Matrix Foundation Inc
Matrix Foundation Inc is a private 501(c)(3) nonoperating foundation based in Cranbury, New Jersey. The organization operates as a corporate foundation affiliated with Matrix Realty Inc., based in Port Jefferson Station, New York. The foundation primarily makes unrestricted grants to further the exempt purposes of nonprofit organizations across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+60.3% YoY
Annual Giving
$830K
+182.7% YoY
Grant Count
30
+57.9% YoY
Avg Grant Size
$28K
+79.1% YoY
Mission & Focus Areas
The foundation supports nonprofit organizations involved with:
- Education
- Housing and shelter
- Religion
- Human services
- Philanthropy, voluntarism, and grantmaking
The foundation grants funds to organizations working in these areas, with a particular emphasis on unrestricted grants that allow grantees to direct funds toward their core missions.
Grantmaking
The foundation primarily provides unrestricted grants to further the exempt purposes of recipient organizations, including initiatives for homeless health, annual campaigns for religious organizations, and support for specialized centers.
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Geographic Focus
Where this funder awards grants
The foundation funds organizations primarily in:
- New Jersey
- New York
- Pennsylvania
Additional states where funding has been directed include Nevada and Virginia, with particular emphasis on cities such as Brooklyn, Newark, and Philadelphia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $1,629,043
- Total revenue: $1,447,832
- Total expenses: $834,864
- Total liabilities: $0
Financial Trend: Total grants and contributions increased significantly from $100,000 in 2023 to $1,400,000 in 2024, representing a 1,300% increase year-over-year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,629,043 | $1,016,075 | $1,180,927 |
| Revenue | $1,447,832 | $132,725 | $200,000 |
| Expenses | $834,864 | $297,577 | $1,737,134 |
| Qualifying Distributions | $832,311 | $295,604 | $1,737,134 |
| Net Investment Income | $45,706 | $30,752 | — |
| Distributable Amount | $98,636 | $53,674 | $96,013 |
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
104 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by trustees who serve without compensation:
- Donald M Epstein
- Gerald W Hull Jr
- Joseph S Taylor
- Robert J Twomey
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD M EPSTEIN | TRUSTEE | 0.5 | — |
| GERALD W HULL JR | TRUSTEE | 0.5 | — |
| JOSEPH S TAYLOR | TRUSTEE | 0.5 | — |
| ROBERT J TWOMEY | TRUSTEE | 0.5 | — |
Recent Activity
Recent developments and announcements
The foundation demonstrated substantial growth in grantmaking activity in 2024, with a significant increase in total contributions and grants awarded compared to the previous year. The foundation made 19 grants during the 2024 fiscal year, including major grants to cultural and religious organizations.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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