Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE PROVIDENT BANK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1001
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ISELIN, NJ08830
A Employer identification number

04-3739441
B Telephone number (see instructions)

(862) 260-3990
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$16,636,606J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 73 73  
4 Dividends and interest from securities... 756,026 756,026  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 645,767
b Gross sales price for all assets on line 6a 1,710,887
7 Capital gain net income (from Part IV, line 2)... 645,767
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........ 1,401,866 1,401,866  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 158,602 0   158,602
14 Other employee salaries and wages...... 152,306 0   152,306
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,500 14,750   14,750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
197,753 45,156   152,597
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,000 0   0
19 Depreciation (attach schedule) and depletion... 345 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
83,510 0   83,510
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 638,016 59,906   561,765
25 Contributions, gifts, grants paid....... 884,445 884,445
26 Total expenses and disbursements. Add lines 24 and 25 1,522,461 59,906   1,446,210
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -120,595
b Net investment income (if negative, enter -0-) 1,341,960
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 189,136 322,765 322,765
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 74,087 5,230 5,230
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 16,305,322 Click to see attachment
List of Attached Documents:
// Content
16,307,967 		16,307,967
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow100,269
Less: accumulated depreciation (attach schedule) right arrow99,625 989 644 644
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,569,534 16,636,606 16,636,606
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 16,569,534 16,636,606
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 16,569,534 16,636,606
30 Total liabilities and net assets/fund balances (see instructions). 16,569,534 16,636,606
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
16,569,534
2
Enter amount from Part I, line 27a .....................
2
-120,595
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
187,667
4
Add lines 1, 2, and 3 ..........................
4
16,636,606
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,636,606
Form 990-PF (2024)
Form 990-PF (2024)
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 1,710,887   1,065,120 645,767
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       645,767
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 2 645,767
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
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 right arrow 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) 1 18,653
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 18,653
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 18,653
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 16,478
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 16,478
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,175
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
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
List of Attached Documents:
// Content
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowWWW.THEPROVIDENTBANKFOUNDATION.ORG
14
The books are in care ofright arrowCARMINE TORRECUSO THE FDN Telephone no.right arrow (862) 260-3990

Located atright arrow10 WOODBRIDGE CENTER DRIVE 3RDFLOORWOODBRIDGENJ ZIP+4right arrow07095
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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 PHD FORMER CHAIRMAN
1.00 		0 0 0
250 MADISON AVENUE
MORRISTOWN,NJ07960
CHRISTOPHER MARTIN CHAIRMAN, PRESIDENT AND DIRECTOR
2.00 		0 0 0
250 MADISON AVENUE
MORRISTOWN,NJ07960
JOHN KUNTZ FORMER SECRETARY
2.00 		0 0 0
250 MADISON AVENUE
MORRISTOWN,NJ07960
CARMINE TORRECUSO SEE STMT 8 TREASURER
5.00 		17,792 0 0
250 MADISON AVENUE
MORRISTOWN,NJ07960
SAMANTHA PLOTINO SEE STMT 8 V.P. & EXECUTIVE DIRECTOR
37.50 		131,810 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
MARY LOUIS FESTA SECRETARY
2.00 		0 0 0
250 MADISON AVENUE
MORRISTOWN,NJ07960
THOMAS SHARA DIRECTOR
1.00 		0 0 0
250 MADISON AVENUE
MORRISTOWN,NJ07960
DEFOREST SOARIES DIRECTOR
1.00 		1,000 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
KRISTY KOOS V.P. & ASSOC. PROGRA
37.50 		97,921 0 0
PO BOX 1001
ISELIN,NJ088301001
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
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
List of Attached Documents:
// Content
SEE STMT. 8 385,300
PO BOX 1001
ISELIN,NJ08830
THE GROUP FORWARDClick to see attachment
List of Attached Documents:
// Content
STRATEGIC PLANNING CONSULTING 106,000
151 PRINCETON DRIVE
HARTSDALE,NY10530
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-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 VIII-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.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
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
15,398,972
b
Average of monthly cash balances.......................
1b
289,273
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
15,688,245
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
15,688,245
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
235,324
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,452,921
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
772,646
Part X
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 IX, line 6..................
1
772,646
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
18,653
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
18,653
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
753,993
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
753,993
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 XII, line 1 ...
7
753,993
Part XI
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
1,446,210
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
1,446,210
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 753,993
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 499,827
b From 2020...... 452,993
c From 2021...... 469,681
d From 2022...... 1,192,201
e From 2023...... 885,971
f Total of lines 3a through e ........ 3,500,673
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,446,210
a Applied to 2023, 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 2024 distributable amount..... 753,993
e Remaining amount distributed out of corpus 692,217
5 Excess distributions carryover applied to 2024. 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 4,192,890
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		499,827
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		3,693,063
10 Analysis of line 9:
a Excess from 2020.... 452,993
b Excess from 2021.... 469,681
c Excess from 2022.... 1,192,201
d Excess from 2023.... 885,971
e Excess from 2024.... 692,217
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 PO
BOX 1001
ISELIN,NJ08830
(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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
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
HAZLET,NJ07730 		NONE PC TRANSITIONAL/RAPID RE-HOUSING (TH-RRH) 15,000

