Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE JAY AND LINDA GRUNIN FOUNDATION
D/B/A GRUNIN FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1027 HOOPER AVENUE BLDG 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TOMS RIVER, NJ08753
A Employer identification number

45-3988913
B Telephone number (see instructions)

(732) 341-5800
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$45,003J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,972,025
2 Check bullet.............
3 Interest on savings and temporary cash investments 99 99  
4 Dividends and interest from securities... 31,853 31,853  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,755,772
b Gross sales price for all assets on line 6a 2,750,642
7 Capital gain net income (from Part IV, line 2)... 1,755,772
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,185    
12 Total. Add lines 1 through 11........ 4,766,934 1,787,724  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 182,418      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 12,399      
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 11,209 112    
c Other professional fees (attach schedule)....        
17 Interest............... 514 514    
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 31,750    
20 Occupancy.............. 12,000 120    
21 Travel, conferences, and meetings....... 21,193 212    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 213,904 2,140    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 485,387 3,098   0
25 Contributions, gifts, grants paid....... 5,240,285 5,240,285
26 Total expenses and disbursements. Add lines 24 and 25 5,725,672 3,098   5,240,285
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -958,738
b Net investment income (if negative, enter -0-) 1,784,626
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 8,871 33,145 33,145
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   11,858 11,858
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,989,462    
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet188,223
Less: accumulated depreciation (attach schedule) bullet188,223      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,998,333 45,003 45,003
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,998,333 45,003
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,998,333 45,003
30 Total liabilities and net assets/fund balances (see instructions). 2,998,333 45,003
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,998,333
2
Enter amount from Part I, line 27a .....................
2
-958,738
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,039,595
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,994,592
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,003
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 62,599SH AT&T INC. D 2003-11-13 2020-03-30
b 2,000SH BRISTOL MEYERS SQUIBB CO D 2011-12-23 2020-03-30
c 3,424SH KRAFT HEINZ CO D 2010-05-25 2020-01-08
d 2,000SH MERCK & CO COMMON D 2011-12-23 2020-03-30
e 2,000SH VERIZON COMMUNICATIONS INC. D 2011-12-23 2020-03-30
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,272,868   673,550 1,599,318
b 109,024   70,330 38,694
c 105,085   95,540 9,545
d 154,440   75,610 78,830
e 109,225   79,840 29,385
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,599,318
b       38,694
c       9,545
d       78,830
e       29,385
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,755,772
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 24,806
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 24,806
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 24,806
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 18,200
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 25,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 86
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 308
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet308 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletGRUNINFOUNDATION.ORG
    14
    The books are in care ofbulletJAY GRUNIN Telephone no.bullet (732) 341-5800

