Margolies Family Foundation Inc

Organization Overview

Margolies Family Foundation Inc is located in Florham Park, NJ. The organization was established in 2015. 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. Margolies Family Foundation Inc 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 12/2021, Margolies Family Foundation Inc generated $641.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $289.6k during the year ending 12/2021. While expenses have increased by 5.0% 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.

Since 2015, Margolies Family Foundation Inc has awarded 35 individual grants totaling $1,245,472. 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.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $13,352
Dividends & Interest $43,971
Net Rental Income$0
Net Gain on Sale of Assets $587,627
Capital Gain Net Income $587,627
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$3,524
Total Revenue $641,426

Grants Awarded

Over the last fiscal year, Margolies Family Foundation Inc has awarded $225,050 in support to 10 organizations.

Grant RecipientAmount

THE WESTFIELD FOUNDATION

Org PageRecipient Profile

Westfield, NJ

PURPOSE: GENERAL UNRESTRICTED

$165,000

HAND IN HAND FOUNDATION

PURPOSE: GENERAL UNRESTRICTED

$25,000

LINK EDUCATION PARTNERS

Org PageRecipient Profile

Newark, NJ

PURPOSE: GENERAL UNRESTRICTED

$15,000

STRENGTHEN OUR SISTERS

Org PageRecipient Profile

Hewitt, NJ

PURPOSE: GENERAL UNRESTRICTED

$5,000

THE MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL UNRESTRICTED

$5,000

NJ SHARING NETWORK

PURPOSE: GENERAL UNRESTRICTED

$5,000
View Grant Profile

Peer Organizations

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