The Olsen Foundation a New Jersey
The Olsen Foundation A New Jersey Nonprofit Corporation is a private family foundation based in Princeton, New Jersey. Established in 2002, the foundation operates as a 501(c)(3) charitable organization focused on grantmaking to support charitable purposes across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5K
-41.1% YoY
Annual Giving
$98K
-51.8% YoY
Grant Count
24
-4.0% YoY
Avg Grant Size
$4K
-49.8% YoY
Under IRS private-foundation payout rules, The Olsen Foundation a New Jersey reported a distributable amount of $461 for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to support and fund charitable organizations and programs that advance educational opportunity for:
- Military service members and their families
- Children with special educational needs
The foundation provides targeted grantmaking and educational assistance to reduce barriers to learning and promote long-term opportunity for populations facing unique challenges.
Primary funding focus areas include:
- Higher education
- Youth development
- Social services
- Support for military families through scholarships, tuition assistance, training programs, and educational resources
- Specialized educational programs and schools for children with special learning, developmental, or cognitive needs
Grantmaking
Grant Range
s:** Typical awards range from $1,000 to $50,000.
How to Apply
** No specific application process information is available in current sources.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New Jersey, New York, and the District of Columbia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $4,645
- Total giving: $98,120
- Total revenues: $174,495
- Total expenses: $103,620
- Total grants, contributions, and other support: $101,282
- Investment income and dividends: $798
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,645 | $7,890 | $113,709 |
| Revenue | $174,495 | $180,543 | $712,906 |
| Expenses | $103,620 | $210,339 | $303,609 |
| Qualifying Distributions | $98,342 | $206,564 | $301,845 |
| Net Investment Income | $73,122 | $70,790 | $310,377 |
| Distributable Amount | $461 | $1,150 | $6,923 |
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
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Navy Seal Foundation ($15,000), Rider University ($10,000), Culture Is Key ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MCCARTER THEATRE CENTER PRINCETON, NJ | ASSISTANCE FOR CHARITABLE PURPOSE | $2,000 |
| PARKINSON ASSOCIATION OF THE ROCKIES DENVER, CO | ASSISTANCE FOR CHARITABLE PURPOSE | $3,120 |
| RIDER UNIVERSITY LAWRENCEVILLE, NJ | ASSISTANCE FOR CHARITABLE PURPOSE | $10,000 |
| CULTURE IS KEY TRENTON, NJ | ASSISTANCE FOR CHARITABLE PURPOSE | $10,000 |
| DRESS FOR SUCCESS LAWRENCEVILLE, NJ | ASSISTANCE FOR CHARITABLE PURPOSE | $2,000 |
| ENERGY SHARE OF MONTANA INC HELENA, MT | ASSISTANCE FOR CHARITABLE PURPOSE | $5,000 |
| EXPLORE MARS WASHINGTON, DC | ASSISTANCE FOR CHARITABLE PURPOSE | $5,000 |
| FDNY FOUNDATION BROOKLYN, NY | ASSISTANCE FOR CHARITABLE PURPOSE | $5,000 |
| LUSTGARTEN FOUNDATION UNIONDALE, NY | ASSISTANCE FOR CHARITABLE PURPOSE | $5,000 |
| GROUNDS FOR SCULPTURE HAMILTON, NJ | ASSISTANCE FOR CHARITABLE PURPOSE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GREGORY H OLSEN | TRUSTEE | 1 | — |
| KRISTA J DIBSIE | TRUSTEE | 1 | — |
| KIMBERLY A LAPADULA | TRUSTEE | 1 | — |
Contact Information
Address: 92 Nassau Street, Floor 2, Princeton, NJ 08542-4530
Telephone: 609-466-4661
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Olsen Foundation a New Jersey fund?
The foundation's mission is to support and fund charitable organizations and programs that advance educational opportunity for: • Military service members and their families • Children with special educational needs The foundation provides targeted grantmaking and educational assistance to reduce barriers to learning and promote long-term opportunity for populations facing unique challenges. Primary funding focus areas include: • Higher education • Youth development • Social services • Support …
How do I apply for a grant from The Olsen Foundation a New Jersey?
**Grant Sizes:** Typical awards range from $1,000 to $50,000. **Recent Grant Activity:** In 2024, the foundation made 25 grants totaling $98,120. Recent grantees have included: • Navy Seal Foundation ($15,000) • Culture Is Key ($10,000) • Rider University ($10,000) • Beauty Foundation For Cancer Care **Grant Type:** Grants are designated for assistance for charitable purposes. **Application Process:** No specific application process information is available in current sources.
Where does The Olsen Foundation a New Jersey make grants?
The foundation primarily funds organizations in New Jersey, New York, and the District of Columbia.
What size grants does The Olsen Foundation a New Jersey award?
In 2024, The Olsen Foundation a New Jersey awarded 24 grants totaling $98K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Olsen Foundation a New Jersey required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Olsen Foundation a New Jersey reported a distributable amount of $461 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Olsen Foundation a New Jersey's EIN?
The Olsen Foundation a New Jersey's EIN (Employer Identification Number) is 26-0029441. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Olsen Foundation a New Jersey'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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