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 PROVIDENT BANK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)250 MADISON AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORRISTOWN, NJ07960
A Employer identification number

04-3739441
B Telephone number (see instructions)

(732) 590-9350
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$19,262,404J Accounting method:
MODIFIED CASH
(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 Check bullet.............
3 Interest on savings and temporary cash investments 91 91  
4 Dividends and interest from securities... 829,159 829,159  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 197,954
b Gross sales price for all assets on line 6a 2,135,418
7 Capital gain net income (from Part IV, line 2)... 197,954
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).......      
12 Total. Add lines 1 through 11........ 1,027,204 1,027,204  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 147,731 0   147,731
14 Other employee salaries and wages...... 80,099 0   80,099
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 26,100 13,050   13,050
c Other professional fees (attach schedule).... Click to see attachment 104,521 44,988   59,533
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,126 0   0
19 Depreciation (attach schedule) and depletion... 6,895 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 54,788 0   54,788
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 432,260 58,038   355,201
25 Contributions, gifts, grants paid....... 949,540 949,540
26 Total expenses and disbursements. Add lines 24 and 25 1,381,800 58,038   1,304,741
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -354,596
b Net investment income (if negative, enter -0-) 969,166
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.............      
2 Savings and temporary cash investments......... 536,182 507,620 507,620
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.......... 18,465 18,465 18,465
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 24,305,401 Click to see attachment18,724,743 18,724,743
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 bullet100,269
Less: accumulated depreciation (attach schedule) bullet88,693 18,471 11,576 11,576
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,878,519 19,262,404 19,262,404
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 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........... 24,878,519 19,262,404
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)..... 24,878,519 19,262,404
30 Total liabilities and net assets/fund balances (see instructions). 24,878,519 19,262,404
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
24,878,519
2
Enter amount from Part I, line 27a .....................
2
-354,596
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
24,523,923
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,261,519
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
19,262,404
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 PUBLICLY TRADED SECURITIES P    
b
c
d
e
(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 2,135,418   1,937,464 197,954
b
c
d
e
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       197,954
b
c
d
e
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 2 197,954
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 13,471
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 0
3 Add lines 1 and 2........................... 3 13,471
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,471
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,471
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
 
No
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)
    bullet
    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 .Click to see attachment
    8b
     
    No
    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 addressbulletWWW.THEPROVIDENTBANKFOUNDATION.ORG
    14
    The books are in care ofbulletGEORGE DAILEY JR THE FDN Telephone no.bullet (732) 590-9350

    Located atbullet100 WOOD AVENUE SOUTHISELINNJ ZIP+4bullet088302727
    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
     
    No
    ........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
     
    No
    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
    DR CARLOS HERNANDEZ PH D CHAIRMAN
    1.00     		0 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    CHRISTOPHER MARTIN PRESIDENT AND DIRECTOR
    1.75     		0 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    JOHN KUNTZ SECRETARY
    1.75     		0 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    GEORGE DAILEY JR SEE STMT 8 TREASURER
    5.00     		14,577 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    SAMANTHA PLOTINO SEE STMT 8 EXECUTIVE DIRECTOR
    37.50     		87,595 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    JANE KUREK SEE STMT 8 FORMER EXECUTIVE DIRECTOR
    37.50     		37,559 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    KAREN MCMULLEN DIRECTOR
    1.00     		4,000 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    JEFFRIES SHEIN DIRECTOR
    1.00     		4,000 0 0
    250 MADISON AVENUE
    MORRISTOWN,NJ07960
    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 0
    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
    THE PROVIDENT BANKClick to see attachment SEE STATEMENT #8 305,886
    100 WOOD AVENUE SOUTH
    ISELIN,NJ08830
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    17,118,284
    b
    Average of monthly cash balances.......................
