Valley National Bancorp Charitable

WAYNE, NJ EIN: 20-3760448

Valley National Bancorp Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, NJ. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grants totaling $407K. Net investment income was $94K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$407K

+2161.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$407K

+2161.2% YoY

Under IRS private-foundation payout rules, Valley National Bancorp Charitable reported a distributable amount of $18K for 2022 — the minimum it must pay out in qualifying distributions.

About Valley National Bancorp Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $407K (92%)

New York $36K (8%)

New Jersey $1K (0%)

States

Kentucky New Jersey New York

Cities

CovingtonFlushingHackensack

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$313,063	$325,687
Revenue	$93,946	$5,874	$11,142
Expenses	$407,036	$18,499	$18,500
Qualifying Distributions	$407,021	$18,000	—
Net Investment Income	$93,931	$6,321	$11,142
Distributable Amount	$18,076	$22,376	$18,196

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2022

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Valley Workplace Giving-Fidelity Charitable ($407,021).

Recipient	Purpose	Amount
Valley Workplace Giving-Fidelity Charitable Covington, KY	General charitable purposes of donee organization.	$407,021

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
Ira Robbins	Director	0.5	—
Thomas Iadanza	Director	0.5	—
Yvonne Surowiec	President	0.5	—
Bernadette Mueller	Vice President	0.5	—
Mark Fernandez	Vice President	0.5	—
Sara Palmer	Vice President	0.5	—
Daniel McCarty	Vice President	0.5	—
Tina Zarkadas	Treasurer	0.5	—
Mitchell Crandell	Assistant Treasurer	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Valley National Bancorp Charitable?

Valley National Bancorp Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, NJ. It holds — in total assets as of 2022.

Where does Valley National Bancorp Charitable operate?

Valley National Bancorp Charitable has awarded grants in Kentucky, New Jersey, New York.

What size grants does Valley National Bancorp Charitable award?

In 2022, Valley National Bancorp Charitable awarded 1 grants totaling $407K — an average of about $407K per grant, based on its IRS Form 990 filings.

How much is Valley National Bancorp Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Valley National Bancorp Charitable 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's EIN?

Valley National Bancorp Charitable's EIN (Employer Identification Number) is 20-3760448. IRS Form 990 filing data is available on this page for 2020–2022.