180 TURNING LIVES AROUND INC

1 BETHANY ROAD
HAZLET,NJ07730 		NONE PC INLET SPONSOR - 2024 SEAS THE DAY GALA 5,000

ADLER APHASIA CENTER

60 WEST HUNTER AVENUE
MAYWOOD,NJ07607 		NONE PC GENERAL OPERATING SUPPORT 5,000

AMERICA'S GROW-A-ROW INC

150 PITTSTOWN ROAD
PITTSTOWN,NJ08867 		NONE PC FRESH PRODUCE INITIATIVE 20,000

ANCHOR HOUSE INC

482 CENTRE STREET
TRENTON,NJ08611 		NONE PC PROGRAMS FOR HOMELESS YOUTH 10,000

BERGEN COUNTY'S UNITED WAY

6 FOREST AVENUE SUITE 220
PARAMUS,NJ07652 		NONE PC AFFORDABLE HOUSING 10,000

BERGEN VOLUNTEER MEDICAL INITIATIVE INC

75 ESSEX STREET SUITE 100
HACKENSACK,NJ07601 		NONE PC EXPANDING ACCESS TO CARE FOR WORKING, LOW-INCOME BERGEN RESIDENTS 15,000

BIG BROTHERS BIG SISTERS OF COASTAL & NORTHERN NEW JERSEY

305 BOND STREET 2ND FLOOR
ASBURY PARK,NJ07712 		NONE PC ONE-TO-ONE PLUS MENTORING - CARES PROGRAM 10,000

BIG BROTHERS BIG SISTERS OF MERCER COUNTY

535 EAST FRANKLIN STREET
TRENTON,NJ08610 		NONE PC WORKPLACE MENTORING PROGRAM 7,500

BOYS & GIRLS CLUB OF CLIFTON

822 CLIFTON AVENUE
CLIFTON,NJ07013 		NONE PC EDUCATIONAL INITIATIVES 2,500

CAMELOT FOR CHILDREN

2354 W EMMAUS AVE
ALLENTOWN,PA18103 		NONE PC GENERAL OPERATING SUPPORT 4,000

CARING CONTACT

PO BOX 2376
WESTFIELD,NJ07091 		NONE PC 988: EXPANDING THE MENTAL HEALTH SAFETY NET 10,000

CASA SHAW

148 MAIN STREET BUILDING D1
LEBANON,NJ08833 		NONE PC ADVOCACY FOR ABUSED AND NEGLECTED CHILDREN 12,500

CBC DEVELOPMENT CENTER

66 SOUTH GROVE STREET
EAST ORANGE,NJ07018 		NONE PC FOOD DISTRIBUTION & NUTRITION 5,000

CENTRAL JERSEY HOUSING RESOURCE CENTER CORP (CJHRC)