    1b
    449,614
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,567,898
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    17,567,898
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    263,518
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,304,380
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    865,219
    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
    865,219
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    13,471
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,471
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    851,748
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    851,748
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    851,748
    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
    1,304,741
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    1,304,741
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,304,741
    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 7 851,748
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 238,633
    b From 2016...... 183,285
    c From 2017...... 79,686
    d From 2018...... 210,296
    e From 2019...... 499,827
    fTotal of lines 3a through e........ 1,211,727
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,304,741
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 851,748
    e Remaining amount distributed out of corpus 452,993
    5 Excess distributions carryover applied to 2020. 0 0
    (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 1,664,720
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		238,633
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,426,087
    10 Analysis of line 9:
    a Excess from 2016.... 183,285
    b Excess from 2017.... 79,686
    c Excess from 2018.... 210,296
    d Excess from 2019.... 499,827
    e Excess from 2020.... 452,993
    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).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SAMANTHA PLOTINO EXECUTIVE DIRECTOR
    THE PROVIDENT BANK FOUNDATION 250
    MADISON AVE
    MORRISTOWN,NJ07960
    (862) 260-3990
    SAMANTHA.PLOTINO@PROVIDENT.BANK
    bThe form in which applications should be submitted and information and materials they should include:
    IF YOUR ORGANIZATION IS SEEKING A GRANT, THE BEST PLACE TO START IS TO REVIEW PBF GRANT GUIDELINES. PLEASE REFER TO WWW.THEPROVIDENTBANKFOUNDATION.ORG FOR INFORMATION. IF YOU HAVE QUESTIONS, CONTACT THE PBF OFFICE AT FOUNDATION@PROVIDENT.BANK TO SCHEDULE A TIME TO REVIEW YOUR QUESTIONS. AFTER REVIEWING THE GUIDELINES, APPLICATION LINKS CAN BE ACCESSED THROUGH THE APPLICATION SECTION OF THE ABOVE REFERENCED WEBSITE.
    cAny submission deadlines:
    PLEASE REFER TO DETAILS INDICATED ON WWW.THEPROVIDENTBANKFOUNDATION.ORG IN THE APPLICATION SECTION.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATIONS SEEKING FUNDING FROM THE PROVIDENT BANK FOUNDATION MUST BE CERTIFIED AS A TAX EXEMPT PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS NOT A PRIVATE FOUNDATION" UNDER SECTION 509(A)(1) OR 509(A)(2). PBF SEEKS GRANTEE ORGANIZATIONS THAT SHOW PASSION FOR THEIR MISSION AND MEET HIGH STANDARDS OF GOVERNANCE, ACCOUNTABILITY, AND FISCAL MANAGEMENT.
