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New Jersey Bankers Charitable Foundation Inc. is a private corporation based in CRANFORD, NJ. The foundation received its IRS ruling in 2005. The principal officer is % Michael Affuso. It holds total assets of $396K. Annual income is reported at $5K. TO PROVIDE SCHOLARSHIP ASSISTANCE TO SPOUSES AND ELIIBLE DEPENDENTS OF SERVICE MEMBERS TO ENABLE THEM TO EARN THEIR COLLEGE DEGREES. According to available records, New Jersey Bankers Charitable Foundation Inc. has made 20 grants totaling $208K, with a median grant of $10K. Annual giving has grown from $35K in 2021 to $48K in 2023. Grantmaking activity was highest in 2022 with $125K distributed across 14 grants. Individual grants have ranged from $3K to $38K, with an average award of $10K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in New Jersey, Kentucky, Florida, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
TO PROVIDE FUNDING TO RUTERS UNIVERSITY'S BUSINESS SCHOOL TO PROVIDE SCHOLARSHIPS FOR VETERAN STUDENTS PURSUING THEIR MBAS.
Expenses: $38K
TO PROVIDE DISASTER RELIEF SUPPORT TO MEET CRITICAL NEEDS FOR VICTIMS OF MAUI WILDFIRES AND MISSISSIPPI TORNADOS.
Expenses: $10K
TO PROVIDE SCHOLARSHIP ASSISTANCE TO SPOUSES AND ELIIBLE DEPENDENTS OF SERVICE MEMBERS TO ENABLE THEM TO EARN THEIR COLLEGE DEGREES. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in NJ, KY, FL.
New Jersey Bankers Charitable Foundation Inc. has distributed a total of $208K across 20 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $3K to $38K.
The application deadline is DECEMBER 31, 2023. SEE ATTACHED SAMPLE APPLICATION.
New Jersey Bankers Charitable Foundation Inc. is headquartered in CRANFORD, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Affuso | CHAIR | $0 | $0 | $0 |
| John Mangini | EX-OFFICIO TRUSTEE | $0 | $0 | $0 |
| Matthew Cooney | TRUSTEE | $0 | $0 | $0 |
| Christopher Maher | TRUSTEE | $0 | $0 | $0 |
| James Silkensen | TRUSTEE | $0 | $0 | $0 |
Total Giving
$52K
Total Assets
$427K
Fair Market Value
$427K
Net Worth
$427K
Grants Paid
$48K
Contributions
$25K
Net Investment Income
$3K
Distribution Amount
$21K
Total Grants
20
Total Giving
$208K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
12
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rutgers University Office Of Veterans AffairsEDUCATION | Newark, NJ | $38K | 2023 |
| American Bankers Association FoundationMS DISASTER FUND | Washington, DC | $5K | 2023 |
| Kentucky Bankers Relief FundDISASTER RELIEF | Louisville, KY | $5K | 2023 |
| Rutgers University FoundationEDUCATION | New Brunswick, NJ | $15K | 2022 |
| Rider University Office Of Veterans AffairsEDUCATION | Lawrenceville, NJ | $15K | 2022 |
JERSEY CITY, NJ
SOMERVILLE, NJ
MONMOUTH JCT, NJ
MONTVALE, NJ
| John M Bonhomme |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| Patrick Ryan | TRUSTEE | $0 | $0 | $0 |
| Robert Stillwell | TRUSTEE | $0 | $0 | $0 |
| Steven Klein | TRUSTEE | $0 | $0 | $0 |
| Jane Rey | TRUSTEE | $0 | $0 | $0 |
| Craig Montanaro | TRUSTEE | $0 | $0 | $0 |
| Ira Robbins | TRUSTEE | $0 | $0 | $0 |
| 2018 | 990PF | View |
| Monmouth UniversityEDUCATION | West Long Branch, NJ | $10K | 2022 |
| Fairleigh DickinsonEDUCATION | Teanack, NJ | $10K | 2022 |
| Volunteer FloridaDISASTER RELIEF | Tallahassee, FL | $5K | 2022 |
| Union County College FoundationEDUCATION | Cranford, NJ | $5K | 2022 |
| Soup Kitchen 411FOOD INSECURITY | New Providence, NJ | $3K | 2022 |
| Rutgers UniversityEducation | New Brunswick, NJ | $15K | 2021 |
| Rider UniversityEducation | Lawrenceville, NJ | $15K | 2021 |
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