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Fund For Newark Abbey Inc. is a private corporation based in NEWARK, NJ. The foundation received its IRS ruling in 2010. The principal officer is Elizabeth M Durkin. It holds total assets of $4.1M. Annual income is reported at $2.8M. The foundation is governed by 4 officers and trustees. The foundation operates in the area of religion. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Fund For Newark Abbey Inc. has made 4 grants totaling $332K, with a median grant of $55K. Annual giving has decreased from $222K in 2022 to $110K in 2023. Individual grants have ranged from $2K to $220K, with an average award of $83K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
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.
Fund For Newark Abbey Inc. primarily funds organizations in the area of religion. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NJ.
Fund For Newark Abbey Inc. has distributed a total of $332K across 4 grants. The median grant size is $55K, with an average of $83K. Individual grants have ranged from $2K to $220K.
Fund For Newark Abbey Inc. typically selects its grantees rather than accepting unsolicited proposals.
Fund For Newark Abbey Inc. is headquartered in NEWARK, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rt Rev Melvin Valvano Osb | TRUSTEE | $0 | $0 | N/A |
| Eugene O'Hara | TRUSTEE | $0 | $0 | N/A |
| Fr Augustine Curley | TRUSTEE | $0 | $0 | N/A |
| Robert Diquollo | TRUSTEE | $0 | $0 | N/A |
Total Giving
$127K
Total Assets
$3.6M
Fair Market Value
$4M
Net Worth
$3.6M
Grants Paid
$110K
Contributions
N/A
Net Investment Income
$99K
Distribution Amount
$182K
Total: $2.9M
Total Grants
4
Total Giving
$332K
Average Grant
$83K
Median Grant
$55K
Unique Recipients
2
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Benedictine Abbey Of NewarkAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | Newark, NJ | $100K | 2023 |
| St Benedict'S Preparatory School Grossman FoundationAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | Newark, NJ | $10K | 2023 |