New Jersey Bankers Charitable Foundation Inc is a private foundation focused on Education, based in CRANFORD, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $396K in total assets. In 2024, it awarded 2 grants totaling $33K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$396K
-7.4% YoY
Annual Giving
$33K
-31.9% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$16K
+2.2% YoY
Under IRS private-foundation payout rules, New Jersey Bankers Charitable Foundation Inc reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About New Jersey Bankers Charitable Foundation Inc
Based on IRS filings
New Jersey Bankers Charitable Foundation Inc is a private foundation focused on Education, based in CRANFORD, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $396K in total assets. In 2024, it awarded 2 grants totaling $33K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $395,721 | $427,224 | $449,411 |
| Revenue | $5,110 | $29,411 | $62,315 |
| Expenses | $36,613 | $51,598 | $65,312 |
| Qualifying Distributions | $32,500 | $50,038 | $63,946 |
| Net Investment Income | $5,110 | $2,851 | — |
| Distributable Amount | $19,935 | $21,469 | $20,491 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nj Submarine Commission Organization ($25,000), Center for Entrepenuership - Masters for Veterans ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR ENTREPENUERSHIP - MASTERS FOR VETERANS Lawrenceville, NJ | AWARDS - VETERANS | $7,500 |
| NJ SUBMARINE COMMISSION ORGANIZATION COLTS NECK, NJ | AWARDS - VETERANS | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL P AFFUSO Esq | CHAIR | 0.2 | — |
| JOHN MANGINI | EX-OFFICIO TRUSTEE | 0.5 | — |
| MATTHEW COONEY | TRUSTEE | 0.2 | — |
| CHRISTOPHER MAHER | TRUSTEE - TERM. 06/18/2024 | 0.2 | — |
| JAMES SILKENSEN | TRUSTEE | 0.2 | — |
| JOHN M BONHOMME | TRUSTEE | 0.2 | — |
| PATRICK L RYAN | TRUSTEE | 0.2 | — |
| ROBERT E STILLWELL | TRUSTEE | 0.2 | — |
| STEVEN M KLEIN | TRUSTEE | 0.2 | — |
| JANE E REY | TRUSTEE - TERM. 06/18/2024 | 0.2 | — |
| CRAIG L MONTANARO | TRUSTEE | 0.2 | — |
| IRA ROBBINS | TRUSTEE | 0.2 | — |
| ANTHONY LABOZZETTA | TRUSTEE - EFF. 06/18/2024 | 0.2 | — |
| ELIZABETH MAGENNIS | TRUSTEE- EFF. 06/18/2024 | 0.2 | — |
| Brittany Wheeler | EX-OFFICIO MEMBER | 0.2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is New Jersey Bankers Charitable Foundation Inc?
New Jersey Bankers Charitable Foundation Inc is a private foundation focused on Education, based in CRANFORD, NJ. It holds $396K in total assets as of 2024.
How large is New Jersey Bankers Charitable Foundation Inc?
As of 2024, New Jersey Bankers Charitable Foundation Inc holds $396K in total assets with $5K in annual revenue. It awarded 2 grants totaling $33K in 2024.
Where does New Jersey Bankers Charitable Foundation Inc operate?
New Jersey Bankers Charitable Foundation Inc has awarded grants in California, District of Columbia, Florida, Kentucky, New Jersey, Pennsylvania.
What size grants does New Jersey Bankers Charitable Foundation Inc award?
In 2024, New Jersey Bankers Charitable Foundation Inc awarded 2 grants totaling $33K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is New Jersey Bankers Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, New Jersey Bankers Charitable Foundation Inc reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is New Jersey Bankers Charitable Foundation Inc's EIN?
New Jersey Bankers Charitable Foundation Inc's EIN (Employer Identification Number) is 34-2025283. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in New Jersey Bankers Charitable Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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