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
CITIZENS PHILANTHROPIC FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)101 JFK PARKWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SHORT HILLS, NJ07078
A Employer identification number

56-2582815
B Telephone number (see instructions)

(401) 282-3638
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$18,684,342J Accounting method:
Modified Cash Basi
(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 right arrow.............
3 Interest on savings and temporary cash investments 92,732 92,732  
4 Dividends and interest from securities... 745,637 745,637  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 178,901
b Gross sales price for all assets on line 6a 1,807,543
7 Capital gain net income (from Part IV, line 2)... 1,164,634
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........ 1,017,270 2,003,003  
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
List of Attached Documents:
// Content
26,809 0   26,809
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
34,329 34,329   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
31,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 92,138 34,329   26,809
25 Contributions, gifts, grants paid....... 3,098,250 3,108,750
26 Total expenses and disbursements. Add lines 24 and 25 3,190,388 34,329   3,135,559
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,173,118
b Net investment income (if negative, enter -0-) 1,968,674
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......... 2,182,536 638,059 638,059
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,170,963 Click to see attachment
List of Attached Documents:
// Content
15,696,012 		15,696,012
c Investments—corporate bonds (attach schedule)....... 1,574,872 Click to see attachment
List of Attached Documents:
// Content
2,350,271 		2,350,271
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 arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,928,371 18,684,342 18,684,342
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...........    
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........ 16,928,371 18,684,342
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 16,928,371 18,684,342
30 Total liabilities and net assets/fund balances (see instructions). 16,928,371 18,684,342
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
16,928,371
2
Enter amount from Part I, line 27a .....................
2
-2,173,118
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,929,089
4
Add lines 1, 2, and 3 ..........................
4
18,684,342
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
18,684,342
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 19,872SH CITIZENS FINL GROUP INC     2024-07-22
b 18,878SH CITIZENS FINL GROUP INC     2024-11-06
c WESTERN ASSET     2024-08-09
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 812,688   225,383 587,305
b 793,192   214,109 579,083
c 201,663   203,417 -1,754
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       587,305
b       579,083
c       -1,754
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 1,164,634
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 27,365
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 27,365
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 27,365
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 22,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,000
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 83
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,552
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,552 Refundedright arrow 11 0
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 arrowNJ
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 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 arrowHTTPS://WWW.CITIZENSBANK.COM/ABOUT-US/COMMUNITY.A
14
The books are in care ofright arrowKERI SANTOS Telephone no.right arrow (617) 823-4838

Located atright arrow200 STATION AVENUEWESTWOODMA ZIP+4right arrow02090
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)
 
No
(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
MICHELLE HECHT PRESIDENT
0.38 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
KERI SANTOS VICE PRESIDENT/DIR. OF CORP GIVING
1.90 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
CHRIS GRENIER SECRETARY
1.71 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
DAN ASTOLFI TREASURER
0.25 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
REZA AGHAMIRZADEH MEMBER
0.21 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
NUNO DOS SANTOS MEMBER
0.15 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
SUSAN LAMONICA MEMBER
0.21 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
DOMENICK CAMA MEMBER
0.21 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
KEVIN CUMMINGS MEMBER
0.21 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
REBECCA O'CONNELL MEMBER
0.21 		0 0 0
101 JFK PARKWAY
SHORT HILLS,NJ07078
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...................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
NONE
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
16,846,254
b
Average of monthly cash balances.......................
1b
1,717,128
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
18,563,382
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
18,563,382
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
278,451
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,284,931
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
914,247
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
914,247
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
27,365
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
27,365
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
886,882
4
Recoveries of amounts treated as qualifying distributions................
4
10,500
5
Add lines 3 and 4............................
5
897,382
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
897,382
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
3,135,559
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
3,135,559
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 7 897,382
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...... 170,729
b From 2020......  
c From 2021...... 33,752
d From 2022......  
e From 2023...... 1,443,913
f Total of lines 3a through e ........ 1,648,394
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,135,559
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..... 897,382
e Remaining amount distributed out of corpus 2,238,177
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 3,886,571
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) ... 		170,729
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		3,715,842
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021.... 33,752
c Excess from 2022....  
d Excess from 2023.... 1,443,913
e Excess from 2024.... 2,238,177
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:
CITIZENS PHILANTHROPIC FOUNDATION
101 JFK PARKWAY
SHORT HILLS,NJ07078
(401) 282-3638
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://WWW.CITIZENSBANK.COM/COMMUNITY/CORPORATE-GIVING.ASPX ORGANIZATIONS SEEKING FUNDING FROM THE CITIZENS PHILANTHROPIC FOUNDATION MUST SUBMIT A PRELIMINARY APPLICATION AT THIS SITE: HTTPS://WWW.CYBERGRANTS.COM/PLS/CYBERGRANTS/AO_LOGIN.LOGIN?X_GM_ID=2153&X_PR OPOSAL_TYPE_ID=82502
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE CITIZENS PHILANTHROPIC FOUNDATION PROVIDES SUPPORT TO NONPROFIT ORGANIZATIONS THAT ARE ADDRESSING THE BANK'S PRIMARY GIVING AREAS OF FIGHTING HUNGER, FOSTERING FINANCIAL EMPOWERMENT AND STRENGTHENING COMMUNITIES THROUGH ECONOMIC AND WORKFORCE DEVELOPMENT. AT THIS TIME THE FOUNDATION FOCUSES THE MAJORITY OF ITS GIVING IN NEW YORK AND NEW JERSEY.
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

MINORITIES ALLIED LENDERS INC

5615 WESTFIELD AVENUE
PENNSAUKEN,NJ08110 		  PC MINA LEADERSHIP ACADEMY 2,500

LIFE'S WORC INC

1501 FRANKLIN AVENUE
GARDEN CITY,NY11530 		  PC WORC FORCE CENTER - FOOD SERVICE TRAINING PROGRAM 5,000

THOMAS EDISON STATE UNIVERSITY FOUNDATION INC

111 W STATE STREET
TRENTON,NJ08608 		  PC STRENGTHENING COMMUNITIES THROUGH EDUCATION AND WORKFORCE DEVELOPMENT 10,000

LOCAL INITIATIVES SUPPORT CORPORATION

28 LIBERTY STREET 34TH FLOOR
NEW YORK,NY10005 		  PC CBEDCS BROOKLYN YOUTH TRAINING PROGRAM FOR OFFSHORE WIND JOBS 300,000

BOYS TO LEADERS FOUNDATION

18 MELMORE GARDENS
EAST ORANGE,NJ07017 		  PC EMERGING LEADERS PROGRAM 500

FIGHTING CHILDREN'S CANCER FOUNDATION INC

55 LANE ROAD SUITE 300
FAIRFIELD,NJ07004 		  PC FAMILY ASSISTANCE RELIEF PROGRAM 500

THE MARTY LYONS FOUNDATION INC

105 SWEENEYDALE AVENUE
BAY SHORE,NY11706 		  PC WISH PARTNER 500

NEW JERSEY MAKERS DAY A NJ NON-PROFIT CORPORATION

500 HOES LANE
PISCATAWAY,NJ08854 		  PC NEW JERSEY MAKERS DAY 500

COMMUNITY HOPE INC

959 ROUTE 46 EAST SUITE 402
PARSIPPANY,NJ07054 		  PC AFFORDABLE HOUSING FOR VETERANS 500

EVERGREEN INC YOUR NORTH BROOKLYN BUSINESS EXCHANGE

2 KINGSLAND AVENUE
BROOKLYN,NY11211 		  PC GENERAL OPERATING SUPPORT 500

XAVIER MISSION INC

55 W 15TH STREET
NEW YORK,NY10011 		  PC ADDRESSING HUNGER, HOMELESSNESS, AND POVERTY IN NYC 750

PLAYHOUSE ASSOCIATION INCORPORATED

10 NEW ENGLAND AVENUE
SUMMIT,NJ07901 		  PC PAINT THE INSIDE OF THE THEATER 1,000

SISTERS OF CHARITY OF SAINT ELIZABETH

PO BOX 476
CONVENT STATION,NJ07961 		  PC CARITAS CENTER CONSTRUCTION 1,000

NEW JERSEY CITIZEN ACTION EDUCATION FUND INC

625 BROAD STREET SUITE 270
NEWARK,NJ07102 		  PC 2024 HOUSING SECURITY AND FINANCIAL EMPOWERMENT PROJECT 50,000

UNITED WAY OF MONMOUTH AND OCEAN COUNTIES INC

4814 OUTLOOK DRIVE SUITE 107
WALL TOWNSHIP,NJ07753 		  PC UWMOC FINANCIAL SUCCESS CENTER/NEW JERSEY 2-1-1 PARTNERSHIP 10,000

PER SCHOLAS INC

804 E 138TH STREET 2ND FLOOR
BRONX,NY10454 		  PC PER SCHOLAS ALUMNI UPSKILLING NJ & NY 2024 50,000

URBAN LEAGUE OF ESSEX COUNTY

508 CENTRAL AVENUE
NEWARK,NJ07107 		  PC CLEAN ENERGY CAREERS PREPARATION PROGRAM 100,000

QUEENS ECONOMIC DEVELOPMENT CORPORATION

120-55 QUEENS BLVD RM 309
KEW GARDENS,NY11424 		  PC SUPPORTING QUEENS NIGHT MARKET SMALL BUSINESSES & VENDORS 300,000

BRANCH BROOK PARK ALLIANCE

290 W MT PLEASANT AVE SUITE 1320
LIVINGSTON,NJ07039 		  PC WORKFORCE DEVELOPMENT: PARK AMBASSADORS 25,000

CAPITAL SINGERS OF TRENTON

PO BOX 5297
TRENTON,NJ08638 		  PC CAPITAL SINGERS OF TRENTON 2023 - 2024 SEASON OF CONCERTS 1,000

METRO CHAMBER ORCHESTRA INCORPORATED

8831 16TH AVENUE
BROOKLYN,NY11214 		  PC MAIN STAGE SEASON 2024/2025 1,250

THE REGINA OPERA COMPANY INC

C/O F GARBER 599 E 7 ST 1-A
BROOKLYN,NY11218 		  PC AFFORDABLE AND FREE PERFORMANCES OF OPERAS AND CONCERTS, PERFORMED IN ACCESSIBLE PUBLIC VENUES, AND FREE, ON-DEMAND VIDEOS 500

PLAYWORKS EDUCATION ENERGIZED

31 WEST 34TH STREET SUITE 7153
NEW YORK,NY10001 		  PC BRINGING PLAY EQUITY, SOCIAL EMOTIONAL LEARNING AND LIFE SKILLS FOR ECONOMIC EMPOWERMENT TO NEWARK CHILDREN THROUGH THE POWER OF PLAY 500

AMERICA'S GROW-A-ROW INC

150 PITTSTOWN ROAD
PITTSTOWN,NJ08867 		  PC 2024 AMERICA'S GROW-A-ROW GENERAL OPERATING PROGRAM 1,000

OPPORTUNITY PROJECT INC

60 EAST WILLOW STREET
MILLBURN,NJ07041 		  PC VOCATIONAL GROWTH FOR INDIVIDUALS WITH BRAIN INJURY PROGRAM 5,000

SISTERS OF CHARITY OF ST VINCENT DE PAUL OF NEW YORK

150 BRIELLE AVE
STATEN ISLAND,NY10314 		  PC DIGITIZATION OF SCHDC RECORDS IN SUPPORT OF AFFORDABLE HOUSING RENOVATION AND DEVELOPMENT 1,000

GREATER TRENTON INC

124 W STATE STREET
TRENTON,NJ08608 		  PC GREATER TRENTON OPERATING SUPPORT 25,000

THE NEW YORK OPPORTUNITY NETWORK INC

85 BROAD ST 6TH FLOOR
NEW YORK,NY100042794 		  PC THE OPPNET FELLOWS PROGRAM 3,750

ELEVATE TO EVEN PLUS INCORPORATED

PO BOX 281
SUMMIT,NJ07902 		  PC CHANGING LIVES THROUGH FORMATIVE PAID SUMMER WORK EXPERIENCE FOR NJ LOW-INCOME STUDENTS OF COLOR IN 2024 500

TEACH FOR AMERICA INC

TRI-STATE LOCKBOX PO BOX 411363
BOSTON,MA02241 		  PC FUELING EQUITABLE EDUCATION AND ECONOMIC MOBILITY FOR NEW JERSEYS STUDENTS 500

MCCLOUD CARES

30 MONTGOMERY STREET SUITE 940
JERSEY CITY,NJ07302 		  PC MCCLOUD CARES MIRACLE IN DECEMBER 500

MERCY CENTER CORPORATION

1106 MAIN STREET
ASBURY PARK,NJ07712 		  PC SISTERS ACADEMY 500

PAPER MILL PLAYHOUSE

22 BROOKSIDE DRIVE
MILLBURN,NJ07041 		  PC 2024 RISING STAR AWARDS 12,500

ALZHEIMER'S NEW JERSEY INC

425 EAGLE ROCK AVE STE 203 SUITE
ROSELAND,NJ07068 		  PC RESPITE CARE AND WELLNESS PROGRAM 500

MEALS ON WHEELS IN GREATER NEW BRUNSWICK

94 CHURCH STREET STE 302
NEW BRUNSWICK,NJ08901 		  PC MEALS ON WHEELS IN GREATER NEW BRUNSWICK FOOD DELIVERY & FRIENDLY VISITS TO HOMEBOUND ELDERLY & DISABLED ADULTS 500

