Somerset Regal Charitable Foundation Inc
Somerset Regal Charitable Foundation Inc is a private foundation, based in Bound Brook, NJ. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 3 grants totaling $150K.
Key facts about Somerset Regal Charitable Foundation Inc
In short: Somerset Regal Charitable Foundation Inc gave $150K across 3 grants in 2024 (avg $50K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- EIN
- 93-3444636
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $150,076
- Grants made (2024)
- 3
- Average grant
- $50,025
- Median grant
- $50,000
- Total assets
- $6,147,188
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.1M
+17.4% YoY
Annual Giving
$150K
Grant Count
3
Avg Grant Size
$50K
Under IRS private-foundation payout rules, Somerset Regal Charitable Foundation Inc reported a distributable amount of $267K for 2024 — the minimum it must pay out in qualifying distributions.
How Somerset Regal Charitable Foundation Inc gives
- In 2024 it paid out 56% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 3 grants totaling $150K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Central Jersey Housing Resource Center ($50K). Together the top 3 received $150K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 3 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central Jersey Housing Resource Center Somerville, NJ | To Support Affordable Housing. | $50,076 |
| Raritan Valley Habitat for Humanity Bedminster, NJ | To provide support for repair work to low to moderate income homeowners. | $50,000 |
| Center for Great Expectations Somerset, NJ | To support classes for adult residential mommy & me for pregnant & parenting women. | $50,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $6,147,188 | $5,233,883 |
| Revenue | — | $5,433,097 |
| Expenses | $150,676 | — |
| Qualifying Distributions | $150,676 | — |
| Distributable Amount | $266,840 | $88,684 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2026)
- Added Form 990-PF for fiscal year 2023 (received by the IRS May 12, 2026)
Leadership & Key People
Officers and directors from IRS filings
Somerset Regal Charitable Foundation Inc is led by William Taylor, President on every filing since 2023; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
William Taylor
President
On filings since 2023
No compensation reported
David Orbach
Chairman
New on the 2024 filing
No compensation reported
Chirstopher Pribula
Treasurer
On filings since 2023
No compensation reported
Chris Edwards
Secretary
On filings since 2023
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Somerset Regal Charitable Foundation Inc
How much does Somerset Regal Charitable Foundation Inc give each year?
Somerset Regal Charitable Foundation Inc gave $150K across 3 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Somerset Regal Charitable Foundation Inc's typical grant size?
Somerset Regal Charitable Foundation Inc's median grant in 2024 was $50,000, and its average grant was $50,025, across 3 grants on its 2024 IRS Form 990-PF.
Where does Somerset Regal Charitable Foundation Inc give grants?
Somerset Regal Charitable Foundation Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Somerset Regal Charitable Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Somerset Regal Charitable Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is Somerset Regal Charitable Foundation Inc?
Somerset Regal Charitable Foundation Inc reported $6.1M in total assets on its 2024 IRS Form 990-PF. It paid out $151K in qualifying distributions that year, against a required minimum of $267K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Somerset Regal Charitable Foundation Inc's EIN?
Somerset Regal Charitable Foundation Inc's EIN (Employer Identification Number) is 93-3444636. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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