Henry M Rowan Family Foundation Inc
The Henry M Rowan Family Foundation Inc is a private family foundation established in July 1999 in New Jersey. Based in Rancocas, NJ, the foundation was created by industrialist and philanthropist Henry M. Rowan, founder of Inductotherm Corp., a world leader in manufacturing induction metal melting systems. The foundation operates as a proactive grantmaking organization that identifies organizations to support rather than accepting unsolicited public applications.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$272.7M
+1.2% YoY
Annual Giving
$13.6M
-2.4% YoY
Grant Count
46
-2.1% YoY
Avg Grant Size
$295K
-0.3% YoY
Under IRS private-foundation payout rules, Henry M Rowan Family Foundation Inc reported a distributable amount of $14.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Nonprofit Human Services
- Human and Social Service Grants
- Poverty Alleviation
Grantmaking
The foundation does not operate structured grant programs with defined funding ranges. Instead, it makes strategic grants that vary significantly by recipient and project, with typical awards ranging from $5,000 to $2,600,000.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in New Jersey and Pennsylvania, with some national giving.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $272,667,676 (as of 2024)
- Annual Giving: $13,560,000 to $13,900,000 (2023-2024)
- EIN: 22-3655770
- Tax-Exempt Status: 501(c)(3), tax-exempt since July 1999
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $272,667,676 | $269,513,006 | $271,862,194 |
| Revenue | $17,923,288 | $12,916,855 | $9,859,341 |
| Expenses | $15,164,682 | $15,843,153 | $15,029,760 |
| Qualifying Distributions | $13,561,727 | $13,903,939 | $13,506,548 |
| Net Investment Income | $16,370,333 | $11,275,573 | $8,833,499 |
| Distributable Amount | $14,736,798 | $13,552,913 | $13,934,562 |
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
227 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Doane Academy ($2,600,000), Williamson College of Trades ($2,150,000), Fort Ticonderoga Foundation ($1,500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASM MATERIALS EDUCATION FOUNDATION MATERIALS PARK, OH | GENERAL SUPPORT | $50,000 |
| BATTLESHIP NEW JERSEY CAMDEN, NJ | GENERAL SUPPORT | $100,000 |
| BOB WOODRUFF FOUNDATION NEW YORK, NY | GENERAL SUPPORT | $150,000 |
| BRIGHT FOCUS FOUNDATION CLARKSBURG, MD | GENERAL SUPPORT | $40,000 |
| CAMP CADET - TROOP K MIDDLETOWN, PA | GENERAL SUPPORT | $100,000 |
| CITY YEAR PHILADELPHIA PHILADELPHIA, PA | GENERAL SUPPORT | $300,000 |
| DOANE ACADEMY BURLINGTON, NJ | GENERAL SUPPORT | $2,600,000 |
| DREAM PROGRAM INC PHILADELPHIA, PA | GENERAL SUPPORT | $25,000 |
| DREXEL UNIVERSITY ENGINEERING SCHOLARSHIPS PHILADELPHIA, PA | GENERAL SUPPORT | $50,000 |
| EAGLE FLIGHT SQUADRON EAST ORANGE, NJ | GENERAL SUPPORT | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Virginia Rowan Smith - President
- Eleanor Rowan - Trustee
- Manning J Smith III - Listed as officer/director
The foundation continues to be led by the family of Henry M. Rowan following his passing in 2015.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VIRGINIA R SMITH | PRESIDENT, TRUSTEE | 2 | — |
| MANNING J SMITH III | SEC/TREASURER, TRUSTEE | 2 | — |
| GILBERT A GEHIN-SCOTT | TRUSTEE | 2 | — |
| ELEANOR ROWAN | TRUSTEE | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has made significant commitments to Rowan University, the institution named after its founder:
Henry M. Rowan Family Foundation Commits $15M to Rowan UniversityCommitted $15 million to Rowan University for engineering education initiatives
Henry M. Rowan Family Foundation Commits $15M to Rowan UniversityDonated $100,000 to expand art programs in Glassboro
Henry M. Rowan Foundation donates $100K to expand art programs in GlassboroThese grants reflect the foundation's focus on transformative educational gifts, particularly to institutions with which the family maintains strong relationships.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Henry M Rowan Family Foundation Inc fund?
The foundation's grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Nonprofit Human Services • Human and Social Service Grants • Poverty Alleviation
How do I apply for a grant from Henry M Rowan Family Foundation Inc?
The foundation does not operate structured grant programs with defined funding ranges. Instead, it makes strategic grants that vary significantly by recipient and project, with typical awards ranging from $5,000 to $2,600,000. **Recent Activity:** • 47 awards distributed in 2023 • Annual giving of approximately $13.9 million **Application Process:** The foundation does not accept unsolicited applications. It proactively identifies organizations to support, focusing on transformative gifts to in…
Where does Henry M Rowan Family Foundation Inc make grants?
The foundation's grantmaking is primarily concentrated in New Jersey and Pennsylvania, with some national giving.
What size grants does Henry M Rowan Family Foundation Inc award?
In 2024, Henry M Rowan Family Foundation Inc awarded 46 grants totaling $13.6M — an average of about $295K per grant, based on its IRS Form 990 filings.
How much is Henry M Rowan Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Henry M Rowan Family Foundation Inc reported a distributable amount of $14.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Henry M Rowan Family Foundation Inc's EIN?
Henry M Rowan Family Foundation Inc's EIN (Employer Identification Number) is 22-3655770. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Henry M Rowan Family Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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