Jay R Monroe Memorial Foundation
The Jay R Monroe Memorial Foundation is a family foundation established in 1959 in New Jersey. Based in Hopewell, NJ, the foundation focuses on philanthropic giving across multiple sectors including the arts, education, social services, health, and environmental conservation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+13.2% YoY
Annual Giving
$164K
-7.6% YoY
Grant Count
48
+6.7% YoY
Avg Grant Size
$3K
-13.4% YoY
Mission & Focus Areas
The foundation supports giving primarily in the following areas:
Arts & Culture
- Performing arts
- Historic preservation
Education
- Secondary education
- Early childhood education
- Programs for minorities
Social Services & Human Rights
- Child welfare and development
- Youth programs
- Family planning
- Law and justice issues
- Human rights, with special emphasis on Native Americans and other minorities
Health
- Health organizations and hospitals
- Health services
- Rehabilitative programs for the mentally or physically handicapped
Environment
- Ecology and wildlife associations
Grantmaking
The foundation made a documented grant of $10,000 to Amwell Valley Ambulance Corps in 2023 for general fund support.
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Geographic Focus
Where this funder awards grants
The foundation operates from Hopewell, New Jersey and appears to focus on New Jersey-based organizations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,549,887 | $2,251,747 | $2,058,087 |
| Revenue | $491,262 | $401,106 | $180,023 |
| Expenses | $193,122 | $207,446 | $199,060 |
| Qualifying Distributions | $164,600 | $178,179 | $168,114 |
| Net Investment Income | $56,263 | $53,403 | $53,298 |
| Distributable Amount | $181,047 | $169,444 | $174,704 |
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
215 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Jay R. Monroe, V served as President of the Jay R. Monroe Memorial Foundation. He passed away on April 27, 2021, at age 76. Monroe was the grandson of Jay R. Monroe, founder of the Monroe Calculating Machine Company. He was also a former trustee of Bonnie Brae School in Liberty Corner, New Jersey.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAY R MONROE VI | PRESIDENT | — | $2,200 |
| SUSAN M MONROE | SEC / TREAS | — | $9,000 |
Contact Information
Address: PO Box G, Hopewell, NJ 08525-0046
Telephone: 201-400-7557
EIN: 22-6050156
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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