The Blue Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.7M in total assets. In 2024, it awarded 5 grants totaling $551K. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.7M
+4.7% YoY
Annual Giving
$551K
+5.0% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$110K
+25.9% YoY
About The Blue Foundation
Based on IRS filings
The Blue Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.7M in total assets. In 2024, it awarded 5 grants totaling $551K. Net investment income was $1.2M.
Focus Areas
Ready to take the next step with The Blue Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,740,989 | $10,260,523 | $10,442,856 |
| Revenue | $1,228,424 | $553,177 | $1,026,082 |
| Expenses | $743,232 | $736,332 | $752,477 |
| Qualifying Distributions | $674,365 | $663,122 | $660,721 |
| Net Investment Income | $1,151,384 | $488,411 | $958,206 |
| Distributable Amount | $622,259 | $582,434 | $598,081 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
31 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 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MOLLY KNOX CO BANA | PRESIDENT, TREASURER | — | — |
| JILLIAN M KNOX CO BANA | VICE PRESIDENT | 3 | — |
| PARKER MACCREADY CO BANA | VICE PRES, SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Stephen J Machuta Scholarship Trust
PENNINGTON, NJ
Assets
$1.9M
Grants
1
Total Given
$70K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Blue Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities