Kearnybank Foundation Inc
Kearnybank Foundation Inc is a private foundation based in Fairfield, New Jersey. It supports nonprofit organizations through financial grants and employee volunteer efforts, with an emphasis on improving lives in the communities it serves.
Kearnybank Foundation Inc at a glance
In short: Kearnybank Foundation Inc gave $611K across 95 grants in 2024 (avg $6K), mostly in New Jersey. 32% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $610,885
- -8.5% vs 2023
- Grants made (2024)
- 95
- +1.1% vs 2023
- Average grant
- $6,430
- -9.5% vs 2023
- Median grant
- $2,500
- Total assets
- $9,471,235
- -8.1% vs 2023
- New grantees (estimate)
- 32% first-time grantees (30 of 95, 2024)
- Primary geography
- New Jersey (98% 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 Kearnybank Foundation Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Nonprofits may first submit a Letter of Interest describing the organization and the funding request. Application materials listed include a project or program budget, the organization’s current annual operating budget (including in-kind services and volunteers), a current board listing with business addresses and occupations, an audited financial report, a 501(c)(3) determination letter, and the most recent IRS Form 990. Applicants must be public charities under the Internal Revenue Code and meet the foundation’s application regulations.
- Review Cycle
- The 2024 filing states that there are no deadlines. The foundation’s website says the 2025 application window is closed and invites organizations to return to apply in 2026.
- Deadline
- The 2024 filing states that there are no deadlines.
- Contact
Application contact: Taryn Claus
Mailing address: 120 Passaic Ave, Fairfield, NJ 07004-3510
Phone: (973) 244-4503
Email: tclaus@kearnyfederalsavings.net
Website: https://kearnybank.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Kearnybank Foundation Inc
Who Kearnybank Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Kip Center ($100K). Together the top 10 received $289K.
Grant Size Distribution
469 grants across all recorded years
The most common grant size was under $50K: 453 grants of 469 (97%).
Geographic Focus
Where this funder awards grants
The 2024 filing specifies that applicant organizations must be located in Bergen, Essex, Hudson, Middlesex, Morris, Monmouth, Ocean, Passaic, or Union County in New Jersey, or Kings or Richmond County in New York. In 2024, 98% of grant dollars went to recipients in New Jersey and 2% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 95 itemized grants.
States
Cities
Is Kearnybank Foundation Inc open to new grantees?
32%
first-time grantees, 2024
In 2024, 30 of 95 grantees (32%) were first-time recipients. First grants averaged $8K; repeat grants $6K. How we count
Medians: $3K first-time, $3K repeat.
- 62% of 2024 grantees were also funded in 2023. Method
- Giving fell 22% from 2021 to 2024. Method
- In 2024 it paid out 152% 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 $611K (2024) to $779K (2021). In 2024 it made 95 grants totaling $611K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kip Center Rutherford, NJ | Community | $100,000 |
| Junior Achievement of New Jersey Edison, NJ | Education | $65,000 |
| Bergen County Winter Wonderland Hackensack, NJ | Community | $20,000 |
| National Council of Jewish Women Essex County Livingston, NJ | Community | $18,000 |
| Youth Consultation Service Hackensack, NJ | Quality of Life | $17,500 |
| Habcore Inc Red Bank, NJ | Housing | $15,000 |
| Robeson Classic High School Football All-Stars Game Roseland, NJ | Community | $15,000 |
| Meadowlands Chamber of Commerce Lyndhurst, NJ | Community | $13,750 |
| The Valerie Fund Maplewood, NJ | Quality of Life | $12,500 |
| Meadowlands Area YMCA East Rutherford, NJ | Community | $12,400 |
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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 | $9,471,235 | $587,295 | $717,535 | $610,885 | 95 | $685,573 | $555,333 | $450,712 |
| 2023 | $10,304,207 | $346,293 | $752,188 | $667,850 | 94 | $720,520 | $330,041 | $472,791 |
| 2022 | $10,749,453 | $315,573 | $848,416 | $750,000 | 94 | $777,987 | $298,060 | $592,430 |
| 2021 | $13,910,944 | $1,092,496 | $877,810 | $779,025 | 102 | $815,313 | $1,037,499 | $653,898 |
| 2020 | $12,439,473 | $731,316 | $782,625 | $658,699 | 84 | — | $678,784 | $550,399 |
Under IRS private-foundation payout rules, Kearnybank Foundation Inc reported a distributable amount of $451K 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
The foundation says it supports organizations helping disadvantaged people, young people, people who are sick, older adults, and others. Its focus areas include education—such as literacy, financial literacy, higher education, and youth outreach; housing, including affordable, neighborhood, and emergency housing; community betterment through arts, culture, stewardship, and social programs; and quality of life for senior citizens, veterans, people with disabilities, and seriously ill people and their families.
