Trust for the Benefit of Charitable
Trust for the Benefit of Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $916K in total assets. In 2024, it awarded 7 grants totaling $44K. Net investment income was $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$916K
+1.0% YoY
Annual Giving
$44K
-6.2% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$6K
+7.2% YoY
Under IRS private-foundation payout rules, Trust for the Benefit of Charitable reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About Trust for the Benefit of Charitable
Based on IRS filings
Trust for the Benefit of Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $916K in total assets. In 2024, it awarded 7 grants totaling $44K. Net investment income was $50K.
Focus Areas
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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 | $916,190 | $907,329 | $919,062 |
| Revenue | $63,453 | $45,452 | $23,010 |
| Expenses | $54,551 | $56,672 | $51,199 |
| Qualifying Distributions | $50,314 | $53,029 | $46,373 |
| Net Investment Income | $50,412 | $33,084 | $15,056 |
| Distributable Amount | $54,237 | $50,189 | $51,793 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Metropolitan Opera Association ($20,000), Wagner Free Institute of Science ($5,500), Musicopia ($5,500).
| Recipient | Purpose | Amount |
|---|---|---|
| METROPOLITAN OPERA ASSOCIATION NEW YORK, NY | MET OPERA HD LIVE PROGRAM | $20,000 |
| YIVO INSTITUTE FOR JEWISH RESEARCH NEW YORK, NY | UNRESTRICTED GENERAL | $3,000 |
| WAGNER FREE INSTITUTE OF SCIENCE PHILADELPHIA, PA | EDUCATIONAL PROGRAMS | $5,500 |
| PHILADELPHIA OPERA PHILADELPHIA, PA | UNRESTRICTED GENERAL | $2,100 |
| MUSICOPIA PHILADELPHIA, PA | UNRESTRICTED GENERAL | $5,500 |
| STUDENT PARTNER ALLIANCE SUMMIT, NJ | UNRESTRICTED GENERAL | $4,500 |
| PORTLAND OPERA ASSOC INC PORTLAND, OR | UNRESTRICTED GENERAL | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA W CELONA | CO-TTEE | 2 | — |
| TOBY W RUDA | CO-TTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Trust for the Benefit of Charitable?
Trust for the Benefit of Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $916K in total assets as of 2024.
How large is Trust for the Benefit of Charitable?
As of 2024, Trust for the Benefit of Charitable holds $916K in total assets with $63K in annual revenue. It awarded 7 grants totaling $44K in 2024.
Where does Trust for the Benefit of Charitable operate?
Trust for the Benefit of Charitable has awarded grants in California, New Jersey, New York, Oregon, Pennsylvania.
What size grants does Trust for the Benefit of Charitable award?
In 2024, Trust for the Benefit of Charitable awarded 7 grants totaling $44K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Trust for the Benefit of Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Trust for the Benefit of Charitable reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Trust for the Benefit of Charitable's EIN?
Trust for the Benefit of Charitable's EIN (Employer Identification Number) is 81-6353323. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Trust for the Benefit of Charitable's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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