THE SHAKESPEARE THEATRE OF NEW JERSEY INC

3 VREELAND ROAD
FLORHAM PARK,NJ07932 		  PC SHAKESPEARE LIVE! 2024 TOUR 500

ELIJAH'S PROMISE

211 LIVINGSTON AVENUE
NEW BRUNSWICK,NJ08901 		  PC ELIJAH'S PROMISE SOUP KITCHEN, MOBILE SOUP KITCHEN, & SOCIAL SERVICES 1,000

NEW JERSEY AIDS SERVICES INC

35 WATERVIEW BLVD SUITE 201
PARSIPPANY,NJ07054 		  PC DINING OUT FOR LIFE 2023 500

HABITAT FOR HUMANITY INTERNATIONAL INC HH OF SOUTH CENTRAL NEW JERSEY IN

530 ROUTE 38 EAST
MAPLE SHADE,NJ08052 		  PC AFFORDABLE HOMEOWNERSHIP AND HOME REPAIRS 500

LITTLE LEAGUE BASEBALL INC MID ISLAND LL

3665 VICTORY BLVD
STATEN ISLAND,NY10314 		  PC INDOOR FACILITY 2,500

LOCAL INITIATIVES SUPPORT CORPORATION

28 LIBERTY STREET 34TH FLOOR
NEW YORK,NY10005 		  PC LISC NY 2024 BIG APPLE AWARDS GALA 20,000

CHAMAH

420 LEXINGTON AVENUE SUITE 300
NEW YORK,NY10170 		  PC CHAMAH FEED BROOKLYN 1,250

FOOD BANK OF SOUTH JERSEY INC

1501 JOHN TIPTON BLVD
PENNSAUKEN,NJ081102303 		  PC YOUTH NUTRITION OUTREACHTRAINING (YNOT) 2024 15,000

COMMUNITY FOOD BANK OF NEW JERSEY INC

31 EVANS TERMINAL
HILLSIDE,NJ07205 		  PC WORKFORCE DEVELOPMENT PROGRAMS 25,000

THE OASIS HAVEN FOR WOMEN & CHILDREN INC

59 MILL STREET
PATERSON,NJ07501 		  PC EMPOWERING LOW-INCOME MINORITY WOMEN THROUGH THE OASIS WORKPLACE DEVELOPMENT PROGRAM 75,000

FOOD BANK OF MONMOUTH AND OCEAN COUNTIES INC

3300 ROUTE 66
NEPTUNE,NJ07753 		  PC CULINARY TRAINING PROGRAM 35,000

THE APOLLO THEATER FOUNDATION INC

253 W 125TH ST
NEW YORK,NY10027 		  PC APOLLO THEATER ACADEMY 25,000

FUTURES AND OPTIONS INC

111 BROADWAY SUITE 1602
NEW YORK,NY10006 		  PC THE FUTURES AND OPTIONS INTERNSHIP PROGRAM 25,000

CATHEDRAL SOUP KITCHEN INC

1514 FEDERAL STREET
CAMDEN,NJ08105 		  PC CULINARY ARTS TRAINING PROGRAM 10,000

NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC

PO BOX 6976
PATERSON,NJ07509 		  PC COMPETE FOR LIFE AT JOHN F. KENNEDY HIGH SCHOOL 25,000

CAUCUS EDUCATIONAL CORPORATION

75 MIDLAND AVENUE
MONTCLAIR,NJ07042 		  PC STAND & DELIVER: POWERING EQUITY AND SOCIAL JUSTICE 7,500

FOCUS NJ INC

10 W LAFAYETTE STREET
TRENTON,NJ08608 		  PC FOCUS NJS WORKFORCE DEVELOPMENT TOOLKIT EXPANSION PROJECT 50,000

NEW YORK RESTORATION PROJECT

254 WEST 31ST STREET 14TH FLOOR
NEW YORK,NY10001 		  PC NYRP & CITIZENS PHILANTHROPIC FOUNDATION 2024 AND 2025 CORPORATE PARTNERSHIP 100,000