Grantees’ work illustrates the range of support. Junior Achievement of New Jersey describes its mission as empowering young people to own their economic success. HABCORE says it provides permanent housing and individualized support to help homeless families, veterans, and people with special needs move from crisis to stability. The Valerie Fund raises funds to support comprehensive health care for children with cancer and blood disorders. Axelrod Performing Arts Center says it presents cultural programs and fosters appreciation of diverse communities through the arts.
Grantmaking
IRS filing data lists 95 grants totaling $610,885 in 2024, 94 grants totaling $667,850 in 2023, and 94 grants totaling $750,000 in 2022. In 2024, grants ranged from $1,000 to $100,000, with a median of $2,500.
Among the largest grants listed for 2024 were $100,000 to KIP Center for community purposes; $65,000 to Junior Achievement of New Jersey for education; $20,000 to Bergen County Winter Wonderland for community purposes; and $18,000 to the National Council of Jewish Women Essex County for community purposes. Other listed grants included $17,500 to Youth Consultation Service for quality of life, $15,000 to HABCORE for housing, and $12,500 to The Valerie Fund for quality of life.
The foundation’s website separately reported $590,385 in charitable contributions during calendar 2024, categorized as $272,885 for community, $142,885 for education, $92,500 for quality of life, and $80,000 for housing.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Craig L. Montanaro as director, president, and secretary, and lists John Hopkins, John Mazur, Dr. Joseph Mazza, Catherine Milone, Leo Montanaro, Keith Suchodolski, and Gail Corrigan as directors. The foundation’s website identifies Taryn Rockwell as its executive director.
Kearnybank Foundation Inc is led by Craig L. Montanaro, Director, President & Secretary on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Craig L. Montanaro
Director, President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Catherine Milone
Director
On filings since 2020
1 hr/week
No compensation reported
John Hopkins
Director
On filings since 2020
1 hr/week
No compensation reported
John Mazur
Director
On filings since 2020
1 hr/week
No compensation reported
Joseph Mazza
Director
On filings since 2020
1 hr/week
No compensation reported
Leo Montanaro
Director
On filings since 2020
1 hr/week
No compensation reported
Gail Corrigan
Director
On filings since 2022
1 hr/week
No compensation reported
Keith Suchodolski
Director
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Eric B. Heyer (2020–2022) — Director & Treasurer · Filing note: Through 63022
- Former: Matt McClane (2020) — Director
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 Kearnybank Foundation Inc
How much does Kearnybank Foundation Inc give each year?
Kearnybank Foundation Inc gave $611K across 95 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $668K across 94 grants.
What is Kearnybank Foundation Inc's typical grant size?
Kearnybank Foundation Inc's median grant in 2024 was $2,500, and its average grant was $6,430, across 95 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Kearnybank Foundation Inc that year got $8K on average.
Where does Kearnybank Foundation Inc give grants?
Kearnybank Foundation Inc gives mostly in New Jersey: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Hackensack, NJ (4 grants), Lyndhurst, NJ (3 grants), Montclair, NJ (3 grants) and Asbury Park, NJ (3 grants).
Does Kearnybank Foundation Inc give general operating support?
Not in 2024: none of the 95 grants with a stated purpose on Kearnybank Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (39 grants), "Community" (29 grants) and "Quality of Life" (15 grants).
Who are Kearnybank Foundation Inc's largest grantees?
Kearnybank Foundation Inc's largest 2024 grantees include Kip Center ($100,000), Junior Achievement of New Jersey ($65,000) and Bergen County Winter Wonderland ($20,000), according to its 2024 IRS Form 990-PF. Together they received 30% of its itemized 2024 grant dollars.
How large is Kearnybank Foundation Inc?
Kearnybank Foundation Inc reported $9.5M in total assets on its 2024 IRS Form 990-PF. It paid out $686K in qualifying distributions that year, against a required minimum of $451K (roughly 5% of its investment assets).
What does Kearnybank Foundation Inc fund?
The foundation says it supports organizations helping disadvantaged people, young people, people who are sick, older adults, and others. See mission & focus areas ↑
How do I apply for a grant from Kearnybank Foundation Inc?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Kearnybank Foundation Inc's EIN?
Kearnybank Foundation Inc's EIN (Employer Identification Number) is 47-3699249. IRS Form 990 filing data is available on this page for 2020–2024.
Does Kearnybank Foundation Inc accept unsolicited proposals?
Yes, 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 29, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
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Cite this profile
Grantable. (2026). Kearnybank Foundation Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/kearnybank-foundation-inc-morg_94f769f8059245368e92f6effafbe187
BibTeX
@misc{grantable_473699249_2026,
author = {{Grantable}},
title = {{Kearnybank Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/kearnybank-foundation-inc-morg_94f769f8059245368e92f6effafbe187},
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 Kearnybank 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.
Kearnybank Foundation Inc down — hundreds of funders to go?