Justamere Foundation
EIN 862670774 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $580,050. This amount represents 25% or more of the Foundation's net assets of $2,000,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | $580K | $28.0M | $31.5M | 48 |
| 2022 | $3.2M | $27.8M | $2.1M | 109 |
| 2023 | $3.9M | $27.3M | $1.3M | 135 |
| 2024 | $4.4M | $23.1M | $1.5M | 136 |
Grant Size Distribution
Based on 428 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (428 total)
| Purpose | ||||
|---|---|---|---|---|
| Williamson College of the Trades | Media, PA | $500,000 | Justamere Scholarship Endowment fund | 2022 |
| Williamson College of the Trades | Media, PA | $500,000 | Scholarship fund | 2024 |
| Valor Clinic Foundation | Brodheadsvlle, PA | $304,820 | General & Unrestricted | 2024 |
| Thaddeus Stevens Foundation | Lancaster, PA | $200,000 | Thaddeus Stevens College Economic Prosperity Tuition Support fund | 2023 |
| Lancaster County Career & Technology Foundation | Willow Street, PA | $150,000 | Lancaster County Career & Technology Foundation Workforce Talent | 2022 |
| Lehigh Carbon Community College Foundation | Schnecksville, PA | $150,000 | Strengthening LCCC's Health Care Career Pathways Scholarship fund | 2022 |
| Mission Edge San Diego | San Diego, CA | $140,000 | TFM Cybersecurity Scholarship fund for Veterans | 2023 |
| Mission Edge San Diego | San Diego, CA | $112,000 | Task Force Movement Scholarship Fund | 2022 |
| Mission Edge San Diego | San Diego, CA | $112,000 | Task Force Movement CDL Scholarship fund for veterans and SIV Afghan refugees | 2023 |
| Thaddeus Stevens Foundation | Lancaster, PA | $101,672 | scholarship fund | 2022 |
| The Harrisburg Area Community College Foundation | Lancaster, PA | $101,247 | Certified workforce training for HACC's military and veteran students in need fund | 2024 |
| Arts Holding Hands and Hearts Inc | Kennett Square, PA | $100,000 | Chester County Imagination Library - Year 1 funding | 2022 |
| Montgomery County Community College Foundation | Blue Bell, PA | $100,000 | MontcoWorks Apprenticeship Program and the CNC Program | 2022 |
| Arts Holding Hands and Hearts Inc | Kennett SQ, PA | $100,000 | Chester County Imagination Library | 2023 |
| Hackensack Meridian Health Inc | Edison, NJ | $100,000 | Student Scholarship Fund | 2023 |
| Rowan University Foundation Inc | Glassboro, NJ | $100,000 | 3+1 Program Tuition Support fund for Students in their Final Year | 2023 |
| Chester County Community Foundation Inc | West Chester, PA | $100,000 | AHHAH Chester County Imagination Library Fund | 2024 |
| Mission Edge San Diego | San Diego, CA | $100,000 | TFM Cybersecurity Scholarship fund - Fusion Cyber - Lincoln University scholarship fund | 2024 |
| Montgomery County Community College Foundation | Blue Bell, PA | $100,000 | MontcoWorks Apprenticeship Program | 2024 |
| Swarthmore College | Swarthmore, PA | $100,000 | Chester Children's Chorus Summer Learning Program | 2024 |
| Armstrong County Community Action Agency | Kittanning, PA | $94,380 | Dolly Parton's Imagination Library | 2023 |
| Chester County IU 24 | Downingtown, PA | $90,000 | Trade School Scholarship Fund | 2024 |
| Uwchlan Ambulance Corps Inc | Exton, PA | $88,000 | Scholarship Fund for Training Institute | 2022 |
| Good Fellowship Club of Chester County Inc | West Chester, PA | $88,000 | EMS Certification Tuition Assistance Scholarship Fund | 2023 |
| Uwchlan Ambulance Corps Inc | Exton, PA | $88,000 | Scholarship Fund for Training Institute | 2024 |
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