ELIJAH'S PROMISE

211 LIVINGSTON AVENUE
NEW BRUNSWICK,NJ08901 		  PC ELIJAH'S PROMISE CULINARY SCHOOL 16,500

OCEAN BAY COMMUNITY DEVELOPMENT CORPORATION

434 BEACH 54TH STREET
ARVERNE,NY11692 		  PC WORKFORCE DEVELOPMENT 50,000

PURSUIT TRANSFORMATION COMPANY INC

47-10 AUSTELL PLACE 2ND FLOOR
LONG ISLAND CITY,NY11101 		  PC SUPPORT FOR CONTINUOUS GROWTH OF THE PURSUIT FELLOWSHIP UNTIL HIRE 100,000

FOOD BANK FOR NEW YORK CITY

39 BROADWAY 10TH FLOOR
NEW YORK,NY10006 		  PC INCOME TAX PROGRAM (VITA) 75,000

BOYS & GIRLS CLUB OF GARFIELD INC

490 MIDLAND AVENUE
GARFIELD,NJ07026 		  PC YOUTH EMPOWERMENT THROUGH MUSIC: MUSIC MAKERS 500

CENTRAL JERSEY HOUSING RESOURCE CENTER CORP

92 EAST MAIN STREET SUITE 407 W
SOMERVILLE,NJ08876 		  PC HOUSING RESOURCE CENTER (HRC) 1,000

COMMUNITY ACTION SERVICE CENTER

PO BOX 88
HIGHTSTOWN,NJ08520 		  PC RISE HEALTHY INITIATIVES 1,000

COMMUNITY FOUNDATION OF NEW JERSEY

PO BOX 338
MORRISTOWN,NJ07963 		  PC MORRISTOWN FESTIVAL OF BOOKS (MFOB) 2,500

FAMILY CONNECTIONS INC

7 GLENWOOD AVE
EAST ORANGE,NJ07017 		  PC FAMILY CONNECTIONS MENTAL HEALTH CONNECTION 1,000

HABCORE INC

PO BOX 2361
RED BANK,NJ07701 		  PC INDEPENDENCE PATHWAYS (IP) PROGRAM 1,000

MATHENY SCHOOL AND HOSPITAL INC

65 HIGHLAND AVENUE
PEAPACK,NJ07977 		  PC MATHENY ARTS ACCESS SOTHEBY'S EXHIBIT AND RECEPTION 1,000

HOLINESS WORSHIP CENTER INC

1480 N TUCKAHOE RD
WILLIAMSTOWN,NJ08094 		  PC RESTORING CHURCH SANCTUARY 1,000

NJAC FOUNDATION INC

150 W STATE STREET
TRENTON,NJ08608 		  PC NJAC FOUNDATION SCHOLARSHIPS 10,500

PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION

1 COLLEGE BOULEVARD
PATERSON,NJ07505 		  PC GET FIT PASSAIC 2,500

TWO RIVER THEATER COMPANY

21 BRIDGE AVENUE
RED BANK,NJ07701 		  PC TWO RIVER THEATERS EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS 1,000

UNION COUNTY COLLEGE FOUNDATION INC

1033 SPRINGFIELD AVENUE
CRANFORD,NJ07016 		  PC THE WOMEN 100 PROJECT 2,500

WARD MELVILLE HERITAGE ORGANIZATION LTD

PO BOX 572
STONY BROOK,NY11790 		  PC LONG ISLAND SOUND CONNECTIONS: NEXT GENERATION MARINE SCIENCE AND ECOLOGY FOR CLASSROOMS 1,000

JEWISH CHILDREN'S FUND INC

792 EASTERN PARKWAY
BROOKLYN,NY11213 		  PC GIFT OF GIVING 5,000

YOUNG PEOPLE'S CHORUS OF NEW YORK CITY INC

37 W 65TH STREET
NEW YORK,NY10023 		  PC COLLEGE BOUND PROGRAMING FOR YOUNG CHORISTERS 1,000

FEDERATION OF ITALIAN AMERICAN ORGANIZATIONS OF BROOKLYN LTD

8711 18TH AVENUE
BROOKLYN,NY11214 		  PC 41ST ANNUAL COLUMBUS PARADE, 2024 GOLF OUTING, 6,250

HOT BREAD KITCHEN LTD

CHELSEA MARKET 75 NINTH AVE 0610
NEW YORK,NY10011 		  PC PROFESSIONAL SKILLS TRAINING FOR WOMEN, GENDER-EXPANSIVE PEOPLE, IMMIGRANTS, AND PEOPLE OF COLOR TO CREATE CAREERS IN THE FOOD INDUSTRY 25,000

