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
Under IRS private-foundation payout rules, Investors Foundation Inc reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Njac Foundation ($10,500), Brooklyn Children's Museum Corp ($10,000), Caucus Educational Corporation ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADLER APHASIA CENTER MAYWOOD, NJ | GENERAL AND PROJECT SUPPORT | $1,250 |
| AVENEL COLONIA FIRST AID SQUAD AVENEL, NJ | GENERAL AND PROJECT SUPPORT | $1,500 |
| BEN BAY KIWANIS FOUNDATION INC BROOKLYN, NY | GENERAL AND PROJECT SUPPORT | $6,000 |
| BOOMER ESIASON FOUNDATION GARDEN CITY PARK, NY | GENERAL AND PROJECT SUPPORT | $3,000 |
| CAPITAL SINGERS OF TRENTON TRENTON, NJ | GENERAL AND PROJECT SUPPORT | $500 |
| CAUCUS EDUCATIONAL CORPORATION MONTCLAIR, NJ | GENERAL AND PROJECT SUPPORT | $7,500 |
| CENTER FOR NON-PROFIT CORPORATION MERCERVILLE, NJ | GENERAL AND PROJECT SUPPORT | $1,000 |
| COMMUNITY MEDICAL CENTER FOUNDATION TOMS RIVER, NJ | GENERAL AND PROJECT SUPPORT | $1,250 |
| CONGREGATION SHULE INC BROOKLYN, NY | GENERAL AND PROJECT SUPPORT | $1,250 |
| COUNCIL OF JEWISH ORGANIZATION FLATBUSH BROOKLYN, NY | GENERAL AND PROJECT SUPPORT | $5,000 |
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
Frequently Asked Questions
What does Investors Foundation Inc fund?
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 gr…
How do I apply for a grant from Investors Foundation Inc?
**Grant Activity:** • Since inception in 2005, the foundation has awarded more than $40 million to thousands of community organizations • Total giving: approximately $1.26 million to $2.3 million annually (based on recent filings) • Number of grants: 882 to 1,373 grants awarded annually • Average grant size: $19 to $25,100 • Median grant size: $2,500 to $13,746 • Grant range: $250 to $17,372,836 **Application Process:** The foundation accepts grant applications. Organizations must be 501(c)(3) …
Where does Investors Foundation Inc make 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
What size grants does Investors Foundation Inc award?
In 2024, Investors Foundation Inc awarded 240 grants totaling $1.3M — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Investors Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Investors Foundation Inc reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Investors Foundation Inc's EIN?
Investors Foundation Inc's EIN (Employer Identification Number) is 20-3743857. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Investors 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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