The Valley Foundation Inc

EIN 223473532

Wayne, NJ 07470 |(973) 686-5017

Total Given 2020–2022
$312K
4 grants · $104K avg/year
based on 3 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$7K
typical small grants · $5K–$80K
grant size
0%
transactional · single-year
repeat
$326K
Assets (2021)
4
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 $292,481 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 No — Preselected Only
Phone (973) 686-5017

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2020 $9K $244K $9K 1
2021 $10K $326K $12K 2
2022 $292K $0 $103K 1

Grant Size Distribution

Based on 4 grants on record

Minimum
$5K
25th Pctl
$5K
Median
$7K
Average
$78K
75th Pctl
$80K
Maximum
$292K

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 $292,481 General Charitable Purposes of Donee Organization. 2022
Habitat for Humanity of Bergen County Westwood, NJ $9,250 General Charitable Purposes of Donee Organization 2020
Friends of Karen Inc New York, NY $5,000 GENERAL CHARITABLE PURPOSES OF DONEE ORGANIZATION. 2021
Hackensack Meridian Health Foundation Edison, NJ $5,000 GENERAL CHARITABLE PURPOSES OF DONEE ORGANIZATION. 2021