Mustang Foundation Inc
Preselected recipients only
Mustang Foundation Inc is a private foundation in Oceanport, New Jersey. In tax year 2025 it gave $5.9 million in 44 grants; the typical grant was $50,000 and the largest $1.3 million. 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$5.9 million
- Number of grants44
- Typical grant$50,000
- Largest grant$1.3 million
- Assets$32.8 million
- New grantees43%
Giving in 2025 was up from $4.1 million the year before.
43% of its 2025 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 |
|---|---|---|---|
| 2023 | $1.6 million | 37 | $20.9 million |
| 2024 | $4.1 million | 32 | $34.6 million |
| 2025 | $5.9 million | 44 | $32.8 million |
How to apply
Mustang Foundation Inc 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 Mustang Foundation Inc funds
Where it gives
Its grants went to recipients in 10 states, the most to New York.
| State | Grants | Amount |
|---|---|---|
| New York | 18 | $2.4 million |
| New Jersey | 8 | $2.2 million |
| California | 6 | $466,000 |
| Maryland | 1 | $450,000 |
| Oregon | 4 | $200,000 |
| District of Columbia | 3 | $110,000 |
| Washington | 1 | $50,000 |
| Massachusetts | 1 | $25,000 |
| Pennsylvania | 1 | $15,000 |
| Vermont | 1 | $10,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Roundabout Theater Company | General support | $1.3 million |
| YMCA of Greater Monmouth County | General support | $1.0 million |
| Monmouth County SPCA | General support | $625,000 |
| Gentle Giants Draft Horse Rescue | General support | $450,000 |
| Find Your Light Foundation | General support | $350,000 |
| Omega Institute for Holistic Studies | General support | $300,000 |
| Wharton Institute for the Performing Arts | General support | $250,000 |
| The Climate Museum | General support | $200,000 |
| Global Health Corps Inc | General support | $150,000 |
| Path Home | General support | $140,000 |
| Lunch Break | General support | $100,000 |
| Brick City Kitties Rescue | General support | $80,000 |
| Count Basie Theatre | General support | $75,000 |
| Edward Charles Foundation | General support | $50,000 |
| The Metropolitan Opera | General support | $50,000 |
| Council on the Environment Inc | General support | $50,000 |
| Allaire Community Farm | General support | $50,000 |
| Earth Island Institute | General support | $50,000 |
| Boomer Esiason Foundation | General support | $50,000 |
| Humane World for Animals Inc | General support | $50,000 |
| Coalition for the Homeless | General support | $50,000 |
| Every Woman Treaty | General support | $50,000 |
| The Brigid Alliance | General support | $50,000 |
| The Alliance for Climate Protection | General support | $35,000 |
| Center for Disaster Philanthropy | General support | $25,000 |
| Chess in the Schools | General support | $25,000 |
| Williams Be Yourself Challenge | General support | $25,000 |
| World Trade Center Performing Arts Center Inc | General support | $25,000 |
| Klemo Foundation | General support | $25,000 |
| Women First Transition and Referral Center | General support | $25,000 |
| Adelante Mujerres | General support | $25,000 |
| Luv Michael | General support | $25,000 |
| The Bridge Project | General support | $25,000 |
| Women Moving Millions Inc | General support | $25,000 |
| National Dance Institute | General support | $20,000 |
| Bloom Where Planted | General support | $20,000 |
| Citta | General support | $20,000 |
| Soup Kitchen 411 | General support | $15,000 |
| Creative Growth | General support | $11,000 |
| Multiplier-The All We Can Save Project | General support | $10,000 |
Officers and trustees
- Frances Turner
- Paul Turner
- Karla L Arria-Devoe
- Andrea R Arria-Devoe
Questions people ask
Does Mustang Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Mustang Foundation Inc give?
$5.9 million in tax year 2025, across 44 grants, with a typical grant of $50,000.
Who runs Mustang Foundation Inc?
Its 2025 filing lists Frances Turner (Trustee and President), Paul Turner (Trustee and Vice-President), Karla L Arria-Devoe (Trustee and Treasurer) and Andrea R Arria-Devoe (Trustee and Secretary).
What does Mustang Foundation Inc fund?
Based on its grants, mainly arts and culture, animals and environment and conservation.