Chernoff Memorial Charitable Fdn
Chernoff Memorial Charitable Fdn is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $16.2M in total assets. In 2025, it awarded 2 grants totaling $797K. Net investment income was $1.1M.
Chernoff Memorial Charitable Fdn at a glance
In short: Chernoff Memorial Charitable Fdn gave $797K across 2 grants in 2025 (avg $398K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $796,936
- +11.4% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $398,468
- -44.3% vs 2024
- Median grant
- $398,468
- Total assets
- $16,152,721
- +1.4% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Chernoff Memorial Charitable Fdn funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Salvation Army ($797K across 2 grants).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $250–500K range: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Chernoff Memorial Charitable Fdn gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $607K (2020) to $814K (2022). In 2025 it made 2 grants totaling $797K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Salvation Army West Nyack, FL | Unrestricted General | $398,468 |
| The Salvation Army Lutz, FL | Unrestricted General | $398,468 |
Ready to take the next step with Chernoff Memorial Charitable Fdn?
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 | $16,152,721 | $1,278,390 | $1,046,740 | $796,936 | 2 | $884,993 | $1,126,252 | $975,317 |
| 2024 | $15,930,086 | $1,489,175 | $953,081 | $715,390 | 1 | $841,551 | $1,390,418 | $923,096 |
| 2023 | $15,404,866 | $1,198,589 | $895,870 | $694,088 | 1 | $805,038 | $779,460 | $826,341 |
| 2022 | $15,106,192 | $646,804 | $1,255,990 | $813,978 | 1 | $961,993 | $501,958 | $842,102 |
| 2021 | $15,708,148 | $1,774,612 | $966,110 | $667,108 | 2 | $796,197 | $1,308,427 | $943,068 |
| 2020 | $14,922,407 | $945,140 | $922,067 | $606,624 | 2 | — | $655,544 | $780,291 |
Under IRS private-foundation payout rules, Chernoff Memorial Charitable Fdn reported a distributable amount of $975K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Chernoff Memorial Charitable Fdn's only listed officer is Bank Of America N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2020
2 hrs/week
$179K (2020) → $220K (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 $220K, to Bank of America N a (Trustee).
Frequently asked questions about Chernoff Memorial Charitable Fdn
How much does Chernoff Memorial Charitable Fdn give each year?
Chernoff Memorial Charitable Fdn gave $797K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $715K across 1 grant.
How large is Chernoff Memorial Charitable Fdn?
Chernoff Memorial Charitable Fdn reported $16.2M in total assets on its 2025 IRS Form 990-PF. It paid out $885K in qualifying distributions that year, against a required minimum of $975K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Chernoff Memorial Charitable Fdn operate?
Chernoff Memorial Charitable Fdn has awarded grants in Florida, New York.
What is Chernoff Memorial Charitable Fdn's EIN?
Chernoff Memorial Charitable Fdn's EIN (Employer Identification Number) is 30-6633439. 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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Chernoff Memorial Charitable Fdn's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in New Jersey
We Share A Common Thread Foundation Inc
Lowell, MA
We Share A Common Thread Foundation supports community needs in food, shelter, clothing, health, and education, with reported giving of about $371,000 in 2023 and $374,000 in 2024. Its 2024 grants went to Massachusetts recipients; contact Alison Hughes to ask about applying, as the profile does not state whether unsolicited requests are accepted.
Assets
$481K
Grants
1
Total Given
$374K
William O Vann Foundation
Birmingham, AL
Assets
$521K
Grants
2
Total Given
$26K
Psalmonds Family Foundation Trust
Shreveport, LA
Assets
$465
Grants
3
Total Given
$6K
Hazel M Teegarden Foundation Inc
Seymour, IN
Assets
$1.1M
Grants
4
Total Given
$69K
Las Vegas Rotary Foundation Inc
Las Vegas, NV
The purpose of the Organization is to bring together business and professional leaders to provide humanitarian service, encourage high ethical standards in all vocations, and help goodwill and peace in the world.
Assets
$4.0M
Grants
6
Total Given
$102K
Bert & Ann Shearer Foundation
Fort Wright, KY
Assets
$313K
Grants
6
Total Given
$110K
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Chernoff Memorial Charitable Fdn'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.
Chernoff Memorial Charitable Fdn down — hundreds of funders to go?