Frank And Louise Groff Foundation

Organization Overview

Frank And Louise Groff Foundation is located in Long Branch, NJ. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank And Louise Groff Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Frank And Louise Groff Foundation generated $33.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $30.4k during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AWARDED PER REQUIREMENTS LISTED IN PART XIV, QUESTION 2(D)


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $5
Dividends & Interest $5,774
Net Rental Income$0
Net Gain on Sale of Assets $25,157
Capital Gain Net Income $25,157
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $2,800
Total Revenue $33,736

Grants Awarded

Over the last fiscal year, Frank And Louise Groff Foundation has awarded $26,100 in support to 28 organizations.

Grant RecipientAmount

ASHLEY CONWAY

PURPOSE: MEDICAL SCHOOL EXPENSES

$1,000

COURTNEY DUNPHY

PURPOSE: MEDICAL SCHOOL EXPENSES

$1,000

DINA COLLINS

PURPOSE: MEDICAL SCHOOL EXPENSES

$1,000

JACLYN WOLD

PURPOSE: MEDICAL SCHOOL EXPENSES

$1,000

BRIAN SHORR

PURPOSE: MEDICAL SCHOOL EXPENSES

$1,000

IJEOMA UNACHUKWU

PURPOSE: MEDICAL SCHOOL EXPENSES

$1,000
View Grant Profile

Peer Organizations

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