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Magyar Bank Charitable Foundation is a private corporation based in NEW BRUNSWICK, NJ. The foundation received its IRS ruling in 2007. The principal officer is % Jay Castillo. It holds total assets of $684K. Annual income is reported at $164K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Magyar Bank Charitable Foundation has made 72 grants totaling $226K, with a median grant of $3K. Annual giving has grown from $58K in 2020 to $71K in 2023. Grantmaking activity was highest in 2022 with $97K distributed across 26 grants. Individual grants have ranged from $600 to $30K, with an average award of $3K. The foundation has supported 52 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
Magyar Bank Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 72 grants. Its grantmaking reaches organizations primarily in NJ.
Magyar Bank Charitable Foundation has distributed a total of $226K across 72 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $600 to $30K.
Magyar Bank Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Magyar Bank Charitable Foundation is headquartered in NEW BRUNSWICK, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Reissner | PRESIDENT | $0 | $0 | $0 |
| Jon R Ansari | V.P. & TREASURER | $0 | $0 | $0 |
| Robin E Suydam | CORPORATE SECRETARY & DIRECTOR | $0 | $0 | $0 |
| John S Fitzgerald | CLASS I BOARD MEMBER | $0 | $0 | $0 |
| Deborah S Alexander | CLASS II BOARD MEMBER | $0 | $0 | $0 |
Total Giving
$87K
Total Assets
$664K
Fair Market Value
$664K
Net Worth
$632K
Grants Paid
$71K
Contributions
$100
Net Investment Income
$116K
Distribution Amount
$37K
Total Grants
72
Total Giving
$226K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
52
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| State Theatre Regional Arts Center At New Brunswick IncSUPPORT FOR CLASSICAL PROGRAMS, UKRAIN AND REC CROSS | New Brunswick, NJ | $10K | 2023 |
| New Brunswick Health Sciences Tech HsSUPPORT SCHOLARSHIP AWARDS PROGRAM | New Brunswick, NJ | $5K | 2023 |
| Brain Injury Alliance Of New Jersey IncSUPPORT FOR THE BRAIN INJURY PROGRAM | North Brunswick, NJ | $5K | 2023 |
| Triple C Housing IncSUPPORT FOR FAMILIES AT PENNROSE TRUMAN SQUARE HOUSING DEVELOPMENT | North Brunswick, NJ | $5K | 2023 |
| Central Jersey Housing Resource CenterSUPPORT FOR HOUSING PROGRAM |
| Thomas Lankey |
| CLASS II BOARD MEMBER |
| $0 |
| $0 |
| $0 |
| Sarah Chaplin | CLASS III BOARD MEMBER | $0 | $0 | $0 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Somerville, NJ |
| $5K |
| 2023 |
| Dunellen Lions ClubSUPPORT FOR PEOPLE WITH SIGHT AND HEARING DIFFICULTIES | Dunellen, NJ | $4K | 2023 |
| American Hungarian FoundationSUPPORT FOR ANNUAL FESTIVAL AND CULTURAL ACTIVITIES | New Brunswick, NJ | $3K | 2023 |
| Town Clock Community Development Corporation IncSUPPORT FOR HOUSING PROGRAM | New Brunswick, NJ | $3K | 2023 |
| Caritas Program At Holy Family ParishSUPPORT FOR COMMUNITY GARDENING AND HEALTHY FOOD PROGRAM | New Brunswick, NJ | $3K | 2023 |
| Lower Raritan Watershed PartnershipSUPPORT FOR LOCAL YOUTH PROGRAM | New Brunswick, NJ | $3K | 2023 |
