Torpey Charitable Foundation
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.
Torpey Charitable Foundation at a glance
In short: Torpey Charitable Foundation gave $16K across 5 grants in 2025 (avg $3K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $16,000
- +21.7% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $3,200
- +46.0% vs 2024
- Median grant
- $2,500
- Total assets
- $11,255
- -59.8% vs 2024
- Primary geography
- New Jersey (63% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Torpey Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Ranney School ($5K). Together the top 4 received $16K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3K (2020) to $29K (2021). In 2025 it made 5 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ranney School Tinton Falls, NJ | General Fund | $5,000 |
| Georgetown University Washington, DC | General Fund | $5,000 |
| CASA for Children Oakhurst, NJ | General Fund | $2,500 |
| CASA for Children Oakhurst, NJ | General Fund | $2,500 |
| Michael J Fox Parkinsons Foundation New York, NY | General Fund | $1,000 |
Ready to take the next step with Torpey Charitable Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $11,255 | $297 | $17,074 | $16,000 | 5 | $16,000 | $297 | — |
| 2024 | $28,032 | $33,130 | $14,035 | $13,150 | 6 | $13,150 | $1,130 | $388 |
| 2023 | $8,937 | $-8,511 | $5,861 | $5,000 | 1 | $5,000 | $791 | $690 |
| 2022 | $23,309 | $768 | $16,884 | $16,000 | 3 | $16,000 | $768 | $1,484 |
| 2021 | $39,425 | $650 | $29,984 | $28,500 | 3 | $28,500 | $650 | $2,200 |
| 2020 | $68,759 | $55,638 | $4,521 | $3,000 | 2 | — | $638 | $568 |
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Torpey Charitable Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Torpey Charitable Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
The LRW Charitable Trust
San Antonio, TX
Assets
$2.2M
Grants
1
Total Given
$197K
Susan R and John W Sullivan Foundation
Stuart, FL
The foundation made grants to preselected charitable organizations, with reported giving ranging from $521,390 across 79 grants in 2022 to $4,950,900 across 70 grants in 2023; it completed its final asset distribution by May 31, 2024. Its reported 2024 grant went to a Florida donor-advised fund, and it did not accept unsolicited requests.
Assets
—
Grants
1
Total Given
$276K
The Keehn Family Foundation Inc
Chevy Chase, MD
The Keehn Family Foundation supports organizations addressing food access, education, veterans’ well-being, and basic needs, with recent grants mainly in Washington, DC and Maryland and some elsewhere in the U.S. Its 2025 grants ranged from $5,000 to $40,000, with a median of $10,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$3.7M
Grants
18
Total Given
$230K
Susan Bacher Fund
Key Largo, FL
The fund supports medical, educational, charitable, and community programs, with most 2024 grant dollars going to New York and others to Florida, California, and Ohio. Its 22 grants ranged from $100 to $63,000, with a median of $10,000. It accepts only preselected organizations and does not accept unsolicited requests.
Assets
$554K
Grants
22
Total Given
$257K
Anne and Clint Kibler Foundation
Smyrna, GA
The Anne and Clint Kibler Foundation supports a broad range of causes, including veterans, animal welfare, children’s health, employment, conservation, and education. Its 2025 grants ranged from $500 to $3,500, with a median of $1,500; most grant dollars went to Georgia, with some support in other states. It does not restrict giving to preselected organizations, and applications are generally due by March 15.
Assets
$947K
Grants
35
Total Given
$60K
The Ahuja Foundation
Naples, FL
The Ahuja Foundation supports preselected charitable organizations, with 2024 grants spanning food access, health care, education, and theatre and education. Grants ranged from $2,500 to $1 million, with a median of $10,000; most funding went to Florida and Ohio. It does not accept unsolicited funding requests.
Assets
$47.3M
Grants
35
Total Given
$2.1M
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Torpey Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Torpey Charitable Foundation down — hundreds of funders to go?