Fund for Newark Abbey Inc is a private foundation focused on Religion Related, based in NEWARK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 2 grants totaling $162K. Net investment income was $614K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
+12.5% YoY
Annual Giving
$162K
+47.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$81K
+47.5% YoY
Under IRS private-foundation payout rules, Fund for Newark Abbey Inc reported a distributable amount of $196K for 2024 — the minimum it must pay out in qualifying distributions.
About Fund for Newark Abbey Inc
Based on IRS filings
Fund for Newark Abbey Inc is a private foundation focused on Religion Related, based in NEWARK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 2 grants totaling $162K. Net investment income was $614K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,054,618 | $3,603,608 | $3,644,229 |
| Revenue | $632,485 | $88,858 | $266,735 |
| Expenses | $180,092 | $126,952 | $243,219 |
| Qualifying Distributions | $162,081 | $109,892 | $222,171 |
| Net Investment Income | $614,474 | $99,160 | $251,187 |
| Distributable Amount | $196,198 | $182,055 | $179,074 |
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
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Benedictine Abbey of Newark ($150,000), St Benedict's Preparatory School Grossman Foundation ($12,081).
| Recipient | Purpose | Amount |
|---|---|---|
| BENEDICTINE ABBEY OF NEWARK NEWARK, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $150,000 |
| ST BENEDICT'S PREPARATORY SCHOOL GROSSMAN FOUNDATION NEWARK, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $12,081 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EUGENE O'HARA | TRUSTEE | 1 | — |
| FR AUGUSTINE CURLEY | TRUSTEE | 1 | — |
| ROBERT DIQUOLLO | TRUSTEE | 1 | — |
| RT REV MELVIN VALVANO OSB | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fund for Newark Abbey Inc?
Fund for Newark Abbey Inc is a private foundation focused on Religion Related, based in NEWARK, NJ. It holds $4.1M in total assets as of 2024.
How large is Fund for Newark Abbey Inc?
As of 2024, Fund for Newark Abbey Inc holds $4.1M in total assets with $632K in annual revenue. It awarded 2 grants totaling $162K in 2024.
Where does Fund for Newark Abbey Inc operate?
Fund for Newark Abbey Inc has awarded grants in New Jersey.
What size grants does Fund for Newark Abbey Inc award?
In 2024, Fund for Newark Abbey Inc awarded 2 grants totaling $162K — an average of about $81K per grant, based on its IRS Form 990 filings.
How much is Fund for Newark Abbey Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fund for Newark Abbey Inc reported a distributable amount of $196K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fund for Newark Abbey Inc's EIN?
Fund for Newark Abbey Inc's EIN (Employer Identification Number) is 22-3846806. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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