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
KEARNYBANK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)120 PASSAIC AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FAIRFIELD, NJ070043510
A Employer identification number

47-3699249
B Telephone number (see instructions)

(973) 244-4510
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$12,439,473J 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 3,147 3,147  
4 Dividends and interest from securities... 275,899 275,899  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 450,270
b Gross sales price for all assets on line 6a 5,867,623
7 Capital gain net income (from Part IV, line 2)... 450,270
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 2,000 0  
12 Total. Add lines 1 through 11........ 731,316 729,316  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 37,254 0   37,254
c Other professional fees (attach schedule).... Click to see attachment 50,519 50,519   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,500 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,653 13   18,640
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 123,926 50,532   55,894
25 Contributions, gifts, grants paid....... 658,699 658,699
26 Total expenses and disbursements. Add lines 24 and 25 782,625 50,532   714,593
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -51,309
b Net investment income (if negative, enter -0-) 678,784
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............. 214,600 186,622 186,622
2 Savings and temporary cash investments......... 461,956 157,186 157,186
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 659,246 Click to see attachment925,138 925,138
b Investments—corporate stock (attach schedule)....... 9,374,113 Click to see attachment5,426,299 5,426,299
c Investments—corporate bonds (attach schedule)....... 668,921 Click to see attachment982,706 982,706
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,517,183 Click to see attachment4,761,522 4,761,522
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,896,019 12,439,473 12,439,473
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........... 13,896,019 12,439,473
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)..... 13,896,019 12,439,473
30 Total liabilities and net assets/fund balances (see instructions). 13,896,019 12,439,473
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
13,896,019
2
Enter amount from Part I, line 27a .....................
2
-51,309
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,844,710
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,405,237
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,439,473
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      
b CAPITAL GAINS DIVIDENDS P    
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 5,779,594   5,417,353 362,241
b 88,029     88,029
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       362,241
b       88,029
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 2 450,270
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 9,435
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 9,435
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 9,435
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 13,717
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,217
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 11,782
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet11,782 RefundedBullet 11 0
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)
    bulletDE
    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 addressbulletN/A
    14
    The books are in care ofbulletCRAIG L MONTANARO Telephone no.bullet (973) 244-4510

    Located atbullet120 PASSAIC AVEFAIRFIELDNJ ZIP+4bullet070043510
    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
    CRAIG L MONTANARO DIRECTOR, PRESIDENT, SECRETARY
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    ERIC B HEYER DIRECTOR, TREASURER
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    JOHN HOPKINS DIRECTOR
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    JOHN MAZUR DIRECTOR
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    DR JOSEPH MAZZA DIRECTOR
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    MATT MCCLANE DIRECTOR (THRU 01/2020)
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    CATHERINE MILONE DIRECTOR
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    LEO MONTANARO DIRECTOR
    1.00     		0 0 0
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    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
    BRANCH BANKING & TRUST CO INVESTMENT MANAGEMENT 50,519
    PO BOX 2907
    WILSON,NC278972907
    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
    10,871,821
    b
    Average of monthly cash balances.......................
    1b
    454,766
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,326,587
    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
    11,326,587
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    169,899
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,156,688
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    557,834
    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
    557,834
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,435
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,435
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    548,399
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,000
    5
    Add lines 3 and 4............................
    5
    550,399
    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
    550,399
    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
    714,593
    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
    714,593
    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
    714,593
    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 7 550,399
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 302,246
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 714,593
    a Applied to 2019, but not more than line 2a 302,246
    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..... 412,347
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		138,052
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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:
    TARYN CLAUS
    120 PASSAIC AVE
    FAIRFIELD,NJ070043510
    (973) 244-4503
    TCLAUS@KEARNYFEDERALSAVINGS.NET
    bThe form in which applications should be submitted and information and materials they should include:
    FOR AN APPLICATION PLEASE VISIT HTTPS://WWW.KEARNYBANK.COM/KEARNY-BANK-FOUNDATION.ASPX
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE ORGANIZATION APPLYING MUST BE A PUBLIC CHARITY AS DEFINED UNDER THE INTERNAL REVENUE CODE AND MEET APPLICATION REGULATIONS. THE ORGANIZATION MUST BE LOCATED IN BERGEN, ESSEX, HUDSON, MIDDLESEX, MORRIS, MONMOUTH, OCEAN, PASSAIC OR UNION COUNTIES IN NEW JERSEY OR KINGS OR RICHMOND COUNTIES IN NEW YORK.
    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
    1 BETHANY ROAD BLDG 3 STE 42
    HAZLET,NJ07730     		N/A PC HOUSING 5,000
    55 KIP CENTER
    55 KIP AVENUE
    RUTHERFORD,NJ07070     		N/A PC QUALITY OF LIFE 50,000
    ASBURY PARK HIGH SCHOOL
    1003 SUNSET AVENUE
    ASBURY PARK,NJ07712     		N/A PC EDUCATION 1,000
    ATLANTICARE FOUNDATION INC
    2500 ENGLISH CREEK AVENUE SUITE 601
    EGG HARBOR TOWNSHIP,NJ08234     		N/A PC CORONAVIRUS/QUALITY OF LIFE 40,000
    AXELROD PERFORMING ARTS CENTER
    100 GRANT AVENUE
    DEAL PARK,NJ07723     		N/A PC COMMUNITY 10,000
    BECTON REGIONAL HIGH SCHOOL
    120 PATERSON AVENUE
    EAST RUTHERFORD,NJ07073     		N/A PC EDUCATION 1,000
    BIG BROTHERS BIG SISTERS OF COASTAL NJ
    305 BOND STREET
    ASBURY PARK,NJ07712     		N/A PC COMMUNITY 2,500
    BLOOMINGDALE SENIOR CENTER
    101 HAMBURG TURNPIKE
    BLOOMINGDALE,NJ07403     		N/A PC QUALITY OF LIFE 2,500
    BROOKDALE COMMUNITY COLLEGE FOUNDATION TRUST
    765 NEWMAN SPRINGS ROAD
    LINCROFT,NJ07738     		N/A PC EDUCATION 5,000
    CENTER FOR FOOD ACTION NJ
    192A W DEMAREST AVENUE
    ENGLEWOOD,NJ07631     		N/A PC COMMUNITY 5,000
    CENTER FOR FOOD ACTION NJ
    192A W DEMAREST AVENUE
    ENGLEWOOD,NJ07631     		N/A PC COMMUNITY/QUALITY OF LIFE 15,000
    CENTER FOR HOPE AND SAFETY
    12 OVERLOOK AVENUE
    ROCHELLE PARK,NJ07662     		N/A PC HOUSING/QUALITY OF LIFE 5,000
    CHILDHOOD LEUKEMIA FOUNDATION INC
    807 MANTOLOKING RD STE 202
    BRICK,NJ08723     		N/A PC QUALITY OF LIFE 7,525
    CHILTON MEDICAL CARE FOUNDATION
    97 WEST PARKWAY
    POMPTON PLAINS,NJ07444     		N/A PC CORONAVIRUS/QUALITY OF LIFE 50,000
    CITY GREEN
    171 GROVE STREET
    CLIFTON,NJ07013     		N/A PC COMMUNITY 2,500
    CLIFTON HIGH SCHOOL
    333 COLFAX AVENUE
    CLIFTON,NJ07013     		N/A PC EDUCATION 1,000
    COMMUNITY MEDICAL CENTER FOUNDATION
    99 HIGHWAY 37 WEST
    TOMS RIVER,NJ08755     		N/A PC QUALITY OF LIFE 5,000
    CPC BEHAVIORAL HEALTHCARE
    10 INDUSTRIAL WAY EAST SUITE 108
    EATONTOWN,NJ07724     		N/A PC QUALITY OF LIFE 2,500
    CROHN'S & COLITIS FOUNDATION INC
    45 WILSON AVENUE
    MANALAPAN,NJ07726     		N/A PC QUALITY OF LIFE 8,000
    EVA'S VILLAGE INC
    393 MAIN STREET
    PATERSON,NJ07501     		N/A PC COMMUNITY/QUALITY OF LIFE 15,000
    EVERSIGHT NEW JERSEY INC
    77 BRANT AVENUE
    CLARK,NJ07066     		N/A PC QUALITY OF LIFE/EYE BANK 10,000
    FAIR LAWN HIGH SCHOOL
    14-00 BERDAN AVENUE
    FAIR LAWN,NJ07410     		N/A PC EDUCATION 1,000
    FRANKLIN SCHOOL PTA LYNDHURST DIGITAL SIGN
    3650 STUYVESANT AVENUE
    LYNDHURST,NJ07071     		N/A PC COMMUNITY 7,000
    GARFIELD HIGH SCHOOL
    500 PALISADE AVENUE
    GARFIELD,NJ07026     		N/A PC EDUCATION 1,000
    GIRL SCOUTS OF THE JERSEY SHORE
    242 ADELPHIA ROAD
    FARMINGDALE,NJ07727     		N/A PC COMMUNITY 5,000
    GIRLS SCOUTS OF NORTHERN NJ
    95 NEWARK POMPTON TURNPIKE
    RIVERDALE,NJ07457     		N/A PC COMMUNITY 10,000
    GOOD COUNSEL INC
    PO BOX 6068
    HOBOKEN,NJ07030     		N/A PC QUALITY OF LIFE/EDUCATION 5,000
    HABCORE INC
    PO BOX 2361
    RED BANK,NJ07701     		N/A PC HOUSING 15,000
    HABITAT FOR HUMANITY OF BERGEN COUNTY
    121 CARVER AVENUE
    WESTWOOD,NJ07675     		N/A PC HOUSING 10,000
    HABITAT FOR HUMANITY OF GREATER NEWARK
    PO BOX 32189
    NEWARK,NJ07102     		N/A PC HOUSING 50,000
    HARRISON EDUCATION FOUNDATION
