Foundation of the Rotary Club of the Princeton Corridor Inc

PRINCETON, NJ EIN: 22-3032210

Foundation of the Rotary Club of the Princeton Corridor Inc is a private foundation, based in PRINCETON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $277K in total assets. In 2024, it awarded 2 grants totaling $33K. Net investment income was $8K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$277K

-1.5% YoY

Annual Giving

$33K

+323.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$16K

+323.0% YoY

Under IRS private-foundation payout rules, Foundation of the Rotary Club of the Princeton Corridor Inc reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Foundation of the Rotary Club of the Princeton Corridor Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $98K (100%)

States

New Jersey

Cities

LambertvilleLawrencevillePrincetonSomersetTrentonWest Windsor

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$276,586	$280,862	$292,764
Revenue	$31,288	$9,127	$34,845
Expenses	$35,564	$21,029	$38,186
Qualifying Distributions	$32,727	$18,736	$32,917
Net Investment Income	$7,630	$8,905	$14,037
Distributable Amount	$14,719	$14,056	$15,133

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Various ($21,727), Various Scholarships ($11,000).

Recipient	Purpose	Amount
VARIOUS PRINCETON, NJ	CHARITABLE	$21,727
Various Scholarships West Windsor, NJ	College Scholarships awarded to local high school seniors attend West Windsor Plainsboro Hight School North and South	$11,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ERIC P ROSENBLUM	SECRETARY	1	—
SALVATORE LEVATINO	TREASURER	1	—
JIM KILDUFF	VICE PRESIDE	1	—

Frequently Asked Questions

How large is Foundation of the Rotary Club of the Princeton Corridor Inc?

As of 2024, Foundation of the Rotary Club of the Princeton Corridor Inc holds $277K in total assets with $31K in annual revenue. It awarded 2 grants totaling $33K in 2024.

Where does Foundation of the Rotary Club of the Princeton Corridor Inc operate?

Foundation of the Rotary Club of the Princeton Corridor Inc has awarded grants in New Jersey.

What size grants does Foundation of the Rotary Club of the Princeton Corridor Inc award?

In 2024, Foundation of the Rotary Club of the Princeton Corridor Inc awarded 2 grants totaling $33K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is Foundation of the Rotary Club of the Princeton Corridor Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Foundation of the Rotary Club of the Princeton Corridor Inc reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Foundation of the Rotary Club of the Princeton Corridor Inc's EIN?

Foundation of the Rotary Club of the Princeton Corridor Inc's EIN (Employer Identification Number) is 22-3032210. IRS Form 990 filing data is available on this page for 2020–2024.