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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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