    501 HAMILTON STREET
    HARRISON,NJ07029     		N/A PC EDUCATION 1,000
    HOMESHARING INC
    120 FINDERNE AVENUE
    BRIDGEWATER,NJ08807     		N/A PC HOUSING 5,000
    IN PURPOSE ON PURPOSE COMMUNITY DEVELOPMENT CORPORATION INC
    290 SEAVIEW AVENUE
    JERSEY CITY,NJ07305     		N/A PC QUALITY OF LIFE 4,200
    ISRAEL SPORTS EXCHANGE
    100 LANIDEX PLAZA SUITE 100
    PARSIPPANY,NJ07054     		N/A PC COMMUNITY 5,000
    JAMES CALDWELL HIGH SCHOOL
    265 WESTVILLE AVENUE
    WEST CALDWELL,NJ07006     		N/A PC EDUCATION 1,000
    JONATHAN DAYTON HIGH SCHOOL
    139 MOUNTAIN AVENUE
    SPRINGFIELD,NJ07081     		N/A PC EDUCATION 1,000
    LACEY BRANCH OF THE OCEAN COUNTY LIBRARY
    10 E LACEY ROAD
    FORKED RIVER,NJ08731     		N/A PC COMMUNITY 5,000
    LACEY TOWNSHIP HIGH SCHOOL
    73 HAINES STREET
    LANOKA HARBOR,NJ08734     		N/A PC EDUCATION 1,000
    LAKELAND REGIONAL HIGH SCHOOL
    205 CONKLINTOWN ROAD
    WANAQUE,NJ07465     		N/A PC EDUCATION 1,000
    LITERACY NEW JERSEY INC
    100 MENLO PARK DRIVE SUITE 314
    EDISON,NJ08837     		N/A PC EDUCATION 7,000
    LONG BRANCH HIGH SCHOOL
    404 INDIANA AVENUE
    LONG BRANCH,NJ07740     		N/A PC EDUCATION 1,000
    LUNCH BREAK INC
    121 DRS JAMES PARKER BLVD
    RED BANK,NJ07701     		N/A PC COMMUNITY/QUALITY OF LIFE 5,000
    LUPUS FOUNDATION OF AMERICA
    315 WEST 36TH STREET
    NEW YORK,NY10018     		N/A PC FUNDRAISER 10,000
    LYNDHURST HIGH SCHOOL
    400 WEART AVENUE
    LYNDHURST,NJ07071     		N/A PC EDUCATION 1,000
    MEADOWLANDS YMCA
    390 MURRAY HILL PARKWAY
    EAST RUTHERFORD,NJ07073     		N/A PC COMMUNITY 50,000
    MONMOUTH MEDICAL CENTER FOUNDATION INC
    600 RIVER AVENUE ANNEX BLDG E
    LAKEWOOD,NJ08701     		N/A PC QUALITY OF LIFE 5,000
    MONMOUTH MEDICAL CENTER FOUNDATION INC
    600 RIVER AVENUE ANNEX BLDG E
    LAKEWOOD,NJ08701     		N/A PC CORONAVIRUS/QUALITY OF LIFE 5,400
    MONTCLAIR SCHOLARSHIP FUND
    100 CHESTNUT STREET
    MONTCLAIR,NJ07042     		N/A PC EDUCATION 1,000
    MONTVILLE HIGH SCHOOL
    100 HORSENECK ROAD
    MONTVILLE,NJ07045     		N/A PC EDUCATION 1,000
    MORE THAN BOOTSTRAPS
    421 HIGHLAND AVENUE
    WESTFIELD,NJ07090     		N/A PC EDUCATION/COMMUNITY 2,500
    NATIONAL COUNCIL JEWISH WOMEN ESSEX COUNTY
    70 S ORANGE AVE SUITE 120
    LIVINGSTON,NJ07039     		N/A PC COMMUNITY/EDUCATION 15,000
    NEW CITY KIDS INC
    511 EAST 22ND STREET
    PATERSON,NJ07514     		N/A PC COMMUNITY 5,500
    NORTH ARLINGTON HIGH SCHOOL
    222 RIDGE ROAD
    NORTH ARLINGTON,NJ07031     		N/A PC EDUCATION 1,000
    NORTHERN NJ COUNCIL - BOY SCOUTS OF AMERICA
    25 RAMAPO VALLEY ROAD
    OAKLAND,NJ07436     		N/A PC COMMUNITY 5,000
    NORTHERN VALLEY REGIONAL HIGH SCHOOL
    100 CENTRAL AVENUE
    OLD TAPPAN,NJ07675     		N/A PC EDUCATION 1,000
    OCEAN TOWNSHIP HIGH SCHOOL
    550 WEST PARK AVENUE
    OAKHURST,NJ07755     		N/A PC EDUCATION 1,000
    OLD BRIDGE HIGH SCHOOL
    4209 ROUTE 516
    MATAWAN,NJ07747     		N/A PC EDUCATION 1,000
    PASCACK VALLEY HIGH SCHOOL
    200 PIERMONT AVENUE
    HILLSDALE,NJ07642     		N/A PC EDUCATION 1,000
    POINT PLEASANT BOROUGH HIGH SCHOOL
    808 LAURA HERBERT DRIVE
    POINT PLEASANT,NJ08742     		N/A PC EDUCATION 1,000
    PRESCHOOL ADVANTAGE INC
    25 LINDSLEY DRIVE SUITE 307
    MORRISTOWN,NJ07960     		N/A PC COMMUNITY/QUALITY OF LIFE 3,000
