New Jersey Natural Gas Company Charity
New Jersey Natural Gas Company Charity is a private foundation established in June 2002 and based in Wall, New Jersey. As a 501(c)(3) corporate foundation, the organization supports nonprofit initiatives in communities served by New Jersey Natural Gas, a subsidiary of New Jersey Resources Corporation. The foundation operates with limited paid staffing and relies on volunteer leadership from company executives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.9M
+4.4% YoY
Annual Giving
$2.0M
+18.1% YoY
Grant Count
368
+3.1% YoY
Avg Grant Size
$5K
+14.5% YoY
Mission & Focus Areas
The charity supports nonprofit organizations across multiple priority areas:
- Environment
- Health and nutrition
- Seniors
- Children and youth
- Safety
- Education
- Economic growth
- Community outreach
The foundation facilitates after-school tutoring and mentorship activities and provides educational materials, serving approximately 1,060 youth annually. The organization also actively alerts New Jersey residents to local charities through approximately 200 media announcements each year.
Grantmaking
The foundation accepts applications and is open to new proposals.
Grant Range
$2,000
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Geographic Focus
Where this funder awards grants
The charity primarily funds organizations in Monmouth, Morris, and Ocean counties in New Jersey, focusing on communities served by New Jersey Natural Gas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $20.9 million
- Total giving: $1.9 million
- Total revenues: $799,470
- Total expenses: $2.2 million
- Total liabilities: $81,100
Historical Trends:
- 2023: $20.0 million in assets; $1.6 million in giving
- 2022: $21.1 million in assets; $1.6 million in giving
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,892,989 | $20,010,843 | $21,135,608 |
| Revenue | $799,470 | $520,577 | $13,082,559 |
| Expenses | $2,244,238 | $1,937,448 | $1,775,395 |
| Qualifying Distributions | $2,105,368 | $1,090,714 | $1,033,417 |
| Net Investment Income | $698,773 | $405,171 | $12,041 |
| Distributable Amount | $992,406 | $948,774 | $336,586 |
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
201 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
Key leadership includes:
- Stephen Westhoven — Chairman, President & CEO
- Roberto Bel — SVP & CFO, Trustee
- Mark Kahrer — SVP, Trustee
- Richard Reich — SVP & General Counsel, Trustee
- Patrick Migliaccio — SVP, Trustee
- Daniel Sergott — Treasurer
- Tejal K Mehta — Corporate Secretary
- Thomas F Hayes — Trustee
All listed officers serve without compensation and contribute limited hours to foundation governance.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN WESTHOVEN | CHAIRMAN, PRESIDENT & CEO | — | — |
| ROBERTO BEL | SVP & CFO, TRUSTEE | — | — |
| MARK KAHRER | SVP, TRUSTEE | — | — |
| RICHARD REICH | SVP & GENERAL COUNSEL, TRUSTEE | — | — |
| LORI DELGIUDICE | SVP, TRUSTEE - END 10/23 | — | — |
| PATRICK MIGLIACCIO | SVP, TRUSTEE | — | — |
| TEJAL K MEHTA | CORPORATE SECRETARY | — | — |
| THOMAS F HAYES | TRUSTEE - END 12/24 | 2 | — |
| DANIEL SERGOTT | TREASURER | — | — |
| AMY CRADIC | SVP, TRUSTEE - START 10/23 | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has partnered with Monmouth Park Charity Fund to distribute "Accomplish More Together" grants in 2026, indicating ongoing collaborative grantmaking efforts in the region.
MPCF and NJNG Distribute 2026 Accomplish More Together Grants - MonmouthSubject Areas
Focus areas based on grantmaking activity
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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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