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Kearnybank Foundation Inc. is a private corporation based in FAIRFIELD, NJ. The foundation received its IRS ruling in 2016. The principal officer is % Craig L Montanaro. It holds total assets of $9.5M. Annual income is reported at $3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Kearnybank Foundation Inc. has made 384 grants totaling $2.9M, with a median grant of $5K. The foundation has distributed between $668K and $1.5M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $1.5M distributed across 188 grants. Individual grants have ranged from $1K to $140K, with an average award of $8K. The foundation has supported 172 unique organizations. Grants have been distributed to organizations in New Jersey and New York and Florida. Contributions to this foundation are tax-deductible.
Kearnybank Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 384 grants. Its grantmaking reaches organizations primarily in NJ, NY, FL.
Kearnybank Foundation Inc. has distributed a total of $2.9M across 384 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $1K to $140K.
THE ORGANIZATION APPLYING MUST BE A PUBLIC CHARITY AS DEFINED UNDER THE INTERNAL REVENUE CODE AND MEET APPLICATION REGULATIONS. THE ORGANIZATION MUST BE LOCATED IN BERGEN, ESSEX, HUDSON, MIDDLESEX, MORRIS, MONMOUTH, OCEAN, PASSAIC OR UNION COUNTIES IN NEW JERSEY OR KINGS OR RICHMOND COUNTIES IN NEW YORK.
Kearnybank Foundation Inc. is headquartered in FAIRFIELD, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Mazur | DIRECTOR | $0 | $0 | $0 |
| Leo Montanaro | DIRECTOR | $0 | $0 | $0 |
| Keith Suchodolski | DIRECTOR | $0 | $0 | $0 |
| Dr Joseph Mazza | DIRECTOR | $0 | $0 | $0 |
| Gail Corrigan | DIRECTOR | $0 | $0 | $0 |
Total Giving
$752K
Total Assets
$10.3M
Fair Market Value
$10.3M
Net Worth
$10.3M
Grants Paid
$668K
Contributions
$0
Net Investment Income
$330K
Distribution Amount
$473K
Total: $4.4M
Total Grants
384
Total Giving
$2.9M
Average Grant
$8K
Median Grant
$5K
Unique Recipients
172
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Junior Achievement Of New JerseyEDUCATION | Edison, NJ | $140K | 2023 |
| Meadowlands Area YmcaCOMMUNITY | East Rutherford, NJ | $30K | 2023 |
| Habitat For Humanity Of Morris CountyHOUSING | Randolph, NJ | $25K | 2023 |
| Fairleigh Dickinson UniversityEDUCATION | Teaneck, NJ | $25K | 2023 |
| Historical Society Of Ocean GroveCOMMUNITY | Ocean Grove, NJ | $20K | 2023 |
| John Hopkins |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Craig L Montanaro | DIRECTOR, PRESIDENT, SECRETARY | $0 | $0 | $0 |
| Catherine Milone | DIRECTOR | $0 | $0 | $0 |
| National Council Of Jewish Women Essex CountyCOMMUNITY | Livingston, NJ | $18K | 2023 |
| Youth Consultation ServiceQUALITY OF LIFE | Hackensack, NJ | $16K | 2023 |
| Habcore IncHOUSING | Red Bank, NJ | $15K | 2023 |
| Habitat For Humanity Of Northern OceanHOUSING | Paterson, NJ | $15K | 2023 |
| Studentpartner AllianceEDUCATION | Summit, NJ | $12K | 2023 |