92 EAST MAIN STREET SUITE 407
SOMERVILLE,NJ08876 		NONE PC HOUSING RESOURCE CENTER PROGRAM 10,000

CHILD CARE RESOURCES OF MONMOUTH COUNTY INC

3301C ROUTE 66
NEPTUNE,NJ07754 		NONE PC DIAPER BANK AT CHILD CARE RESOURCES OF MONMOUTH COUNTY INC. 8,500

CHILDREN'S AID AND FAMILY SERVICES INC

200 ROBIN ROAD
PARAMUS,NJ07652 		NONE PC MOBILITY MENTORING PROGRAM 12,500

CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION INC

150 NEW PROVIDENCE ROAD
MOUNTAINSIDE,NJ07092 		NONE PC FAMILY FOOD VOUCHER PROGRAM 10,000

COMMUNITY ACTION LEHIGH VALLEY

1337 EAST 5TH STREET
BETHLEHEM,PA18015 		NONE PC SIXTH STREET SHELTER CASE MANAGER EXPANSION 15,000

CONTACT OF OCEAN & MONMOUTH COUNTIES

PO BOX 1121
TOMS RIVER,NJ08754 		NONE PC CONTACT'S 24-HR CRISIS INTERVENTION AND INFORMATION/REFERRAL HOTLINES 10,000

COUNCIL OF NEW JERSEY GRANTMAKERS

1977 OLDEN AVENUE SUITE 238
EWING,NJ08618 		NONE PC DOING GOOD BETTER: DEEPENING PHILANTHROPIC AND NONPROFIT PARTNERSHIPS IN NJ 10,000

COUNTY COLLEGE OF MORRIS FOUNDATION

214 CENTER GROVE ROAD
RANDOLPH,NJ07869 		NONE PC COLLEGE PROMISE PROGRAM AT MORRISTOWN HIGH SCHOOL 12,500

CUMAC

PO BOX 2721
PATERSON,NJ07509 		NONE PC CREATING HEALING-CENTERED COMMUNITIES 33,333

DEFY VENTURES

5 PENN PLAZA 19TH FLOOR
NEW YORK,NY10001 		NONE PC CEO OF YOUR NEW LIFE PROGRAM FOR JUSTICE IMPACTED YOUTH 10,000

DIABETES FOUNDATION INC

45 WHITNEY ROAD 2M
MAHWAH,NJ07430 		NONE PC ACCESS TO DIABETES MANAGEMENT AND PREVENTION RESOURCES 7,500

DOMESTIC ABUSE & SEXUAL ASSAULT INTERVENTION SERVICES

PO BOX 805
NEWTON,NJ07860 		NONE PC COGNITIVE BEHAVIORAL THERAPY EXPANSION 10,000

FAIRLEIGH DICKINSON UNIVERSITY

1000 RIVER ROAD H-DH3-13
TEANECK,NJ07666 		NONE PC PRECOLLEGIATE STEM DISCOVERY PROGRAM 10,000

FAMILY PROMISE OF SUSSEX COUNTY

19 CHURCH STREET
NEWTON,NJ07860 		NONE PC BRIDGING SUPPORTS TO SELF-SUFFICIENCY 12,500

FLEMINGTON FOOD PANTRY INC

154 ROUTE 31 NORTH PO BOX 783
FLEMINGTON,NJ08822 		NONE PC NUTRITION & HEALTH PROGRAM 5,000

FOUNDATION FOR EDUCATIONAL ADMINISTRATION (FEA)

12 CENTRE DRIVE
MONROE TOWNSHIP,NJ08831 		NONE PC HEALING CENTERED ENGAGEMENT INITIATIVE 20,000

FREEDOM HOUSE

2004 NJ ROUTE 31 SUITE 9
CLINTON,NJ08809 		NONE PC ADDICTION RECOVERY PROGRAM 10,000

GREATER LIFE INC

PO BOX 8447
NEWARK,NJ07108 		NONE PC FINANCIAL LITERACY FOR NEWARK YOUTH & ADULTS FOR COMMUNITY EMPOWERMENT 2,500

GREATER NEWARK CONSERVANCY

32 PRINCE STREET
NEWARK,NJ07103 		NONE PC HELPING NEWARK YOUTH LIVE HEALTHIER LIVES THROUGH THE FARM TO SCHOOL PROGRAM 10,000

HANDICAPPED HIGH RIDERS CLUB

145 ROUTE 526
ALLENTOWN,NJ08501 		NONE PC GENERAL OPERATING SUPPORT 2,500

HOMELESS SOLUTIONS

3 WING DRIVE SUITE 245
CEDAR KNOLLS,NJ07927 		NONE PC HOMELESS SOLUTIONS HOUSING RETENTION PROGRAM 10,000

HUNTERDON HELPLINE INC

PO BOX 246
FLEMINGTON,NJ08822 		NONE PC HELPLINE DIVISION OF SENIOR AND DISABILITY SERVICES 10,000

HUNTERDON LAND TRUST

111 MINE STREET
FLEMINGTON,NJ08822 		NONE PC GENERAL OPERATING SUPPORT 2,500

INTERFAITH FOOD PANTRY INC

2 EXECUTIVE DRIVE
MORRIS PLAINS,NJ07950 		NONE PC HEALTHY FOOD FOR EXPANDING MARKETPLACES AND MOBILE NETWORKS 15,000

JACOB A RIIS NEIGHBORHOOD SETTLEMENT

10-25 41ST AVENUE
LONG ISLAND CITY,NY11101 		NONE PC GENERAL OPERATING SUPPORT 5,000

JEWISH FAMILY & CHILDREN'S SERVICE OF GREATER MERCER COUNTY

707 ALEXANDER ROAD SUITE 102
PRINCETON,NJ08540 		NONE PC MOBILE FOOD PANTRY 10,000

JEWISH FAMILY & CHILDREN'S SERVICE OF GREATER MONMOUTH COUNTY

705 SUMMERFIELD AVENUE
ASBURY PARK,NJ07712 		NONE PC FOOD IS MEDICINE, NOURISH ASBURY FOOD PANTRY 12,500

JFK MEDICAL CENTER FOUNDATION

65 JAMES STREET
EDISON,NJ08820 		NONE PC PLAINFIELD HEALTH CONNECTIONS 10,000

KINDERSMILE FOUNDATION

10 BROAD STREET
BLOOMFIELD,NJ07003 		NONE PC KSOHP - LINK TO A DENTAL HOME AT KSCOHC NEWARK, LOCATED WITHIN THE BGCN 5,000

LET'S WORK FOR GOOD

140 ETHEL ROAD WEST SUITE M
PISCATAWAY,NJ08854 		NONE PC GENERAL OPERATING SUPPORT 3,162

LITERACY VOLUNTEERS OF MORRIS COUNTY

16 ELM STREET
MORRISTOWN,NJ07960 		NONE PC GENERAL OPERATING SUPPORT 2,500

LUNCH BREAK INC

PO BOX 2215
RED BANK,NJ07701 		NONE PC CLIENT CHOICE PANTRY 15,000

MAHWAH ENVIRONMENTAL VOLUNTEERS ORGANIZATION INC

1024 ASH DRIVE
MAHWAH,NJ07430 		NONE PC FRESH ROOTS FARMING PROGRAM 1,000

MEALS ON WHEELS OF MERCER COUNTY INC

320 HOLLOWBROOK DRIVE
EWING,NJ08638 		NONE PC FARM FRESH PRODUCE PROGRAM 7,500

MEETING ESSENTIAL NEEDS WITH DIGNITY INC (MEND)

PO BOX 1304
MAPLEWOOD,NJ07040 		NONE PC MEND ON THE MOVE 7,500

MENTAL HEALTH ASSOCIATION OF MONMOUTH COUNTY

106 APPLE STREET SUITE 110
TINTON FALLS,NJ07724 		NONE PC RED BANK RESOURCE NETWORK 5,000

MENTAL HEALTH ASSOCIATION OF MONMOUTH COUNTY

106 APPLE STREET SUITE 110
TINTON FALLS,NJ07724 		NONE PC 2024 GALA BY THE SEA - END THE STIGMA SPONSOR (SHARED WITH PROVIDENT BANK) 1,250

MERCY CENTER

1106 MAIN STREET
ASBURY PARK,NJ07712 		NONE PC MERCY CENTER FOOD PANTRY 12,500

MOVE FOR HUNGER

7 3RD AVENUE
NEPTUNE,NJ07753 		NONE PC BRIDGING THE GAP BETWEEN HUNGER AND FOOD WASTE 12,500

NAMI MERCER NJ INC

1235 WHITEHORSE MERCERVILLE ROAD
BUILDING C SUITE 303
HAMILTON,NJ08619 		NONE PC NAMI MERCER HYBRID EDUCATION, SUPPORT AND OUTREACH 5,000

