The David and Mary Krassenstein Foundation
Preselected recipients only
The David and Mary Krassenstein Foundation is a private foundation in Margate, New Jersey. In tax year 2025 it gave $75,000 in 6 grants; the typical grant was $10,714 and the largest $21,430. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$75,000
- Number of grants6
- Typical grant$10,714
- Largest grant$21,430
- Assets$1.5 million
- New grantees0%
Giving in 2025 was up from $69,651 the year before.
0% of its 2025 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $67,103 | 6 | $1.3 million |
| 2024 | $69,651 | 6 | $1.4 million |
| 2025 | $75,000 | 6 | $1.5 million |
How to apply
The David and Mary Krassenstein Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What The David and Mary Krassenstein Foundation funds
Where it gives
All of its grants went to recipients in New Jersey.
| State | Grants | Amount |
|---|---|---|
| New Jersey | 6 | $75,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Shirat Hayam | Charitable purposes | $21,430 |
| Congregation Beth Judah | Charitable purposes | $10,714 |
| Jewish Community Center | Charitable purposes | $10,714 |
| Jewish Family Service | Charitable purposes | $10,714 |
| Seashore Gardens Living Center | Charitable purposes | $10,714 |
| Temple Beth Shalom | Charitable purposes | $10,714 |
Officers and trustees
- William E Margolis
- Ruth K Niesen
Questions people ask
Does The David and Mary Krassenstein Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The David and Mary Krassenstein Foundation give?
$75,000 in tax year 2025, across 6 grants, with a typical grant of $10,714.
Who runs The David and Mary Krassenstein Foundation?
Its 2025 filing lists William E Margolis (President/Trustee) and Ruth K Niesen (Treasurer/Trustee).
What does The David and Mary Krassenstein Foundation fund?
Based on its grants, mainly faith communities.