| Axelrod Performing Arts CenterCOMMUNITY | Deal Park, NJ | $10K | 2023 |
| Girl Scouts Of Northern New JerseyCOMMUNITY | Riverdale, NJ | $10K | 2023 |
| Habitat For Humanity Of Bergen CountyHOUSING | Westwood, NJ | $10K | 2023 |
| Bayshore Medical Center FoundationQUALITY OF LIFE | Edison, NJ | $10K | 2023 |
| Associated Humane SocietiesQUALITY OF LIFE | Newark, NJ | $10K | 2023 |
| Main Street Counseling ServiceQUALITY OF LIFE | West Orange, NJ | $10K | 2023 |
| Lupus Foundation Of AmericaQUALITY OF LIFE | New York, NY | $10K | 2023 |
| Toms River Police DepartmentCOMMUNITY | Toms River, NJ | $10K | 2023 |
| Center For Hope And SafetyHOUSING | Rochelle Park, NJ | $10K | 2023 |
| The Valerie FundQUALITY OF LIFE | Maplewood, NJ | $10K | 2023 |
| Community Hope IncHOUSING | Parsippany, NJ | $10K | 2023 |
| Robeson Classic High School Football All-Stars GameCOMMUNITY | Roseland, NJ | $10K | 2023 |
| Habitat For Humanity Of PatersonHOUSING | Paterson, NJ | $10K | 2023 |
| Eversight New Jersey IncQUALITY OF LIFE | Clark, NJ | $10K | 2023 |
| Chilton Medical Center FoundationCOMMUNITY | Pompton Plains, NJ | $8K | 2023 |
| Crohn'S & Colitis Foundation IncQUALITY OF LIFE | Eatontown, NJ | $8K | 2023 |
| Table To Table IncCOMMUNITY | Saddle Brook, NJ | $8K | 2023 |
| World Organization For Positive ActionCOMMUNITY | Pompton Lakes, NJ | $8K | 2023 |
| Homesharing IncHOUSING | Parsippany, NJ | $8K | 2023 |
| Israel Sports ExchangeCOMMUNITY | Parsippany, NJ | $6K | 2023 |
| The Scholarship Fund For Inner-City ChildrenEDUCATION | Newark, NJ | $6K | 2023 |
| New City KidsCOMMUNITY | Paterson, NJ | $6K | 2023 |
| Preschool Advantage IncQUALITY OF LIFE | Morristown, NJ | $6K | 2023 |
| Town Clock Community Development Corporation IncQUALITY OF LIFE | New Brunswick, NJ | $5K | 2023 |
| Boys & Girls Club Of Lower Bergen CountyCOMMUNITY | Lodi, NJ | $5K | 2023 |
| Project Literacy Of Greater Bergen CountyEDUCATION | Hackensack, NJ | $5K | 2023 |
| 180 Turning Lives AroundHOUSING | Hazlet, NJ | $5K | 2023 |
| The Boys & Girls Club Of CliftonCOMMUNITY | Clifton, NJ | $5K | 2023 |
| Clean Ocean ActionCOMMUNITY | Long Branch, NJ | $5K | 2023 |
| Summit Speech SchoolQUALITY OF LIFE | New Providence, NJ | $5K | 2023 |
| Spring Lake Toys Foundation IncQUALITY OF LIFE | Franklin Lakes, NJ | $5K | 2023 |
| Community Medical Center FoundationCOMMUNITY | Toms River, NJ | $5K | 2023 |
| Servant'S Heart IncEDUCATION | Paterson, NJ | $5K | 2023 |
| Community Services Inc Of Ocean CountyCOMMUNITY | Manahawkin, NJ | $5K | 2023 |
| Big Brothers Big Sisters Of Coastal & Northern NjCOMMUNITY | Asbury Park, NJ | $5K | 2023 |
| Boys & Girls Club Of CliftonCOMMUNITY | Clifton, NJ | $5K | 2023 |
| Win Food PantryCOMMUNITY | Wayne, NJ | $5K | 2023 |
| The Raptor TrustCOMMUNITY | Millington, NJ | $4K | 2023 |
| Wood-Ridge Memorial FoundationCOMMUNITY | Woodridge, NJ | $4K | 2023 |
| Children'S Aid & Family ServicesCOMMUNITY | Paramus, NJ | $4K | 2023 |
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