JMP Foundation Inc
JMP Foundation Inc is a private foundation based in Wilmington, Delaware. Its 2024 grants supported charitable organizations in New Jersey, the U.S. Virgin Islands, New York, Pennsylvania, and Colorado.
JMP Foundation Inc at a glance
In short: JMP Foundation Inc gave $901K across 27 grants in 2024 (avg $33K), mostly in New Jersey. 22% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $900,500
- +29.8% vs 2023
- Grants made (2024)
- 27
- +28.6% vs 2023
- Average grant
- $33,352
- +1.0% vs 2023
- Median grant
- $20,000
- Total assets
- $6,400,769
- -8.3% vs 2023
- New grantees (estimate)
- 22% first-time grantees (5 of 23, 2024; small sample)
- Primary geography
- New Jersey (72% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to JMP Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who JMP Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Americas Grow a Row Inc ($350K). Together the top 10 received $743K.
Grant Size Distribution
121 grants across all recorded years
The most common grant size was under $50K: 102 grants of 121 (84%).
Geographic Focus
Where this funder awards grants
In 2024, New Jersey organizations received 72% of grant dollars and U.S. Virgin Islands organizations received 17%. New York received 4%, Pennsylvania 3%, and Colorado 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 27 itemized grants.
States
Cities
Is JMP Foundation Inc open to new grantees?
22%
first-time grantees, 2024
In 2024, 5 of 23 grantees (22%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $6K; repeat grants $48K. How we count
Medians: $5K first-time, $20K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 245% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $621K (2022) to $1.2M (2021). In 2024 it made 27 grants totaling $901K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Americas Grow a Row Inc Pittstown, NJ | Operations | $350,000 |
| Missionary Society of the Salesian Sisters Inc North Haledon, NJ | Mary Help Education Fund | $100,000 |
| Humane Society of St Thomas St Thomas, VI | Operational salary support for the positions of Ex | $87,500 |
| Humane Society of St Thomas St Thomas, VI | Operational salary support for the position of Exe | $25,000 |
| Tri-County Scholarship Fund Mendham, NJ | $15,000 for freedom scholars, $10,000 for Enrichme | $25,000 |
| Community Foundation of the Virgin Islands Inc St Thomas, VI | JMP Fund | $20,000 |
| Flemington Area Food Pantry Inc Flemington, NJ | General & Unrestricted | $20,000 |
| Foodbank of Monmouth and Ocean Counties Inc Neptune, NJ | General & Unrestricted | $20,000 |
| Humane Society of St Thomas St Thomas, VI | Charitable Event | $20,000 |
| Lunch Break Red Bank, NJ | General & Unrestricted | $20,000 |
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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 | $6,400,769 | $394,036 | $973,376 | $900,500 | 27 | $936,558 | $351,955 | $382,407 |
| 2023 | $6,980,109 | $274,185 | $765,431 | $693,750 | 21 | $728,037 | $237,892 | $374,597 |
| 2022 | $7,471,355 | $949,956 | $701,939 | $620,847 | 15 | $656,983 | $868,110 | $361,205 |
| 2021 | $7,223,338 | $931,249 | $1,278,152 | $1,181,000 | 27 | $1,224,357 | $846,437 | $400,282 |
| 2020 | $7,570,241 | $1,392,980 | $1,062,345 | $995,000 | 31 | — | $1,350,220 | $336,922 |
Under IRS private-foundation payout rules, JMP Foundation Inc reported a distributable amount of $382K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. Its grants include support for organizations working in areas such as food assistance, education, animal welfare, and services for people with cancer. For example, Lunch Break describes its work as providing food, emergency shelter, clothing, and life-skills support to people in need; the Tri-County Scholarship Fund says it provides K–12 scholarships to financially disadvantaged children in northern New Jersey; and the Humane Society of St. Thomas describes its mission as protecting animals and providing humane care and temporary housing for unwanted animals.
Grantmaking
In 2024, the foundation reported 27 grants totaling $900,500. Grants ranged from $3,000 to $350,000, with a median grant of $20,000. The largest grants included $350,000 to Americas Grow A Row Inc for operations and $100,000 to the Missionary Society of the Salesian Sisters Inc for its Mary Help Education Fund. Other grants included $87,500 and $25,000 to the Humane Society of St. Thomas, and $25,000 to the Tri-County Scholarship Fund.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Joseph Papa as CEO and director; Marylee M. Pratnicki as secretary and director; and Juliana Drinane and Christine A. Papa as vice presidents.
JMP Foundation Inc is led by Joseph Papa, CEO & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joseph Papa
CEO & Director
On filings since 2020
1 hr/week
No compensation reported
Marylee M Pratnicki
Secretary & Director
On filings since 2020
5 hrs/week
No compensation reported
Christine A Papa
Vice President
On filings since 2020
1 hr/week
No compensation reported
Juliana Drinane
Vice President
On filings since 2020
1 hr/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 JMP Foundation Inc
How much does JMP Foundation Inc give each year?
JMP Foundation Inc gave $901K across 27 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $694K across 21 grants.
What is JMP Foundation Inc's typical grant size?
JMP Foundation Inc's median grant in 2024 was $20,000, and its average grant was $33,352, across 27 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from JMP Foundation Inc that year got $6K on average.
Where does JMP Foundation Inc give grants?
JMP Foundation Inc gives mostly in New Jersey: 72% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was U.S. Virgin Islands (17%). The most frequent recipient cities were St Thomas, VI (4 grants), North Haledon, NJ (3 grants) and Staten Island, NY (2 grants).
Does JMP Foundation Inc give general operating support?
Yes: 67% of JMP Foundation Inc's 2024 grants with a stated purpose (18 of 27) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are JMP Foundation Inc's largest grantees?
JMP Foundation Inc's largest 2024 grantees include Americas Grow a Row Inc ($350,000), Humane Society of St Thomas ($132,500 across 3 grants) and Missionary Society of the Salesian Sisters Inc ($115,000 across 3 grants), according to its 2024 IRS Form 990-PF. Together they received 66% of its itemized 2024 grant dollars.
How large is JMP Foundation Inc?
JMP Foundation Inc reported $6.4M in total assets on its 2024 IRS Form 990-PF. It paid out $937K in qualifying distributions that year, against a required minimum of $382K (roughly 5% of its investment assets).
What does JMP Foundation Inc fund?
No mission statement is provided. Its grants include support for organizations working in areas such as food assistance, education, animal welfare, and services for people with cancer. See mission & focus areas ↑
How do I apply for a grant from JMP Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is JMP Foundation Inc's EIN?
JMP Foundation Inc's EIN (Employer Identification Number) is 20-3462159. IRS Form 990 filing data is available on this page for 2020–2024.
Does JMP Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). JMP Foundation Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/jmp-foundation-inc-morg_ff9f900857e44a02b6aa6333084111c0
BibTeX
@misc{grantable_203462159_2026,
author = {{Grantable}},
title = {{JMP Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/jmp-foundation-inc-morg_ff9f900857e44a02b6aa6333084111c0},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from JMP Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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