    Located atbulletC/O GRUNIN FOUNDATION1027 HOOPER AVENUE BLDG 1TOMS RIVERNJ ZIP+4bullet08753
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JAY GRUNIN CHAIRMAN
    12.00     		0 0 0
    C/O GRUNIN FOUNDATION
    1027 HOOPER AVENUE BLDG 1
    TOMS RIVER,NJ08753
    JEREMY GRUNIN PRESIDENT
    36.00     		0 0 0
    C/O GRUNIN FOUNDATION
    1027 HOOPER AVENUE BLDG 1
    TOMS RIVER,NJ08753
    HEATHER BARBERI EXECUTIVE DI
    40.00     		182,418 0 0
    C/O GRUNIN FOUNDATION
    1027 HOOPER AVENUE BLDG1
    TOMS RIVER,NJ08753
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    388,236
    b
    Average of monthly cash balances.......................
    1b
    40,369
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    428,605
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    428,605
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,429
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    422,176
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    21,109
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    21,109
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    24,806
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,806
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    0
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    5,240,285
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,240,285
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,240,285
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 675,378
    b From 2016...... 4,724,457
    c From 2017...... 1,908,855
    d From 2018...... 4,480,104
    e From 2019...... 3,662,487
    fTotal of lines 3a through e........ 15,451,281
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,240,285
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 5,240,285
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 20,691,566
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		675,378
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		20,016,188
    10 Analysis of line 9:
    a Excess from 2016.... 4,724,457
    b Excess from 2017.... 1,908,855
    c Excess from 2018.... 4,480,104
    d Excess from 2019.... 3,662,487
    e Excess from 2020.... 5,240,285
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JAY GRUNIN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    200 CLUB OF OCEAN COUNTY
    PO BOX 1749
    POINT PLEASANT BEACH,NJ08742     		PUBLIC CHARITY OPERATING COVID-19 ACTS OF KINDNESS 250
    21 PLUS FOUNDATION INC
    1900 ROUTE 70
    STE 12
    MANCHESTER,NJ08759     		PUBLIC CHARITY OPERATING COVID19 ACTS OF KINDNESS/GEN OP 2,250
    A FAMILY OPTION ADOPTION AGENCY
    1602 LAWRENCE AVE
    STE 109
    OCEAN TOWNSHIP,NJ07712     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    A NEED WE FEED INC
    574 LOXLEY DRIVE
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING COVID-19 ACTS OF KINDNESS/GEN OP 5,750
    AMERICA SALUTES YOU LLC
    6612 MAUGH RD
    MCLEAN,VA22101     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,000
    AMERICAN CANCER SOCIETY
    99 HIGHWAY 37 WEST
    TOMS RIVER,NJ08755     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,000
    AMERICAN NATIONAL RED CROSS
    209 FAIRFIELD ROAD
    FAIRFIELD,NJ07004     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,000
    ART PRIDE NJ FOUNDATION INC
    432 HIGH STREET
    BURLINGTON,NJ08016     		PUBLIC CHARITY OPERATING GENERAL PROGRAM SUPPORT 35,000
    ASBURY PARK MUSIC & FILM FESTIVAL
    PO BOX 21
    RUMSON,NJ07760     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 25,000
    ASHLEY LAUREN FOUNDATION
    309 MORRIS AVENUE STE D
    SPRING LAKE,NJ07762     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 7,500
    BERKELEY TOWNSHIP RECREATION