    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
    180 TURNING LIVES AROUND INC
    1 BETHANY ROAD BUILDING 3 STE 42
    HAZLET,NJ07730     		NONE PC MONMOUTH COUNTY FAMILY JUSTICE CENTER 20,000
    ADULT DAY CENTER OF SOMERSET COUNTY
    872 E MAIN ST
    BRIDGEWATER,NJ088073395     		NONE PC GENERAL OPERATING SUPPORT 5,000
    ALLEGRO SCHOOL INC
    125 RIDGEDALE AVE
    CEDAR KNOLLS,NJ07927     		NONE PC TECHNOLOGY TOOLS ENHANCING ABA IMPLEMENTATION 7,500
    AMERICA NEEDS YOU
    201 MONTGOMERY STREET 2ND FLOOR
    JERSEY CITY,NJ07302     		NONE PC NEW JERSEY FELLOWS PROGRAM (HUDSON COUNTY ONLY) 7,500
    AMERICA'S GROW-A-ROW
    150 PITTSTOWN ROAD
    PITTSTOWN,NJ08867     		NONE PC GENERAL OPERATING SUPPORT 5,000
    ANN SILVERMAN COMMUNITY HEALTH CLINIC
    595 WEST STATE STREET
    DOYLESTOWN,PA18901     		NONE PC ANN SILVERMAN COMMUNITY HEALTH CLINIC 3,500
    BERGEN VOLUNTEER CENTER
    64 PASSAIC STREET
    HACKENSACK,NJ07601     		NONE PC CHORE PROGRAM TEANECK, DUMONT, AND LEONIA ONLY 2,500
    BERGEN VOLUNTEER MEDICAL INITIATIVE INC
    75 ESSEX STREET SUITE 100
    HACKENSACK,NJ07601     		NONE PC GENERAL OPERATING SUPPORT 5,000
    BIG BROTHERS BIG SISTERS OF COASTAL & NORTHERN NEW JERSEY
    305 BOND STREET 2ND FLOOR
    ASBURY PARK,NJ077127010     		NONE PC ONE-TO-ONE YOUTH MENTORING 15,000
    BIG BROTHERS BIG SISTERS OF ESSEX HUDSON & UNION COUNTIES
    500 BROAD STREET 2ND FLOOR
    NEWARK,NJ07040     		NONE PC MENTORING FROM A DISTANCE 5,000
    BLOOMFIELD COLLEGE
    467 FRANKLIN STREET
    BLOOMFIELD,NJ07003     		NONE PC BLOOMFIELD COLLEGE SCHOLARSHIP EVENING 2,500
    BOYS & GIRLS CLUB OF MONMOUTH COUNTY
    1201 MONROE AVENUE
    ASBURY PARK,NJ07712     		NONE PC BGCM BOUNDLESS 3,000
    BRAIN INJURY ALLIANCE OF NEW JERSEY
    825 GEORGES ROAD FLOOR 2
    NORTH BRUNSWICK,NJ08902     		NONE PC C.A.R.E.S. CARE MANAGEMENT PROGRAM 3,000
    BUCKS COUNTY COMMUNITY COLLEGE FOUNDATION
    275 SWAMP ROAD
    NEWTOWN,PA18940     		NONE PC ULTRASOUND TECHNOLOGISTS: A CRITICAL HEALTHCARE NEED FOR THE COMMUNITY 15,000
    CALAIS SCHOOL
    45 HIGHLAND AVENUE
    WHIPPANY,NJ07981     		NONE PC THE ANIMAL ASSISTED INTERVENTION (AAI) THERAPY PROGRAM 15,000
    CAREGIVER VOLUNTEERS OF CENTRAL JERSEY
    67 ROUTE 37 WEST RIVERWOOD PLAZA 2
    STE 201
    TOMS RIVER,NJ08755     		NONE PC INCREASE TECHNOLOGY TO INCREASE VOLUNTEER ENGAGEMENT AND IMPACT 10,000
    CARING CONTACT
    PO BOX 2376
    WESTFIELD,NJ07091     		NONE PC PREPARING FOR 988: BUILDING HOTLINE CAPACITY 15,000
    CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEWARK
    590 NORTH 7TH STREET
    NEWARK,NJ07107     		NONE PC CLEANING SUPPLIES FOR FOUR EMERGENCY SHELTERS 5,000
    CENTER FOR HOPE AND SAFETY
    12 OVERLOOK AVENUE
    ROCHELLE PARK,NJ07662     		NONE PC LEGAL SERVICES PROGRAM FOR VICTIMS OF DOMESTIC VIOLENCE AND THEIR FAMILIES 10,000
    CENTER FOR NON PROFIT CORPORATIONS
    3635 QUAKERBRIDGE ROAD SUITE 5
    MERCERVILLE,NJ08619     		NONE PC RECKONING, RESHAPING, REBUILDING: 2020 VIRTUAL NEW JERSEY NON-PROFIT CONFERENCE 3,500
    CENTER JERSEY HOUSING RESOURCE CENTER
