The Monteforte Foundation Inc
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
5
-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.
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
States
Cities
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.
| 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.
What is The Monteforte Foundation Inc's EIN?
The Monteforte Foundation Inc's EIN (Employer Identification Number) is 22-3198329. IRS Form 990 filing data is available on this page for 2020–2025.
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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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