Whelan Foundation Inc

Foundation · Grantmaker SEA GIRT, NJ EIN: 22-3321789 Website

Whelan Foundation Inc is a private foundation based in Sea Girt, New Jersey. Established in 1994, it operates as a 501(c)(3) charitable organization with no employees. The foundation focuses on grantmaking to support various charitable needs and purposes within its service areas.

Key facts about Whelan Foundation Inc

EIN: 22-3321789
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $207,775
Grants made (2024): 21
Average grant: $9,894
Median grant: $5,000
Total assets: $1,618,190
Primary geography: New Jersey (87% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated June 2026.

Who Whelan Foundation Inc funds

By grant dollars, the top recipient states for Whelan Foundation Inc's 21 itemized 2024 grants were New Jersey (87%) and Tennessee (10%). The most frequent recipient cities were Asbury Park, NJ (3 grants), Jersey City, NJ (2 grants), Sea Girt, NJ (2 grants) and Manasquan, NJ (2 grants). None of its 21 grants with a stated purpose were described as general or operating support. Recurring purposes include "Various Charitable Needs" (14 grants).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

-15.1% YoY

Annual Giving

$208K

+2.4% YoY

Grant Count

+31.3% YoY

Avg Grant Size

$10K

-22.0% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding priorities include:

Education: Tuition assistance for poor students and college funding support
Community Services: Food bank support and assistance to the homeless
Human Services: General charitable needs and purposes
Catholic Agencies: Support for Catholic-affiliated organizations

The foundation has a particular emphasis on community projects and educational aid to economically disadvantaged students.

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

New Jersey
New York
Tennessee

With particular emphasis on Monmouth County, New Jersey.

Grant Distribution by State

New Jersey $870K (92%)

Tennessee $60K (6%)

New York $8K (1%)

Massachusetts $4K (0%)

Nebraska $100 (0%)

States

Massachusetts Nebraska New Jersey New York Tennessee

Cities

Asbury ParkJersey CityManasquanSea GirtBerlinLakewoodToms RiverUnionWickatunkNeptuneNew YorkSpring LakeWatertownMemphisLong ValleyNew York CityBoys TownStaten Island

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $1,618,190
Total Giving: $207,775
Total Revenues: $3,819
Total Expenses: $261,347
Investment Income and Dividends: $83,691

As of December 2023:

Total Assets: $1.9 million
Total Revenue: $97,400

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,618,190	$1,906,950	$1,927,799
Revenue	$3,819	$97,392	$168,371
Expenses	$261,347	$234,802	$197,420
Qualifying Distributions	$207,775	$203,000	$192,800
Net Investment Income	$83,691	$85,286	$159,003
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

92 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Make a Wish Foundation ($50,000), Georgian Court University ($20,000), Saint Peter's University ($20,000).

Recipient	Purpose	Amount
MAKE A WISH FOUNDATION UNION, NJ	VARIOUS CHARITABLE NEEDS	$50,000
GEORGIAN COURT UNIVERSITY LAKEWOOD, NJ	FUNDING COLLEGE FUNDS FOR THE POOR	$20,000
SAINT PETER'S UNIVERSITY JERSEY CITY, NJ	CHALLANGE GRANT FOR COMMUNITY PROJECTS	$20,000
SAINT PETER'S PREP JERSEY CITY, NJ	TUITION ASSISTANCE FOR POOR STUDENTS	$20,000
ST JUDE HOSPITAL MEMPHIS, TN	VARIOUS CHARITABLE NEEDS	$20,000
OUR LADY OF MT CARMEL SCHOOL BERLIN, NJ	VARIOUS CHARITABLE NEEDS	$16,500
MERCY CENTER ASBURY PARK, NJ	DONATION USED TO SUPPORT A FOOD BANK FOR THE HOMELESS	$15,000
FULFILL NEPTUNE, NJ	VARIOUS CHARITABLE NEEDS	$15,000
SAINT MARK'S CHURCH SEA GIRT, NJ	VARIOUS CHARITABLE NEEDS	$5,000
COLLIER SERVICES WICKATUNK, NJ	VARIOUS CHARITABLE NEEDS	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARGARET WHELAN	President	—	—
THOMAS WHELAN JR	Trustee	—	—
JON WHELAN	Trustee	—	—
KATHERINE WHELAN	Director	—	$25,000
PATRICK WHELAN	Director	—	$25,000

Frequently Asked Questions

What does Whelan Foundation Inc fund?

The foundation's primary funding priorities include: • **Education**: Tuition assistance for poor students and college funding support • **Community Services**: Food bank support and assistance to the homeless • **Human Services**: General charitable needs and purposes • **Catholic Agencies**: Support for Catholic-affiliated organizations The foundation has a particular emphasis on community projects and educational aid to economically disadvantaged students.

How do I apply for a grant from Whelan Foundation Inc?

**Grant Characteristics:** • Typical award range: $100–$50,000 • Recent annual grant activity: Made 20 grants in 2024 **Recent Grants (2024):** • Georgian Court University: $20,000 (Funding College Funds for the Poor) • Saint Peter's University: $20,000 (Challenge Grant for Community Projects) • Mercy Center Corporation: $15,000 (Food Bank Support for the Homeless)