    92 EAST MAIN STREET SUITE 407
    SOMERVILLE,NJ08876     		NONE PC HOUSING RESOURCE CENTER PROGRAMS 2,500
    CHILD CARE RESOURCES OF MONMOUTH COUNTY INC
    3301C ROUTE 66 PO BOX 1234
    NEPTUNE,NJ07754     		NONE PC MONMOUTH COUNTY DIAPER BANK 2,250
    COUNCIL OF NEW JERSEY GRANTMAKERS
    111 WEST STATE STREET
    TRENTON,NJ086081101     		NONE PC THE COUNCIL OF NEW JERSEY GRANTMAKERS 2020 ANNUAL MEETING AND HOLIDAY GATHERING 2,500
    COURT APPOINTED SPECIAL ADVOCATES OF MONMOUTH COUNTY INC
    400 STATE ROUTE 34 2ND FLOOR
    COLTS NECK,NJ07722     		NONE PC ADVOCACY FOR ABUSED & NEGLECTED CHILDREN IN FOSTER CARE 3,500
    COURT APPOINTED SPECIAL ADVOCATES OF NEW JERSEY INC
    77 CHURCH STREET
    NEW BRUNSWICK,NJ089011242     		NONE PC IMPROVING EDUCATIONAL ADVOCACY AND OUTCOMES FOR YOUTH IN FOSTER CARE 10,000
    DENTAL LIFELINE NETWORK - NEW JERSEY
    PO BOX 2117
    EDISON,NJ08818     		NONE PC NEW JERSEY DONATED DENTAL SERVICES (DDS) - WARREN, MORRIS, HUNTERDON COUNTIES 7,500
    EMBRACE KIDS FOUNDATION
    121 SOMERSET STREET
    NEW BRUNSWICK,NJ08901     		NONE PC EMBRACING KIDS WITH CHRONIC ILLNESSES 5,000
    EVA'S VILLAGE
    393 MAIN STREET
    PATERSON,NJ07501     		NONE PC GENERAL OPERATING SUPPORT 5,000
    FAIRLEIGH DICKINSON UNIVERSITY
    1000 RIVER ROAD H-DH3-13
    TEANECK,NJ07666     		NONE PC PRE-COLLEGIATE STEM DISCOVERY PROGRAM 15,000
    FAMILY CONNECTIONS INC
    7 GLENWOOD AVENUE SUITE 101
    EAST ORANGE,NJ07017     		NONE PC MIGRATION OF SERVICES TO VIRTUAL PLATFORMS 5,000
    FAMILY PROMISE OF HUNTERDON COUNTY INC
    10 EAST MAIN STREET
    FLEMINGTON,NJ088221208     		NONE PC SHELTERING FAMILIES IN HUNTERDON COUNTY NEIGHBORS HELPING NEIGHBORS 2,000
    FELICIAN UNIVERSITY
    1 FELICIAN WAY
    RUTHERFORD,NJ07644     		NONE PC FELICIAN UNIVERSITY INTERNSHIP FUND 10,000
    FLEMINGTON FOOD PANTRY
    154 ROUTE 31 NORTH
    FLEMINGTON,NJ08822     		NONE PC NUTRITION AND HEALTH PROGRAM 5,000
    FOUNDATION AT NEW JERSEY INSTITUTE OF TECHNOLOGY
    323 DR MARTIN LUTHER KING JR BLVD
    UNIVERSITY HEIGHTS
    NEWARK,NJ07102     		NONE PC PRODUCTION OF FACE SHIELDS FOR EMERGENCY RESPONDERS 5,000
    FREEDOM HOUSE INC
    2004 ROUTE 31 NORTH SUITE 9
    CLINTON,NJ08809     		NONE PC SUPPORTING RECOVERY AND FAMILY REUNIFICATION SERVICES IN NEW JERSEY 15,000
    GARDEN STATE EPISCOPAL COMMUNITY DEVELOPMENT CORPORATION
    118 SUMMIT AVENUE
    JERSEY CITY,NJ07304     		NONE PC DROP-IN CENTER FOR HOMELESS FAMILIES 5,000
    GEORGIAN COURT UNIVERSITY
    900 LAKEWOOD AVENUE
    LAKEWOOD,NJ08701     		NONE PC NEWBORN TORY NEONATAL SIMULATOR FOR CLINICAL NURSING EDUCATION 24,500
    GERIATRICS SERVICES INC
    300 TEANECK ROAD
    TEANECK,NJ07666     		NONE PC PORTABLE ASSISTED LIVING SERVICES (PALS) 7,500
    GIGI'S PLAYHOUSE HILLSBOROUGH LLC
    450 AMWELL ROAD SUITE H
    HILLSBOROUGH,NJ08844     		NONE PC LIVING INDEPENDENTLY IS FOR EVERYONE (L.I.F.E.) 3,000
    HANDS IN 4 YOUTH
    256 MACOPIN ROAD
    WEST MILFORD,NJ07480     		NONE PC CAMP VACAMAS FOR JERSEY CITY YOUTH 10,000
    HOBOKEN CHARTER SCHOOL INC
    713 WASHINGTON STREET
