Chad A Jacobs Memorial Foundation

Organization Overview

Chad A Jacobs Memorial Foundation is located in Westport, CT. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Chad A Jacobs Memorial 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 12/2023, Chad A Jacobs Memorial Foundation generated $41.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $68.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Chad A Jacobs Memorial Foundation has awarded 27 individual grants totaling $460,620. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE CHAD A. JACOBS MEMORIAL FOUNDATION IS TO FUND ACADEMIC AND ATHLETIC SCHOLARSHIPS TO CHILDREN WITH FINANCIAL NEED WHO LIVE IN THE SURROUNDING COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE CHAD A. JACOBS MEMORIAL FOUNDATION IS TO FUND ACADEMIC AND ATHLETIC SCHOLARSHIPS TO CHILDREN WITH FINANCIAL NEED WHO LIVE IN THE SURROUNDING COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Jacobs
Chair
$0
Tom Ryan
Assistant Chair
$0
Don Jacobs
Board Member
$0
Ginny Jacobs
Board Member
$0
Scott Santarella
Board Member
$0
Brendon Frey
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$31,247
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$31,247
Total Program Service Revenue$0
Investment income $16,580
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,480
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,347

Grants Awarded

Over the last fiscal year, Chad A Jacobs Memorial Foundation has awarded $55,857 in support to 3 organizations.

Grant RecipientAmount

ACT OF KINDNESS

PURPOSE: PROVIDES ACADEMIC AND ATHLETIC SCHOLARSHIP TO CHILDREN IN FINANCIAL NEED FOCUSING ON CHILDREN WHO RESIDE IN CONNECTICUT.

$6,150

WONDERLAND WIZARDS YOUTH HOCKEY ASSOCIATION INC

PURPOSE: PROVIDES ACADEMIC AND ATHLETIC SCHOLARSHIP TO CHILDREN IN FINANCIAL NEED FOCUSING ON CHILDREN WHO RESIDE IN CONNECTICUT.

$43,707

UCONN

PURPOSE: PROVIDES ACADEMIC AND ATHLETIC SCHOLARSHIP TO CHILDREN IN FINANCIAL NEED FOCUSING ON CHILDREN WHO RESIDE IN CONNECTICUT.

$6,000
View Grant Profile

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