Claudio and Penny Pincus Foundation
The Claudio and Penny Pincus Foundation is a private foundation established in 2007 and based in Chatham, New Jersey. The foundation operates as a family foundation with a primary focus on making charitable gifts funded by investment returns.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.4M
+5.5% YoY
Annual Giving
$2.1M
+52.2% YoY
Grant Count
40
+14.3% YoY
Avg Grant Size
$52K
+33.2% YoY
Under IRS private-foundation payout rules, Claudio and Penny Pincus Foundation reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is to make charitable gifts with the interest and dividends earned from investments, as well as gains on investments. The foundation is classified under the National Taxonomy of Exempt Entities (NTEE) as a private independent foundation focused on philanthropy, voluntarism, and grantmaking.
Grantmaking
The foundation maintains an active grantmaking program. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New Jersey, with a particular concentration in the greater Metrowest region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023-2024:
- Total Assets: $25,030,605 to $26,412,904
- Total Revenues (2023): $1,085,172
- Total Expenses (2023): $1,562,967
- Total Giving: $2,072,490
The foundation operates with no employees and maintains its operations through investment income.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,412,904 | $25,030,605 | $25,508,400 |
| Revenue | $3,806,108 | $1,085,172 | $739,814 |
| Expenses | $2,285,459 | $1,562,967 | $1,839,503 |
| Qualifying Distributions | $2,072,490 | $1,361,372 | $1,564,298 |
| Net Investment Income | $2,561,017 | $883,577 | $565,771 |
| Distributable Amount | $1,737,753 | $1,512,119 | $1,588,294 |
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
166 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Communal Fund ($915,710), American Jewish Joint Distribution ($250,000), Friends of Seminario Rabinico Latin ($170,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF ARTHUR RUBENSTE CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $5,000 |
| AMERICAN FRIENDS OF ISRAEL PHILHARM CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $55,000 |
| AMERICAN JEWISH COMMITTEE CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $80,000 |
| AMERICAN JEWISH JOINT DISTRIBUTION CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $250,000 |
| B'NAI JESHURUN CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $25,000 |
| BEACON HEBREW ALLIANCE CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $100,000 |
| BOSTON SYMPHONY ORCHESTRA CHATHAM, NJ | GENERAL CHARITABLE PURPOSES | $75,000 |
| CLOSE ENCOUNTERS WITH MUSIC CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $30,000 |
| THE FORWARD NORWICH CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $30,000 |
| FRIENDS OF SEMINARIO RABINICO LATIN CHATHAM, NJ | GENERAL CHARITABLE PURPOSE | $170,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CLAUDIO PINCUS | President | 1 | — |
| PENNY PINCUS | Treasurer | 1 | — |
| AARON PINCUS | Vice President | 1 | — |
| DANIEL PINCUS | Vice President | 1 | — |
Contact Information
Address: PO Box 808, Chatham, NJ 07928-0808
Phone: 973-992-0505
EIN: 26-1446530
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Claudio and Penny Pincus Foundation fund?
The foundation's stated purpose is to make charitable gifts with the interest and dividends earned from investments, as well as gains on investments. The foundation is classified under the National Taxonomy of Exempt Entities (NTEE) as a private independent foundation focused on philanthropy, voluntarism, and grantmaking.
How do I apply for a grant from Claudio and Penny Pincus Foundation?
The foundation maintains an active grantmaking program. Recent grant activity includes: • **Jewish Federation of Greater Metrowest NJ**: $51,800 (General Charitable Purpose, 2023) • **B'nai Jeshurun Cemetery Association**: $30,000 (General Charitable Purpose, 2023) • **The Fair Mount Cemetery**: $1,000 (General Charitable Purpose, 2023-2024) The foundation made 25 grants in 2023. Typical award amounts range from $300 to $915,710, with total giving of $2,072,490 reported in recent filings.
Where does Claudio and Penny Pincus Foundation make grants?
The foundation primarily funds organizations in New Jersey, with a particular concentration in the greater Metrowest region.
What size grants does Claudio and Penny Pincus Foundation award?
In 2024, Claudio and Penny Pincus Foundation awarded 40 grants totaling $2.1M — an average of about $52K per grant, based on its IRS Form 990 filings.
How much is Claudio and Penny Pincus Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Claudio and Penny Pincus Foundation reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Claudio and Penny Pincus Foundation's EIN?
Claudio and Penny Pincus Foundation's EIN (Employer Identification Number) is 26-1446530. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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