Lombardi Paul J Char Trust

Foundation · Grantmaker PENNINGTON, NJ EIN: 01-0580707

Lombardi Paul J Char Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $600K in total assets. In 2024, it awarded 1 grants totaling $24K. Net investment income was $12K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$600K

-3.9% YoY

Annual Giving

$24K

-2.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$24K

-2.8% YoY

Under IRS private-foundation payout rules, Lombardi Paul J Char Trust reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.

About Lombardi Paul J Char Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $76K (89%)

Tennessee $10K (11%)

States

New Jersey Tennessee

Cities

MemphisNew Brunswick

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$599,616	$624,002	$659,202
Revenue	$9,741	$-722	$-15,058
Expenses	$34,141	$34,286	$39,056
Qualifying Distributions	$29,806	$30,240	$29,123
Net Investment Income	$11,651	$10,345	$6,913
Distributable Amount	$32,063	$29,546	$30,919

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St Peters Foundation ($23,884).

Recipient	Purpose	Amount
ST PETERS FOUNDATION NEW BRUNSWICK, NJ	GENERAL OPERATING	$23,884

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JEAN DUFFY	CO-TRUSTEE	2	$1,550
BANK OF AMERICA N A	CO-TRUSTEE	2	$8,320

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lombardi Paul J Char Trust?

Lombardi Paul J Char Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $600K in total assets as of 2024.

How large is Lombardi Paul J Char Trust?

As of 2024, Lombardi Paul J Char Trust holds $600K in total assets with $10K in annual revenue. It awarded 1 grants totaling $24K in 2024.

Where does Lombardi Paul J Char Trust operate?

Lombardi Paul J Char Trust has awarded grants in New Jersey, Tennessee.

What size grants does Lombardi Paul J Char Trust award?

In 2024, Lombardi Paul J Char Trust awarded 1 grants totaling $24K — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Lombardi Paul J Char Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lombardi Paul J Char Trust reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.