Salem Library Trust

WOODSTOWN, NJ EIN: 22-6809271

Salem Library Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WOODSTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $552K in total assets. In 2024, it awarded 1 grants totaling $32K. Net investment income was $37K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$552K

-1.4% YoY

Annual Giving

$32K

+5.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$32K

+5.6% YoY

Under IRS private-foundation payout rules, Salem Library Trust reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.

About Salem Library Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $163K (100%)

States

New Jersey

Cities

Salem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$552,091	$559,733	$594,083
Revenue	$33,199	$24,036	$34,403
Expenses	$43,067	$40,900	$43,527
Qualifying Distributions	$32,327	$30,601	$32,427
Net Investment Income	$37,421	$24,167	$26,771
Distributable Amount	$32,327	$30,265	$32,427

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Salem Library ($32,327).

Recipient	Purpose	Amount
SALEM LIBRARY SALEM, NJ	BOOKS	$32,327

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MAURICE W AYARS	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Salem Library Trust?

Salem Library Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WOODSTOWN, NJ. It holds $552K in total assets as of 2024.

How large is Salem Library Trust?

As of 2024, Salem Library Trust holds $552K in total assets with $33K in annual revenue. It awarded 1 grants totaling $32K in 2024.

Where does Salem Library Trust operate?

Salem Library Trust has awarded grants in New Jersey.

What size grants does Salem Library Trust award?

In 2024, Salem Library Trust awarded 1 grants totaling $32K — an average of about $32K per grant, based on its IRS Form 990 filings.

How much is Salem Library Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Salem Library Trust reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.