    PROJECT GRADUATION OF WAYNE VALLEY HIGH SCHOOL
    35 WOODLOT ROAD
    WAYNE,NJ07470     		N/A PC COMMUNITY 3,000
    PROJECT LITERACY OF GREATER BERGEN COUNTY
    355 MAIN STREET
    HACKENSACK,NJ07601     		N/A PC EDUCATION 3,500
    RAMAPO HIGH SCHOOL
    331 GEORGE STREET
    FRANKLIN LAKES,NJ07417     		N/A PC EDUCATION 1,000
    ROBESON CLASSIC FOOTBALL ALL-STARS INC
    PO BOX 252
    ROSELAND,NJ07068     		N/A PC COMMUNITY 10,000
    RUTHERFORD HIGH SCHOOL
    176 PARK AVENUE
    RUTHERFORD,NJ07070     		N/A PC EDUCATION 1,000
    SPOTSWOOD HIGH SCHOOL
    105 SUMMERHILL ROAD
    SPOTSWOOD,NJ08884     		N/A PC EDUCATION 1,000
    ST JOSEPH'S HEALTH INC
    703 MAIN STREET
    PATERSON,NJ07503     		N/A PC CORONAVIRUS/QUALITY OF LIFE 50,000
    ST PAUL'S COMMUNITY DEVELOPMENT CORPORATION
    456 VAN HOUTEN STREET
    PATERSON,NJ07501     		N/A PC COMMUNITY/FOOD PANTRY 10,000
    THE ARC OCEAN COUNTY CHAPTER
    815 CEDARBRIDGE AVENUE
    LAKEWOOD,NJ08701     		N/A PC COMMUNITY 2,000
    THE JILLIAN FUND
    PO BOX 582
    MONTVALE,NJ07645     		N/A PC QUALITY OF LIFE 5,000
    THE LACEY FOOD BANK INC
    102 STATION DRIVE
    FORKED RIVER,NJ08731     		N/A PC QUALITY OF LIFE 3,000
    THE OASIS HAVEN FOR WOMEN & CHILDREN INC
    59 MILL STREET
    PATERSON,NJ08753     		N/A PC CORONAVIRUS/QUALITY OF LIFE 10,000
    TOMS RIVER FIELD OF DREAMS INC
    37 HARPERS FERRY ROAD
    TOMS RIVER,NJ08753     		N/A PC COMMUNITY 1,700
    TOMS RIVER HIGH SCHOOL SOUTH
    55 HYERS STREET
    TOMS RIVER,NJ08753     		N/A PC EDUCATION 1,000
    URBAN LEAGUE OF ESSEX COUNTY
    508 CENTRAL AVENUE
    NEWARK,NJ07107     		N/A PC CORONAVIRUS/QUALITY OF LIFE 10,000
    WALLINGTON HIGH SCHOOL
    234 MAIN AVENUE
    WALLINGTON,NJ07057     		N/A PC EDUCATION 1,000
    WAYNE BOARD ED
    50 NELLIS DRIVE
    WAYNE,NJ07470     		N/A PC EDUCATION 2,000
    WAYNE D ZITT JR CIVIC ASSOCIATION
    407 79TH STREET
    NORTH BERGEN,NJ07047     		N/A PC COMMUNITY 16,874
    WAYNE HILLS HIGH SCHOOL
    272 BERDAN AVENUE
    WAYNE,NJ07470     		N/A PC EDUCATION 1,000
    WAYNE VALLEY HIGH SCHOOL
    551 VALLEY ROAD
    WAYNE,NJ07470     		N/A PC EDUCATION 1,000
    WOMEN'S CENTER FOR ENTREPRENEURSHIP
    311 MAIN STREET
    CHATHAM,NJ07928     		N/A PC COMMUNITY/EDUCATION 10,000
    WOOD-RIDGE MEMORIAL FOUNDATION
    PO BOX 166
    WOOD RIDGE,NJ07075     		N/A PC COMMUNITY 1,500
    WOUNDED WARRIOR PROJECT
    4899 BELFORT ROAD SUITE 300
    JACKSONVILLE,FL32256     		N/A PC QUALITY OF LIFE 10,000
    YOUTH CONSULTATION SERVICE
    25 EAST SALEM STREET 3RD FL
    HACKENSACK,NJ07601     		N/A PC QUALITY OF LIFE/GOLF OUTING SPONSOR 8,000
    Total .................................bullet 3a 658,699
    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 3,147  
    4 Dividends and interest from securities....     14 275,899  
    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 ............     		    18 450,270  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRESCINDED GRANTS     		    01 2,000  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 731,316 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    731,316
    (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:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL STATEMENT AUDIT AND TAX RETURN PREPARATION 37,254 0   37,254