    630 ATLANTIC CITY BLVD
    BAYVILLE,NJ08721     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 5,000
    BIG BROTHERS BIG SISTERS OF NJ
    305 BOND STREET
    2ND FL
    ASBURY PARK,NJ07712     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 61,000
    BOY SCOUTS OF AMERICA
    705 GINESI DRIVE
    MORGANVILLE,NJ07751     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 5,000
    BOYS&GIRLS CLUB OF MONMOUTH COUNTY
    1201 MONROE AVE
    ASBURY PARK,NJ07712     		PUBLIC CHARITY OPERATING PROJECT L.E.A.D./COVID19/GEN OP 62,500
    BRICK CHILDRENS COMMUNITY THEATRE
    270 CHAMBERS BRIDGE ROAD
    BRICK,NJ08723     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,500
    CAREGIVER VOLUNTEERS OF CENTRAL NJ
    67 RTE 37 W BLDG2 STE201
    TOMS RIVER,NJ08755     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 7,500
    CATHOLIC CHARITIES DIOCESE-TRENTON
    88 SCHOOLHOUSE RD STE1
    WHITING,NJ08759     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT 10,000
    CENTER FOR FAMILY SERVICES
    584 BENSON STREET
    CAMDEN,NJ08103     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    CENTER FOR NON-PROFIT CORPORATIONS
    3635 QUAKERBRIDGE ROAD
    STE 35
    MERCERVILLE,NJ08619     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 28,500
    CENTRASTATE HEALTHCARE FOUNDATION
    225 WILLOW BROOK ROAD
    UNIT 5
    FREEHOLD,NJ07728     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT/GENERAL OP SUPPORT 30,000
    CFC LOUD N CLEAR
    260 CASINO DRIVE
    FARMINGDALE,NJ07727     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    CHRISTOPHER & DANA REEVE FOUNDATION
    636 MORRIS TURNPIKE
    STE 3A
    SHORT HILLS,NJ07078     		PRIVATE FOUNDAT OPERATING ASBURY PARK ACCESSIBILITY 25,000
    COASTAL VOLUNTEERS IN MEDICINE
    730 LACEY RD STE G-09
    FORKED RIVER,NJ08731     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    COLLIER SERVICES INC
    160 CONOVER RD
    WICKATUNK,NJ07765     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    COMMON GROUND GRIEF CENTER
    67 TAYLOR AVENUE
    MANASQUAN,NJ08736     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,500
    COMMUNITY FOUNDATION OF NJ
    PO BOX 338
    MORRISTOWN,NJ07963     		PUBLIC CHARITY OPERATING IMPACT 100 GENERAL SUPPORT 3,633
    COMMUNITY MEDICAL CENTER FOUNDATION
    99 HIGHWAY 37 WEST
    TOMS RIVER,NJ08755     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 7,500
    COMMUNITY SERVICES INC OF OCEAN CTY
    PO BOX 610
    MANAHAWKIN,NJ08050     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT 10,000
    CONGREGATION B'NAI ISRAEL
    1488 OLD FREEHOLD ROAD
    TOMS RIVER,NJ08755     		PUBLIC CHARITY OPERATNG COVID-19 SUPPORT/GEN OP SUPPORT 11,500
    CONTACT CAPE-ATLANTIC
    25 DOLPHIN AVE BLDG D
    NORTHFIELD,NJ08225     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    COUNCIL OF NJ GRANTMAKERS INC
    111 WEST STATE ST
    TRENTON,NJ08608     		PUBLIC CHARITY OPERATING ANNUAL MEMBERSHIP GRANT PORTION 9,310
    COUNT BASIE THEATRE INC
    99 MONMOUTH STREET
    RED BANK,NJ07748     		PUBLIC CHARITY OPERATING CAPITAL/CAPACITY/COVID19/GEN OP 704,055
    COUNTY OF MONMOUTH
    ONE E MAIN ST HALL OF REC
    FREEHOLD,NJ07728     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT - TESTING 250,000
    COVENANT HOUSE ATLANTIC CITY
    227 NSOUTH CAROLINA AVE
    ATLANTIC CITY,NJ08401     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    CPC BEHAVIORAL HEALTHCARE
    10 INDUSTRIAL WAY EAST
    108
    EATONTOWN,NJ07724     		PUBLIC CHARITY OPERATING COVID-19: TECHNOLOGY ASSISTANCE 4,800
    EARTH ANGELS FOR DEMENTIA
    115 RTE 50
    MAYS LANDING,NJ08330     		PUBLIC CHARITY OPERATING COVID-19:ACTS OF KINDNESS 250