| Homesharing IncSUPPORT FOR HOUSING PROGRAM | Bridgewater, NJ | $3K | 2023 |
| Jewish Community Center Of Middlesex CountySUPPORT MEALS ON WHEELS FOR SENIOR ADULTS | Somerville, NJ | $3K | 2023 |
| Casa Of Middlesex CountySUPPORT FOR THE VOLUNTEER PROGRAM | New Brunswick, NJ | $3K | 2023 |
| Ymca Of Metuchen Edison Woodbridge And South AmboySUPPORT FOR TEEN LEADERS CLUB | Metuchen, NJ | $3K | 2023 |
| Embrace Kids FoundationSUPPORT FOR HOUSING PROGRAM | New Brunswick, NJ | $3K | 2023 |
| New Jersey State Federation Of Womens ClubsSUPPORT GIRL'S CAREER INSTITUTE PROGRAMS | New Brunswick, NJ | $3K | 2023 |
| Raritan Velley Habitat For HumanitySUPPORT FOR HOUSING PROGRAM | Pluckemin, NJ | $3K | 2023 |
| Midland SchoolSUPPORT FOR READING LEARNING PROGRAM | North Branch, NJ | $2K | 2023 |
| New Brunswick Education Foundation IncSUPPORT FOR EDUCATIONAL PROGRAMS | New Brunswick, NJ | $2K | 2023 |
| Middlesex College Foundation IncSUPPORT FOR SCHOLARSHIP PROGRAMS | Edison, NJ | $2K | 2023 |
| Somerville Elks Charitable TrustSUPPORT FOR THE CHILDRENS PROGRAM | Bridgewater, NJ | $2K | 2023 |
| Reconnect Hungary-Hungarian BirthrightSUPPORT FOR HUNGARIAN BIRTHRIGHT PROGRAM | New Brunswick, NJ | $1K | 2023 |
| Score Princeton And Central NjSUPPORT FOR YOUTH PROGRAM FOR GENERAL OPERATIONS | Princeton, NJ | $1K | 2023 |
| Women AwareSUPPORT FOR EMERGENCY SHELTER AND HOUSING FOR DOMESTIC VIOLENCE AFFECTED | New Brunswick, NJ | $3K | 2022 |
| Churches Improving CommunitiesSUPPORT NJ INTERFAITH CENTER FOR CANCER | Highland Park, NJ | $3K | 2022 |
| Court Appointed Special Advocates Of New Jersey IncSUPPORT FOR YOUTH EDUCATIONAL TRAINING | New Brunswick, NJ | $3K | 2022 |
| Damon House IncSUPPORT VOCATIONAL REHABILITATION SERVICES | New Brunswick, NJ | $3K | 2022 |
| Down Syndrome Association Of Central Nj IncSUPPORT FOR EDUCATIONAL PROGRAMS | Columbus, NJ | $3K | 2022 |
| Elijah'S PromiseSUPPORT FOOD PROGRAM EMERGENCY FEEDING AND SERVICES | New Brunswick, NJ | $3K | 2022 |
| Greater Somerset County YmcaSUPPORT FOR FOOD SECURITY PROGRAM | Basking Ridge, NJ | $3K | 2022 |
| Archangel Raphael'S Mission IncSUPPORTING FOR HOMELESS, MOBILE HYGIENE PROGRAMS | Edison, NJ | $3K | 2022 |
| Center For Educational AdvancementSUPPORT FOR THE TRANSPORTATION EQUIPMENT | Flemington, NJ | $3K | 2022 |
| Meals On Wheels Of Greater New BrunswickSUPPORT ADULT WITH DISABILITIES MEALS ON WHEELS PROGRAM | New Brunswick, NJ | $3K | 2022 |
| Raritan Valley YmcaSUPPORT FAMILIES PROGRAMS IN JULY | East Brunswick, NJ | $3K | 2022 |
| The Center For Great Expectations IncSUPPORT FOR DAILY COUNSELING PROGRAM | Somerset, NJ | $3K | 2022 |
| The Hugs For Brady FoundationGENERAL OPERATING SUPPORT | Kendall Park, NJ | $3K | 2022 |
| Who Is My Neighbor IncSUPPORT "CAVE AFTERSCHOOL PROGRAM" | Highland Park, NJ | $3K | 2022 |
| Dress For Success Central New JerseySUPPORT FOR EDUCATIONAL FINANCIAL LITERACY PROGRAMS | Lawrenceville, NJ | $2K | 2022 |
| Hitops IncSUPPORT YOUTH TRAINING PROGRAM | Princeton, NJ | $1K | 2022 |
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