The Frank J Guarini Trust
The Frank J Guarini Trust is a private foundation, based in Jersey City, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 5 grants totaling $93K.
The Frank J Guarini Trust at a glance
In short: The Frank J Guarini Trust gave $93K across 5 grants in 2024 (avg $19K), top state New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $92,500
- -7.5% vs 2023
- Grants made (2024)
- 5
- +400.0% vs 2023
- Average grant
- $18,500
- -81.5% vs 2023
- Median grant
- $20,000
- Total assets
- $2,529,880
- +1.9% vs 2023
- Primary geography
- New Jersey (49% 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 The Frank J Guarini Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was St Peter's University ($35K). Together the top 5 received $93K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 6 grants of 8 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Frank J Guarini Trust gives
- Giving grew 270% from 2021 to 2024. Method
- In 2024 it paid out 92% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $25K (2021) to $100K (2023). In 2024 it made 5 grants totaling $93K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Peter's University Jersey City, NJ | Donation for the Hearts & Minds and Cornacchia Scholarship Fund | $35,000 |
| John Cabot University | Donation for the John Cabot University General Fund | $25,000 |
| Gioblastoma Foundation Durham, NC | General Fund | $20,000 |
| Hudson Riverfront Performing Arts Center Inc Weehawken, NJ | 20th Anniversary,General Fund | $10,000 |
| National Organization of Italian American Women New York, NY | General Fund | $2,500 |
Ready to take the next step with The Frank J Guarini Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $2,529,880 | $143,611 | $97,256 | $92,500 | 5 | $92,500 | $100,963 |
| 2023 | $2,483,525 | $183,281 | $100,000 | $100,000 | 1 | $100,000 | $100,963 |
| 2022 | $2,400,244 | $496,898 | $100,000 | $100,000 | 1 | $100,000 | $100,963 |
| 2021 | $2,003,346 | $271,894 | $25,000 | $25,000 | 1 | $25,000 | $100,963 |
| 2020 | $1,756,452 | $1,756,452 | — | — | — | — | $276 |
Under IRS private-foundation payout rules, The Frank J Guarini Trust reported a distributable amount of $101K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Frank J Guarini Trust is led by Frank J Guarini, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Frank J Guarini
Trustee
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 The Frank J Guarini Trust
How much does The Frank J Guarini Trust give each year?
The Frank J Guarini Trust gave $93K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 1 grant.
What is The Frank J Guarini Trust's typical grant size?
The Frank J Guarini Trust's median grant in 2024 was $20,000, and its average grant was $18,500, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Frank J Guarini Trust give grants?
The Frank J Guarini Trust's top state is New Jersey, with 49% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was North Carolina (22%).
Does The Frank J Guarini Trust give general operating support?
Yes: 80% of The Frank J Guarini Trust's 2024 grants with a stated purpose (4 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Frank J Guarini Trust's largest grantees?
The Frank J Guarini Trust's largest 2024 grantees include St Peter's University ($35,000), John Cabot University ($25,000) and Gioblastoma Foundation ($20,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is The Frank J Guarini Trust?
The Frank J Guarini Trust reported $2.5M in total assets on its 2024 IRS Form 990-PF. It paid out $93K in qualifying distributions that year, against a required minimum of $101K (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 The Frank J Guarini Trust's EIN?
The Frank J Guarini Trust's EIN (Employer Identification Number) is 81-7117025. 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 The Frank J Guarini Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Frank J Guarini Trust's focus areas in our free grants database
Similar Funders
Similar funders in New Jersey
The Robert Wood Johnson Foundation
Princeton, NJ
The Robert Wood Johnson Foundation funds efforts to improve health and health equity in the United States, including systems change addressing structural barriers to health. In 2024, its grants ranged from $125 to $12.15 million, with a median of $40,000. It typically funds through targeted programs and partnerships; whether it accepts unsolicited requests is not stated.
Assets
$13.4B
Grants
3,093
Total Given
$622.6M
Community Foundation of New Jersey
Morristown, NJ
The Community Foundation of New Jersey supports a broad range of causes, including arts, education, health, human services, and the environment, through donor-directed and other charitable funds. Its 2024 itemized grants had a median of $19,759, with awards ranging widely; its current health grant opportunity serves Morris and Somerset counties. Eligible New Jersey nonprofits may apply to specific grant opportunities, subject to each opportunity’s guidelines.
Assets
$1.0B
Grants
1,321
Total Given
$93.8M
Crane Fund for Widows and Children
Englewood Cliffs, NJ
The Crane Fund for Widows and Children supports charitable organizations, including those working in healthcare and social services, children’s services, recreation, and basic needs, with grants across multiple states. Its 2024 grants ranged from $2,000 to $45,000, with a median of $4,500; it funds only preselected organizations and does not accept unsolicited requests.
Assets
$1.6M
Grants
985
Total Given
$4.5M
Oceanfirst Foundation
Toms River, NJ
OceanFirst Foundation funds nonprofits working in health and wellness, housing, youth development and education, economic stability, quality of life, and higher education in communities served by OceanFirst Bank. In 2025 it awarded grants of $50 to $55,000, with a median of $2,200. It does not limit giving to preselected organizations; prospective applicants are directed to contact the foundation to discuss fit before applying through its online portal.
Assets
$6.1M
Grants
425
Total Given
$1.6M
The Hyde and Watson Foundation
Warren Township, NJ
The Hyde and Watson Foundation funds capital projects in human services, education, health, arts and culture, and the environment. Most awards are $5,000–$20,000, with a 2024 median of $10,000, for eligible nonprofits in New York City and Essex, Morris, and Union counties in New Jersey. It accepts applications through an online portal during its stated application periods; the profile does not say whether it accepts unsolicited requests.
Assets
$88.2M
Grants
611
Total Given
$6.1M
Princeton Area Community Foundation Inc
Princeton, NJ
The foundation supports nonprofits and community programs in areas such as basic needs, education, health, housing, arts, and the environment, with competitive grants focused on under-resourced communities and women and girls. Its 2024 grants had a median of $15,000, and its discretionary grantmaking primarily serves Mercer County and nearby parts of New Jersey and eastern Bucks County, Pennsylvania. The profile describes competitive programs but does not state whether unsolicited requests are accepted.
Assets
$279.6M
Grants
515
Total Given
$31.3M
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Frank J Guarini Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Frank J Guarini Trust down — hundreds of funders to go?