Carey Scholarship
Carey Scholarship is a private foundation based in Wall, New Jersey. Its 2025 filing describes awards for graduates pursuing four-year academic college programs, with economic need, academic excellence, and extracurricular activities as the primary considerations.
Carey Scholarship at a glance
In short: Carey Scholarship gave $43K across 21 grants in 2025 (avg $2K), top state New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,500
- +7.6% vs 2024
- Grants made (2025)
- 21
- +40.0% vs 2024
- Average grant
- $2,024
- -23.1% vs 2024
- Median grant
- $1,000
- Total assets
- $690,350
- -3.1% vs 2024
- Primary geography
- New Jersey (45% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Carey Scholarship
- How to Apply
-
The filing directs applicants to contact Manchester Township High School and says an application is requested. Awards are restricted to graduates pursuing four-year academic college programs, with economic need, academic excellence, and extracurricular activities as the primary considerations.
- Contact
Application contact: Manchester Township High School
Mailing address: 101 S Colonial Drive, Manchester Township, NJ 08759
Phone: (732) 657-2121
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Carey Scholarship funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Coastal Carolina University ($8K). Together the top 10 received $34K.
Organizations only. It also paid 1 individual scholarship ($3,000), which are not listed by name.
Grant Size Distribution
85 grants across all recorded years
The most common grant size was under $50K: 85 grants of 85 (100%).
Geographic Focus
Where this funder awards grants
The foundation is based in New Jersey. In 2025, recipients in New Jersey received 45% of grant dollars, followed by South Carolina at 25%, New York at 7%, Pennsylvania at 6%, and Massachusetts at 5%. These figures describe the locations of recipients, not an exclusive geographic restriction.
Grant Distribution by State
Share of 2025 grant dollars across all 21 itemized grants.
States
Cities
How Carey Scholarship gives
- 20% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 $37K (2020) to $49K (2022). In 2025 it made 21 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Coastal Carolina University Conway, SC | Scholarship | $7,500 |
| Kean University Union, NJ | Scholarship | $6,000 |
| The College of New Jersey Ewing Township, NJ | Scholarship | $5,000 |
| University of South Carolina Columbia, SC | Scholarship | $3,000 |
| 1 individual scholarship Recipients not named | — | $3,000 |
| Rutgers University New Brunswick, NJ | Scholarship | $3,000 |
| Worcester Polytechnic Institute Worcester, MA | Scholarship | $2,000 |
| Montclair State University Montclair, NJ | Scholarship | $2,000 |
| Michigan State University East Lansing, MI | Scholarship | $2,000 |
| Drexel University Philadelphia, PA | Scholarship | $2,000 |
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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 | $690,350 | $33,948 | $56,312 | $42,500 | 21 | $45,986 | $24,003 | $43,622 |
| 2024 | $712,293 | $27,970 | $51,769 | $39,500 | 15 | $42,801 | $19,055 | $41,752 |
| 2023 | $735,908 | $16,726 | $51,076 | $39,517 | 20 | $42,650 | $10,958 | $39,173 |
| 2022 | $770,268 | $-11,164 | $62,625 | $49,450 | 15 | $52,530 | $7,870 | $41,162 |
| 2021 | $844,341 | $33,611 | $61,946 | $47,533 | 14 | $50,934 | $23,258 | $45,929 |
| 2020 | $846,003 | $9,889 | $44,493 | $37,000 | 12 | — | $4,244 | $41,982 |
Under IRS private-foundation payout rules, Carey Scholarship reported a distributable amount of $44K 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 separate mission statement is provided. The 2025 filing describes the award criteria as graduates pursuing four-year academic college programs, with primary consideration given to economic need, academic excellence, and extracurricular activities.
The 2025 grants included scholarships to colleges and universities. Among the recipients, Worcester Polytechnic Institute describes its mission as transforming lives and advancing STEM through education, projects, and research; Drexel University describes its mission as preparing students for professional and civic lives while addressing societal problems; and King’s College describes its mission as providing a broad-based liberal arts education in the Catholic, Holy Cross tradition.
Grantmaking
In 2025, the foundation gave 21 grants totaling $42,500. Grants ranged from $500 to $7,500, with a median of $1,000.
The largest listed awards were $7,500 to Coastal Carolina University, $6,000 to Kean University, and $5,000 to The College of New Jersey. Other listed awards included $3,000 each to the University of South Carolina, New York Institute of Technology, and Rutgers University, and $2,000 each to Worcester Polytechnic Institute, Montclair State University, Michigan State University, and Drexel University.
Leadership & Key People
Officers and directors from IRS filings
Carey Scholarship's only listed officer is Garden State Trust Company, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Garden State Trust Company
Trustee
On filings since 2020
1 hr/week
$7K (2020) → $11K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $11K, to Garden State Trust Company (Trustee).
Frequently asked questions about Carey Scholarship
How much does Carey Scholarship give each year?
Carey Scholarship gave $43K across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 15 grants.
What is Carey Scholarship's typical grant size?
Carey Scholarship's median grant in 2025 was $1,000, and its average grant was $2,024, across 21 grants on its 2025 IRS Form 990-PF.
Where does Carey Scholarship give grants?
Carey Scholarship's top state is New Jersey, with 45% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were South Carolina (25%) and New York (7%).
Does Carey Scholarship give general operating support?
Not in 2025: none of the 21 grants with a stated purpose on Carey Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (21 grants).
Who are Carey Scholarship's largest grantees?
Carey Scholarship's largest 2025 grantees include Coastal Carolina University ($7,500), Kean University ($6,000) and The College of New Jersey ($5,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($3,000), which are not listed by name. Together they received 44% of its itemized 2025 grant dollars.
How large is Carey Scholarship?
Carey Scholarship reported $690K in total assets on its 2025 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $44K (roughly 5% of its investment assets).
What does Carey Scholarship fund?
No separate mission statement is provided. The 2025 filing describes the award criteria as graduates pursuing four-year academic college programs, with primary consideration given to economic need, academic excellence, and extracurricular activities. See mission & focus areas ↑
How do I apply for a grant from Carey Scholarship?
The filing directs applicants to contact Manchester Township High School and says an application is requested. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Carey Scholarship's EIN?
Carey Scholarship's EIN (Employer Identification Number) is 85-6189970. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 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 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 11, 2025)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 26, 2022)
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