    HOBOKEN,NJ07030     		NONE PC RESTORATIVE JUSTICE PROGRAM 20,000
    HOLY NAME HEALTH CARE FOUNDATION
    718 TEANECK ROAD
    TEANECK,NJ07666     		NONE PC PERSONAL PROTECTIVE EQUIPMENT (PPE) 5,000
    HOMELESS SOLUTIONS
    3 WING DRIVE SUITE 245
    CEDAR KNOLLS,NJ07927     		NONE PC HOMELESS SOLUTIONS DOMESTIC VIOLENCE COUNSELING TRAINING 15,000
    HOMESHARING
    120 FINDERNE AVE
    BRIDGEWATER,NJ088073670     		NONE PC SHARED AFFORDABLE HOUSING 3,000
    HUDSON COUNTY CASA
    422 HOBOKEN AVENUE
    JERSEY CITY,NJ07306     		NONE PC PROJECT HELPING HANDS 5,000
    HUDSON COUNTY CHAMBER FOUNDATION INC
    150 HUDSON STREET SUITE 100
    JERSEY CITY,NJ07311     		NONE PC #HUDSONGIVES 5,000
    HUDSON PRIDE CENTER
    PO BOX 8116
    JERSEY CITY,NJ07308     		NONE PC AFABULOUS: COMMUNITY RESOURCE DEVELOPMENT FOR INDIVIDUALS ASSIGNED FEMALE AT BIRTH 50,000
    HUNTERDON COUNTY YMCA
    1410 ROUTE 22 WEST
    ANNANDALE,NJ08801     		NONE PC COMMUNITY OUTREACH SERVICES AND EMERGENCY CHILDCARE 5,000
    HYACINTH AIDS FOUNDATION
    317 GEORGE STREET SUITE 203
    NEW BRUNSWICK,NJ08901     		NONE PC S.H.E. COMES FIRST (SEXUAL HEALTH EMPOWERMENT) 10,000
    JBWS
    PO BOX 1437
    MORRISTOWN,NJ07962     		NONE PC DATING ABUSE PREVENTION PROGRAM 3,000
    JEWISH COMMUNITY CENTER OF MIDDLESEX COUNTY
    1775 OAK TREE ROAD
    EDISON,NJ08820     		NONE PC VARIOUS SOUNDS OF MUSIC AT THE JCC 10,000
    JEWISH FAMILY & CHILDREN'S SERVICES OF GREATER MERCER COUNTY
    707 ALEXANDER ROAD SUITE 102
    PRINCETON,NJ08540     		NONE PC FOOD DISTRIBUTION VIA MOBILE FOOD PANTRY AND BRICK AND MORTAR FOOD PANTRY EAST WINDSOR & HIGHTSTOWN 12,500
    JEWISH FAMILY SERVICE OF SOMERSET HUNTERDON & WARREN COUNTIES
    150A WEST HIGH STREET
    SOMERVILLE,NJ088761854     		NONE PC SENIOR SERVICE CARE MANAGEMENT AND COUNSELING PROGRAM 3,000
    JEWISH FAMILY SERVICES OF MIDDLESEX COUNTY
    32 FORD AVE 2ND FLOOR
    MILLTOWN,NJ08850     		NONE PC FOOD PANTRIES 5,000
    LITERACY NEW JERSEY INC
    100 MENLO PARK DRIVE SUITE 314
    EDISON,NJ08837     		NONE PC ADULT LITERACY PROGRAMS IN OCEAN COUNTY 2,500
    LITERACY VOLUNTEERS OF MORRIS COUNTY
    16 ELM STREET
    MORRISTOWN,NJ07960     		NONE PC SUPPORT FOR ADULT LITERACY PROGRAM 2,500
    MEALS ON WHEELS OF THE GREATER LEHIGH VALLEY
    4240 FRITCH DRIVE
    BETHLEHEM,PA180209344     		NONE PC GENERAL OPERATING SUPPORT 5,000
    MENTAL HEALTH ASSOCIATION IN PASSAIC COUNTY
    404 CLIFTON AVENUE
    CLIFTON,NJ07011     		NONE PC MINDFULNESS-BASED PLAY FAMILY THERAPY FOR LOW-INCOME FAMILIES 7,500
    MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS INC
    33 SOUTH FULLERTON AVENUE
    MONTCLAIR,NJ07042     		NONE PC INTEGRATED CASE MANAGEMENT SERVICES 2,500
    MENTAL HEALTH ASSOCIATION OF MONMOUTH COUNTY INC
    106 APPLE STREET SUITE 110
    TINTON FALLS,NJ07724     		NONE PC RED BANK RESOURCE NETWORK (RBRN) 2,500
    MERCY CENTER
    1106 MAIN ST
    ASBURY PARK,NJ077125925     		NONE PC MERCY CENTERS FOOD PANTRY 2,500
    MIDDLESEX COUNTY RECREATION COUNCIL KIDDIE KEEP WELL CAMP
    35 ROOSEVELT DRIVE
    EDISON,NJ08837     		NONE PC KIDDIE KEEP WELL CAMP 15,000
    MONMOUTH MEDICAL CENTER FOUNDATION