    EMMANUEL CANCER FOUNDATION
    67 WALNUT STREET
    CLARK,NJ07066     		PUBLIC CHARITY OPERATING COVID-19:ACTS OF KINDNESS 250
    EXIT 82A TOMS RIVERTHEATRE COMPANY
    34 MAIN STREET STE C
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 7,500
    FOODBANK OF MONMOUTH DBAFULFILL
    3300 NJ RTE 66
    NEPTUNE CITY,NJ07753     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT/GENERAL OP SUPPORT 88,000
    FOODBANK OF SOUTH JERSEY
    1501 JOHN TIPTON BLVD
    PENSAUKEN,NJ08110     		PUBLIC CHARITY OPERATING COVID-19 ACTS OF KINDNESS 250
    FRANCES FD FOR KIDS FIGHTING CANCER
    8 BRYCE ROAD
    HOLMDEL,NJ07733     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 5,000
    GIRL SCOUTS OF JERSEY SHORE
    242 ADELPHIA ROAD
    FARMINGDALE,NJ07727     		PUBLIC CHARITY OPERATING COVID-19 ACTS OF KINDNESS/GEN OP 16,000
    HABCORE INC
    PO BOX 2361
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING STREGTHENING FAMILIES/COVID19 SUPP. 35,000
    HABITAT FOR HUMANITY IN MONMOUTH
    45 SOUTH STREET
    FREEHOLD,NJ07728     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    HACKENSACK MERIDIAN HEALTH INC
    1350 CAMPUS PKWY
    NEPTUNE,NJ07753     		PUBLIC CHARITY OPERATING OMC GME/PCT PROGRAM/COVID19/GEN OP 955,000
    HOLIDAY EXPRESS INC
    151 INDUSTRIAL WAY EAST
    STE A4
    EATONTOWN,NJ07724     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000
    HOMES NOW INC
    2141 RTE 88 EAST STE1
    BRICK,NJ08724     		PUBLIC CHARITY OPERATING COVID-19:ACTS OF KINDNESS 250
    HOPE SHEDS LIGHT INC
    253 CHESTNUT STREET
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000
    HOUSE OF HOPE OF OCEAN CNTY
    253 CHESTNUT STREET
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    INTERFAITH HEALTH & SUPPORT
    1140 RTE 72W
    MANAHAWKIN,NJ08050     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    INTERFAITH HOSPITALITY NETWORK
    407 LEXINGTON AVE
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING COVID-19:ACTS OF KINDNESS 250
    INTERFAITH NEIGHBORS INC
    810 4TH AVENUE
    ASBURY PARK,NJ07712     		PUBLIC CHARITY OPERATING GEN OP/COVID19 GEN & ACTS OF KINDNES 11,750
    JEMMS FOUNDATION
    467 EWOODBRIDGE AVE
    AVENEL,NJ07001     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    JEWISH FAMILY SVCS OF ATLANTIC CNTY
    607 NJEROME AVE
    MARGATE,NJ08402     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    JEWISH FEDERATION OF OCEAN CNTY
    1235A RTE 70
    LAKEWOOD,NJ08701     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    JF PARTY DRAGON CHARITY INC
    804 MAIN STREET
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    LADACIN NETWORK
    1703 KNEELEY BLVD
    WANAMASSA,NJ07712     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    LIGHTHOUSE INTERNATIONAL FILM FEST
    104 FAIRVIEW AVENUE
    BEACH HAVNE,NJ08008     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,000
    LUNCHBREAK
    121 DRS JAMES PARKER BLVD
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING GEN OP/COVID19 GEN&ACTS OF KINDNESS 85,250
    MOCEANS CTR FOR INDEPENDENT LIVING
    565 BROADWAY
    LONG BRANCH,NJ07740     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    MONMOUTH COUNTY ARTS COUNCIL INC
    105 MONMOUTH STREET
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING GEN OP/EMERGING ARTIST SUPPORT 4,000
    MONMOUTH DAY CARE CENTER
    9 DRS JAMES PARKER BLVD
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,000
    MONMOUTH MEDICAL CENTER FOUNDATION
    300 2ND AVENUE
    LONG BRANCH,NJ07740     		PUBLIC CHARITY OPERATING SIM LAB/RWJB SOUTHERN REGION COVID19 850,000
    MONMOUTH PARK CHARITY FUND
    175 OCEANPORT AVENUE
