Jersey Mortgage Company Foundation Inc
Jersey Mortgage Company Foundation Inc is a private foundation, based in Neshanic Station, NJ. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $46K. Net investment income was $8K.
Jersey Mortgage Company Foundation Inc at a glance
In short: Jersey Mortgage Company Foundation Inc gave $46K across 2 grants in 2024 (avg $23K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $45,642
- +1372.3% vs 2023
- Grants made (2024)
- 2
- -66.7% vs 2023
- Average grant
- $22,821
- +4317.0% vs 2023
- Median grant
- $22,821
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jersey Mortgage Company Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Basilone Memorial Foundation ($45K). Together the top 2 received $46K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Jersey Mortgage Company Foundation Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $1K (2020) to $46K (2024). In 2024 it made 2 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Basilone Memorial Foundation Raritan, NJ | General Fundsgeneral Funds | $45,142 |
| Police Unity Tour East Hanover, NJ | General Funds | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $9,999 | $47,167 | $45,642 | 2 | $45,642 | $8,474 | $1,868 |
| 2023 | $37,168 | $2,280 | $5,350 | $3,100 | 6 | $3,100 | $30 | $2,082 |
| 2022 | $40,238 | $1,947 | $3,750 | $1,000 | 1 | $1,000 | — | $2,172 |
| 2021 | $40,290 | $2,591 | $4,808 | — | — | — | — | $2,364 |
| 2020 | $42,507 | $1,265 | $3,356 | $1,000 | 1 | — | — | $2,098 |
Under IRS private-foundation payout rules, Jersey Mortgage Company Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jersey Mortgage Company Foundation Inc is led by Eugene Van Note, Director & President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Eugene Van Note
Director & President
On filings since 2020
5 hrs/week
No compensation reported
Dolores Sullivan
Director & Secretary
On filings since 2020
5 hrs/week
No compensation reported
Peter Kenny
Director & Vice President
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Jersey Mortgage Company Foundation Inc
How much does Jersey Mortgage Company Foundation Inc give each year?
Jersey Mortgage Company Foundation Inc gave $46K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 6 grants.
Where does Jersey Mortgage Company Foundation Inc operate?
Jersey Mortgage Company Foundation Inc has awarded grants in Minnesota, New Jersey.
How much is Jersey Mortgage Company Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jersey Mortgage Company Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jersey Mortgage Company Foundation Inc's EIN?
Jersey Mortgage Company Foundation Inc's EIN (Employer Identification Number) is 65-1162958. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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