Fund For New Jersey
- Assets
- $71.3m
- Revenue
- $3.8m
- Investments
- $69.6m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 22-1895028
Organization Overview
Fund For New Jersey is located in Princeton, NJ. The organization was established in 1969. 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. Fund For New Jersey 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 12/2021, Fund For New Jersey generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fund For New Jersey has awarded 237 individual grants totaling $12,718,582. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth K Jamieson President | 40 | $259,634 | |
Richard W Roper Chair | 1 | $0 | |
Grizel Ubarry Vice Chair | 1 | $0 | |
Dr John W Cornwall Treasurer | 1 | $0 | |
Dr Henry A Coleman Trustee | 1 | $0 | |
Hon Jon Corzine Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Schwab | 12/30/22 | $93,049 |
Mercer Investment Consulting Inc | 12/30/22 | $83,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $552,844 |
| Interest on Savings | $0 |
| Dividends & Interest | $569,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,716,237 |
| Capital Gain Net Income | $2,716,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,838,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $252,072 |
| Other employee salaries and wages | $263,096 |
| Pension plans, employee benefits | $128,430 |
| Interest | $0 |
| Taxes | $50,134 |
| Depreciation | $1,781 |
| Occupancy | $71,929 |
| Travel, conferences, and meetings | $4,187 |
| Printing and publications | $0 |
| Other expenses | $114,662 |
| Total operating and administrative expenses | $1,191,693 |
| Contributions, gifts, grants paid | $3,870,453 |
| Total expenses and disbursements | $5,062,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,083,980 |
| Savings and temporary cash investments | $635,070 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,978 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $966,664 |
| Investments—other | $38,068,170 |
| Net Land, buildings, and equipment | $8,807 |
| Other assets | $41,672 |
| Total assets | $71,337,040 |
| Accounts payable and accrued expenses | $96,181 |
| Grants payable | $748,680 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $289,808 |
| Total liabilities | $1,134,669 |
Grants Awarded
Over the last fiscal year, Fund For New Jersey has awarded $4,266,375 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR CHILDREN OF NEW JERSEY PURPOSE: TO ADVANCE STATE AND FEDERAL POLICIES THAT SUPPORT LOW-INCOME CHILDREN AND FAMILIES AND IMPROVE CHILDRENS QUALITY OF LIFE IN DISADVANTAGED COMMUNITIES. | $75,000 |
AMERICAN FRIENDS SERVICE COMMITTEE PURPOSE: TO END IMMIGRANT DETENTION AND TO ADVOCATE FOR IMMIGRANT-INCLUSIVE POLICIES IN NEW JERSEY. | $100,000 |
AMERICAN CIVIL LIBERTIES UNION OF NEW JERSEY PURPOSE: TO SUPPORT POLICE REFORM, PROTECT REPRODUCTIVE RIGHTS, AND ADVANCE RACIAL JUSTICE IN NEW JERSEY. | $100,000 |
ASSOCIATION OF NEW JERSEY ENVIRONMENTAL COMMISSIONS PURPOSE: TO ADVANCE STATE AND LOCAL POLICIES TO IMPROVE WATER QUALITY, PROTECT WATER SUPPLY, AND REDUCE PLASTIC POLLUTION. | $50,000 |
ASSOCIATION OF NEW JERSEY ENVIRONMENTAL COMMISSIONS PURPOSE: TO DEVELOP A COLLECTIVE CONSERVATION POLICY AGENDA WITH A RACIAL EQUITY LENS IN PARTNERSHIP WITH OTHER FUND GRANTEES. | $5,000 |
EAST TRENTON COLLABORATIVE PURPOSE: TO ELIMINATE CHILDHOOD LEAD POISONING IN NEW JERSEY BY PROVIDING LEADERSHIP TO THE LEAD-FREE NEW JERSEY CAMPAIGN, SUPPORTING COMMUNITY MOBILIZATION AND ENGAGEMENT, AND CENTERING THE EXPERIENCE AND PERSPECTIVE OF THOSE MOST IMPACTED BY LEAD. | $30,000 |