Ernest Schacht Fund Co Valley National Bank
Ernest Schacht Fund Co Valley National Bank is a private foundation focused on Health, based in PARAMUS, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 9 grants totaling $112K. Net investment income was $120K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
-0.3% YoY
Annual Giving
$112K
-40.3% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$12K
-40.3% YoY
Under IRS private-foundation payout rules, Ernest Schacht Fund Co Valley National Bank reported a distributable amount of $85K for 2025 — the minimum it must pay out in qualifying distributions.
About Ernest Schacht Fund Co Valley National Bank
Based on IRS filings
Ernest Schacht Fund Co Valley National Bank is a private foundation focused on Health, based in PARAMUS, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 9 grants totaling $112K. Net investment income was $120K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,433,266 | $1,437,427 | $1,497,594 |
| Revenue | $130,744 | $152,540 | $114,259 |
| Expenses | $135,366 | $212,358 | $81,061 |
| Qualifying Distributions | $118,501 | $194,902 | $67,889 |
| Net Investment Income | $120,374 | $141,737 | $92,441 |
| Distributable Amount | $84,891 | $170,020 | $81,580 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include The Salvation Army Richard D Allen Asst ($12,439), American Red Cross ($12,439), Greater Passaic Clifton Community Center ($12,439).
| Recipient | Purpose | Amount |
|---|---|---|
| THE SALVATION ARMY RICHARD D ALLEN ASST WEST NYACK, NY | GENERAL OPERATING FUNDS | $12,439 |
| American Red Cross Washington, DC | GENERAL OPERATING FUNDS | $12,439 |
| Greater Passaic Clifton Community Center Passaic, NJ | UNRESTRICTED - GENERAL | $12,439 |
| CHILDRENS DAY NURSERY & FAMILY CTR Passaic, NJ | GENERAL OPERATING FUNDS | $12,439 |
| GIRL SCOUTS RIVERDALE, NJ | GENERAL OPERATING FUNDS | $12,439 |
| BOYS & GIRLS CLUB OF PATERSON PATERSON, NJ | UNRESTRICTED - GENERAL | $12,439 |
| ENRICHMENT CENTER FOR WOMEN CHILDREN & PATERSON, NJ | GENERAL OPERATING FUNDS | $12,439 |
| BOY SCOUTS OF AMERICA OAKLAND, NJ | GENERAL OPERATING FUNDS | $12,439 |
| PASSAIC HOME & ORPHAN ASYLUM REV TUA Pittsburgh, PA | UNRESTRICTED - GENERAL | $12,439 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Valley National Bank Trust Co | TRUSTEE | 2 | $19,333 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ernest Schacht Fund Co Valley National Bank?
Ernest Schacht Fund Co Valley National Bank is a private foundation focused on Health, based in PARAMUS, NJ. It holds $1.4M in total assets as of 2025.
How large is Ernest Schacht Fund Co Valley National Bank?
As of 2025, Ernest Schacht Fund Co Valley National Bank holds $1.4M in total assets with $131K in annual revenue. It awarded 9 grants totaling $112K in 2025.
Where does Ernest Schacht Fund Co Valley National Bank operate?
Ernest Schacht Fund Co Valley National Bank has awarded grants in District of Columbia, New Jersey, New York, Ohio, Pennsylvania.
What size grants does Ernest Schacht Fund Co Valley National Bank award?
In 2025, Ernest Schacht Fund Co Valley National Bank awarded 9 grants totaling $112K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Ernest Schacht Fund Co Valley National Bank required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Ernest Schacht Fund Co Valley National Bank reported a distributable amount of $85K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ernest Schacht Fund Co Valley National Bank's EIN?
Ernest Schacht Fund Co Valley National Bank's EIN (Employer Identification Number) is 22-6102192. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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