Milan Puskar Foundation Inc
- Assets
- $44.8m
- Revenue
- $8.7m
- Investments
- $43.2m
- Employees
- 0
- Location
- Morgantown, WV
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 55-0749674
Organization Overview
Milan Puskar Foundation Inc is located in Morgantown, WV. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Milan Puskar 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, Milan Puskar Foundation Inc generated $8.7m in total revenue.
Since 2019, Milan Puskar Foundation Inc has awarded 64 individual grants totaling $3,301,410. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Pratt Director | 0.75 | $15,000 | |
F Thomas Rubenstein Director | 0.75 | $15,000 | |
David M Thomas Director | 0.75 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,160,477 |
| Interest on Savings | $83 |
| Dividends & Interest | $859,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,708,213 |
| Capital Gain Net Income | $4,708,213 |
| Net ST Capital Gain | $220,060 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,728,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $31 |
| Taxes | $111,404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $247 |
| Printing and publications | $0 |
| Other expenses | $274,224 |
| Total operating and administrative expenses | $439,646 |
| Contributions, gifts, grants paid | $1,794,910 |
| Total expenses and disbursements | $2,234,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,285 |
| Savings and temporary cash investments | $1,534,053 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,405,921 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $37,148 |
| Total assets | $44,779,653 |
| Accounts payable and accrued expenses | $249 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $44,000 |
| Total liabilities | $44,249 |
Grants Awarded
Over the last fiscal year, Milan Puskar Foundation Inc has awarded $1,794,910 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
MON HEALTH MEDICAL CENTER FOUNDATION PURPOSE: MEDICAL RELATED | $200,000 |
Morgantown, WV PURPOSE: MEDICAL RELATED | $200,000 |
MONONGALIA COUNTY SCHOOLS PURPOSE: EDUCATION | $150,000 |
Clarksburg, WV PURPOSE: SOCIAL WELFARE RELATED | $140,000 |
Fairmont, WV PURPOSE: SOCIAL WELFARE RELATED | $96,000 |
Reedsville, WV PURPOSE: SOCIAL WELFARE RELATED | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |