Private foundation · EIN 54-2124868 · Margate, New Jersey · Philanthropy & grantmaking

David and Mary Krassenstein Foundation

Should you approach them?

Don't send a cold proposal. The foundation reports that it only gives to preselected organizations; an introduction through a current grantee or board member is the realistic route.

From the 2025 Form 990-PF: 6 grants paid, $75K total, median $11K. 100% of grants stayed in New Jersey.

Accepts applications
No
per 990-PF Part XV
Grants paid, 2025
6
$75K
Median grant
$11K
Stays in NJ
100%
of grants
Deadline
—
Assets
$1.4M

Grants paid in 2025

6 grants, all shown · from Form 990-PF Part XV

RecipientPurposeAmount
Shirat HayamVentnor, NJCharitable purposes$21K
Congregation Beth JudahVentnor, NJCharitable purposes$11K
Jewish Community CenterMargate, NJCharitable purposes$11K
Jewish Family ServiceMargate, NJCharitable purposes$11K
Seashore Gardens Living CenterGalloway, NJCharitable purposes$11K
Temple Beth ShalomBrigantine, NJCharitable purposes$11K

About this foundation

David and Mary Krassenstein Foundation is a private grantmaking foundation in Margate, New Jersey, administered in care of Donna Munaco, tax-exempt since 2003. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.

All filings on ProPublica

Does David and Mary Krassenstein Foundation accept grant applications?

No. On its 2025 Form 990-PF the foundation checked that it only makes contributions to preselected organizations. Look for an introduction through a current grantee.

How much does David and Mary Krassenstein Foundation give each year?

In tax year 2025 it paid $75K across 6 grants, a median of $11K.

Where does David and Mary Krassenstein Foundation give?

New Jersey (6 grants), per its latest filing.

More foundations near Margate that accept applications

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