    OCEANPORT,NJ07757     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 26,000
    MOVE FOR HUNGER
    4 HENDRICKSON AVE STE4
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    MUDGIRLS STUDIO
    203 HELENA DRIVE
    LINWOOD,NJ08221     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    NEW JERSEY THEATRE ALLIANCE
    7 KING PLACE
    MORRISTOWN,NJ07960     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT 25,000
    NEW YORK UNIVERSITY SCHOOL OF LAW
    25 WEST 4TH ST 4TH FL
    NEW YORK,NY10012     		PUBLIC CHARITY OPERATING AWARD CEREMONY 2,935
    NJ ARTS EDUCATION PARTNERSHIP INC
    16 MOUNT BETHEL RD STE202
    WARREN,NJ07059     		PUBLIC CHARITY OPERATING GEN OP SUPPORT ARTS ED NJ 30,000
    NJ ARTS EDUCATION PARTNERSHIP INC
    16 MOUNT BETHEL RD STE202
    WARREN,NJ07059     		PUBLIC CHARITY OPERATING GOVERNOR'S AWARDS IN ARTS EDU. 10,000
    OCEAN CNTY FD VOCATIONAL&TECH EDU
    137 BEA LEA RD
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 3,000
    OCEAN CNTY FRIEND OF NAVY LAKEHURST
    PO BOX 5421
    TOMS RIVER,NJ08754     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 25,000
    OCEAN COUNTY COLLEGE FOUNDATION
    PO BOX 2001 COLLEGE DRIVE
    TOMS RIVER,NJ08753     		PUBLIC CHARITY SCHOOL GRUNIN CENTER/OCVTS PAA/COVID19 733,750
    OCEAN COUNTY LIBRARY FOUNDATION
    101 WASHINGTON STREET
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,500
    OCEAN COUNTY YMCA
    1088 WEST WHITTY RD
    TOMS RIVER,NJ08755     		PUBLIC CHARITY OPERATING GEN OP/COVID-19 SUPPORT 60,000
    OCEAN OF LOVE INC
    1709 RTE 37E
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING COVID-19; ACTS OF KINDNESS 250
    OPERATION WARM INC
    PO BOX 822431
    PHILADELPHIA,PA19182     		PUBLIC CHARITY OPERATING OPERATION WARM COAT SUPPORT 5,000
    PANTHERS EATOCEAN RD PTO
    1238 SHERMAN AVE
    POINT PLEASANT,NJ08742     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    PARENTS IN CONNECTION FOR KIDS INC
    1257 HERKIMER RD
    BRICK,NJ08720     		PUBLIC CHARITY OPERATING GENERAL OPERATING 500
    PARKER FAMILY HEALTH CENTER INC
    211 SHREWSBURY AVE
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 23,400
    PHILANTHROPY NEW YORK
    320 E 43RD STREET
    NEW YORK,NY10017     		PUBLIC CHARITY OPERATING ANNUAL MEMBERSHIP GRANT PORTION 5,650
    PINWHEEL PLACE
    PO BOX 257
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    PREFERRED BEHAVIORAL HEALTH OF NJ
    PO BOX 2036
    LAKEWOOD,NJ08701     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,000
    PRINCETON AREA COMMUNITY FOUNDATION
    15 PRINCESS ROAD
    LAWRENCEVILLE,NJ08648     		PUBLIC CHARITY OPERATING NJ ARTS & CULTURE RECOVERY FUND 250,000
    RETIRED SENIOR VOLUNTEER PROG OF OC
    1027 HOOPER AVE
    PO BOX 0547
    TOMS RIVER,NJ08754     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 3,000
    RONALD MCDONALD HOUSE OF CENT NJ
    131 S BATH AVE
    LONG BRANCH,NJ07740     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 2,500
    RUMSON COUNTRY DAY SCOOL
    PO BOX 52
    RUMSON,NJ07760     		PUBLIC CHARITY OPERATING HORIZONS AT JERSEY SHORE/GEN OP SUPP 5,000
    RURAL DEVELOPMENT CORPORATION
    6140 MAYS LANDING RD
    VINELAND,NJ08361     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    SALVATION ARMY OCEAN COUNTY CITADEL
    1738 ROUTE 37 EAST
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 5,531
    SENIOR CITIZENS ACTIVITIES NETWORK
    MONMOUTH MALL 180 NJ-35
    EATONTOWN,NJ07724     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 3,500
    SIMON'S SOUP KITCHEN
    PO BOX 551
    SEASIDE PARK,NJ08752     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    SOCIETY FOR PREV OF TEEN SUICIDE
    110 WEST MAIN STREET
    FREEHOLD,NJ07728     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 2,500
    SPECIAL OLYMPICS NEW JERSEY INC
    36 GARDEN AVE
    ISLAND HEIGHTS,NJ08732     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,000
    SPRINGPOINT FOUNDATION INC
    4814 OUTLOOK DRIVE 201
    WALL TWP,NJ07753     		PUBLIC CHARITY OPERATING GEN OP/COVID-19 SUPPORT 17,500
    SUPPORT CENTER FOR NONPROFIT MGT
    32 OLD SLIP
    24TH FLOOR
    NEW YORK,NY10005     		PUBLIC CHARITY OPERATING GRUNIN CAPACITY 75,000
    TEAM RED WHITE & BLUE INC
    PO BOX 744947
    ATLANTA,GA30374     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 516
    THE BLOOM FOUNDATION
    716 NEWMAN SPRINGS RD117
    LINCROFT,NJ07738     		PUBLIC CHARITY OPERATING COVID-19:ACTS OF KINDNESS 250
    THE TRENTON CIVIL CIRCUS PROJECT
    675 S CLINTON AVENUE
    TRENTON,NJ08611     		PUBLIC CHARITY OPERATING ASBURY PARK SUMMER RESIDENCY/GEN OP 15,000
    TIGGER HOUSE FOUNDATION
    PO BOX 276
    RED BANK,NJ07701     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 5,000
    TOMS RIVER ARTIST COMMUNITY
    53 MAIN STREET
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,750
    TOMS RIVER FIELD OF DREAMS
    37 HARPERS FERRY RD
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING CAPITAL SUPPORT/GENERAL OP SUPPORT 10,000
    TOMS RIVER PBA LOCAL 137 CIVIC ASSO
    PO BOX 5011
    TOMS RIVER,NJ08754     		PUBLIC CHARITY OPERATING VEST-A-COP 2020 FUNDRAISER 20,000
    TOMS RIVER REGIONAL SCHOOLS
    1144 HOOPER AVENUE
    TOMS RIVER,NJ08753     		PUBLIC CHARITY SCHOOL SUITE 360 PROGRAM SUPPORT 37,000
    UNITED WAY OF MONMOUTH&OCEAN COUNTY
    4814 OUTLOOK DRIVE STE107
    WALL TOWNSHIP,NJ07753     		PUBLIC CHARITY OPERATING GENERAL OP/COVID-19 SUPPORT 215,500
    VETGROUP INC
    103 NMAIN STREET
    FORKED RIVER,NJ08731     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000
    WOMEN'S CENTER FOR ENTREPRENEURSHIP
    311 MAIN STREET
    CHATHAM,NJ07928     		PUBLIC CHARITY OPERATING GROWTH VENTURE PROGRAM 20,855
    YOUNG AUDIENCES OF NJ
    200 FORRESTAL ROAD
    PO BOX 3175
    PRINCETON,NJ08540     		PUBLIC CHARITY OPERATING ARTS LAB/APLI/COVID-19 95,000
    YOUNG MENS CHRISTIAN ASSOCIATION
    170 PATTERSON AVE
    SHREWSBURY,NJ07702     		PUBLIC CHARITY OPERATING CAPACITY/COVID19 GEN&ACTS OF KINDNES 55,250
    ZZAK G APPLAUD OUR KIDS FOUNDATION
    PO BOX 994
    BARNEGAT,NJ08005     		PUBLIC CHARITY OPERATING GEN OP/COVID19 ACTS OF KINDNESS 17,750
    VIN GOPAL CIVIC ASSOCIATION
    97 APPLE STREET
    TINTON FALLS,NJ07724     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT - TESTING 4,000
    VNA HEALTH GROUP OF NJ LLC
    23 MAIN STREET STE D1
    HOLMDEL,NJ07733     		PUBLIC CHARITY OPERATING COVID-19 SUPPORT 10,000
    WORLD WILDLIFE FUND
    1250 24TH ST NW
    WASHINGTON,DC20037     		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 100
    YOUR GRANDMOTHERS CUPBOARD
    173 A ROUTE 37W
    TOMS RIVER,NJ08755     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    HOMES FOR ALL
    309 HOOPER AVE
    TOMS RIVER,NJ08753     		PUBLIC CHARITY OPERATING COVID-19: ACTS OF KINDNESS 250
    Total .................................bullet 3a 5,240,285
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 99  
    4 Dividends and interest from securities....     14 31,853  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,755,772  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL INCOME TAX REFUND     		    18 7,185  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,794,909  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,794,909
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE JAY AND LINDA GRUNIN FOUNDATION
    D/B/A GRUNIN FOUNDATION
    Employer identification number

