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 organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 9.9% 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 2020, Fund For New Jersey has awarded 170 individual grants totaling $8,452,207. 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 | $252,072 | |
Lucia I Vandenberg Senior Program Offic | 40 | $132,840 | |
Alison Baron Office Manager | 40 | $65,483 | |
Erik Morales Program Associate | 40 | $56,206 | |
Hon James Florio Trustee | 1 | $0 | |
Edward Lloyd Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Investment Consulting Inc | 12/30/21 | $77,735 |
Charles Schwab Consulting | 12/30/21 | $112,232 |
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 $4,452,903 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
Lawrenceville, NJ PURPOSE: TO SUPPPORT FAIR REDISTRICTING IN NJ. | $200,000 |
FAITH IN NJ PURPOSE: TO SUPPORT THE REPARATIVE JUSTICE COALITION IN NEW JERSEY. | $190,000 |
FAITH IN NJ PURPOSE: TO SUPPORT REPARATIVE JUSTICE IN NJ. | $165,000 |
WIND OF THE SPIRIT PURPOSE: TO SUPPORT REPARATIVE JUSTICE IN NJ. | $135,000 |
Trenton, NJ PURPOSE: TO SUPPORT ITS COVID-19 PANDEMIC HOUSING RELIEF EFFORTS, ADVANCE ITS MULTI-YEAR RENT CAMPAIGN AND PURSUE ITS ONGOING AFFORDABLE HOUSING AND HEALTHY COMMUNITIES PRIORITIES. | $125,000 |
NJ POLICY PERSPECTIVE PURPOSE: TO DEVELOP INNOVATIVE POLICY IDEAS THROUGH EVIDENCE-BASED INDEPENDENT RESEARCH, ADVOCACY, STRATEGIC COMMUNICATIONS, AND COLLABORATION WITH PARTNERS TO ACHIEVE A SHARED VISION OF ECONOMIC JUSTICE. | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fund For New Jersey has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: TO SUPPORT THE COMPLETE COUNT OF ALL NEW JERSEYANS IN THE 2020 CENSUS BY ALIGNING WITH PHILANTHROPIC PARTNERS TO FUND A COORDINATED STATEWIDE EFFORT TO REACH HARD-TO-COUNT COMMUNITIES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |