Magyarbank Charitable Foundation
Magyarbank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW BRUNSWICK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $684K in total assets. In 2024, it awarded 24 grants totaling $71K. Net investment income was $162K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$684K
+3.0% YoY
Annual Giving
$71K
-0.3% YoY
Grant Count
24
+0.0% YoY
Avg Grant Size
$3K
-0.3% YoY
Under IRS private-foundation payout rules, Magyarbank Charitable Foundation reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.
About Magyarbank Charitable Foundation
Based on IRS filings
Magyarbank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW BRUNSWICK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $684K in total assets. In 2024, it awarded 24 grants totaling $71K. Net investment income was $162K.
Focus Areas
Ready to take the next step with Magyarbank Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $683,755 | $663,669 | $874,477 |
| Revenue | $32,048 | $26,806 | $33,390 |
| Expenses | $98,528 | $86,978 | $111,895 |
| Qualifying Distributions | $102,277 | $84,311 | $106,023 |
| Net Investment Income | $161,766 | $116,097 | $111,060 |
| Distributable Amount | $34,060 | $37,146 | $42,766 |
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
116 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Community Center of Middlesex County ($7,200), State Theatre Regional Arts Center at New Brunswick Inc ($5,500), Central Jersey Housing Resource Center ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR GREAT EXPECTATIONS INC SOMERSET, NJ | FUNDING FOR COUNSELING SUPPORT AND RESIDENTIAL PROGRAMS | $2,500 |
| CENTRAL JERSEY HOUSING RESOURCE CENTER SOMERVILLE, NJ | FUNDING FOR HOUSING PROGRAMS | $5,000 |
| DUNELLEN LIONS CLUB DUNELLEN, NJ | FUNDING TO SUPPORT GROUPS PROGRAMS TO HELP THOSE WITH DISABILITIES | $3,000 |
| ELIJAH'S PROMISE NEW BRUNSWICK, NJ | FUNDING FOR MEAL SERVICES | $2,500 |
| FIRST TEE RARITAN VALLEY KENILWORTH, NJ | FUNDING FOR YOUTH PROGRAMS | $3,000 |
| FISH INC PISCATAWAY, NJ | FUNDING TO SUPPORT THE REBUILD OF FRINDSHIP HALL AFTER FIRE | $2,000 |
| FRANKLIN FOOD BANK SOMERSET, NJ | FUNDING FOR WAREHOUSE PROJECT AND STORAGE | $5,000 |
| HARK-ALS INC HILLSBOROUGH, NJ | FUNDING FOR GIRL'S DEVELOPMENT PROGRAM | $1,000 |
| JEWISH COMMUNITY CENTER OF MIDDLESEX COUNTY EDISON, NJ | FUNDING FOR INCORPORATION OF NEW LEARNING EXPERIENCES | $7,200 |
| JEWISH FAMILY SERVICES OF MIDDLESEX COUNTY NORTH BRUNSWICK, NJ | FUNDING FOR FOOD PANTRIES | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN REISSNER | PRESIDENT | 0.15 | — |
| JON R ANSARI | V.P. & TREASURER | 0.15 | — |
| ROBIN E SUYDAM | CORPORATE SECRETARY & DIRECTOR | 0.15 | — |
| JOHN S FITZGERALD | CLASS I BOARD MEMBER | 0.15 | — |
| DEBORAH S ALEXANDER | CLASS II BOARD MEMBER | 0.15 | — |
| THOMAS LANKEY | CLASS II BOARD MEMBER | 0.15 | — |
| SARAH CHAPLIN | CLASS III BOARD MEMBER | 0.15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Magyarbank Charitable Foundation?
Magyarbank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW BRUNSWICK, NJ. It holds $684K in total assets as of 2024.
How large is Magyarbank Charitable Foundation?
As of 2024, Magyarbank Charitable Foundation holds $684K in total assets with $32K in annual revenue. It awarded 24 grants totaling $71K in 2024.
Where does Magyarbank Charitable Foundation operate?
Magyarbank Charitable Foundation has awarded grants in Michigan, New Jersey.
What size grants does Magyarbank Charitable Foundation award?
In 2024, Magyarbank Charitable Foundation awarded 24 grants totaling $71K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Magyarbank Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magyarbank Charitable Foundation reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magyarbank Charitable Foundation's EIN?
Magyarbank Charitable Foundation's EIN (Employer Identification Number) is 20-4154914. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Magyarbank Charitable Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
The William & Phyllis Mack Family
FORT LEE, NJ
Assets
$5.9M
Grants
53
Total Given
$3.2M
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Magyarbank Charitable Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Magyarbank Charitable Foundation to a real strategy.