NATIONAL COUNCIL OF JEWISH WOMEN ESSEX COUNTY SECTION

70 SOUTH ORANGE AVENUE SUITE 120
LIVINGSTON,NJ07039 		NONE PC CFW CAREER SERVICES 10,000

NEW BETHANY INC

333 WEST 4TH STREET
BETHLEHEM,PA18015 		NONE PC CHOICE FOOD PANTRY 12,500

NEW BRUNSWICK TOMORROW

390 GEORGE STREET 2ND FLOOR
NEW BRUNSWICK,NJ08901 		NONE PC NEW BRUNSWICK TOMORROW HOUSING INITIATIVES 12,500

NEW CITY KIDS

240 FAIRMOUNT AVENUE
JERSEY CITY,NJ07306 		NONE PC RUBINGH CENTER FOR YOUTH DEVELOPMENT | BUILDING RENOVATIONS 20,000

NEW JERSEY CENTER FOR NONPROFITS

3635 QUAKERBRIDGE ROAD SUITE 35
MERCERVILLE,NJ08619 		NONE PC WORKSHOPS & 2023 NJ NONPROFIT CONFERENCE SUPPORT 10,000

NEW JERSEY CHAMBER OF COMMERCE FOUNDATION

216 WEST STATE STREET THIRD FLOOR
TRENTON,NJ08608 		NONE PC JOBS FOR AMERICA'S GRADUATES - NEW JERSEY (JAG NJ) 5,000

NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION

PO BOX 6976
PATERSON,NJ07509 		NONE PC MAKE THE GRADE ACADEMY 7,500

NEW MILFORD EDUCATION FOUNDATION

145 MADISON AVENUE
NEW MILFORD,NJ07646 		NONE PC NEW MILFORD HIGH SCHOOL HOLOCAUST STUDY TOUR PROGRAM 1,500

NONPROFIT NEW YORK

320 EAST 43RD STREET 3RD FLOOR
NEW YORK,NY10017 		NONE PC GENERAL OPERATING & STRATEGIC PLAN SUPPORT 10,000

NORWESCAP

350 MARSHALL STREET
PHILLIPSBURG,NJ08865 		NONE PC ENGAGEMENT PARTNERS ? CONNECTING FAMILIES TO COMPREHENSIVE SERVICES 12,500

OASIS - A HAVEN FOR WOMEN AND CHILDREN

59 MILL STREET
PATERSON,NJ07501 		NONE PC AFTER-SCHOOL ACADEMY (ASA) 10,000

PARTNERS

650 BLOOMFIELD AVENUE SUITE 209
BLOOMFIELD,NJ07003 		NONE PC PARTNERS PRO BONO PROGRAM FOR SURVIVORS OF DOMESTIC AND SEXUAL VIOLENCE 15,000

PASSAIC COUNTY HABITAT FOR HUMANITY

PO BOX 2585
PATERSON,NJ07509 		NONE PC NORTH MAIN STREET PROJECT 10,000

PENNSYLVANIA ASSOCIATION OF NONPROFIT ORGANIZATIONS (PANO)

4801 LINDLE ROAD
HARRISBURG,PA17111 		NONE PC RACIAL JUSTICE LEARNINGS: DATA ANALYSIS & EARLY-ADOPTER FUNDER CONVERSATION 10,000

PLATINUM MINDS INC

95 WEST MAIN STREET SUITE 5-166
CHESTER,NJ07930 		NONE PC GENERAL OPERATING SUPPORT FOR FIVE-INITIATIVE PROGRAM 2,500

PRESCHOOL ADVANTAGE INC

25 LINDSLEY DRIVE SUITE 307
MORRISTOWN,NJ07960 		NONE PC FULL-DAY FOURS: HIGH QUALITY EARLY EDUCATION FOR FAMILIES IN NEED 12,500

