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Also known as: JANET MERRITT ANDREA MERRITT GREG MERRITT
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Royalty Trust is a private corporation based in MEDFORD, NJ. The foundation received its IRS ruling in 2006. The principal officer is Janet Merritt. It holds total assets of $335K. Annual income is reported at $103K. Total assets have decreased from $718K in 2010 to $345K in 2022. The foundation is governed by 3 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 2016 to 2023. The foundation primarily funds organizations in Florida, New Jersey and Pennsylvania. According to available records, Royalty Trust has made 35 grants totaling $162K, with a median grant of $5K. The foundation has distributed between $77K and $85K annually from 2022 to 2023. Individual grants have ranged from $1K to $10K, with an average award of $5K. The foundation has supported 19 unique organizations. The foundation primarily supports organizations in Florida, New Jersey, Pennsylvania, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$10K
Based on 16 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.
Royalty Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in FL, NJ, PA.
Royalty Trust has distributed a total of $162K across 35 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $1K to $10K.
Royalty Trust typically selects its grantees rather than accepting unsolicited proposals.
Royalty Trust is headquartered in MEDFORD, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Andrea Chambers | trustee | $0 | $0 | N/A |
| Gregg Merritt | Trustee | $0 | $0 | N/A |
| Janet Merritt | trustee | $0 | $0 | N/A |
Total Giving
$103K
Total Assets
$345K
Fair Market Value
$1.3M
Net Worth
$345K
Grants Paid
$85K
Contributions
N/A
Net Investment Income
$51K
Distribution Amount
$66K
Total Grants
35
Total Giving
$162K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
19
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Casa Philadelphiacharitable | Philadelphia, PA | $10K | 2023 |
| Vorhees Animal Orphanagegeneral fund | Voorheis, NJ | $7K | 2023 |
| Environmental Learning Centergeneral | Vero Beach, FM | $6K | 2023 |
| Hobe Sound Nature CenterCharitable purposes | Hobe Sound, FL | $5K | 2023 |
| Food Bank Of South JerseyCharitable | Pennsauken, NJ | $5K | 2023 |
| Deborah Hospital Foundationcharitable purposes | Browns Mills, NJ | $5K | 2023 |
| Jupiter Medical Center Foundationgeneral fund | Jupiter, FL | $5K | 2023 |
| Boys And Girls Club Of Martin Countycharitable purposes | Hobe Sound, FL | $5K | 2023 |
| Woodford Cedar Run Wildlife Refugegeneral | Medford, NJ | $5K | 2023 |
| Bike Walk Indian River CountyCharitable purposes | Vero Beach, FL | $5K | 2023 |
| Riverside TheatreCHARITABLE | Vero Beach, FL | $5K | 2023 |
| Philabundancecharitable | Philadelphia, PA | $4K | 2023 |
| Hobe Sound Community ChestCharitable purposes | Hobe Sound, FL | $4K | 2023 |
| Coastal ConnectionsGENERAL FUND | Vero Beach, FL | $3K | 2023 |
| The Arc Ocean County ChapterCharitable | Lakewood, NJ | $3K | 2023 |
| Mckee Botanical GardensCharitable | Vero Beach, FL | $3K | 2023 |
| United Way Of Martin Countycharitable purposes | Stuart, FL | $3K | 2023 |
| Impact 100 IrcCHARITABLE | Vero Beach, FL | $1K | 2023 |
| Medford Arts CenterCHARITABLE | Medford, NJ | $1K | 2023 |