Investors Foundation Inc is a private philanthropic organization based in Summit, New Jersey, established in 2005. The foundation was created to make a sustained, positive difference in the communities where Investors Bank customers and employees live and work. The foundation builds purposeful relationships with not-for-profit organizations, local businesses, public servants, and community leaders to foster positive change.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.1M
+0.9% YoY
Annual Giving
$1.3M
-40.0% YoY
Grant Count
240
-51.2% YoY
Avg Grant Size
$5K
+23.1% YoY
Mission & Focus Areas
The foundation's mission centers on supporting impactful initiatives of diverse community organizations. Primary funding areas include:
- Arts and culture
- Education
- Health and human services
- Youth development
- Affordable housing
- Community and economic development
The foundation aligns its efforts with the United Nations Sustainable Development Goals, with particular focus on poverty alleviation, zero hunger, good health and well-being, climate action, quality education, and economic growth.
Grantmaking
The foundation accepts grant applications. Organizations must be 501(c)(3) compliant to be eligible. The foundation offers general support grants with rolling deadlines.
Grant Range
$19 to $25,100
Average Grant
$19 to $25,100
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports organizations in communities where Investors Bank operates, including:
- New Jersey
- New York City
- Long Island
- Additional funding in Massachusetts, Pennsylvania, California, Maryland, Rhode Island, and other states
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Filing (2024):
- Total Assets: $12.9 million to $13.1 million
- Total Revenue: $1.16 million to $1.3 million
- Total Expenses: $1.61 million to $2.49 million
- Total Liabilities: $0
- Giving Rate: 17.0%
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,108,140 | $12,987,964 | $14,315,421 |
| Revenue | $1,299,929 | $1,164,968 | $16,348,586 |
| Expenses | $1,607,120 | $2,492,425 | $22,476,516 |
| Qualifying Distributions | $1,509,301 | $2,325,759 | $22,361,601 |
| Net Investment Income | $1,202,110 | $1,073,179 | $4,280,050 |
| Distributable Amount | $1,163,812 | $1,227,288 | $2,236,373 |
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
201 grants across all recorded years
Open Grants
1 open opportunity from Investors Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Robert M. Cashill – Director/President
- Kevin Cummings – Director/Vice President & Treasurer
- Rodger K. Herrigel – Director/Executive Director & Secretary
- Reza Aghamirzadeh – Trustee
- Domenick Cama – Director
- Vincent D. Manahan III – Director
- William A. Tansey III – Director
- James Garibaldi – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT M CASHILL | DIRECTOR/PRESIDENT | 0.5 | $8,000 |
| KEVIN CUMMINGS | DIR./VP & TREASURER | 0.5 | — |
| VINCENT D MANAHAN III | DIRECTOR | 0.5 | $8,000 |
| WILLIAM A TANSEY III | DIRECTOR | 0.75 | $8,000 |
| DOMENICK CAMA | DIRECTOR | 0.5 | $2,000 |
| JAMES GARIBALDI | DIRECTOR | 0.5 | $2,000 |
| RODGER K HERRIGEL | DIR./EX.DIR. & SECRETARY | 30 | $125,000 |
Recent News & Activity
Recent developments and announcements
The foundation maintains an active grant program with rolling application deadlines. The foundation publishes an annual Impact Report documenting its community investments and outcomes.
Invest in Others Charitable Foundation Announces 2025 Grant Program RecipientsSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Investors Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities