Community Foundation Of New Jersey

Organization Overview

Community Foundation Of New Jersey is located in Morristown, NJ. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of New Jersey employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of 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, Community Foundation Of New Jersey generated $257.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $118.4m during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 7 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 2014, Community Foundation Of New Jersey has awarded 9,439 individual grants totaling $444,474,930. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CONNECT DONORS TO ORGANIZATIONS, PROVIDE LEADERSHIP AND SUPPORT TO DONORS, COMMUNITY ORGANIZATIONS, LEADERS AND FOUNDATIONS TO ACHIEVE THE ART OF LASTING PHILANTHROPY.

Describe the Organization's Program Activity:

SINCE 1979, THE COMMUNITY FOUNDATION OF NEW JERSEY (CFNJ) HAS BEEN A TRUSTED PARTNER IN THE STATE WORKING WITH HUNDREDS OF FAMILIES, BUSINESSES, AND FOUNDATIONS TO TURN PRIVATE RESOURCES INTO CHARITABLE FUNDS THAT BENEFIT CAUSES AND COMMUNITIES. FROM CREATIVE PROJECTS THAT TACKLE CRITICAL SOCIETAL OR POLICY ISSUES TO SCHOLARSHIP FUNDS, CORPORATE PHILANTHROPY, LEGACY FUNDS AND DONOR ADVISED FUNDS, THE COMMUNITY FOUNDATION MANAGES NEARLY EVERY KIND OF GIVING VEHICLE AND TAILORS SOLUTIONS TO MEET CRITICAL NEEDS. CFNJ MADE APPROXIMATELY 8,000 INDIVIDUAL GRANTS IN 2021 TOTALING OVER $100 MILLION. CFNJ CURRENTLY STEWARDS MORE THAN $680 MILLION IN CHARITABLE ASSETS, MAKING GRANTS TO NONPROFIT ORGANIZATIONS IN LINE WITH THE ADVICE OF ACTIVE FUNDHOLDERS OR PHILANTHROPIC GOALS OF THOSE WHO LEAVE BEQUESTS.


CFNJ SPONSORS SEVERAL SPECIAL PROJECTS EACH YEAR. THESE PROGRAM RELATED EXPENSES ADDRESS URGENT OR REGION-SPECIFIC NEEDS. AMONG THESE, CFNJ CONTINUES TO BUILD ON THE WORK OF A LEGAL FELLOW WHO REPRESENTS UNACCOMPANIED IMMIGRANT CHILDREN AND TRAINS PRO BONO COUNSEL IN IMPOSSIBLY COMPLEX (AND OFTEN ADVERSARIAL) JUVENILE STATUS PROCEEDINGS. CFNJ IS ALSO NOW PART OF A BROADER FUNDER COLLABORATIVE OF LOCAL AND NATIONAL FUNDERS THAT UNDERWRITES A CONSORTIUM OF LEGAL AND IMMIGRANTS' RIGHTS ADVOCATES WORKING TO STABILIZE THE STATUS OF IMMIGRANT CHILDREN AND THEIR FAMILIES IN NEW JERSEY.


OTHER PROGRAM SERVICE EXPENSES INCLUDING SALARIES, EMPLOYEE BENEFITS AND VARIOUS OTHER EXPENSES TO CARRY OUT THE FOUNDATION'S MISSION AND PROGRAMS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Benita R Miller
Project Leadership To Dcf For Pfpc
$129,306
Pink Trumpet
Professional Services - Research, Strate
$110,247
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$212,848
Related organizations$0
Government grants $300,600
All other contributions, gifts, grants, and similar amounts not included above$221,314,510
Noncash contributions included in lines 1a–1f $97,021,917
Total Revenue from Contributions, Gifts, Grants & Similar$221,827,958
Total Program Service Revenue$0
Investment income $19,239,931
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,845,724
Net Income from Fundraising Events -$19,093
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $257,903,592

Grants Awarded

Over the last fiscal year, Community Foundation Of New Jersey has awarded $98,316,639 in support to 1,498 organizations.

Grant RecipientAmount

WORLD CENTRAL KITCHEN INC

Org PageRecipient Profile

Washington, DC

PURPOSE: GENERAL SUPPORT

$4,078,110

THE COLLEGE OF NEW JERSEY

Org PageRecipient Profile

Ewing, NJ

PURPOSE: GENERAL SUPPORT

$4,013,250

COMMUNITY FOODBANK OF NEW JERSEY

Org PageRecipient Profile

Hillside, NJ

PURPOSE: GENERAL SUPPORT

$3,702,730

GRAMEEN AMERICA INC

Org PageRecipient Profile

Jackson Heights, NY

PURPOSE: GENERAL SUPPORT

$3,534,000

HOUSING AND COMMUNITY DEVELOPMENT NETWORK OF NJ

Org PageRecipient Profile

Trenton, NJ

PURPOSE: GENERAL SUPPORT

$2,221,550

NATIONAL WINTER ACTIVITY CENTER

Org PageRecipient Profile

Vernon, NJ

PURPOSE: GENERAL SUPPORT

$2,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Community Foundation Of New Jersey has recieved totaling $9,500.

Awarding OrganizationAmount
Stone Foundation Of New Jersey

Leonardo, NJ

PURPOSE: GENERAL OPERATING SUPPORT

$5,000
Kelly Heflin Foundation Charitable Tr

Bryn Mawr, PA

PURPOSE: SPONSORSHIP

$4,000
Kotzas Fam Charitable Foundation

Toms River, NJ

PURPOSE: CHARITABLE

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$42,322,903
Earnings$5,189,914
Admin Expense$544,895
Net Contributions$701,383
Other Expense$58
Grants$1,414,790
Ending Balance$46,254,457

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