The Bobby Fulton Memorial Fund Inc. is a private foundation based in Runnemede, New Jersey, established in 2018. The organization operates as a 501(c)(3) nonprofit with no employees and focuses exclusively on providing scholarship support to deserving students.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
+7.2% YoY
Annual Giving
$330K
-4.3% YoY
Grant Count
22
-4.3% YoY
Avg Grant Size
$15K
+0.0% YoY
Mission & Focus Areas
The Bobby Fulton Memorial Fund was established to provide financial assistance to exceptional young men and women who demonstrate academic excellence, special talents, community involvement, and financial need. The fund honors the memory of Bobby Fulton, a Haddonfield Memorial High School graduate and Scholar Athlete Award winner who excelled in varsity basketball and golf. Bobby was the captain of the HMHS golf team that won the Colonial Conference Championship and attended Lafayette College, where he earned a varsity letter as a freshman—the first freshman to do so since World War II. He was killed in an automobile accident in the summer of 1973 shortly after completing his freshman year.
The fund was established by two Tavistock Country Club members in consultation with the Fulton family. Bobby's father, Robert E. Fulton, and grandfather, Samuel E. Fulton, were both known for their service to youth, which informed the foundation's mission.
Grantmaking
The Bobby Fulton Memorial Fund distributes scholarships to college students. In 2024, the fund awarded $15,000 scholarships to 22 eligible students, totaling $330,000 in grants. The typical award amount is $15,000 per recipient.
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Geographic Focus
Where this funder awards grants
The fund primarily supports students from Camden County, New Jersey, with a particular emphasis on Haddonfield Memorial High School graduates.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $6,231,570
- Total Revenues: $508,378
- Total Expenses: $334,553
- Total Giving: $330,000
Revenue Composition (2024):
- Investment income and dividends: $146,656
- Net gain from sale of non-inventory assets: $361,722
- Total grants and contributions received: $0
Year-over-Year Growth:
- Total revenues increased 152.6% from 2023 ($201,224) to 2024 ($508,378)
- Investment income increased 23% from 2023 to 2024
- Net gains from asset sales increased 341.1% from 2023 to 2024
The fund received no contributions and conducted no fundraisers in 2024, relying instead on investment returns and asset sales to support its grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,231,570 | $5,812,017 | $5,263,679 |
| Revenue | $508,378 | $201,224 | $370,775 |
| Expenses | $334,553 | $353,406 | $345,000 |
| Qualifying Distributions | $330,000 | $345,000 | $345,000 |
| Net Investment Income | $508,378 | $201,224 | $370,775 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES F CONWAY | President | 2 | — |
| GERALD G WILLIS | Treasurer | 10 | — |
| JASON WALKER | Trustee | 2 | — |
| JOHN O'MALLEY | Trustee | 2 | — |
| KYLE ERDNER | Trustee | 2 | — |
| LOUIS PRINCIPATO | Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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