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC DTD 4.250% DUE 11/14/28 15,000.000 FACE VALUE 17,984 17,984
    ADVANCE AUTO PARTS DTD 1.750% DUE 10/1/27 20,000.000 FACE VALUE 20,312 20,312
    AMERICAN ELECTRIC POWER DTD 3.200% DUE 11/13/27 17,000.000 FACE VALUE 19,039 19,039
    APPLE INC DTD 3.450% DUE 5/6/24 17,000.000 FACE VALUE 18,720 18,720
    AT&T INC DTD 4.500% DUE 5/15/35 13,000.000 FACE VALUE 15,775 15,775
    BANK OF AMERICA CORP DTD 2.831% DUE 10/24/51 9,000.000 FACE VALUE 9,388 9,388
    BANK OF AMERICA CORP DTD 3.300% DUE 1/11/23 17,000.000 FACE VALUE 18,024 18,024
    BANK OF MONTREAL DTD 2.500% DUE 6/28/24 18,000.000 FACE VALUE 19,185 19,185
    BERKSHIRE HATHAWAY INC DTD 3.125% DUE 3/15/26 13,000.000 FACE VALUE 14,525 14,525
    BOSTON PROPERTIES LP DTD 3.400% DUE 6/21/29 16,000.000 FACE VALUE 17,860 17,860
    BP CAPITAL MARKETS DTD 3.017% DUE 1/16/27 13,000.000 FACE VALUE 14,062 14,062
    CAPITAL ONE FIN CO DTD 3.200% DUE 2/5/25 17,000.000 FACE VALUE 18,550 18,550
    CISCO SYSTEMS INC DTD 5.500% DUE 1/15/40 6,000.000 FACE VALUE 8,980 8,980
    CITIGROUP INC DTD 5.875% DUE 1/30/42 12,000.000 FACE VALUE 18,226 18,226
    COCA-COLA CO DTD 2.125% DUE 9/6/29 18,000.000 FACE VALUE 19,261 19,261
    COMCAST CORP DTD 4.150% DUE 10/15/28 16,000.000 FACE VALUE 19,260 19,260
    CONOCOPHILLIPS DTD 6.500% DUE 2/1/39 5,000.000 FACE VALUE 7,735 7,735
    CONSTELLATION BRANDS INC DTD 4.650% DUE 11/15/28 15,000.000 FACE VALUE 18,277 18,277
    CROWN CASTLE INTL CORP DTD 3.300% DUE 7/1/30 17,000.000 FACE VALUE 19,028 19,028
    CVS DTD 2.700% DUE 8/21/40 19,000.000 FACE VALUE 19,221 19,221
    DISCOVERY COMMUNICATIONS DTD 3.950% DUE 3/20/28 17,000.000 FACE VALUE 19,512 19,512
    DUKE ENERGY CORP DTD 3.950% DUE 10/15/23 17,000.000 FACE VALUE 18,481 18,481
    ENTERGY LOUISIANA LLC DTD 2.900% DUE 3/15/51 8,000.000 FACE VALUE 8,541 8,541
    FISERV INC DTD 3.200% DUE 7/1/26 17,000.000 FACE VALUE 19,043 19,043
    GOLDMAN SACHS GROUP INC DTD 2.600% DUE 2/7/30 18,000.000 FACE VALUE 19,362 19,362
    GOLDMAN SACHS NOTE DTD 6.250% DUE 2/1/41 7,000.000 FACE VALUE 10,963 10,963
    HCP INC DTD 3.875% DUE 8/15/24 17,000.000 FACE VALUE 18,807 18,807
    HERSHEY CO DTD 2.650% DUE 6/1/50 10,000.000 FACE VALUE 10,595 10,595
    HOLLYFRONTIER CORP DTD 5.875% DUE 4/1/26 8,000.000 FACE VALUE 8,934 8,934
    HOME DEPOT INC DTD 5.875% DUE 12/16/36 8,000.000 FACE VALUE 12,129 12,129
    INVESCO FINANCE PLC DTD 3.125% DUE 11/30/22 15,000.000 FACE VALUE 15,754 15,754
    JPMORGAN CHASE & CO DTD 3.200% DUE 1/25/23 17,000.000 FACE VALUE 17,996 17,996
    KEYCORP DTD 2.550% DUE 10/1/29 18,000.000 FACE VALUE 19,495 19,495
    KIMCO REALTY CORP DTD 4.250% DUE 4/1/45 14,000.000 FACE VALUE 15,838 15,838
    KINDER MORGAN INC DTD 4.300% DUE 3/1/28 8,000.000 FACE VALUE 9,382 9,382
    MCDONALDS CORRP DTD 2.125% DUE 3/1/30 16,000.000 FACE VALUE 16,869 16,869
    MERCK & CO INC DTD 2.450% DUE 6/24/50 9,000.000 FACE VALUE 9,318 9,318
    METLIFE INC DTD 4.875% DUE 11/13/43 11,000.000 FACE VALUE 15,649 15,649
    MITSUBISHI UJF FIN GRP DTD 2.998% DUE 2/22/22 18,000.000 FACE VALUE 18,539 18,539
    MORGAN STANLEY DTD 4.000% DUE 7/23/25 25,000.000 FACE VALUE 28,609 28,609
    NATIONAL RURAL UTILITIES DTD 3.700% DUE 3/15/29 16,000.000 FACE VALUE 18,709 18,709
    NIKE INC DTD 2.400% DUE 3/24/25 16,000.000 FACE VALUE 17,243 17,243
    NORFOLK SOUTHERN CORP DTD 3.050% DUE 5/15/50 10,000.000 FACE VALUE 10,895 10,895
    NUCOR CORP DTD 3.950% DUE 5/1/28 17,000.000 FACE VALUE 19,998 19,998
    PEPSICO INC DTD 3.450% DUE 10/6/46 9,000.000 FACE VALUE 10,882 10,882
    PFIZER INC DTD 3.900% DUE 3/15/39 7,000.000 FACE VALUE 8,795 8,795
    PHILIP MORRIS INTL IC DTD 1.500% DUE 5/1/25 17,000.000 FACE VALUE 17,608 17,608
    PUBLIC SERV ELEC & GAS DTD 2.700% DUE 5/1/50 10.000 FACE VALUE 10,571 10,571
    SHELL INTERNATIONAL FIN DTD 4.550% DUE 8/12/43 8.000 FACE VALUE 10,629 10,629
    SHERWIN WILLIAMS CO DTD 3.450% DUE 6/1/27 17,000.000 FACE VALUE 19,206 19,206
    SUMITOMO MITSUI FINL GRP DTD 3.364% 7/12/27 17,000.000 FACE VALUE 19,243 19,243
    TARGET CORP DTD 3.375% DUE 4/15/29 9,000.000 FACE VALUE 10,550 10,550
    TORONTO DOMINION BANK DTD 0.750% DUE 9/11/25 19,000.000 FACE VALUE 19,071 19,071
    UNITED TECHNOLOGIES CORP DTD 4.125% DUE 11/16/28 16,000.000 FACE VALUE 19,075 19,075
    US BANCORP DTD 4.125% DUE 5/24/21 18,000.000 FACE VALUE 18,209 18,209
    VENTAS REALTY LP DTD 3.750% DUE 5/1/24 15,000.000 FACE VALUE 16,353 16,353
    VERIZON COMMUNICATIONS DTD 4.862% DUE 8/21/46 14,000.000 FACE VALUE 18,920 18,920
    VIACOM INC DTD 4.375% DUE 3/15/43 9,000.000 FACE VALUE 10,633 10,633
    WASTE MANAGEMENT INC DTD 4.100% DUE 3/1/45 7,000.000 FACE VALUE 8,780 8,780
    WELLS FARGO & CO DTD 3.000% DUE 10/23/26 17,000.000 FACE VALUE 18,835 18,835
    WESTLAKE CHEMICAL CORP DTD 4.375% DUE 11/15/47 10,000.000 FACE VALUE 11,888 11,888
    WESTPAC BANKING CORP DTD 4.322% DUE 11/23/31 17,000.000 FACE VALUE 19,385 19,385

