Sholley Foundation
The Sholley Foundation is a private foundation based in Pennington, New Jersey. Established in 1945 in Massachusetts, the foundation operates as a 501(c)(3) tax-exempt organization and has been tax-exempt since May 1947. The foundation functions as a grantmaking entity, providing unrestricted general support to nonprofit organizations.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.7M
-0.1% YoY
Annual Giving
$159K
+12.0% YoY
Grant Count
55
-5.2% YoY
Avg Grant Size
$3K
+18.1% YoY
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, based on recent grantmaking activity, the foundation supports organizations in the following areas:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made 53 grants in the most recent fiscal year. Typical grant awards range from $500 to $30,000.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Massachusetts
- New York
- Rhode Island
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (as of April 2025)
| Metric | Amount |
|---|---|
| Total Assets | $1,674,450 |
| Total Revenues | $212,924 |
| Total Expenses | $213,663 |
| Total Giving | $158,500 |
| Investment Income & Dividends | $87,952 |
Staffing
The foundation operates with zero employees.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,674,450 | $1,676,936 | $1,309,689 |
| Revenue | $212,924 | $542,787 | $73,530 |
| Expenses | $213,663 | $175,537 | $184,310 |
| Qualifying Distributions | $181,095 | $159,877 | $166,610 |
| Net Investment Income | $192,760 | $526,323 | $59,606 |
| Distributable Amount | $218,092 | $176,649 | $154,989 |
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 2025
Grant Size Distribution
243 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOAN MOYNAGH SHOLLEY | SECRETARY/TRUSTEE | 2 | $6,700 |
| J ADAM SHOLLEY | PRESIDENT/TRUSTEE | 1 | — |
| LUCINDA SHOLLEY | TRUSTEE | 1 | — |
| PETER SHOLLEY | TRUSTEE | 1 | — |
Contact Information
Mailing Address PO Box 1532 Pennington, NJ 08534-0691
Telephone 888-866-3275
EIN 04-6014010
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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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