    45-3988913
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE JAY AND LINDA GRUNIN FOUNDATION
    D/B/A GRUNIN FOUNDATION         		Employer identification number
    45-3988913
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JAY GRUNIN
    9 CRANMOOR DRIVE
     
    TOMS RIVER, NJ08753

    		$ 2,809,994


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JEREMY GRUNIN
    25 CRANMOOR DRIVE
     
    TOMS RIVER, NJ08753

    		$ 162,031


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE JAY AND LINDA GRUNIN FOUNDATION
    D/B/A GRUNIN FOUNDATION         		Employer identification number

    45-3988913
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE JAY AND LINDA GRUNIN FOUNDATION
    D/B/A GRUNIN FOUNDATION         		Employer identification number

    45-3988913
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE JAY AND LINDA GRUNIN FOUNDATION
     
    D/B/A GRUNIN FOUNDATION
    EIN:
    45-3988913
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,209 112    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    THE JAY AND LINDA GRUNIN FOUNDATION
     
    D/B/A GRUNIN FOUNDATION
    EIN:
    45-3988913
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER SOFTWARE 2019-12-02 15,473 15,473   3.0000        
    WEBSITE DEVELOPMENT 2019-07-01 141,000 141,000   3.0000        
    COMPUTER EQUIPMENT 2020-07-01 9,806   200DB 5.0000 9,806      
    COMPUTER SOFTWARE 2020-07-01 12,944     3.0000 12,944      
    WEBSITE DEVELOPMENT 2020-07-01 9,000     3.0000 9,000      

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE JAY AND LINDA GRUNIN FOUNDATION
     
    D/B/A GRUNIN FOUNDATION
    EIN:
    45-3988913
    Name of Stock End of Year Book Value End of Year Fair Market Value
    62,599 SH AT&T    
    2,000 SH BRISTOL MYERS SQUIBB    
    2,000 SH MERCK AND COMPANY    
    2,000 SH VERIZON COMMUNICATIONS    
    3,424 SH KRAFT HEINZ COMPANY    

    TY 2020 LandEtcSchedule2
    Name:
    THE JAY AND LINDA GRUNIN FOUNDATION
     
    D/B/A GRUNIN FOUNDATION
    EIN:
    45-3988913
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      188,223 188,223    


    TY 2020 OtherDecreasesSchedule
    Name:
    THE JAY AND LINDA GRUNIN FOUNDATION
     
    D/B/A GRUNIN FOUNDATION
    EIN:
    45-3988913
    Description Amount
    DECREASE IN FMV OF SECURITIES 1,994,592


    TY 2020 OtherExpensesSchedule
    Name:
    THE JAY AND LINDA GRUNIN FOUNDATION
     
    D/B/A GRUNIN FOUNDATION
    EIN:
    45-3988913
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    PROMOTION - BRAND AWARENESS 20,795 208    
    INSURANCE EXPENSE 3,349 34    
    NJ REGISTRATION FEES 30      
    BANK CHARGES 463 5    
    DUES AND SUBSCRIPTIONS 6,568 66    
    INTERNET 2,164 22    
    OFFICE EXPENSE 6,505 65    
    OFFICE SUPPLIES 9,737 97    
    IT-SUPPORT SERVICES 5,000 50    
    PROJECT CATAPULT SEMINAR EXPE 82,869 829    
    INTERNAL STRATEGIC GOVERNAN T 76,424 764    


    TY 2020 OtherIncomeSchedule2
    Name:
    THE JAY AND LINDA GRUNIN FOUNDATION
     
    D/B/A GRUNIN FOUNDATION
    EIN:
    45-3988913
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL INCOME TAX REFUND 7,185