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Ernest Schacht Fund is a private trust based in PARAMUS, NJ. The foundation received its IRS ruling in 2004. The principal officer is Valley National Bank. It holds total assets of $1.4M. Annual income is reported at $473K. Total assets have grown from $1M in 2011 to $1.4M in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. Funding is distributed across 4 states, including New Jersey, New York, Pennsylvania. According to available records, Ernest Schacht Fund has made 36 grants totaling $474K, with a median grant of $13K. Annual giving has grown from $98K in 2023 to $375K in 2024. Individual grants have ranged from $5K to $21K, with an average award of $13K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in New Jersey, New York, District of Columbia, which account for 89% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$7K
Median Grant
$7K
Average Grant
$7K
Largest Grant
$13K
Based on 10 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Ernest Schacht Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in NJ, NY, DC.
Ernest Schacht Fund has distributed a total of $474K across 36 grants. The median grant size is $13K, with an average of $13K. Individual grants have ranged from $5K to $21K.
Ernest Schacht Fund typically selects its grantees rather than accepting unsolicited proposals.
Ernest Schacht Fund is headquartered in PARAMUS, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Valley National Bank Trust Co | TRUSTEE | $19K | $0 | $19K |
Total Giving
$212K
Total Assets
$1.4M
Fair Market Value
$1.7M
Net Worth
$1.4M
Grants Paid
$188K
Contributions
N/A
Net Investment Income
$142K
Distribution Amount
$170K
Total: $1.4M
Total Grants
36
Total Giving
$474K
Average Grant
$13K
Median Grant
$13K
Unique Recipients
9
Most Common Grant
$5K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Girl ScoutsGENERAL OPERATING FUNDS | Riverdale, NJ | $21K | 2024 |
| The Salvation Army Richard D Allen AsstGENERAL OPERATING FUNDS | West Nyack, NY | $21K | 2024 |
| American Red CrossGENERAL OPERATING FUNDS | Washington, DC | $21K | 2024 |
| Greater Passaic Clifton Community CenterUNRESTRICTED - GENERAL | Passaic, NJ | $21K | 2024 |
| Childrens Day Nursery & Family CtrGENERAL OPERATING FUNDS | Passaic, NJ | $21K | 2024 |
| Boys & Girls Club Of PatersonUNRESTRICTED - GENERAL | Paterson, NJ | $21K | 2024 |
| Enrichment Center For Women Children &GENERAL OPERATING FUNDS | Paterson, NJ | $21K | 2024 |
| Passaic Home & Orphan Asylum Rev TuaUNRESTRICTED - GENERAL | Pittsburgh, PA | $21K | 2024 |
| Boy Scouts Of AmericaGENERAL OPERATING FUNDS | Oakland, NJ | $21K | 2024 |