Koven Foundation

GREEN VILLAGE, NJ EIN: 22-6028758

Koven Foundation is an independent private foundation established in 1952, based in Green Village, New Jersey. The foundation operates as a 501(c)(3) organization with no employees.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

-1.0% YoY

Annual Giving

$278K

-6.4% YoY

Grant Count

-8.7% YoY

Avg Grant Size

$7K

+2.5% YoY

Under IRS private-foundation payout rules, Koven Foundation reported a distributable amount of $137K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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Geographic Focus

Where this funder awards grants

The foundation is based in Green Village, New Jersey.

Grant Distribution by State

New Jersey $814K (61%)

Connecticut $345K (26%)

Maryland $63K (5%)

California $36K (3%)

New York $19K (1%)

Virginia $15K (1%)

Florida $12K (1%)

Maine $10K (1%)

+5 more states

States

California Connecticut District of Columbia Florida Kentucky Maryland Maine New Jersey New Mexico New York Pennsylvania Rhode Island Virginia

Cities

AlexandriaBedminsterBerkeleyBernardsvilleBethlehemBlock IslandBoontonCalifonChesterDeer IsleFar HillsFlemingtonGladstoneGreen VillageHebronHobokenLebanonLong ValleyLos AngelesMadison

Financial History

Multi-year comparison from IRS filings

Based on the most recent IRS Form 990 filing (2023):

Total Assets: $1,293,558
Total Giving: $296,500

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,280,403	$1,293,558	$1,452,554
Revenue	$288,334	$158,843	$89,351
Expenses	$301,489	$317,839	$225,817
Qualifying Distributions	$277,500	$296,500	$200,900
Net Investment Income	$265,091	$137,504	$65,820
Distributable Amount	$137,014	$120,249	$129,774

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

214 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Foundation for St Vincent ($69,500), New Jersey Highlands Coalition ($45,000), Harding Land Trust ($20,000).

Recipient	Purpose	Amount
CENTER FOR RURAL PRESERVATION BEDMINSTER, NJ	CONSERVATION	$2,000
COMMUNITY FOUNDATION FOR ST VINCENT HEBRON, CT	EDUCATION	$69,500
FAIRMONT FIRE COMPANY LONG VALLEY, NJ	PUBLIC GOOD	$1,000
FLEMINGTON AREA FOOD PANTRY FLEMINGTON, NJ	PUBLIC GOOD	$5,000
FOUNDATION FOR MORRISTOWN MEDICAL CENTER MORRISTOWN, NJ	HEALTH	$5,000
FRONTIER NURSING SERVICE VERSAILLES, KY	HEALTH	$1,000
GEORGETOWN UNIVERSITY LAW CENTER WASHINGTON DEPOT, DC	EDUCATION	$2,000
GREAT SWAMP WATERSHED ASSOCIATION MORRISTOWN, NJ	CONSERVATION	$5,000
GREEN VILLAGE FIRE COMPANY GREEN VILLAGE, NJ	PUBLIC GOOD	$2,000
HARDING LAND TRUST NEW VERNON, NJ	CONSERVATION	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GUSTAV KOVEN	DIRECTOR	5	—

Contact Information

Address: PO Box 52, Green Village, NJ 07935-0052
Telephone: 201-259-1113
EIN: 22-6028758

Frequently Asked Questions

Where does Koven Foundation make grants?

The foundation is based in Green Village, New Jersey.

What size grants does Koven Foundation award?

In 2024, Koven Foundation awarded 42 grants totaling $278K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Koven Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Koven Foundation reported a distributable amount of $137K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.