James J O'Connell Fund
James J O'Connell Fund is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.4M in total assets. In 2025, it awarded 7 grants totaling $104K. Net investment income was $355K.
James J O'Connell Fund at a glance
In short: James J O'Connell Fund gave $104K across 7 grants in 2025 (avg $15K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $104,220
- -6.1% vs 2024
- Grants made (2025)
- 7
- -30.0% vs 2024
- Average grant
- $14,889
- +34.2% vs 2024
- Median grant
- $10,422
- Total assets
- $3,352,936
- +6.1% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who James J O'Connell Fund funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was RWJ University Hospital Foundation ($36K). Together the top 7 received $104K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 29 grants of 31 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How James J O'Connell Fund gives
- In 2025 it paid out 68% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $104K (2025) to $190K (2023). In 2025 it made 7 grants totaling $104K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| RWJ University Hospital Foundation Oceanport, NJ | Unrestricted General | $36,477 |
| Rutgers University Foundation New Brunswick, NJ | Unrestricted General | $31,266 |
| Deborah Hospital Foundation Browns Mills, NJ | Unrestricted General | $10,422 |
| Princeton Healthcare System Foundation Plainsboro, NJ | Unrestricted General | $10,422 |
| New Jersey Health Foundation Princeton, NJ | Unrestricted General | $5,211 |
| The Cooper Foundation Camden, NJ | Unrestricted General | $5,211 |
| Embrace Kids New Brunswick, NJ | Unrestricted General | $5,211 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,352,936 | $405,273 | $189,857 | $104,220 | 7 | $126,015 | $355,361 | $185,831 |
| 2024 | $3,158,793 | $263,984 | $170,724 | $110,945 | 10 | $141,922 | $229,786 | $174,996 |
| 2023 | $3,068,847 | $77,175 | $489,084 | $189,640 | 9 | $218,895 | $78,323 | $163,296 |
| 2022 | $3,477,866 | $1,234,458 | $23,876 | — | — | $10,542 | $1,208,643 | $172,504 |
| 2021 | $2,421,647 | $97,723 | $246,029 | $180,014 | 5 | $238,087 | $93,829 | $178,621 |
| 2020 | $2,569,953 | $107,215 | $207,185 | $180,013 | 7 | — | $106,519 | $158,598 |
Under IRS private-foundation payout rules, James J O'Connell Fund reported a distributable amount of $186K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
James J O'Connell Fund's only listed officer is Bank Of America N A, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2022
2 hrs/week
$18K (2022) → $54K (2025)
Former officers (2)
- Former: Estate Of Jack Borrus Esq. (2021–2022) — Prior Trustee
- Former: Jack Borrus Esq. (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $54K, to Bank of America N a (Trustee).
Frequently asked questions about James J O'Connell Fund
How much does James J O'Connell Fund give each year?
James J O'Connell Fund gave $104K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $111K across 10 grants.
What is James J O'Connell Fund's typical grant size?
James J O'Connell Fund's median grant in 2025 was $10,422, and its average grant was $14,889, across 7 grants on its 2025 IRS Form 990-PF.
Where does James J O'Connell Fund give grants?
James J O'Connell Fund gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New Brunswick, NJ (2 grants).
Does James J O'Connell Fund give general operating support?
Yes: 100% of James J O'Connell Fund's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are James J O'Connell Fund's largest grantees?
James J O'Connell Fund's largest 2025 grantees include RWJ University Hospital Foundation ($36,477), Rutgers University Foundation ($31,266) and Deborah Hospital Foundation ($10,422), according to its 2025 IRS Form 990-PF. Together they received 75% of its itemized 2025 grant dollars.
How large is James J O'Connell Fund?
James J O'Connell Fund reported $3.4M in total assets on its 2025 IRS Form 990-PF. It paid out $126K in qualifying distributions that year, against a required minimum of $186K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is James J O'Connell Fund's EIN?
James J O'Connell Fund's EIN (Employer Identification Number) is 22-6647081. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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