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES (ABT) 25.000 SHARES 2,737 2,737
    ABBVIE INC. (ABBV) 32.000 SHARES 3,429 3,429
    AIR PRODUCTS AND CHEMICALS INC. (APD) 29.000 SHARES 7,923 7,923
    ALPHABET INC CL C (GOOG) 4.000 SHARES 7,008 7,008
    ALTRIA GROUP INC. (MO) 100.000 SHARES 4,100 4,100
    AMERICAN TOWER CORP (AMT) 3.000 SHARES 673 673
    AMGEN INC (AMGN) 5.000 SHARES 1,150 1,150
    APPLE INC. (AAPL) 68.000 SHARES 9,023 9,023
    AUTOMATIC DATA PROCESSING (ADP) 17.000 SHARES 2,995 2,995
    BERKSHIRE HATHAWAY INC. CL B (BRK.B) 36.000 SHARES 8,347 8,347
    BLACKROCK INC. (BLK) 11.000 SHARES 7,937 7,937
    BRISTOL-MYERS SQUIBB CO (BMY) 34.000 SHARES 2,109 2,109
    BROADCOM INC. (AVGO) 8.000 SHARES 3,503 3,503
    CARMAX INC. COM (KMX) 42.000 SHARES 3,967 3,967
    CHARLES SCHWAB CORP (SCHW) 100.000 SHARES 5,304 5,304
    CHEVRON CORP (CVX) 25.000 SHARES 2,111 2,111
    CISCO SYSTEMS INC. (CSCO) 141.000 SHARES 6,310 6,310
    CITRIX SYSTEMS INC. (CTXS) 27.000 SHARES 3,513 3,513
    COMCAST CORP CLASS A (CMCSA) 38.000 SHARES 1,992 1,992
    CROWN CASTLE INTL CORP (CCI) 24.000 SHARES 3,821 3,821
    DOLLAR TREE INC. (DLTR) 26.000 SHARES 2,809 2,809
    EATON CORP PLC (ETN) 12.000 SHARES 1,442 1,442
    ELI LILLY & CO (LLY) 14.000 SHARES 2,364 2,364
    EVERSOURCE ENERGY (ES) 6.000 SHARES 519 519
    FEDEX CORP (FDX) 20.000 SHARES 5,192 5,192
    FOX CORP COMMON CLASS A (FOXA) 88.000 SHARES 2,563 2,563
    HOME DEPOT INC. (HD) 36.000 SHARES 9,562 9,562
    HONEYWELL INTERNATIONAL INC. (HON) 12.000 SHARES 2,552 2,552
    ILLINOIS TOOL WORKS INC. (ITW) 10.000 SHARES 2,039 2,039
    JOHNSON & JOHNSON (JNJ) 28.000 SHARES 4,407 4,407
    JPMORGAN CHASE & CO (JPM) 38.000 SHARES 4,829 4,829
    KEARNY FINANCIAL CORP (KRNY) 490,513.000 SHARES 5,179,817 5,179,817
    LOCKHEED MARTIN CORP (LMT) 10.000 SHARES 3,550 3,550
    LOWE'S COS INC. (LOW) 14.000 SHARES 2,247 2,247
    LYONDELLBASELL INDUSTRIES (LYB) 4.000 SHARES 367 367
    MARSH & MCLENNAN COS INC. (MMC) 22.000 SHARES 2,574 2,574
    MARTIN MARIETTA MATERIALS (MLM) 15.000 SHARES 4,260 4,260
    MCDONALDS CORP (MCD) 13.000 SHARES 2,790 2,790
    MEDTRONIC PLC (MDT) 24.000 SHARES 2,811 2,811
    MERCK & CO INC. (MRK) 52.000 SHARES 4,254 4,254
    MICROSOFT CORP (MSFT) 21.000 SHARES 4,671 4,671
    MONDELEZ INTERNATIONAL INC. (MDLX) 58.000 SHARES 3,391 3,391
    NESTLE SA ADR (NSRGY) 38.000 SHARES 4,482 4,482
    NEWMARKET CORP (NEU) 10.000 SHARES 3,983 3,983
    NEXTERA ENERGY INC. (NEE) 86.000 SHARES 6,635 6,635
    NORFOLK SOUTHERN CORP (NSC) 20.000 SHARES 4,752 4,752
    O'REILLY AUTOMOTIVE INC. (ORLY) 9.000 SHARES 4,073 4,073
    PAYCHEX INC. (PAYX) 33.000 SHARES 3,075 3,075
    PEPSICO INC. (PEP) 30.000 SHARES 4,449 4,449
    PFIZER INC. (PFE) 77.000 SHARES 2,834 2,834
    PHILLIPS 66 COMMON (PSX) 12.000 SHARES 839 839
    PNC FINANCIAL SERVICES GROUP INC. (PNC) 16.000 SHARES 2,384 2,384
    PROCTER & GAMBLE CO. (PG) 14.000 SHARES 1,948 1,948
    PROGRESSIVE CORP (PGR) 39.000 SHARES 3,856 3,856
    PROLOGIS INC. (PLD) 22.000 SHARES 2,193 2,193
    QUALCOMM INC. (QCOM) 22.000 SHARES 3,351 3,351
    REALTY INCOME CORP (O) 18.000 SHARES 1,119 1,119
    SEMPRA ENERGY (SRE) 18.000 SHARES 2,293 2,293
    STARBUCKS CORP (SBUX) 35.000 SHARES 3,744 3,744
    STORE CAPITAL CORP (STOR) 154.000 SHARES 5,233 5,233
    TEXAS INSTRUMENTS INC. (TXN) 63.000 SHARES 10,340 10,340
    THE COCA-COLA CO. (KO) 22.000 SHARES 1,206 1,206
    UNITED PARCEL SERVICES (UPS) 3.000 SHARES 505 505
    US BANCORP (USB) 38.000 SHARES 1,770 1,770
    VERIZON COMMUNICATIONS INC (VZ) 106.000 SHARES 6,228 6,228
    VISA INC. CLASS A (V) 25.000 SHARES 5,468 5,468
    WEC ENERGY GROUP INC. (WEC) 28.000 SHARES 2,577 2,577

