Torcivia Family Foundation
The Torcivia Family Foundation is a private foundation based in Red Bank, New Jersey. The foundation reflects the philanthropic interests of the Torcivia family, a prominent New Jersey business family with deep roots in the construction industry.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.2M
-12.5% YoY
Annual Giving
$559K
+5.4% YoY
Grant Count
24
+41.2% YoY
Avg Grant Size
$23K
-25.4% YoY
Under IRS private-foundation payout rules, Torcivia Family Foundation reported a distributable amount of $142K for 2025 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation awarded a **$1 million grant to Seton Hall University**, demonstrating significant support for higher education institutions.
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Geographic Focus
Where this funder awards grants
The foundation operates primarily in New Jersey, with a particular connection to the Red Bank area and surrounding communities in Monmouth County.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Based on the most recent IRS Form 990 filing (2024):
- Total Assets: $2,502,055
- Total Giving: $530,730
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,189,698 | $2,502,055 | $2,811,685 |
| Revenue | $250,068 | $225,269 | $206,296 |
| Expenses | $562,425 | $534,899 | $609,953 |
| Qualifying Distributions | $560,125 | $532,065 | $601,500 |
| Net Investment Income | $247,945 | $222,435 | $203,846 |
| Distributable Amount | $142,341 | $147,860 | $165,595 |
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 2025
Grant Size Distribution
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Seton Hall University ($210,000), The Cooper Foundation ($75,000), Monmouth University ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRUCE SPRINGSTEEN ARCHIVES & CENTERS FOR AMERICAN MUSIC WEST LONG BRANCH, NJ | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $27,000 |
| CHILDREN'S SPECIALIZED HOSPITAL MOUNTAINSIDE, NJ | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $10,000 |
| HACKENSACK MERIDIAN HEALTH INC EDISON, NJ | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $10,000 |
| HAMILTON COLLEGE CLINTON, NY | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $1,000 |
| HUDSON FARM ANDOVER, NJ | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $6,000 |
| HUMANE HORSE HANDLING BLACKSBURG, VA | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $1,000 |
| JUPITER MEDICAL CENTER JUPITER, FL | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $7,500 |
| LEHIGH UNIVERSITY BETHLEHEM, PA | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $2,000 |
| MONMOUTH UNIVERSITY WEST LONG BRANCH, NJ | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $50,000 |
| NJ CHAMBER OF COMMERCE TRENTON, NJ | UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is connected to the Torcivia family, including:
Benedict J. Torcivia, Jr. – Co-President of Torcon, Inc. (the family's construction management and general contracting company). He was named one of Monmouth University's 2015 Distinguished Business Leaders and serves on the Riverview Medical Center Foundation Board of Trustees.
Joseph A. Torcivia – Co-President of Torcon, Inc., also named one of Monmouth University's 2015 Distinguished Business Leaders.
Benedict J. Torcivia Sr. (1930-2012) – Founder and chairman of Torcon, Inc., established in 1965. The foundation was established in his memory, with an endowed scholarship created at Monmouth University's Leon Hess Business School in his name.
Robert Torcivia & Michelle Torcivia Madsen – Family members involved in philanthropic planning and strategy.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BENEDICT TORCIVIA JR | CO-PRESIDENT & SECRETARY | 10 | — |
| JOSEPH TORCIVIA | CO-PRESIDENT & TREASURER | 10 | — |
Recent Grantmaking Activity
Recent developments and announcements
The foundation awarded a **$1 million grant to Seton Hall University**, demonstrating significant support for higher education institutions.
Seton Hall gets $1M grant from Torcivia Family Foundation - NJBIZFrequently Asked Questions
How do I apply for a grant from Torcivia Family Foundation?
The foundation awarded a **$1 million grant to Seton Hall University**, demonstrating significant support for higher education institutions.
Where does Torcivia Family Foundation make grants?
The foundation operates primarily in New Jersey, with a particular connection to the Red Bank area and surrounding communities in Monmouth County.
What size grants does Torcivia Family Foundation award?
In 2025, Torcivia Family Foundation awarded 24 grants totaling $559K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Torcivia Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Torcivia Family Foundation reported a distributable amount of $142K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Torcivia Family Foundation's EIN?
Torcivia Family Foundation's EIN (Employer Identification Number) is 52-1571994. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Torcivia Family Foundation'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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