The Amboy Foundation is a private foundation (501(c)(3)) established in 1996 and located in Old Bridge, New Jersey. The foundation supports nonprofit organizations in the communities served by Amboy Bank, primarily in the central New Jersey counties of Middlesex and Monmouth. The foundation actively seeks community development opportunities to support organizations that provide measurable impact in the communities the bank serves.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.8M
+5.6% YoY
Annual Giving
$207K
-9.2% YoY
Grant Count
54
-10.0% YoY
Avg Grant Size
$4K
+0.9% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Education (including higher education and business programs)
- Civic affairs and public affairs
- Health (in-patient medical care and hospital care)
- Human services and social services
- Culture and arts
- Community and economic development
- Housing development
- Family services and child welfare
Special emphasis is directed toward programs designed to:
- Promote community development and social welfare, including local shelters and health and welfare clinics
- Benefit low to moderate income populations
- Provide educational initiatives to meet the housing needs of low to moderate income populations
- Promote higher education with a focus on business programs
The foundation also focuses on supporting economically disadvantaged and low-income individuals.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation provides funding primarily in:
- New Jersey (primary focus)
- New York
- Illinois
Specific cities mentioned include Newark, Trenton, and New York City.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $7,795,521
- Total revenues: $677,174
- Total expenses: $264,253
- Investment income and dividends: $677,174
- Number of employees: 0
Historical Assets:
- 2017: $6,336,241
- 2014: $3,809,213
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,795,521 | $7,382,600 | $6,774,185 |
| Revenue | $677,174 | $897,522 | $385,493 |
| Expenses | $264,253 | $289,107 | $329,808 |
| Qualifying Distributions | $207,220 | $228,250 | $216,104 |
| Net Investment Income | $202,179 | $139,192 | $135,495 |
| Distributable Amount | $687,145 | $552,930 | $530,222 |
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 2024
Grant Size Distribution
236 grants across all recorded years
Open Grants
1 open opportunity from The Amboy Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Eileen Roemer – Chief Financial Officer (as of April 2025)
- J Oliver McGonigle – Trustee (serves without compensation)
- G Gregory Scharpf – Trustee (serves without compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J Oliver McGonigle | Trustee | 1 | — |
| G Gregory Scharpf | Trustee | 1 | — |
Contact Information
Address: 3590 US Highway 9 Old Bridge, NJ 08857
Telephone: 732-591-8700
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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