Valley National Bancorp Charitable

EIN 203760448

Wayne, NJ 07470 |(973) 686-5017

Total Given 2020–2022
$444K
4 grants · $148K avg/year
based on 3 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$18K
typical small grants · $13K–$115K
grant size
33%
supporter · 1/3 multi-year
repeat
$457K
Assets (2021)
3
Distinct Recipients

About

On 12/31/2022 the foundation board of directors voted to distribute all foundation assets to Fidelity Charitable, 100 Crosby Parkway, Covington, KY 41015, a public charity that had been in existence and publicly supported for over 60 months at the time of the distribution. Accordingly, the foundation assets were liquidated and $407,021 in cash, constituting all the foundation's net assets, was distributed to this organization. Foundation status is therefore terminated under Internal Revenue Code section 507(b)(1)(A) by distribution of all net assets to an organization described in that section. The foundation corporation plans to terminate in 2023 but did not do so prior to the end of 2022. The "final return" box is checked on page 1, however, because of the 507(b)(1)(A) termination of foundation status.

Application Information

Accepts Unsolicited Proposals Unknown
Contact Person Bernadette Mueller
Phone (973) 686-5017
Deadlines none
How to Apply A STATEMENT OF FUNDING REQUIREMENTS.
Restrictions none

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2020 $18K $413K $11K 2
2021 $18K $457K $6K 1
2022 $407K $0 $94K 1

Grant Size Distribution

Based on 4 grants on record

Minimum
$1K
25th Pctl
$13K
Median
$18K
Average
$111K
75th Pctl
$115K
Maximum
$407K

Geographic Distribution

US Grant Distribution Map

Officers & Directors

YS
Yvonne Surowiec
President Leadership
BM
Bernadette Mueller
Vice President Leadership
MF
Mark Fernandez
Vice President Leadership
SP
Sara Palmer
Vice President Leadership
DM
Daniel McCarty
Vice President Leadership
TZ
Tina Zarkadas
Treasurer Leadership
MC
Mitchell Crandell
Assistant Treasurer Leadership
IR
Ira Robbins
Director
TI
Thomas Iadanza
Director

Grants Awarded (4 total)

Purpose
Valley Workplace Giving-Fidelity Charitable Covington, KY $407,021 General charitable purposes of donee organization. 2022
Vaughn College of Aeronautics & Technology Flushing, NY $18,000 General Charitable Purposes of Donee Organization. 2021
Vaughn College of Aeronautics & Technology Flushing, NY $17,500 General Charitable Purposes of Donee Organization. 2020
Tomorrow Children's Fund Hackensack, NJ $1,000 General Charitable Purposes of Donee Organization. 2020