Magyarbank Charitable Foundation
Preselected recipients only
Magyarbank Charitable Foundation is a private foundation in New Brunswick, New Jersey. In tax year 2024 it gave $75,750 in 24 grants; the typical grant was $2,500 and the largest $25,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$75,750
- Number of grants24
- Typical grant$2,500
- Largest grant$25,000
- Assets$0
- New grantees79%
Giving in 2024 was up from $73,700 the year before.
79% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $71,381 | 24 | $663,669 |
| 2023 | $73,700 | 24 | $683,755 |
| 2024 | $75,750 | 24 | $0 |
How to apply
Magyarbank Charitable Foundation 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 Magyarbank Charitable Foundation funds
Where it gives
All of its grants went to recipients in New Jersey.
| State | Grants | Amount |
|---|---|---|
| New Jersey | 24 | $75,750 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| State Theatre New Jersey | Promote arts at little or no cost | $25,000 |
| Central Jersey Housing Resource Ctr | Counseling, foreclosure prevention | $5,000 |
| Triple C Housing | Fund pop up pantry at truman sq. | $5,000 |
| Elijahs Promise | Promotes food as medicine | $2,500 |
| Greater Somerset County YMCA | To continue providing YMCA services | $2,500 |
| New Brunswick Education Foundation | Support for new brunswick teachers | $2,500 |
| Town Clock Community Develpmt Comm | Funding for the case mgmt program | $2,500 |
| Meals on Wheels Greater New Brunswi | Support for the weekend program | $2,500 |
| American Repertory Ballet | Access to dance arts for low income | $2,500 |
| George Street Playhouse | Support for fy 25-26 youth program | $2,500 |
| Jewish Family Services of Middlesex | Fund kosher food pantries & kmow | $2,500 |
| Little Servant SRS St Joseph | Purchase of wheelchair scale | $2,500 |
| YMCA of Metuchen Edison (Mewsa) | 12 week veteran wellness program | $2,500 |
| Soup Kitchen 411 Inc | General operating support | $2,500 |
| St John the Evangelist | General operating | $2,500 |
| Midland School | High quality gym mats for occ. Ther. | $2,250 |
| Middlesex College Foundation | Provides financial assistance | $1,500 |
| Dewey Does Foundation Inc | Promote a healthy lifestyle to kids | $1,000 |
| First Tee Raritan Valley | Access to golf for urban youth | $1,000 |
| Down Syndrome Assn of Central NJ | Launch "moving toward health & welln | $1,000 |
| Home Sharing Inc | Assist clients staying in their home | $1,000 |
| NJ St Federation of Woman's Clubs | Sponsor girls career inst. Delegate | $1,000 |
| Score Princeton & Score Central NJ | General operating expense support | $1,000 |
| SISTER2SISTER | Fund asst. For breast cancer program | $1,000 |
Officers and trustees
- John Reissner
- Jon R Ansari
- Robin E Suydam
- John S Fitzgerald
- Deborah S Alexander
- Thomas Lankey
- Sarah Chaplin
Questions people ask
Does Magyarbank Charitable Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Magyarbank Charitable Foundation give?
$75,750 in tax year 2024, across 24 grants, with a typical grant of $2,500.
Who runs Magyarbank Charitable Foundation?
Its 2024 filing lists John Reissner (President), Jon R Ansari (VP & Treasur), Robin E Suydam (Corp. Secret) and John S Fitzgerald (Class I Boar) among 7 officers and trustees.
What does Magyarbank Charitable Foundation fund?
Based on its grants, mainly arts and culture, food and hunger and human services.