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Magyar Bank Charitable Foundation

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Description

The Magyar Bank Charitable Foundation supports nonprofit organizations that improve the quality of life in the communities served by the Bank in central New Jersey.

The Foundation's areas of interest include the following:

  • Education
    The focus is on initiatives at the primary, secondary, and post-secondary levels that raise the aspirations of students in the community and enhance knowledge in specific areas such as economics, communications, business...
Description
Opportunity Information
Application Deadlines
Application Deadlines
Geographic Scope
Geographic Scope
Additional Clarification
Additional Clarification
Areas of Interest
Areas of Interest
Types of Support
Types of Support
Funder Information
Total Annual Giving
$71,200
Grant Range
Grant range
Average Grant
Average Grant
Median Grant
Median Grant
Grant Details
Grant Details
Total Assets
$683,755
Type
Type
EIN
EIN
Application Procedures
Application Procedures

The financial information is based on the most recent 990-PF tax form for 2024

Requirements
Eligibility Details
Eligibility Details
Restriction Details
Restriction Details
Contact Information
General Contact
General Contact
Grants History

You can review tax forms on ProPublica. Learn more about them and the 990.

990s

This is a list of grant recipients noted on the funder’s 990 forms.

This includes forms filed in 2018 and later, so it can include information for tax years earlier than that.

The information below is pulled directly from the form itself without any alterations.

If the details are not included, e.g. “Various”, they may be indicated on the PDF on the IRS site.

Tax Year Recipient City State / Province Country Amount Purpose
CENTER FOR GREAT EXPECTATIONS INC Somerset NJ US $2,500 Funding for counseling support and residential programs
CENTRAL JERSEY HOUSING RESOURCE CENTER Somerville NJ US $5,000 Funding for housing programs
DUNELLEN LIONS CLUB Dunellen NJ US $3,000 Funding to support groups programs to help those with disabilities
ELIJAH'S PROMISE New Brunswick NJ US $2,500 Funding for meal services
FIRST TEE RARITAN VALLEY Kenilworth NJ US $3,000 Funding for youth programs
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Map of Giving
Total Giving
Median Giving
Average Giving
Comparison
Number of Grantees
Total assets

The most recent tax form filed for 2024 lists the following key individuals.

Name Title City State / Province Country
DEBORAH S ALEXANDER Class Ii Board Member New Brunswick NJ US
JOHN REISSNER President New Brunswick NJ US
JOHN S FITZGERALD Class I Board Member New Brunswick NJ US
JON R ANSARI V.p. & Treasurer New Brunswick NJ US
ROBIN E SUYDAM Corporate Secretary & Director New Brunswick NJ US
The full list of key leaders is available to members. Join today!