Robert Craig Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRANFORD, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $533K in total assets. In 2024, it awarded 3 grants totaling $24K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$533K
-1.0% YoY
Annual Giving
$24K
Grant Count
3
Avg Grant Size
$8K
Under IRS private-foundation payout rules, Robert Craig Foundation Inc reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Robert Craig Foundation Inc
Based on IRS filings
Robert Craig Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRANFORD, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $533K in total assets. In 2024, it awarded 3 grants totaling $24K. Net investment income was $21K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $533,098 | $538,697 | $520,841 |
| Revenue | $21,374 | $16,427 | $550,941 |
| Expenses | $23,737 | — | $30,100 |
| Qualifying Distributions | $23,737 | — | $30,000 |
| Net Investment Income | $21,374 | $15,747 | $4,282 |
| Distributable Amount | $25,725 | $23,737 | $26,347 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Camdens Charter School ($10,000), The Pingry School ($10,000), Westfield Foundation ($3,737).
| Recipient | Purpose | Amount |
|---|---|---|
| Camdens Charter School Camden, NJ | General Support | $10,000 |
| The Pingry School Basking Ridge, NJ | General Support | $10,000 |
| Westfield Foundation Westfield, NJ | Support of high school charitable fund. | $3,737 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thomas C Phelan | President | 4 | — |
| Carol O Phelan | Secretary | 1 | — |
| Molly C Dennis | Vice President | 1 | — |
| Christopher T Phelan | Treasurer | 1 | — |
| Julie E Phelan | Vice President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Robert Craig Foundation Inc?
Robert Craig Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRANFORD, NJ. It holds $533K in total assets as of 2024.
How large is Robert Craig Foundation Inc?
As of 2024, Robert Craig Foundation Inc holds $533K in total assets with $21K in annual revenue. It awarded 3 grants totaling $24K in 2024.
Where does Robert Craig Foundation Inc operate?
Robert Craig Foundation Inc has awarded grants in New Jersey.
What size grants does Robert Craig Foundation Inc award?
In 2024, Robert Craig Foundation Inc awarded 3 grants totaling $24K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Robert Craig Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Robert Craig Foundation Inc reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Robert Craig Foundation Inc's EIN?
Robert Craig Foundation Inc's EIN (Employer Identification Number) is 87-2299932. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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