Torpey Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 6 grants totaling $13K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28K
+213.7% YoY
Annual Giving
$13K
+163.0% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$2K
-56.2% YoY
Under IRS private-foundation payout rules, Torpey Charitable Foundation reported a distributable amount of $388 for 2024 — the minimum it must pay out in qualifying distributions.
About Torpey Charitable Foundation
Based on IRS filings
Torpey Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 6 grants totaling $13K. Net investment income was $1K.
Focus Areas
Ready to take the next step with Torpey Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,032 | $8,937 | $23,309 |
| Revenue | $33,130 | $-8,511 | $768 |
| Expenses | $14,035 | $5,861 | $16,884 |
| Qualifying Distributions | $13,150 | $5,000 | $16,000 |
| Net Investment Income | $1,130 | $791 | $768 |
| Distributable Amount | $388 | $690 | $1,484 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Georgetown University ($5,000), Ranney School ($2,500), Ranney School ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| RANNEY SCHOOL TINTON FALLSW, NJ | GENERAL FUND | $2,500 |
| RANNEY SCHOOL TINTON FALLS, NJ | GENERAL FUND | $2,500 |
| CASA FOR CHILDREN OAKHURST, NJ | GENERAL FUND | $1,000 |
| CASA FOR CHILDREN OAKHURST, NJ | GENERAL FUND | $150 |
| NY ROAD RUNNERS TEAM FOR KIDS NEW YORK, NY | GENERAL FUND | $2,000 |
| GEORGETOWN UNIVERSITY WASHINGTON, DC | GENERAL FUND | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN TORPEY | Trustee | — | — |
| KAREN TORPEY | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Torpey Charitable Foundation?
Torpey Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLTS NECK, NJ. It holds $28K in total assets as of 2024.
How large is Torpey Charitable Foundation?
As of 2024, Torpey Charitable Foundation holds $28K in total assets with $33K in annual revenue. It awarded 6 grants totaling $13K in 2024.
Where does Torpey Charitable Foundation operate?
Torpey Charitable Foundation has awarded grants in Connecticut, District of Columbia, Kansas, New Jersey, New York.
What size grants does Torpey Charitable Foundation award?
In 2024, Torpey Charitable Foundation awarded 6 grants totaling $13K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Torpey Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Torpey Charitable Foundation reported a distributable amount of $388 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Torpey Charitable Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
The William & Phyllis Mack Family
FORT LEE, NJ
Assets
$5.9M
Grants
53
Total Given
$3.2M
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Torpey Charitable Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Torpey Charitable Foundation to a real strategy.