Ernest Schacht Fund Co Valley National Bank

PARAMUS, NJ EIN: 22-6102192

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

+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

Focus Areas

Health Human services Youth development

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $342K (68%)

New York $54K (11%)

Pennsylvania $54K (11%)

District of Columbia $39K (8%)

Ohio $13K (3%)

States

District of Columbia New Jersey New York Ohio Pennsylvania

Cities

FairfieldOaklandPassaicPatersonPittsburghRiverdaleSt MarysWashingtonWest Nyack

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Health Human services Youth development

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.