEEDWELL MORRISTOWN, NJ	FOR OPERATING EXPENSES OF THE RECIPENT CHARITY	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MELVIN S HELLER	TRUSTEE	1	—
DOUGLAS A PROPP	TRUSTEE	1	—
RODNEY M PROPP	TRUSTEE	1	—

Frequently Asked Questions

How large is W Parsons Todd Foundation Inc?

As of 2024, W Parsons Todd Foundation Inc holds $3.9M in total assets with $363K in annual revenue. It awarded 3 grants totaling $220K in 2024.

Where does W Parsons Todd Foundation Inc operate?

W Parsons Todd Foundation Inc has awarded grants in New Jersey.

What size grants does W Parsons Todd Foundation Inc award?

In 2024, W Parsons Todd Foundation Inc awarded 3 grants totaling $220K — an average of about $73K per grant, based on its IRS Form 990 filings.

How much is W Parsons Todd Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, W Parsons Todd Foundation Inc reported a distributable amount of $235K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.