Ernest Schacht Fund Co Valley National Bank
Preselected recipients only
Ernest Schacht Fund Co Valley National Bank is a private foundation in Paramus, New Jersey. In tax year 2025 it gave $45,243 in 9 grants; the typical grant was $5,027 and the largest $5,027. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$45,243
- Number of grants9
- Typical grant$5,027
- Largest grant$5,027
- Assets$2.1 million
- New grantees0%
Giving in 2025 was down from $111,951 the year before.
0% of its 2025 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $49,140 | 9 | $1.7 million |
| 2023 | $187,614 | 9 | $1.7 million |
| 2024 | $111,951 | 9 | $1.7 million |
| 2025 | $45,243 | 9 | $2.1 million |
How to apply
Ernest Schacht Fund Co Valley National Bank says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Ernest Schacht Fund Co Valley National Bank funds
Where it gives
Its grants went to recipients in 4 states, the most to New Jersey.
| State | Grants | Amount |
|---|---|---|
| New Jersey | 6 | $30,162 |
| District of Columbia | 1 | $5,027 |
| New York | 1 | $5,027 |
| Pennsylvania | 1 | $5,027 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| The Salvation Army Richard D Allen Asst | General operating funds | $5,027 |
| American Red Cross | General operating funds | $5,027 |
| Greater Passaic Clifton Community Center | Unrestricted - general | $5,027 |
| Childrens Day Nursery & Family Ctr | General operating funds | $5,027 |
| Girl Scouts Lenni-Lenape Council Inc | General operating funds | $5,027 |
| Boys & Girls Club of Paterson and Passaic Inc | Unrestricted - general | $5,027 |
| Enrichment Center for Women Children & Families Inc | General operating funds | $5,027 |
| Boy Scouts of America Northern New Jersey | General operating funds | $5,027 |
| Passaic Home & Orphan Asylum Rev TUA | Unrestricted - general | $5,027 |
Officers and trustees
- Valley National Bank Trust Co
Questions people ask
Does Ernest Schacht Fund Co Valley National Bank accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Ernest Schacht Fund Co Valley National Bank give?
$45,243 in tax year 2025, across 9 grants, with a typical grant of $5,027.
Who runs Ernest Schacht Fund Co Valley National Bank?
Its 2025 filing lists Valley National Bank Trust Co (Trustee).
What does Ernest Schacht Fund Co Valley National Bank fund?
Based on its grants, mainly youth programs and human services.