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Torpey Charitable Foundation is a private trust based in COLTS NECK, NJ. The foundation received its IRS ruling in 2008. The principal officer is Brian And Karen Torpey. It holds total assets of $28K. Annual income is reported at $36K. Total assets have decreased from $98K in 2011 to $9K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2017 to 2023. The foundation primarily funds organizations in District of Columbia, New Jersey and Connecticut. According to available records, Torpey Charitable Foundation has made 6 grants totaling $24K, with a median grant of $4K. Annual giving has grown from $3K in 2020 to $5K in 2023. Grantmaking activity was highest in 2022 with $16K distributed across 3 grants. Individual grants have ranged from $500 to $10K, with an average award of $4K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in District of Columbia and New Jersey and Connecticut. Contributions to this foundation are tax-deductible.
No specific application information is available for this foundation. Check the 990-PF filings below for application guidelines, or visit the foundation's website if listed above.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$10K
Based on 3 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.
Torpey Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in DC, NJ, CT.
Torpey Charitable Foundation has distributed a total of $24K across 6 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $500 to $10K.
Torpey Charitable Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (205620042) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Torpey Charitable Foundation is headquartered in COLTS NECK, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brian Torpey | Trustee | $0 | $0 | N/A |
| Karen Torpey | Trustee | $0 | $0 | N/A |
Total Giving
$6K
Total Assets
$9K
Fair Market Value
$10K
Net Worth
$9K
Grants Paid
$5K
Contributions
N/A
Net Investment Income
$791
Distribution Amount
$690
Total Grants
6
Total Giving
$24K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
5
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Georgetown UniversityGENERAL FUND | Washington, DC | $5K | 2023 |
| Ranney SchoolGENERAL FUND | Tinton Falls, NJ | $5K | 2022 |
| Fairfield County'S Community FoundaGENERAL FUND | Norwalk, CT | $1K | 2022 |
| Casa For Children Of Monmouth CountCHILD SPONSOR | Colts Neck, NJ | $3K | 2020 |
| Saint Jerome SchoolSCHOOL TECHNOLOGY PROGRAM | West Long Branch, NJ | $500 | 2020 |