    300 SECOND AVENUE
    LONG BRANCH,NJ07740     		NONE PC PERSONAL PROTECTIVE EQUIPMENT (PPE) 5,000
    MONMOUTH UNIVERSITY
    400 CEDAR AVENUE
    WEST LONG BRANCH,NJ07764     		NONE PC NURSING SKILLS LAB CAPACITY BUILDING INITIATIVE 4,890
    MONTCLAIR STATE UNIVERSITY FOUNDATION
    1 NORMAL AVENUE
    MONTCLAIR,NJ07043     		NONE PC MIXLAB - IMMEDIATE PRODUCTION OF PPES FOR AREA HOSPITALS 5,000
    MOVE FOR HUNGER
    4 HENDRICKSON AVENUE SUITE 4
    RED BANK,NJ07701     		NONE PC GENERAL OPERATING SUPPORT 5,000
    NEW BETHANY MINISTRIES
    333 WEST 4TH STREET
    BETHLEHEM,PA18015     		NONE PC DIGITAL CHOICE FOOD PANTRY 7,500
    NEW JERSEY CHAMBER OF COMMERCE FOUNDATION
    216 WEST STATE STREET THIRD FLOOR
    TRENTON,NJ08608     		NONE PC JOBS FOR NEW JERSEY'S GRADUATES NEWARK, CARTERET, AND NEW BRUNSWICK ONLY 5,000
    NEW JERSEY CITY UNIVERSITY
    2039 JOHN F KENNEDY BOULEVARD
    HEPBURN HALL ROOM 315
    JERSEY CITY,NJ07305     		NONE PC NEW JERSEY COUNCIL FOR ECONOMIC EDUCATION (NJCEE) AT NJCU 3,000
    NEW JERSEY INSTITUTE FOR DISABILITIES INC
    10A OAK DRIVE - ROOSEVELT PARK
    EDISON,NJ08837     		NONE PC ALIANZA/WISE OWLS CLUB 10,000
    NEW JERSEY PERFORMING ARTS CENTER (NJPAC)
    1 CENTER STREET
    NEWARK,NJ07102     		NONE PC NJPAC PROFESSIONAL DEVELOPMENT 10,000
    NEWARK ARTS COUNCIL
    17 ACADEMY STREET 702
    NEWARK,NJ07112     		NONE PC FOUR CORNERS PUBLIC ARTS 10,000
    NEWARK BETH ISRAEL MEDICAL CENTER
    201 LYONS AVENUE
    NEWARK,NJ071122027     		NONE PC PERSONAL PROTECTIVE EQUIPMENT (PPE) 5,000
    NORTHEAST COMMUNITY CENTER
    PO BOX 1463
    BETHLEHEM,PA18016     		NONE PC EMERGENCY FOOD PANTRY 5,000
    NORTHERN NEW JERSEY COUNCIL BOY SCOUTS OF AMERICA
    25 RAMAPO VALLEY ROAD
    OAKLAND,NJ074361709     		NONE PC SCOUTREACH - SUPPORTING BOY SCOUTS OF AMERICA PROGRAMS IN HARD TO SERVE NEIGHBORHOODS IN HUDSON COUNTY 5,000
    OCEAN MEDICAL CENTER FOUNDATION
    1340 CAMPUS PARKWAY BUILDING C UNIT
    4N
    NEPTUNE,NJ07753     		NONE PC PERSONAL PROTECTIVE EQUIPMENT (PPE) 5,000
    PACE EDUCATION
    234 WILLIAM LIVINGSTON CT
    PRINCETON,NJ08540     		NONE PC PERSONALIZED ACADEMIC COACHING EAST WINDSOR AND WEST WINDSOR ONLY 2,000
    PARTNERS FOR WOMEN AND JUSTICE
    650 BLOOMFIELD AVENUE SUITE 209
    BLOOMFIELD,NJ07003     		NONE PC DV PRO BONO PROGRAM 20,000
    PENNSYLVANIA ASSOCIATION OF NONPROFIT ORGANIZATIONS (PANO)
    4801 LINDLE ROAD
    HARRISBURG,PA17111     		NONE PC NONPROFIT COVID-19 RECOVERY TRAINING 3,000
    PROJECT OF EASTON INC
    320 FERRY ST
    EASTON,PA180424539     		NONE PC PROJECTS ADULT AND FAMILY LITERACY PROGRAMS 10,000
    RIPPLE COMMUNITY INC
    1335 W LINDEN ST
    ALLENTOWN,PA18102     		NONE PC COMMUNITY BUILDING CENTER 5,000
    RISING TIDE CAPITAL
    384 MARTIN LUTHER KING DRIVE
    JERSEY CITY,NJ073053715     		NONE PC SMALL BUSINESS RESILIENCE AND RECOVERY INITIATIVE 20,000
    SALVATION ARMY
    2200 HAMILTON STREET SUITE 200
    ALLENTOWN,PA18104     		NONE PC THE HALO PROJECT (HEALING, ATTACHMENT, LOVING, OUTREACH) FOR TEENS 10,000
    SANAR WELLNESS INSTITUTE
    PO BOX 32353
