The Targan Foundation
The Targan Foundation is a private foundation, based in Saddle Brook, NJ. IRS filing data is available from 2019 through 2022. In 2022, it awarded 1 grant totaling $2.4M. Net investment income was $37K.
The Targan Foundation at a glance
In short: The Targan Foundation gave $2.4M across 1 grant in 2022 (avg $2.4M), mostly in Pennsylvania. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $2,411,266
- +1686.1% vs 2021
- Grants made (2022)
- 1
- -75.0% vs 2021
- Average grant
- $2,411,266
- +7044.5% vs 2021
- Median grant
- $2,411,266
- Primary geography
- Pennsylvania (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who The Targan Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was National Philanthropic Trust ($2.4M).
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 12 grants of 15 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
Cities
How The Targan Foundation gives
- Giving grew 4264% from 2019 to 2022. Method
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $55K (2019) to $2.4M (2022). In 2022 it made 1 grant totaling $2.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust Jenkintown, PA | Charitable (See Statement 11) | $2,411,266 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $37,268 | $2,413,715 | $2,411,266 | 1 | $2,412,272 | $37,268 | $58,449 |
| 2021 | $757,880 | $54,088 | $135,028 | $135,000 | 4 | — | $63,524 | $106,681 |
| 2020 | $838,820 | $57,242 | $55,783 | $55,750 | 6 | — | $57,242 | $81,613 |
| 2019 | $837,361 | $61,757 | $57,795 | $55,250 | 4 | — | $61,561 | $94,007 |
Under IRS private-foundation payout rules, The Targan Foundation reported a distributable amount of $58K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Targan Foundation is led by Amy Lushing, President since 2021 (on filings since 2019); none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Amy Lushing
President
Vice President → President-, 2020
President- → President, 2021
On filings since 2019
0.1 hrs/week
No compensation reported
Adam Targan
Vice President
Secretary & Treasurer → Vice President, 2020
On filings since 2019
0.1 hrs/week
No compensation reported
Gloria Coppola
Secretary & Treasurer
On filings since 2021
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Ronald G. Targan (2019–2020) — President-
Data from IRS Form 990 filings, 2019–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Targan Foundation
How much does The Targan Foundation give each year?
The Targan Foundation gave $2.4M across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $135K across 4 grants.
Where does The Targan Foundation operate?
The Targan Foundation has awarded grants in Arizona, Illinois, Maryland, New Jersey, New York, Pennsylvania, Tennessee.
How much is The Targan Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, The Targan Foundation reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Targan Foundation's EIN?
The Targan Foundation's EIN (Employer Identification Number) is 22-2762662. IRS Form 990 filing data is available on this page for 2019–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 18, 2020)
- IRS filings on file for fiscal years 2020–2022
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