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    US Government Securities - End of Year Book Value:

    628,958
    US Government Securities - End of Year Fair Market Value:

    628,958
    State & Local Government Securities - End of Year Book Value:


    296,180
    State & Local Government Securities - End of Year Fair Market Value:


    296,180


    TY 2020 InvestmentsOtherSchedule2
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CONESTOGA SMALL CAP INST (CCALX) 2,320.516 SHARES FMV 182,578 182,578
    DFA US SMALL CAP PORTFOLIO (DFSTX) 6,123.082 SHARES FMV 235,249 235,249
    DOUBLELINE TOTAL RETURN BOND FUND 36,330.700 SHARES FMV 388,738 388,738
    EATON VANCE ATLANTA (ERASX) 8,933.579 SHARES FMV 338,225 338,225
    EDGEWOOD GROWTH FUND INST (EGFIX) 4,833.965 SHARES FMV 250,254 250,254
    FPA CRESCENT FUND INST (FPACX) 3,503.285 SHARES FMV 126,013 126,013
    GOLDMAN SACHS GQG PARTNERS INTL (GSIMX) 7,083.407 SHARES FMV 126,226 126,226
    HARDING LOEVNER INTERNATIONAL EQUITY INST (HLMIX) 10,508.604 SHARES FMV 298,655 298,655
    HARDING LOEVNER INTL SM CO PORT INSTL (HLMRX) 6,433.476 SHARES FMV 129,313 129,313
    INVESCO S&P 500 EQUAL WEIGHT PORTFOLIO (RSP) 1,977.000 SHARES FMV 252,147 252,147
    ISHARES RUSSELL MIDCAP INDEX FUND (IWR) 1,573.000 SHARES FMV 107,829 107,829
    JOHCM INTERNATIONAL SELECT FUND (JOHIX) 4,233.050 SHARES FMV 128,092 128,092
    JP MORGAN US EQUITY FUND CLASS L (JMUEX) 15,5900.183 SHARES FMV 297,461 297,461
    MFS INTERNATIONAL GROWTH FUND (MQGIX) 7,149.378 SHARES FMV 340,668 340,668
    STATE BANK OF INDIA DTD 3/6/18 3.000% DUE 3/6/23 25,000.000 SHARES FMV 26,569 26,569
    VANGUARD DIVIDEND APPRECIATION INDEX FUND (VIG) 1,493.000 SHARES FMV 210,767 210,767
    VANGUARD INST INDEX INST (VINIX) 2,040.789 SHARES FMV 676,460 676,460
    VANGUARD MTG BACKED SEC 18,275.795 SHARES FMV 395,123 395,123
    VANGUARD RUSSELL 1000 GROWTH INDEX FUND (VRGWX) 526.740 SHARES FMV 251,155 251,155

    TY 2020 OtherDecreasesSchedule
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Description Amount
    UNREALIZED DEPRECIATION ON INVESTMENTS 1,405,237


    TY 2020 OtherExpensesSchedule
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE EXPENSE 3,808 0   3,808
    SOFTWARE 11,011 0   11,011
    OFFICE AND OTHER EXPENSES 3,821 0   3,821
    OTHER INVESTMENT EXPENSES 13 13   0


    TY 2020 OtherIncomeSchedule2
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RESCINDED GRANTS 2,000   2,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 50,519 50,519   0


    TY 2020 TaxesSchedule
    Name:
    KEARNYBANK FOUNDATION INC
    EIN:
    47-3699249
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 17,500 0   0