    NEWARK,NJ07066     		NONE PC BUILDING HEALING RELATIONSHIPS WITH TRAUMA SURVIVORS 10,000
    SCHOLARSHIP FUND FOR INNER-CITY CHILDREN
    171 CLIFTON AVENUE
    NEWARK,NJ07104     		NONE PC AN AFTERNOON OF BLACK MUSIC AND ART 2,000
    SIERRA HOUSE
    134 EVERGREEN PLACE SUITE 103
    EAST ORANGE,NJ070182011     		NONE PC THE SIERRA HOUSE TRANSITIONAL PROGRAM 15,000
    SOCIETY FOR THE PREVENTION OF TEEN SUICIDE INC
    110 WEST MAIN STREET
    FREEHOLD,NJ07728     		NONE PC ACTS: ADOLESCENT CLINICIAN TRAINING FOR SUICIDE PREVENTION 100,000
    SOUP KITCHEN 411
    PO BOX 1698
    BETHLEHEM,PA18016     		NONE PC FEEDNJ - PERTH AMBOY ONLY 2,500
    SPECTRUM FOR LIVING
    210 RIVERDALE ROAD SUITE 3
    RIVER VALE,NJ07675     		NONE PC EDISON GROUP HOME 100 & 300 KITCHEN RENOVATIONS 10,000
    STATE THEATRE NEW JERSEY ADMINISTRATIVE OFFICES
    9 LIVINGSTON AVENUE
    NEW BRUNSWICK,NJ08901     		NONE PC COMMUNITY ACCESS INITIATIVE 25,000
    STUDENTS 2 SCIENCE
    66 DEFOREST AVENUE
    EAST HANOVER,NJ07936     		NONE PC INSPIRING NEXT GENERATION OF STEM LEADERS 10,000
    SUMMIT MEDICAL GROUP FOUNDATION
    890 MOUNTAIN AVENUE SUITE 305
    NEW PROVIDENCE,NJ07974     		NONE PC HEALTHY TOMORROWS COMMUNITY OUTREACH 15,000
    SUSAN G KOMEN NEW JERSEY
    2 PRINCESS ROAD SUITE D
    LAWRENCEVILLE,NJ08648     		NONE PC 2020 METASTATIC BREAST CANCER CONFERENCE 5,000
    TABLE TO TABLE
    PO BOX 1051
    ENGLEWOOD CLIFFS,NJ07604     		NONE PC GENERAL OPERATING SUPPORT 5,000
    TEAM WALKER
    373 COMMUNIPAW AVE
    JERSEY CITY,NJ073043723     		NONE PC AFTER SCHOOL PROGRAM (K-3) 3,000
    THE HOBOKEN SHELTER
    300 BLOOMFIELD STREET
    HOBOKEN,NJ07030     		NONE PC GENERAL OPERATING SUPPORT 5,000
    THE NEWARK MUSEUM OF ART
    49 WASHINGTON STREET
    NEWARK,NJ07102     		NONE PC PROVIDING VIRTUAL EDUCATION ON DIVERSITY AND AMERICAN IDENTITY (DAI) TO FIFTH GRADE STUDENTS IN NEWARK PUBLIC SCHOOLS 10,000
    THE RWJ UNIVERSITY HOSPITAL FOUNDATION INC
    PO BOX 156
    NEW BRUNSWICK,NJ08903     		NONE PC PERSONAL PROTECTIVE EQUIPMENT (PPE) 5,000
    THE SUMMIT AREA YMCA
    99 MORRIS AVENUE
    SUMMIT,NJ07901     		NONE PC LOL CHARITY AUCTION & COMEDY EVENT 1,000
    TRINITAS HEALTH FOUNDATION
    PO BOX 259
    ELIZABETH,NJ07207     		NONE PC PERSONAL PROTECTIVE EQUIPMENT (PPE) 5,000
    TRUE MENTORS INC
    PO BOX 6264
    HOBOKEN,NJ07030     		NONE PC TM FRESH PRODUCE WORKSHOPS 2,500
    VALLEY YOUTH HOUSE COMMITTEE INC
    3400 HIGH POINT BLVD
    BETHLEHEM,PA18017     		NONE PC RAPID RE-HOUSING PROGRAM FOR FAMILIES WITH CHILDREN 13,000
    VANTAGE HEALTH SYSTEM INC
    2 PARK AVENUE
    DUMONT,NJ07628     		NONE PC MEDICATION ASSISTED OPIOID TREATMENT 10,000
    VETS CHAT INC
    2460 LEMOINE AVENUE STAFF 400
    FORT LEE,NJ07024     		NONE PC THE VETS CHAT AND CHEW PROGRAM CHEF AND PROGRAM SUPPLIES ONLY 2,400
    VISITING NURSE ASSOCIATION HEALTH GROUP OF NEW JERSEY
    23 MAIN STREET SUITE D1
    HOLMDEL,NJ07733     		NONE PC GENERAL OPERATING SUPPORT 5,000
    VOLUNTEERS OF AMERICA PENNSYLVANIA INC
    730 WEST UNION STREET
    ALLENTOWN,PA18101     		NONE PC CHILDRENS CENTER OF VOLUNTEERS OF AMERICA PA 10,000
    YMCA UNION COUNTY