PROJECT SELF-SUFFICIENCY

127 MILL STREET
NEWTON,NJ07860 		NONE PC THE FOOD PROJECT: NOURISHING OUR NEIGHBORS 12,500

RAISING HANDS TUTORING

24 NORTH THIRD AVENUE SUITE 100
HIGHLAND PARK,NJ08904 		NONE PC TEACHER CERTIFICATION PROGRAM 4,200

RESCUING LEFTOVER CUISINE

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		NONE PC EXPAND OUR FOOD RESCUE MISSIONS 12,500

RIPPLE COMMUNITY INC

1335 WEST LINDEN STREET
ALLENTOWN,PA18102 		NONE PC RCI VILLAGE HOUSING PROGRAM 15,000

SAFESOUND SOMERSET

PO BOX 835
SOMERVILLE,NJ08876 		NONE PC COUNSELING FOR VICTIMS OF CSA AND PSB UNDER 13 IN SOMERSET COUNTY 10,000

SANAR WELLNESS INSTITUTE

PO BOX 32353
NEWARK,NJ07102 		NONE PC ADDRESSING COMPLEX TRAUMA 10,000

SPECIAL DRAGONS

77 TIONA AVENUE
BELLEVILLE,NJ07109 		NONE PC GENERAL OPERATING SUPPORT 2,500

STRETTO YOUTH CHAMBER ORCHESTRA

611 LAKE DRIVE
PRINCETON,NJ08540 		NONE PC GENERAL OPERATING SUPPORT 2,500

SUSSEX COUNTY COMMUNITY COLLEGE

ONE COLLEGE HILL ROAD
NEWTON,NJ07860 		NONE PC ADVANCED SCIENTIFIC EQUIPMENT 10,000

SUSSEX COUNTY HABITAT FOR HUMANITY

82 MOUNT VIEW STREET
NEWTON,NJ07860 		NONE PC BUILDING OUR NEXT HOME 5,000

THE ARC OF ESSEX COUNTY

123 NAYLON AVENUE
LIVINGSTON,NJ07039 		NONE PC GENERAL OPERATING SUPPORT FOR THE ARC'S CAMP HOPE 2,500

THE CENTER FOR GREAT EXPECTATIONS

19 DELLWOOD LANE
SOMERSET,NJ08873 		NONE PC PREGNANT & PARENTING RESIDENTIAL PROGRAMS EARLY RELATIONAL HEALTH COUNSELING 10,000

THE MIDLAND FOUNDATION

PO BOX 5026
NORTH BRANCH,NJ08876 		NONE PC GENERAL OPERATING SUPPORT 5,000

THE NEIGHBORHOOD CENTER

526 N ST CLOUD STREET 308
ALLENTOWN,PA18104 		NONE PC GENERAL OPERATING SUPPORT 2,500

TURNING POINT OF LEHIGH VALLEY INC

444 E SUSQUEHANNA STREET
ALLENTOWN,PA18103 		NONE PC DOMESTIC VIOLENCE SURVIVOR RESILIENCE PROGRAM 12,500

UNION COUNTY EDUCATIONAL SERVICES FOUNDATION

45 CARDINAL DRIVE
WESTFIELD,NJ07090 		NONE PC HEALTH & PHYSICAL EDUCATION PROGRAM AT WESTLAKE SCHOOL 5,000

UNITED WAY OF CENTRAL JERSEY INC

32 FORD AVENUE
MILLTOWN,NJ08850 		NONE PC PERTH AMBOY FOC OPERATIONS SUPPORT 15,000

UNITED WAY OF MONMOUTH AND OCEAN COUNTIES

4814 OUTLOOK DRIVE
WALL TOWNSHIP,NJ07753 		NONE PC GENERAL OPERATING SUPPORT 5,000

VALLEY YOUTH HOUSE COMMITTEE INC

3400 HIGH POINT BOULEVARD
BETHLEHEM,PA18017 		NONE PC SUPPORT FOR FAMILIES WITH CHILDREN EXPERIENCING HOMELESSNESS 10,000

