Torpey Charitable Foundation

Private foundation · Grantmaker Colts Neck, NJ EIN: 20-5620042

Torpey Charitable Foundation is a private foundation, based in Colts Neck, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $11K in total assets. In 2025, it awarded 5 grants totaling $16K. Net investment income was $297.

Key facts about Torpey Charitable Foundation

In short: Torpey Charitable Foundation gave $16K across 5 grants in 2025 (avg $3K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.

EIN
20-5620042
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$16,000
Grants made (2025)
5
Average grant
$3,200
Median grant
$2,500
Total assets
$11,255
Primary geography
New Jersey (63% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$11K

-59.8% YoY

Annual Giving

$16K

+21.7% YoY

Grant Count

5

-16.7% YoY

Avg Grant Size

$3K

+46.0% YoY

How Torpey Charitable Foundation gives

  • Giving held roughly steady from 2022 to 2025 (+0%). Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

WashingtonOakhurstTinton FallsNew YorkColts NeckNorwalkTinton FallswTopekaWest Long Branch

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K2 grants2020 3 grants2021 3 grants2022 1 grant2023 6 grants2024 5 grants2025

From 2020 to 2025, annual grant giving ranged from $3K (2020) to $29K (2021). In 2025 it made 5 grants totaling $16K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Ranney School: $5KRanney School$5KCASA for Children: $5K across 2 grantsCASA for Children$5K · 2 grantsGeorgetown University: $5KGeorgetown University$5KMichael J Fox Parkinsons Foundation: $1KMichael J Fox ParkinsonsFoundation$1K

The largest 2025 recipient was Ranney School ($5K). Together the top 4 received $16K.

Grant Size Distribution

18 grants across all recorded years

18<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 18 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Ranney School Tinton Falls, NJGeneral Fund$5,000
Georgetown University Washington, DCGeneral Fund$5,000
CASA for Children Oakhurst, NJGeneral Fund$2,500
CASA for Children Oakhurst, NJGeneral Fund$2,500
Michael J Fox Parkinsons Foundation New York, NYGeneral Fund$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$11,255$28,032$8,937
Revenue$297$33,130$-8,511
Expenses$17,074$14,035$5,861
Qualifying Distributions$16,000$13,150$5,000
Net Investment Income$297$1,130$791
Distributable Amount—$388$690

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Torpey Charitable Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Brian Torpey

    Trustee

    On filings since 2020

    No compensation reported

  • Karen Torpey

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Torpey Charitable Foundation

How much does Torpey Charitable Foundation give each year?

Torpey Charitable Foundation gave $16K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 6 grants.

What is Torpey Charitable Foundation's typical grant size?

Torpey Charitable Foundation's median grant in 2025 was $2,500, and its average grant was $3,200, across 5 grants on its 2025 IRS Form 990-PF.

Where does Torpey Charitable Foundation give grants?

Torpey Charitable Foundation gives mostly in New Jersey: 63% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (31%) and New York (6%). The most frequent recipient cities were Oakhurst, NJ (2 grants).

Does Torpey Charitable Foundation give general operating support?

Yes: 100% of Torpey Charitable Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Torpey Charitable Foundation's largest grantees?

Torpey Charitable Foundation's largest 2025 grantees include Ranney School ($5,000), CASA for Children ($5,000 across 2 grants) and Georgetown University ($5,000), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.

How large is Torpey Charitable Foundation?

Torpey Charitable Foundation reported $11K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $297.

What is Torpey Charitable Foundation's EIN?

Torpey Charitable Foundation's EIN (Employer Identification Number) is 20-5620042. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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