Valley National Bancorp Educational Foundation Inc

Foundation · Grantmaker Morristown, NJ EIN: 22-3705689

Valley National Bancorp Educational Foundation Inc is a private foundation, based in Morristown, NJ. IRS filing data is available for 2025. In 2025, it awarded 8 grants totaling $106K. Net investment income was $31.

Key facts about Valley National Bancorp Educational Foundation Inc

In short: Valley National Bancorp Educational Foundation Inc gave $106K across 8 grants in 2025 (avg $13K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.

EIN
22-3705689
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$106,010
Grants made (2025)
8
Average grant
$13,251
Median grant
$10,000
Primary geography
New Jersey (81% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$106K

Grant Count

8

Avg Grant Size

$13K

Under IRS private-foundation payout rules, Valley National Bancorp Educational Foundation Inc reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.

How Valley National Bancorp Educational Foundation Inc gives

  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 8 itemized 2025 grant dollars.

Cities

NewarkElmwood ParkMahwahMiamiMorristownPassaicTampa

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K8 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2025

Morris Educational Foundation: $25KMorris Educational Foundation$25KLead Charter School: $20KLead Charter School$20KRamapo College Foundation: $11KRamapo College Foundation$11KFoundation at NJIT: $10KFoundation at NJIT$10KCare Elementary School: $10KCare Elementary School$10KPaterson Charter School for Science and Technology: $10KPaterson Charter School forScience and Technology$10KHillsborough Educational Foundation: $10KHillsborough EducationalFoundation$10KPassaic Board of Education: $10KPassaic Board of Education$10K

Grant Size Distribution

8 grants across all recorded years

8<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
MORRIS EDUCATIONAL FOUNDATION Morristown, NJTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$25,000
LEAD CHARTER SCHOOL Newark, NJTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$20,000
RAMAPO COLLEGE FOUNDATION Mahwah, NJTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$11,010
Foundation at NJIT Newark, NJTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$10,000
CARE ELEMENTARY SCHOOL Miami, FLTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$10,000
PATERSON CHARTER SCHOOL FOR SCIENCE AND TECHNOLOGY Elmwood Park, NJTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$10,000
HILLSBOROUGH EDUCATIONAL FOUNDATION Tampa, FLTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$10,000
PASSAIC BOARD OF EDUCATION Passaic, NJTO SUPPORT THE ORGANIZATIONS MISSION OF EDUCATION$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2025
Metric2025
Total Assets—
Revenue$31
Expenses$106,010
Qualifying Distributions$106,010
Net Investment Income$31
Distributable Amount$4,819

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)

Leadership & Key People

Officers and directors from IRS filings

Valley National Bancorp Educational Foundation Inc is led by Yvonne Surowiec, President on the 2025 filing; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Yvonne Surowiec

    President

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

  • Ira Robbins

    Director

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

  • Bernadette Mueller

    Vice President

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

  • Mitchell Crandell

    Treasurer

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 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 Valley National Bancorp Educational Foundation Inc

How much does Valley National Bancorp Educational Foundation Inc give each year?

Valley National Bancorp Educational Foundation Inc gave $106K across 8 grants in 2025, according to its 2025 IRS Form 990-PF.

What is Valley National Bancorp Educational Foundation Inc's typical grant size?

Valley National Bancorp Educational Foundation Inc's median grant in 2025 was $10,000, and its average grant was $13,251, across 8 grants on its 2025 IRS Form 990-PF.

Where does Valley National Bancorp Educational Foundation Inc give grants?

Valley National Bancorp Educational Foundation Inc gives mostly in New Jersey: 81% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (19%). The most frequent recipient cities were Newark, NJ (2 grants).

Does Valley National Bancorp Educational Foundation Inc give general operating support?

Not in 2025: none of the 8 grants with a stated purpose on Valley National Bancorp Educational Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Support the Organizations Mission of Education" (8 grants).

Who are Valley National Bancorp Educational Foundation Inc's largest grantees?

Valley National Bancorp Educational Foundation Inc's largest 2025 grantees include Morris Educational Foundation ($25,000), Lead Charter School ($20,000) and Ramapo College Foundation ($11,010), according to its 2025 IRS Form 990-PF. Together they received 53% of its itemized 2025 grant dollars.

How much is Valley National Bancorp Educational Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Valley National Bancorp Educational Foundation Inc reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Valley National Bancorp Educational Foundation Inc's EIN?

Valley National Bancorp Educational Foundation Inc's EIN (Employer Identification Number) is 22-3705689. IRS Form 990 filing data is available on this page for 2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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