The Provident Bank Foundation
The Provident Bank Foundation is a private grantmaking foundation established in 2003 and headquartered in Iselin, New Jersey. As a company-sponsored foundation, it operates as a 501(c)(3) nonprofit organization dedicated to creating lasting positive impact in the communities served by Provident Bank. Since its inception, the foundation has granted more than $30 million in funding support across its service markets.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.6M
+0.4% YoY
Annual Giving
$884K
-31.0% YoY
Grant Count
97
-6.7% YoY
Avg Grant Size
$9K
-26.1% YoY
Mission & Focus Areas
The foundation's mission is to invest in marginalized communities within Provident Bank's branch network by collaborating with nonprofit organizations that align with its values. The foundation empowers individuals on their paths to economic self-sufficiency by addressing the multifaceted issues that perpetuate the cycle of poverty.
Primary funding focus areas include:
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
- Community enrichment
- Health
- Youth and families
Grantmaking
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Geographic Focus
Where this funder awards grants
The Provident Bank Foundation concentrates its grantmaking in three states:
- New Jersey
- Pennsylvania
- New York
Funding is limited to nonprofit organizations located within Provident Bank's branch network in these regions.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $16,636,606
Total Annual Giving: $884,445 (2024)
Revenue: $1.11 million (2023)
Expenses: $1.79 million (2023)
Total Liabilities: $0 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,636,606 | $16,569,534 | $19,570,805 |
| Revenue | $1,401,866 | $1,108,629 | $1,774,484 |
| Expenses | $1,522,461 | $1,788,965 | $2,338,232 |
| Qualifying Distributions | $1,446,210 | $1,701,749 | $2,238,501 |
| Net Investment Income | $1,341,960 | $1,044,781 | $1,715,566 |
| Distributable Amount | $753,993 | $815,778 | $1,046,300 |
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
Open Grants
1 open opportunity from The Provident Bank Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation employs 2 staff members:
- Kristy K — Program Director
- Samantha Plotino — Vice President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR CARLOS HERNANDEZ PHD | FORMER CHAIRMAN | 1 | — |
| CHRISTOPHER MARTIN | CHAIRMAN, PRESIDENT AND DIRECTOR | 2 | — |
| JOHN KUNTZ | FORMER SECRETARY | 2 | — |
| CARMINE TORRECUSO SEE STMT 8 | TREASURER | 5 | $17,792 |
| SAMANTHA PLOTINO SEE STMT 8 | V.P. & EXECUTIVE DIRECTOR | 37.5 | $131,810 |
| KAREN MCMULLEN | DIRECTOR | 1 | $4,000 |
| JEFFRIES SHEIN | DIRECTOR | 1 | $4,000 |
| MARY LOUIS FESTA | SECRETARY | 2 | — |
| THOMAS SHARA | DIRECTOR | 1 | — |
| DEFOREST SOARIES | DIRECTOR | 1 | $1,000 |
Recent News & Activity
Recent developments and announcements
The foundation announced additional grants in January 2026, providing $50,000 in grants to five nonprofit organizations.
Provident Bank Announces an Additional $50,000 in Grants to 5 Non-ProfitThe foundation announced its 2025 Empowerment Grant recipients, representing the continuation of its multi-year grant program supporting nonprofit partners aligned with its mission.
Provident Bank Announces an Additional $50,000 in Grants to 5 Non-ProfitThe foundation operates a 2026 grant cycle with published application guidelines and maintains an active grantmaking program.
2026 Grant Cycle - The Provident Bank FoundationSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Provident Bank Foundation on Grantable?
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