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Investors Charitable Foundation is a private corporation based in SUMMIT, NJ. The foundation received its IRS ruling in 2006. The principal officer is Robert M Cashill. It holds total assets of $13.1M. Annual income is reported at $1.2M. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in New Jersey and New York. According to available records, Investors Charitable Foundation has made 1,931 grants totaling $31.5M, with a median grant of $2K. Annual giving has decreased from $5M in 2020 to $2.1M in 2023. Grantmaking activity was highest in 2022 with $22.1M distributed across 882 grants. Individual grants have ranged from $250 to $17.4M, with an average award of $16K. The foundation has supported 1,366 unique organizations. The foundation primarily supports organizations in Rhode Island, New York, New Jersey, which account for 99% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$4K
Largest Grant
$50K
Based on 556 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.
Investors Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1,931 grants. Its grantmaking reaches organizations primarily in RI, NY, NJ.
Investors Charitable Foundation has distributed a total of $31.5M across 1,931 grants. The median grant size is $2K, with an average of $16K. Individual grants have ranged from $250 to $17.4M.
Investors Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Investors Charitable Foundation is headquartered in SUMMIT, NJ. While based in NJ, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rodger K Herrigel | DIR./EX.DIR. & SECRETARY | $156K | $0 | $156K |
| Vincent D Manahan Iii | DIRECTOR | $10K | $0 | $10K |
| Robert M Cashill | DIRECTOR/PRESIDENT | $10K | $0 | $10K |
| William A Tansey Iii | DIRECTOR | $10K | $0 | $10K |
| James Garibaldi | DIRECTOR | $0 | $0 | N/A |
| Domenick Cama | DIRECTOR | $0 | $0 | N/A |
| Kevin Cummings | DIR./VP & TREASURER | $0 | $0 | N/A |
Total Giving
$2.5M
Total Assets
$13M
Fair Market Value
$20.9M
Net Worth
$13M
Grants Paid
$2.1M
Contributions
N/A
Net Investment Income
$1.1M
Distribution Amount
$1.2M
Total: $12.1M
Total Grants
1,931
Total Giving
$31.5M
Average Grant
$16K
Median Grant
$2K
Unique Recipients
1,366
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stony Brook FoundationGENERAL SUPPORT | Stony Brook, NY | $50K | 2023 |
| Zoological Society Of Nj IncGENERAL SUPPORT | West Orange, NJ | $60K | 2023 |
| Ohel Chidlren'S Home & Family ServicesGENERAL SUPPORT | Brooklyn, NY | $50K | 2023 |
| New Jersey Citizen Action EducationalfundGENERAL SUPPORT | Newark, NJ | $50K | 2023 |
| Bonei Olam IncGENERAL SUPPORT | Brooklyn, NY | $50K | 2023 |
| The Brooklyn Alliance IncGENERAL SUPPORT | Brooklyn, NY | $50K | 2023 |
| New City Kids IncGENERAL SUPPORT | Jersey City, NJ | $30K | 2023 |
| Richmond University Medical CenterGENERAL SUPPORT | Staten Island, NY | $30K | 2023 |
| Saint Peter'S UniversityGENERAL SUPPORT | Jersey City, NJ | $30K | 2023 |
| Ichud Mosdos Hachinuch Of BrooklynGENERAL SUPPORT | Brooklyn, NY | $30K | 2023 |
| New Jersey Performing Arts Center CorpGENERAL SUPPORT | Newark, NJ | $25K | 2023 |
| Sage Edlercare IncGENERAL SUPPORT | Summit, NJ | $25K | 2023 |
| Project Hospitality IncGENERAL SUPPORT | Staten Island, NY | $25K | 2023 |
| Count Basie Theatre IncGENERAL SUPPORT | Red Bank, NJ | $25K | 2023 |
| Nj City University FoundationGENERAL SUPPORT | Jersey City, NJ | $25K | 2023 |
| Greater Trenton InitiativeGENERAL SUPPORT | Trenton, NJ | $25K | 2023 |
| Guardians Of The SickGENERAL SUPPORT | Brooklyn, NY | $25K | 2023 |
| Our House Foundation IncGENERAL SUPPORT | New Providence, NJ | $25K | 2023 |
| Tom Coughlin Jay Fund FoundationGENERAL SUPPORT | Bloomfield, NJ | $25K | 2023 |
| Sacred Hearts & St Stephen Roman CatholicGENERAL SUPPORT | Brooklyn, NY | $20K | 2023 |
| Rutgers University FoundationGENERAL SUPPORT | New Brunswick, NJ | $20K | 2023 |
| St Benedict'S Preparatory SchoolGENERAL SUPPORT | Newark, NJ | $20K | 2023 |
| Catholic Partnership SchoolsGENERAL SUPPORT | Cherry Hill, NJ | $20K | 2023 |
| Capital Health FoundationGENERAL SUPPORT | Pennington, NJ | $20K | 2023 |
| St Vincent AcademyGENERAL SUPPORT | Newark, NJ | $20K | 2023 |
| Holy Cross Greek Orthodox Church Of BayGENERAL SUPPORT | Brooklyn, NY | $20K | 2023 |
| Chofetz Chaim Heritage FoundationGENERAL SUPPORT | Suffern, NY | $20K | 2023 |
| Staten Island Zoological Society IncGENERAL SUPPORT | Staten Island, NY | $20K | 2023 |
| Staten Island Economic Develop Corp--GENERAL SUPPORT | Staten Island, NY | $18K | 2023 |
| Bais Tova IncGENERAL SUPPORT | Lakewood, NJ | $18K | 2023 |
| Nia Community Services Network IncGENERAL SUPPORT | Brooklyn, NY | $18K | 2023 |
| Meridian Health FoundationGENERAL SUPPORT | Neptune, NJ | $15K | 2023 |
| Summit Area YmcaGENERAL SUPPORT | Summit, NJ | $15K | 2023 |
| St John Vianney High SchoolGENERAL SUPPORT | Holmdel, NJ | $15K | 2023 |
| All Stars Project Inc-GENERAL SUPPORT | New York, NY | $15K | 2023 |
| State Theatre Regional Arts Center AtGENERAL SUPPORT | New Brunswick, NJ | $15K | 2023 |
| Chabad Of West HempsteadGENERAL SUPPORT | West Hempstead, NY | $13K | 2023 |
| Queens Centers For ProgressGENERAL SUPPORT | Jamaica, NY | $13K | 2023 |
| Paper Mill PlayhouseGENERAL SUPPORT | Millburn, NJ | $13K | 2023 |
| Sri Ramanuja Mission IncGENERAL SUPPORT | Somerset, NJ | $10K | 2023 |
| Overlook FoundationGENERAL SUPPORT | Summit, NJ | $10K | 2023 |
| Emmaus Center IncGENERAL SUPPORT | Brooklyn, NY | $10K | 2023 |
| The Greenwood GardensGENERAL SUPPORT | Short Hills, NJ | $10K | 2023 |
| Sport Club Portugues CorpGENERAL SUPPORT | Newark, NJ | $10K | 2023 |
| The Guild For Exceptional Children IncGENERAL SUPPORT | Brooklyn, NY | $10K | 2023 |
| Russian American Foundation IncGENERAL SUPPORT | New York, NY | $10K | 2023 |