VIA OF THE LEHIGH VALLEY INC

336 WEST SPRUCE STREET
BETHLEHEM,PA18018 		NONE PC COMMUNITY EMPLOYMENT SERVICES 5,000

WASHINGTON PARK LITTLE LEAGUE

3 CHARLES STREET
JERSEY CITY,NJ07307 		NONE PC EQUIPMENT PURCHASE 2,500

WOMENRISING INC

270 FAIRMOUNT AVENUE
JERSEY CITY,NJ07306 		NONE PC SUPPORTING STABILITY AND GROWTH FOR FORMERLY UNHOUSED FAMILIES IN HUDSON COUNTY 12,500

YMCA OF METUCHEN EDISON WOODBRIDGE & SOUTH AMBOY

483 MIDDLESEX AVENUE
METUCHEN,NJ08840 		NONE PC SUMMER LEARNING LOSS PROGRAM 2,500

YORK STREET PROJECT

89 YORK STREET
JERSEY CITY,NJ07302 		NONE PC ST. JOSEPH?S HOUSING & SUPPORTIVE SERVICES 10,000

YOUNITY

1530 BRUNSWICK PIKE
LAWRENCEVILLE,NJ08648 		NONE PC DOMESTIC VIOLENCE SERVICES IN EAST/WEST WINDSOR, HIGHTSTOWN & ROBBINSVILLE 10,000

YOUTH CONSULTATION SERVICE INC

25 EAST SALEM STREET 3RD FLOOR
HACKENSACK,NJ07601 		NONE PC CASE MANAGEMENT SERVICES AT YCS CLINICS 10,000

YWCA UNION COUNTY

PO BOX 462
KENILWORTH,NJ07033 		NONE PC DOMESTIC VIOLENCE COUNSELING & CASE MANAGEMENT SERVICES 12,500
Total .................................right arrow 3a 884,445
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-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 73  
4 Dividends and interest from securities ....     14 756,026  
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 ............ 		    18 645,767  
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 1,401,866 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,401,866
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2024)
Form 990-PF (2024)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 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 29,500 14,750   14,750

TY 2024 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 $385,300, AS REPORTED ON PART VIII, LINE 3, FOR THE FOLLOWING SERVICES:1. $149,602 - CARMINE TORRECUSO TREAS., & SAMANTHA PLOTINO, EXEC. DIR. (STMT. #7);2. $152,306 - OTHER EMPLOYEE SALARIES AND WAGES (PART I, LINE 14);3. $38,408 - FIDUCIARY TRUST FEES (STMT#2); AND4. $44,984 - ADMINISTRATIVE SERVICES (STMT #2)

TY 2024 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 2024 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 11,793,750 11,793,750
ISHARES CORE S&P SMALL 299,226 299,226
ISHARES GOLD ETF 236,014 236,014
PACER BNCHMRK DT 260,825 260,825
VANGUARD FTSE DEVELOPED 618,791 618,791
VANGUARD FTSE EMERGING 268,600 268,600
VANGUARD TOTAL STOCK MARKET ETF 714,091 714,091
VANGUARD DIVIDEND 540,099 540,099
VANGUARD SHORT TERM CORE 372,186 372,186
JPMORGAN ULTRA SHORT 373,897 373,897
ISHARES CORE-US AGG BOND ETF 550,198 550,198
ISHARES 1-3YR. SHY 280,290 280,290

TY 2024 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 21,057 0   21,057
OTHER ADMINISTRATIVE SERVICES 13,705 0   13,705
INSURANCE 3,931 0   3,931
OTHER MISCELLANEOUS EXPENSES 44,817 0   44,817


TY 2024 OtherIncreasesSchedule
Name:
THE PROVIDENT BANK FOUNDATION
EIN:
04-3739441
Description Amount
CHANGE IN UNREALIZED VALUE OF INVESTMENTS 187,667


TY 2024 OtherProfessionalFeesSchedule
Name:
THE PROVIDENT BANK FOUNDATION
EIN:
04-3739441
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SALESFORCE EXPENSES 8,361 0   8,361
ADMINISTRATIVE SERVICES (SEE STMT. 8) 44,984 6,748   38,236
FIDUCIARY TRUST FEES (SEE STMT. 8) 38,408 38,408   0
GROUP FORWARD - STRATEGIC PLANNING 106,000 0   106,000


TY 2024 TaxesSchedule
Name:
THE PROVIDENT BANK FOUNDATION
EIN:
04-3739441
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 16,000 0   0