The Kean Foundation Inc
The Kean Foundation Inc is a private independent foundation based in Parsippany, New Jersey. Established in 1999 and granted tax-exempt status in February 2001, the foundation operates as a 501(c)(3) organization with no employees. It functions as a grantmaking foundation focused on philanthropic giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
+18.6% YoY
Annual Giving
$307K
+7.2% YoY
Grant Count
111
+3.7% YoY
Avg Grant Size
$3K
+3.3% YoY
Under IRS private-foundation payout rules, The Kean Foundation Inc reported a distributable amount of $457K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation has not provided a formal mission statement. However, based on recent grantmaking activity, primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Creative Writing
- Historic Preservation
- Journalism
Grantmaking
The foundation made 80 additional grants totaling $203,100 in 2024.
Grant Range
$100–$41,667
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on:
- New Jersey
- New York
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $3,379,148
- Total revenues: $893,216
- Total expenses: $363,052
- Investment income and dividends: $170,039
- Net gain from sale of non-inventory assets: $723,177
As of December 2023:
- Total assets: $2,850,000
- Total revenues: $299,000
- Total expenses: $350,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,379,148 | $2,848,984 | $2,899,540 |
| Revenue | $893,216 | $299,178 | $1,021,023 |
| Expenses | $363,052 | $349,734 | $324,104 |
| Qualifying Distributions | $310,225 | $291,892 | $285,903 |
| Net Investment Income | $843,939 | $253,337 | $784,537 |
| Distributable Amount | $457,076 | $427,721 | $414,643 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Environmental Defense Fund ($25,000), Foundation for Morristown Medical Center ($20,000), Community Food Bank of New Jersey Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACHILLES INTERNATIONAL INC NEW YORK, NY | UNRESTRICTED | $500 |
| AMERICAN ACADEMY OF ARTS & SCIENCES CAMBRIDGE, MA | UNRESTRICTED | $1,000 |
| AMERICAN CANCER SOCIETY INC ATLANTA, GA | UNRESTRICTED | $500 |
| AMERICAN MUSEUM OF NATURAL HISTORY NEW YORK, NY | UNRESTRICTED | $1,000 |
| ART PRIDE NJ BURLINGTON, NJ | UNRESTRICTED | $1,000 |
| ASPCA NEW YORK, NY | UNRESTRICTED | $500 |
| ATLANTIC VISITING NURSE MORRISTOWN, NJ | UNRESTRICTED | $1,000 |
| BASKING RIDGE PRESBYTERIAN CHURCH BASKING RIDGE, NJ | UNRESTRICTED | $100 |
| BAY HEAD PRESERVATION ALLIANCE LAKEWOOD, NJ | UNRESTRICTED | $500 |
| BIG BROTHER BIG SISTER OF ESSEX NEWARK, NJ | UNRESTRICTED | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is associated with Thomas H. Kean, who founded the organization. Administrative contact information lists McCabe Wong at the Parsippany address.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS H KEAN | PRESIDENT/TRUSTEE | 1 | — |
| THOMAS H KEAN JR | VP/TRUSTEE | 0.25 | — |
| REED KEAN | VP/TRUSTEE | 0.25 | — |
| ALEXANDRA KEAN-STRONG | SEC'Y/TREAS/TRUSTEE | 0.25 | — |
Contact Information
Address: Co McCabe Wong 4 Gatehall Drive Parsippany, NJ 07054
Telephone: 973-605-1040
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Kean Foundation Inc fund?
The foundation has not provided a formal mission statement. However, based on recent grantmaking activity, primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Creative Writing • Historic Preservation • Journalism
How do I apply for a grant from The Kean Foundation Inc?
**Grant Activity (2024)** • Total giving: $306,550–$335,550 • Number of grants: 83 grants documented • Typical grant range: $100–$41,667 **Recent Grant Recipients (2024)** • Environmental Defense Fund: $25,000 (Unrestricted) • Foundation for Morristown Medical Center: $20,000 (Unrestricted) • The Seeing Eye: $15,000 (Unrestricted) The foundation made 80 additional grants totaling $203,100 in 2024.
Where does The Kean Foundation Inc make grants?
The foundation's grantmaking focuses primarily on: • New Jersey • New York • Massachusetts
What size grants does The Kean Foundation Inc award?
In 2024, The Kean Foundation Inc awarded 111 grants totaling $307K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Kean Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kean Foundation Inc reported a distributable amount of $457K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Kean Foundation Inc's EIN?
The Kean Foundation Inc's EIN (Employer Identification Number) is 22-3697400. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Kean Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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