Arc Foundation Inc
ARC Foundation Inc is a private foundation based in Allentown, New Jersey. Its 2025 filing lists charitable grants to organizations in several states, with most grant dollars going to recipients in North Carolina and New Jersey.
Arc Foundation Inc at a glance
In short: Arc Foundation Inc gave $276K across 35 grants in 2025 (avg $8K), mostly in North Carolina. 20% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $276,228
- +616.0% vs 2024
- Grants made (2025)
- 35
- +25.0% vs 2024
- Average grant
- $7,892
- +472.8% vs 2024
- Median grant
- $1,000
- Total assets
- $248,120
- -44.1% vs 2024
- New grantees (estimate)
- 20% first-time grantees (7 of 35, 2025)
- Primary geography
- North Carolina (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Arc Foundation Inc
- How to Apply
-
The foundation does not restrict giving to preselected organizations. Requests for funds supporting charitable activities that further the foundation’s purpose will be considered. The filing says to provide information regarding the charitable purpose and names August Fasolino Jr as the contact for requests. The foundation normally will not consider requests for general fundraising drives.
- Contact
Application contact: August Fasolino Jr
Mailing address: 12 Bunker Hill, Allentown, NJ 08501
Phone: (609) 208-2087
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Arc Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Bank of America Charitable Fund ($227K). Together the top 10 received $256K.
Grant Size Distribution
139 grants across all recorded years
The most common grant size was under $50K: 138 grants of 139 (99%).
Geographic Focus
Where this funder awards grants
In 2025, 83% of grant dollars went to recipients in North Carolina and 13% to recipients in New Jersey. New York, Washington, and Ohio each accounted for 1%. The listed grants include recipients in other states as well.
Grant Distribution by State
Share of 2025 grant dollars across all 35 itemized grants.
States
Cities
Is Arc Foundation Inc open to new grantees?
20%
first-time grantees, 2025
In 2025, 7 of 35 grantees (20%) were first-time recipients. First grants averaged $33K; repeat grants $2K. How we count
Medians: $200 first-time, $1K repeat.
- 77% of 2025 grantees were also funded in 2024. Method
- Giving grew 734% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $26K (2023) to $276K (2025). In 2025 it made 35 grants totaling $276K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bank of America Charitable Fund Charlotte, NC | Charitable | $227,022 |
| Parish of St Isidore the Farmer New Egypt, NJ | Charitable | $5,587 |
| Trenton Area Soup Kitchen Trenton, NJ | Charitable | $3,500 |
| Lunch Break Red Bank, NJ | Charitable | $3,100 |
| Homefront Lawrenceville, NJ | Charitable | $3,000 |
| Mercer Street Friends Foodbank Trenton, NJ | Charitable | $3,000 |
| Oasis Paterson, NJ | Charitable | $3,000 |
| Fulfill Neptune, NJ | Charitable | $2,500 |
| Ocean's Harbor House Toms River, NJ | Charitable | $2,500 |
| Rescue Mission of Trenton Trenton, NJ | Charitable | $2,500 |
Ready to take the next step with Arc Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $248,120 | $81,880 | $277,259 | $276,228 | 35 | $276,228 | $13,015 | $20,128 |
| 2024 | $443,499 | $82,021 | $39,307 | $38,577 | 28 | $38,577 | $19,833 | $19,220 |
| 2023 | $400,785 | $65,058 | $27,303 | $26,409 | 24 | $26,409 | $8,058 | $18,334 |
| 2022 | $363,030 | $69,130 | $34,071 | $33,135 | 27 | $33,135 | $7,070 | $16,304 |
| 2021 | $327,971 | $60,790 | $30,719 | $30,017 | 25 | $30,017 | $25,264 | $14,939 |
| 2020 | $297,900 | $59,850 | $35,089 | $33,956 | 26 | — | $2,864 | $13,029 |
Under IRS private-foundation payout rules, Arc Foundation Inc reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. Its 2025 grants include support for food assistance, homelessness services, youth services, and humanitarian and community programs. For example, Lunch Break describes its work as providing food, emergency shelter, clothing, and life skills to people in need in Monmouth County and beyond. HomeFront says it works to end homelessness in Central New Jersey and help families become self-sufficient. Ocean’s Harbor House describes its mission as providing shelter, support, and services for vulnerable youth.
Grantmaking
In 2025, the foundation made 35 grants totaling $276,228. Grant amounts ranged from $50 to $227,022, with a median of $1,000. The largest grant was $227,022 to Bank of America Charitable Fund in Charlotte, North Carolina. Other notable awards included $5,587 to Parish of St Isidore the Farmer in New Egypt, New Jersey; $3,500 to Trenton Area Soup Kitchen; $3,100 to Lunch Break; and $3,000 each to HomeFront, Mercer Street Friends Foodbank, and Oasis.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists three trustees: August Fasolino Jr, Cheryle Fasolino, and Shelley Stroehlein.
Arc Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
August Fasolino Jr.
Trustee
On filings since 2020
No compensation reported
Cheryle Fasolino
Trustee
On filings since 2020
No compensation reported
Shelley Stroehlein
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Arc Foundation Inc
How much does Arc Foundation Inc give each year?
Arc Foundation Inc gave $276K across 35 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $39K across 28 grants.
What is Arc Foundation Inc's typical grant size?
Arc Foundation Inc's median grant in 2025 was $1,000, and its average grant was $7,892, across 35 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Arc Foundation Inc that year got $33K on average.
Where does Arc Foundation Inc give grants?
Arc Foundation Inc gives mostly in North Carolina: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (13%). The most frequent recipient cities were Trenton, NJ (5 grants), Toms River, NJ (3 grants), Allentown, NJ (3 grants) and Paterson, NJ (2 grants).
Does Arc Foundation Inc give general operating support?
Not in 2025: none of the 35 grants with a stated purpose on Arc Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (35 grants).
Who are Arc Foundation Inc's largest grantees?
Arc Foundation Inc's largest 2025 grantees include Bank of America Charitable Fund ($227,022), Parish of St Isidore the Farmer ($5,587) and Trenton Area Soup Kitchen ($3,500), according to its 2025 IRS Form 990-PF. Together they received 85% of its itemized 2025 grant dollars.
How large is Arc Foundation Inc?
Arc Foundation Inc reported $248K in total assets on its 2025 IRS Form 990-PF. It paid out $276K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
What does Arc Foundation Inc fund?
No mission statement is provided. Its 2025 grants include support for food assistance, homelessness services, youth services, and humanitarian and community programs. See mission & focus areas ↑
How do I apply for a grant from Arc Foundation Inc?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Arc Foundation Inc's EIN?
Arc Foundation Inc's EIN (Employer Identification Number) is 52-1790846. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Explore Open Grants
Browse active grant opportunities in Arc Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Arc Foundation Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/arc-foundation-inc-morg_05f4992b3f264d01bfef7d9630932f85
BibTeX
@misc{grantable_521790846_2026,
author = {{Grantable}},
title = {{Arc Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/arc-foundation-inc-morg_05f4992b3f264d01bfef7d9630932f85},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Arc Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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