Skyway Foundation
Skyway Foundation is a private foundation, based in Pt Pleas BCH, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $243K in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $14K.
Skyway Foundation at a glance
In short: Skyway Foundation gave $10K across 1 grant in 2024 (avg $10K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $10,350
- -79.7% vs 2023
- Grants made (2024)
- 1
- -85.7% vs 2023
- Average grant
- $10,350
- +41.9% vs 2023
- Median grant
- $10,350
- Total assets
- $243,217
- +86.0% vs 2023
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Skyway Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Shrine of Saint Joseph ($10K).
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Skyway Foundation gives
- Giving fell 87% from 2021 to 2024. Method
- In 2024 it paid out 151% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2024) to $78K (2021). In 2024 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shrine of Saint Joseph Stirling, NJ | Social Services | $10,350 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $243,217 | $122,820 | $10,395 | $10,350 | 1 | $10,350 | $14,163 | $6,871 |
| 2023 | $130,792 | $19,788 | $51,189 | $51,050 | 7 | $51,189 | $19,649 | $7,690 |
| 2022 | $162,205 | $16,611 | $50,186 | $50,000 | 5 | $50,186 | $2,566 | $7,996 |
| 2021 | $195,686 | $47,027 | $77,924 | $77,800 | 5 | $77,924 | $12,027 | $10,643 |
| 2020 | $226,673 | $51,816 | $37,013 | $36,950 | 4 | — | — | $8,711 |
Under IRS private-foundation payout rules, Skyway Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Skyway Foundation is led by Loretta Thornton, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Loretta Thornton
President
On filings since 2020
7 hrs/week
No compensation reported
Patrick Thornton
Chairman
On filings since 2020
25 hrs/week
No compensation reported
Michael DallaValle
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Skyway Foundation
How much does Skyway Foundation give each year?
Skyway Foundation gave $10K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $51K across 7 grants.
How large is Skyway Foundation?
Skyway Foundation reported $243K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
Where does Skyway Foundation operate?
Skyway Foundation has awarded grants in Massachusetts, Maryland, New Jersey, New York.
What is Skyway Foundation's EIN?
Skyway Foundation's EIN (Employer Identification Number) is 16-1706546. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Skyway Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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