Nardone Char Trust
Nardone Char Trust is a private foundation, based in Wall, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $597K in total assets. In 2025, it awarded 5 grants totaling $40K. Net investment income was $24K.
Nardone Char Trust at a glance
In short: Nardone Char Trust gave $40K across 5 grants in 2025 (avg $8K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +5.3% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $8,000
- +26.3% vs 2024
- Median grant
- $8,000
- Total assets
- $596,509
- -3.5% vs 2024
- Primary geography
- New Jersey (80% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Nardone Char Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was The Salvation Army ($8K). Together the top 5 received $40K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Nardone Char Trust gives
- Giving held roughly steady from 2022 to 2025 (−16%). Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $35K (2023) to $48K (2022). In 2025 it made 5 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Salvation Army West Nyack, NY | General Funds | $8,000 |
| Springpoint Foundation Inc Wall Township, NJ | General Funds | $8,000 |
| Community Medical Center Foundation Toms River, NJ | General Funds | $8,000 |
| Alzheimer's New Jersey Roseland, NJ | General Funds | $8,000 |
| Deborah Heart and Lung Center Browns Mills, NJ | General Funds | $8,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $596,509 | $33,992 | $55,257 | $40,000 | 5 | $44,554 | $23,876 | $43,570 |
| 2024 | $617,836 | $38,957 | $56,211 | $37,998 | 6 | $47,043 | $29,901 | $38,324 |
| 2023 | $634,974 | $25,617 | $46,378 | $34,998 | 6 | $38,083 | $17,322 | $38,362 |
| 2022 | $655,762 | $10,309 | $60,728 | $47,800 | 6 | $50,796 | $7,678 | $40,078 |
| 2021 | $706,397 | $42,004 | $55,614 | $42,000 | 6 | $45,355 | $31,745 | $45,377 |
| 2020 | $720,098 | $-112 | $54,479 | $42,000 | 6 | — | $7,061 | $39,658 |
| 2019 | $774,568 | $23,215 | $49,800 | $37,000 | 6 | — | $13,634 | $39,962 |
Under IRS private-foundation payout rules, Nardone Char Trust reported a distributable amount of $44K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Nardone Char Trust's only listed officer is Garden State Trust Company, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Garden State Trust Company
Trustee
On filings since 2019
1 hr/week
$12K (2019) → $11K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $11K, to Garden State Trust Company (Trustee).
Frequently asked questions about Nardone Char Trust
How much does Nardone Char Trust give each year?
Nardone Char Trust gave $40K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $38K across 6 grants.
What is Nardone Char Trust's typical grant size?
Nardone Char Trust's median grant in 2025 was $8,000, and its average grant was $8,000, across 5 grants on its 2025 IRS Form 990-PF.
Where does Nardone Char Trust give grants?
Nardone Char Trust gives mostly in New Jersey: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (20%).
Does Nardone Char Trust give general operating support?
Yes: 100% of Nardone Char Trust's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Nardone Char Trust's largest grantees?
Nardone Char Trust's largest 2025 grantees include The Salvation Army ($8,000), Springpoint Foundation Inc ($8,000) and Community Medical Center Foundation ($8,000), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is Nardone Char Trust?
Nardone Char Trust reported $597K in total assets on its 2025 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $44K (roughly 5% of its investment assets).
What is Nardone Char Trust's EIN?
Nardone Char Trust's EIN (Employer Identification Number) is 46-6597335. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 11, 2025)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 28, 2026)
- IRS filings on file for fiscal years 2019–2024
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