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
Under IRS private-foundation payout rules, Matrix Foundation Inc reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.
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.
Ready to take the next step with Matrix Foundation Inc?
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
Among its reported 2024 grants, the largest include Center for Creative Change Inc ($300,000), Njpac ($250,000), Hackensack Meridan Foundation Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRIDGE LINX ACADEMY (VBRILIA) HOLMDEL, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $252 |
| CENTER FOR CREATIVE CHANGE INC WASHINGTON, DC | MOMENT 50TH CAMPAIGN | $300,000 |
| CHABAD LUBAVITCH NEW BRUNSWICK, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $25,000 |
| CHILDREN'S HOSPITAL OF PHILADALEPHIS FOUNDATION PHILADALEPHIA, PA | HOMELESS HEALTH INITIATIVE | $25,000 |
| CONGREGATION BROTHERS OF ISRAEL LONGBANCH, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $3,800 |
| CONGREGATION MAGEN DAVID OF (VCONGRE) OCEAN, NJ | AGREED UPON CONTRIBUTION TO "CHESED FUND" | $10,000 |
| ELIE RUBY FOUNDATION OAKHURST, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $1,000 |
| ELIJAH'S PROMISE NEW BRUNSWICK, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $5,000 |
| EMERGENCY CHILDREN'S HELP ORGANIZATION STATEN ISLAND, NY | DONATION | $10,000 |
| FRIENDS OF THOMAS EDISON NATIONAL HISTORIC PARK CORP WEST ORANGE, NJ | AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $2,500 |
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.
Boost for fundamental research with Simons Foundation Grant to MATRIXFrequently Asked Questions
What does Matrix Foundation Inc fund?
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.
How do I apply for a grant from Matrix Foundation Inc?
**Grant Activity (2024):** • Total giving: $830,153 • Number of grants: 19 • Typical award range: $252–$1,000,000 **Recent Grants (2024):** • Moment Magazine: $300,000 (50th Campaign) • HomeFront: $25,000 (unrestricted grant) • Chabad House - Lubavitch: $25,000 (unrestricted grant) 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 fo…
Where does Matrix Foundation Inc make 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.
What size grants does Matrix Foundation Inc award?
In 2024, Matrix Foundation Inc awarded 30 grants totaling $830K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Matrix Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Matrix Foundation Inc reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Matrix Foundation Inc's EIN?
Matrix Foundation Inc's EIN (Employer Identification Number) is 22-3231774. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Matrix Foundation Inc'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 June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Matrix Foundation Inc 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 Matrix Foundation Inc to a real strategy.