Valley National Bancorp Charitable Foundation Inc
Valley National Bancorp Charitable Foundation Inc is a private foundation, based in Wayne, NJ. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grant totaling $407K. Net investment income was $94K.
Valley National Bancorp Charitable Foundation Inc at a glance
In short: Valley National Bancorp Charitable Foundation Inc gave $407K across 1 grant in 2022 (avg $407K), mostly in Kentucky. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $407,021
- +2161.2% vs 2021
- Grants made (2022)
- 1
- +0.0% vs 2021
- Average grant
- $407,021
- +2161.2% vs 2021
- Median grant
- $407,021
- Primary geography
- Kentucky (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Valley National Bancorp Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Valley Workplace Giving-Fidelity Charitable ($407K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
States
Cities
How Valley National Bancorp Charitable Foundation Inc gives
- In 2022 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 2022, annual grant giving ranged from $18K (2021) to $407K (2022). In 2022 it made 1 grant totaling $407K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Valley Workplace Giving-Fidelity Charitable Covington, KY | General charitable purposes of donee organization. | $407,021 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $93,946 | $407,036 | $407,021 | 1 | $407,021 | $93,931 | $18,076 |
| 2021 | $313,063 | $5,874 | $18,499 | $18,000 | 1 | $18,000 | $6,321 | $22,376 |
| 2020 | $325,687 | $11,142 | $18,500 | $18,500 | 2 | — | $11,142 | $18,196 |
Under IRS private-foundation payout rules, Valley National Bancorp Charitable Foundation Inc reported a distributable amount of $18K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Valley National Bancorp Charitable Foundation Inc is led by Yvonne Surowiec, President on every filing since 2020; none of the 9 officers listed in 2022 report compensation.
Officers on the 2022 filing
Yvonne Surowiec
President
On filings since 2020
0.5 hrs/week
No compensation reported
Ira Robbins
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Thomas Iadanza
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Bernadette Mueller
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Daniel McCarty
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Mark Fernandez
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Mitchell Crandell
Assistant Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Sara Palmer
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Tina Zarkadas
Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Robert Bardusch (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2022. "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 Valley National Bancorp Charitable Foundation Inc
How much does Valley National Bancorp Charitable Foundation Inc give each year?
Valley National Bancorp Charitable Foundation Inc gave $407K across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $18K across 1 grant.
Where does Valley National Bancorp Charitable Foundation Inc operate?
Valley National Bancorp Charitable Foundation Inc has awarded grants in Kentucky, New Jersey, New York.
How much is Valley National Bancorp Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Valley National Bancorp Charitable Foundation Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Valley National Bancorp Charitable Foundation Inc's EIN?
Valley National Bancorp Charitable Foundation Inc's EIN (Employer Identification Number) is 20-3760448. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Live grants for the work Valley National Bancorp Charitable Foundation Inc funds
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Browse active grant opportunities in Valley National Bancorp Charitable Foundation Inc's focus areas in our free grants database
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