Provident Bank Foundation Inc

Organization Overview

Provident Bank Foundation Inc is located in Iselin, NJ. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Provident Bank Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Provident Bank Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Provident Bank Foundation Inc has awarded 698 individual grants totaling $6,274,994. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $183
Dividends & Interest $818,309
Net Rental Income$0
Net Gain on Sale of Assets $955,992
Capital Gain Net Income $955,992
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,774,484

Grants Awarded

Over the last fiscal year, Provident Bank Foundation Inc has awarded $1,868,684 in support to 194 organizations.

Grant RecipientAmount

RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION

PURPOSE: THE ACHIEVEMENT CENTER AT RVCC

$80,000

UNITED WAY OF NORTHERN NEW JERSEY

PURPOSE: UNITED FOR ALICE@WORK IN NEW JERSEY

$70,000

CUMAC

PURPOSE: CREATING HEALING-CENTERED COMMUNITIES

$33,334

Clinton, NJ

PURPOSE: ADDICTION RECOVERY PROGRAMS

$25,000

Boston, MA

PURPOSE: PROPEL AMERICA HEALTHCARE PATHWAYS

$25,000

GREATER BERGEN COMMUNITY ACTION

Org PageRecipient Profile

Hackensack, NJ

PURPOSE: UNITY HEALTH PARTNERSHIP: A PATHWAY TO HEALTH ACCESS & EQUITY

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Provident Bank Foundation Inc has recieved totaling $11,204.

Awarding OrganizationAmount
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$11,204
View Grant Recipient Profile

Peer Organizations

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