    PO BOX 462
    KENILWORTH,NJ07033     		NONE PC DOMESTIC VIOLENCE COMMUNITY SUPPORT SERVICES 3,000
    YOGI BERRA MUSEUM & LEARNING CENTER
    8 YOGI BERRA DR
    LITTLE FALLS,NJ07424     		NONE PC DISCOVER GREATNESS ONLINE EDITION 10,000
    YORK STREET PROJECT
    89 YORK STREET
    JERSEY CITY,NJ07302     		NONE PC ST. JOSEPH'S HOUSING & SUPPORTIVE SERVICES 15,000
    Total .................................bullet 3a 949,540
    bApproved for future payment
    Total .................................bullet 3b 0
    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 91  
    4 Dividends and interest from securities....     14 829,159  
    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 ............     		    18 197,954  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,027,204 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,027,204
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONDON O'MEARA MCGINTY & DONNELLY LLP - AUDIT & TAX SERVICES 26,100 13,050   13,050

    TY 2020 ContractorCompensationExpln
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Contractor Explanation
    THE PROVIDENT BANK THE PROVIDENT BANK PAID (OR WAS REIMBURSED BY THE FOUNDATION) IN THE AMOUNT OF $305,886, AS REPORTED ON PART VIII, LINE 3, FOR THE FOLLOWING SERVICES:1. $139,731 - GEORGE DAILEY, JR., TREAS., SAMANTHA PLOTINO, EXEC. DIR. & JANE KUREK, FMR. EXEC. DIR. (STMT #7);2. $80,099 - OTHER EMPLOYEE SALARIES AND WAGES (PART I, LINE 14);3. $37,741 - FIDUCIARY TRUST FEES (STMT #2); AND4. $48,315 - ADMINISTRATIVE SERVICES (STMT #2).

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Statement:
    IN ACCORDANCE WITH THE REQUIREMENTS OF THE NEW JERSEY CHARITIES REGISTRATION ACT, THE FOUNDATION IS NOT REQUIRED TO SUBMIT THE FORM 990-PF TO NEW JERSEY BECAUSE THE FOUNDATION DOES NOT SOLICIT CONTRIBUTIONS FROM NEW JERSEY RESIDENTS.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PROVIDENT FINANCIAL SVCS INC COM 14,757,733 14,757,733
    ARK INNOVATION 189,847 189,847
    ISHARES CORE S&P SMALL 253,828 253,828
    ISHARES GOLD ETF 196,529 196,529
    ISHARES IBOXX 157,227 157,227
    ISHARES TR IS 310,276 310,276
    PACER BNCHMRK DT 193,733 193,733
    PIMCO ENHNCD SHRT MATRTY 502,649 502,649
    SELECT SECTOR INDUSTRIAL 391,568 391,568
    VANGUARD FTSE DEVELOPED 531,160 531,160
    VANGUARD FTSE EMERGING 122,369 122,369
    VANGUARD TOTAL STOCK MARKET ETF 615,257 615,257
    JPMORGAN ULTRA SHORT 502,567 502,567

    TY 2020 OtherDecreasesSchedule
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Description Amount
    CHANGE IN UNREALIZED VALUE OF INVESTMENTS 5,261,519


    TY 2020 OtherExpensesSchedule
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNICATIONS 40,675 0   40,675
    OTHER ADMINISTRATIVE SERVICES 13,198 0   13,198
    OTHER 915 0   915


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BLACKBAUD SOFTWARE 18,465 0   18,465
    ADMINISTRATIVE SERVICES 48,315 7,247   41,068
    FIDUCIARY TRUST FEES 37,741 37,741   0


    TY 2020 TaxesSchedule
    Name:
    THE PROVIDENT BANK FOUNDATION
    EIN:
    04-3739441
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 12,126 0   0