The Monteforte Foundation Inc

GARWOOD, NJ EIN: 22-3198329 Website

The Monteforte Foundation Inc is a private grantmaking foundation established in 1993 and based in Garwood, New Jersey. The foundation operates as a 501(c)(3) organization classified as a private foundation under IRS regulations.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$6K

+74.2% YoY

Annual Giving

$303K

-39.2% YoY

Grant Count

-28.6% YoY

Avg Grant Size

$61K

-14.9% YoY

Under IRS private-foundation payout rules, The Monteforte Foundation Inc reported a distributable amount of $728 for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation has not publicly provided a formal mission statement. However, its grantmaking demonstrates primary focus areas in:

Education
Arts and Culture
Humanities
Social and civic causes

Grantmaking

The foundation made seven grants in its most recent fiscal year (ending August 2024). Recent documented grants include:

Grant Range

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in New York and New Jersey.

Grant Distribution by State

New York $1.7M (68%)

New Jersey $807K (32%)

States

New Jersey New York

Cities

BronxFar HillsLawrencevilleMorristownNew York

Financial History

Multi-year comparison from IRS filings

Assets: Total assets: $3,419 (as of August 2024)

Annual Activity (Fiscal Year Ending August 2024):

Total revenues: $500,005
Total expenses: $504,751
Total grants and contributions received: $500,000

Staffing: The foundation operates with zero employees.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$5,956	$3,419	$8,165
Revenue	$312,505	$500,005	$522,504
Expenses	$309,968	$504,751	$540,031
Qualifying Distributions	$309,968	$504,751	$540,201
Net Investment Income	$5	$5	$304
Distributable Amount	$728	$1,592	$4,906

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 2025

Grant Size Distribution

33 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include The Metropolitan Opera ($150,000), The Lawrenceville School ($52,500), Riverdale Country School ($50,000).

Recipient	Purpose	Amount
The Metropolitan Opera New York, NY	Art, Social, Civic	$150,000
The Lawrenceville School Lawrenceville, NJ	Education	$52,500
Village Community School New York, NY	Education	$25,000
Riverdale Country School Bronx, NY	Education	$50,000
Stephen Gaynor School New York, NY	Education	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
JUDITH-ANN CORRENTE	PRESIDENT	1	—
NOAH SCHANKLER	TREASURER & SECRETARY	1	—
CORRENTE SCHANKLER	TRUSTEE	1	—
TERENCE KOOYKER	TRUSTEE	1	—

Contact Information

Address: PO Box 268 Garwood, NJ 07027

EIN: 22-3198329

Frequently Asked Questions

What does The Monteforte Foundation Inc fund?

The foundation has not publicly provided a formal mission statement. However, its grantmaking demonstrates primary focus areas in: • Education • Arts and Culture • Humanities • Social and civic causes

How do I apply for a grant from The Monteforte Foundation Inc?

**Grant Activity:** The foundation made seven grants in its most recent fiscal year (ending August 2024). Recent documented grants include: • Far Hills Country Day School: $70,000 (Education) • The Lawrenceville School: $52,500 (Education) • Riverdale Country School: $50,000 (Education) **Typical Grant Range:** Grants typically range from $25,000 to $250,000. **Total Annual Giving:** The foundation distributed $302,500 in grants according to recent filing data, with total giving reported at $49…

Where does The Monteforte Foundation Inc make grants?

The foundation primarily funds organizations in New York and New Jersey.

What size grants does The Monteforte Foundation Inc award?

In 2025, The Monteforte Foundation Inc awarded 5 grants totaling $303K — an average of about $61K per grant, based on its IRS Form 990 filings.

How much is The Monteforte Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, The Monteforte Foundation Inc reported a distributable amount of $728 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.