Fund for New Jersey
The Fund for New Jersey is an independent foundation based in Princeton, New Jersey, working to improve the quality of public policy decision-making on the most significant issues affecting the people of New Jersey and the region. Incorporated in 1969 as the successor to The Florence Murray Wallace Fund (established in 1958), the organization operates as a 501(c)(3) nonprofit with a focus on systemic and sustainable solutions to public problems.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$59.8M
+3.4% YoY
Annual Giving
$3.3M
-41.3% YoY
Grant Count
55
-9.8% YoY
Avg Grant Size
$60K
-34.9% YoY
Mission & Focus Areas
The Fund for New Jersey works to advance systemic and sustainable solutions to public problems through the work of policy, advocacy, analysis, and organizing. The organization focuses on improving public policy decision-making on significant issues affecting New Jersey and the region.
Recent grantmaking has supported organizations working in the following areas:
- Immigration
- Housing
- Education
- Public media
Grantmaking
The Fund currently awards grants by invitation only. Letter of Inquiry submissions from unsolicited applicants are currently suspended. Prospective applicants should check the Fund's website for updates on application availability.
Grant Range
** $25,000 – $250,000
Review Cycle
(approximately 4 months)
How to Apply
**
Ready to take the next step with Fund for New Jersey?
Geographic Focus
Where this funder awards grants
New Jersey statewide
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $57.9 million – $59.8 million (as of 2023)
Annual Revenue: $5.4 million
Annual Grantmaking: $4.3 million
Total Liabilities: $1.4 million (2023)
2023 Financial Summary:
- Revenue: $2,114,474
- Expenses: $6.8 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $59,801,819 | $57,859,965 | $57,790,093 |
| Revenue | $2,393,857 | $2,114,474 | $4,811,812 |
| Expenses | $3,935,324 | $6,796,294 | $5,638,697 |
| Qualifying Distributions | $4,305,279 | $6,450,583 | $5,004,345 |
| Net Investment Income | $1,953,219 | $1,767,761 | $2,838,822 |
| Distributable Amount | $2,922,637 | $2,821,810 | $2,917,010 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Brandon McKoy – President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRANDON MCKOY | PRESIDENT | 40 | $255,000 |
| RICHARD W ROPER | CHAIR | 1 | — |
| FEATHER HOUSTOUN | VICE CHAIR | 1 | — |
| DR JOHN W CORNWALL | TREASURER | 1 | — |
| DR HENRY A COLEMAN | TRUSTEE | 1 | — |
| HON JON CORZINE | TRUSTEE | 1 | — |
| MICHELLENE DAVIS | TRUSTEE | 1 | — |
| JOHN FARMER | TRUSTEE | 1 | — |
| ANJUM GUPTA | TRUSTEE | 1 | — |
| SADAF JAFFER | TRUSTEE | 1 | — |
| LAWRENCE S LUSTBERG | TRUSTEE | 1 | — |
| ANASTASIA MANN | TRUSTEE | 1 | — |
| AMY MANSUE | TRUSTEE | 1 | — |
| ALEXANDER SHALOM | TRUSTEE | 1 | — |
| CHRISTOPHER VAN BUREN | TRUSTEE | 1 | — |
| JENNIFER VELEZ | TRUSTEE | 1 | — |
| RICHARD L WRIGHT | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
In March 2024, the Fund announced grants totaling $905,000 to eleven nonprofits. The grants supported organizations working in immigration, housing, education, and public media.
Fund for New Jersey announces grants to 11 nonprofitsIn December 2024, the Fund published "Crossroads NJ 2025," a comprehensive policy report highlighting urgent priorities for New Jersey's future.
Contact Information
Address: One Palmer Square East, Suite 303, Princeton, NJ 08542
Phone: (609) 356-0421
Email: Info@fundfornj.org
Website: www.fundfornj.org
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Fund for New Jersey on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
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