The Terrance W & Charlene T Connolly Foundationinc
The Terrance W & Charlene T Connolly Foundationinc is a private foundation, based in Cedar Grove, NJ. IRS filing data is available from 2022 through 2026. As of 2026, the organization holds $1.3M in total assets. In 2026, it awarded 4 grants totaling $58K. Net investment income was $230K.
The Terrance W & Charlene T Connolly Foundationinc at a glance
In short: The Terrance W & Charlene T Connolly Foundationinc gave $58K across 4 grants in 2026 (avg $14K), mostly in New Jersey. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $57,500
- Grants made (2026)
- 4
- Average grant
- $14,375
- Median grant
- $13,500
- Total assets
- $1,339,365
- Primary geography
- New Jersey (52% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 2026.
Who The Terrance W & Charlene T Connolly Foundationinc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2026
The largest 2026 recipient was The Montclair Foundation ($30K). Together the top 4 received $58K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 4 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2026, annual grant giving ranged from $35K (2024) to $58K (2026). In 2026 it made 4 grants totaling $58K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Montclair Foundation Montclair, NJ | General Use Donation | $30,000 |
| Westport Land Conservation Wesport, MA | General Use Donation | $22,000 |
| Collagen 6 - COL6 Fund Westport, MA | General Use Donation | $5,000 |
| Monroe County YMCA Rochester, NY | General Use Donation | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,339,365 | $249,135 | $58,334 | $57,500 | 4 | $57,500 | $229,617 | — |
| 2024 | $888,118 | $662,889 | $35,203 | $35,000 | Total only | $35,203 | $274,100 | — |
| 2023 | $260,432 | $260,432 | — | — | — | — | — | $655 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Leadership & Key People
Officers and directors from IRS filings
The Terrance W & Charlene T Connolly Foundationinc is led by Terrance W. Connolly, President on every filing since 2022; none of the 4 officers listed in 2026 report compensation.
Officers on the 2026 filing
Terrance W. Connolly
President
On filings since 2022
No compensation reported
Allison Oishi
Secretary
On filings since 2022
No compensation reported
Charlene Connolly
Treasurer
On filings since 2022
No compensation reported
Eric Oishi
Vice President
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2022–2026. "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 Terrance W & Charlene T Connolly Foundationinc
How much does The Terrance W & Charlene T Connolly Foundationinc give each year?
The Terrance W & Charlene T Connolly Foundationinc gave $58K across 4 grants in 2026, according to its 2026 IRS Form 990-PF.
What is The Terrance W & Charlene T Connolly Foundationinc's typical grant size?
The Terrance W & Charlene T Connolly Foundationinc's median grant in 2026 was $13,500, and its average grant was $14,375, across 4 grants on its 2026 IRS Form 990-PF.
Where does The Terrance W & Charlene T Connolly Foundationinc give grants?
The Terrance W & Charlene T Connolly Foundationinc gives mostly in New Jersey: 52% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (47%).
Does The Terrance W & Charlene T Connolly Foundationinc give general operating support?
Yes: 100% of The Terrance W & Charlene T Connolly Foundationinc's 2026 grants with a stated purpose (4 of 4) were for general or operating support, per its 2026 IRS Form 990-PF.
How large is The Terrance W & Charlene T Connolly Foundationinc?
The Terrance W & Charlene T Connolly Foundationinc reported $1.3M in total assets on its 2026 IRS Form 990-PF. Its revenue that year was $249K.
What is The Terrance W & Charlene T Connolly Foundationinc's EIN?
The Terrance W & Charlene T Connolly Foundationinc's EIN (Employer Identification Number) is 87-3734372. IRS Form 990 filing data is available on this page for 2022–2026.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 19, 2024)
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 2, 2026)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work The Terrance W & Charlene T Connolly Foundationinc funds
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