Fournier Family Foundation Inc

Organization Overview

Fournier Family Foundation Inc is located in Summit, NJ. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community 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. Fournier 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, Fournier Family Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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 2014, Fournier Family Foundation Inc has awarded 292 individual grants totaling $19,232,100. 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $614,397
Interest on Savings $293
Dividends & Interest $84,213
Net Rental Income$0
Net Gain on Sale of Assets $1,450,102
Capital Gain Net Income $1,450,102
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$50,837
Total Revenue $2,098,168

Grants Awarded

Over the last fiscal year, Fournier Family Foundation Inc has awarded $2,712,403 in support to 21 organizations.

Grant RecipientAmount

ST BENEDICTS

PURPOSE: CHARITABLE IRC 170 (C)(2)

$1,823,763

NATIONAL PHILANTHROPIC TRUST

Org PageRecipient Profile

Jenkintown, PA

PURPOSE: CHARITABLE IRC 170 (C)(2)

$700,000

HEFTER RESEARCH

PURPOSE: CHARITABLE IRC 170 (C)(2)

$75,000

Bethesda, MD

PURPOSE: CHARITABLE IRC 170 (C)(2)

$25,000

BOYS & GIRLS CLUB OF NEWARK

PURPOSE: CHARITABLE IRC 170 (C)(2)

$25,000

MYLESTONE EQUINE RESCUE

PURPOSE: CHARITABLE IRC 170 (C)(2)

$20,000
View Grant Profile

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