COUNT BASIE THEATRE INC

99 MONMOUTH STREET
RED BANK,NJ07701 		  PC WORKFORCE DEVELOPMENT INTERNSHIPS 25,000

QUEENS COUNTY CHAMBER OF COMMERCE FOUNDATION INC

20 ASTORIA BOULEVARD
JACKSON HEIGHTS,NY11370 		  PC 2023: ONGOING ASSISTANCE TO SMALL BUSINESS IN QUEENS 25,000

ARTSWESTCHESTER INC

31 MAMARONCECK AVENUE
WHITE PLAINS,NY10601 		  PC FAMILY ARTSBASH 2,000

BAY RIDGE CENTER INC

411 OVINGTON AVENUE
BROOKLYN,NY11209 		  PC FINANCIAL LITERACY LOUNGE 5,000

EDEN AUTISM SERVICES INC

2 MERWICK RD
PRINCETON,NJ085405730 		  PC EMPLOYMENT AND COMMUNITY ENGAGEMENT SERVICES FOR ADULTS WITH AUTISM 1,000

THE EMMANUEL CANCER FOUNDATION INC

77 BRANT AVENUE SUITE 304
CLARK,NJ07066 		  PC EMERGENCY FINANCIAL AID PROGRAM 5,000

HOUSING INITIATIVES OF PRINCETON CHARITABLE TRUST

33 MERCER STREET
PRINCETON,NJ08540 		  PC WRAP AROUND SERVICES FOCUSED ON HELPING PEOPLE GET EMPLOYMENT 1,000

ISLAND HARVEST LTD

126 SPAGNOLI ROAD
MELVILLE,NY11747 		  PC STAMP OUT HUNGER 2,500

MONTCLAIR CELEBRATES JULY 4TH INC

21 WEST LINCOLN STREET
VERONA,NJ07044 		  PC MONTCLAIR CELEBRATES JULY 4TH INC. 1,500

OCEAN PROFESSIONAL THEATRE COMPANY INC

PO BOX 1155
BEACH HAVEN,NJ08008 		  PC SURFLIGHT THEATRE MAINSTAGE AND CHILDREN'S THEATRE 2024 SEASON 1,500

PROJECT HOSPITALITY INC

100 PARK AVENUE
STATEN ISLAND,NY10302 		  PC SUPPORT FOR PH'S FOOD PROGRAM AND VOLUNTEER TEAM 2,500

REEVES-REED ARBORETUM

165 HOBART AVENUE
SUMMIT,NJ07901 		  PC ACHIEVING TOTAL ACCESSIBILITY FOR THOUSANDS OF PHYSICALLY, COGNITIVELY AND/OR DEVELOPMENTALLY CHALLENGED VISITORS 5,000

TRI-COUNTY SCHOLARSHIP FUND

14 WEST MAIN STREET
MENDHAM,NJ07945 		  PC PARTIAL, NEEDS-BASED SCHOLARSHIPS FOR DETERMINED K-12 GRADE FROM LOW-INCOME FAMILIES TO ATTEND HIGH-QUALITY, ACCREDITED INDEPENDENT SCHOOLS 1,000

OPPORTUNITIES FOR A BETTER TOMORROW INC

882 3RD AVE STE 10-10NE
BROOKLYN,NY11232 		  PC STAY AT WORK ALUMNI PROGRAM 50,000

AMERICAN CORPORATE PARTNERS

140 EAST 45TH STREET FLOOR 21
NEW YORK,NY10017 		  PC VETERAN MENTORING PROGRAM 50,000

AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC

379 WEST STATE STREET
TRENTON,NJ08618 		  PC MOBILE ACADEMY PROGRAMS 50,000

BRIDGE STREET DEVELOPMENT CORPORATION

460 NOSTRAND AVENUE
BROOKLYN,NY11216 		  PC MICROSOFT OFFICE CERTIFICATION SKILLS TRAINING PROGRAM 50,000

ARTISTS FOR HUMANITY INC

100 WEST SECOND STREET
BOSTON,MA02127 		  PC AFH NYC 100,000

WILDLIFE CONSERVATION SOCIETY

2300 SOUTHERN BOULEVARD
BRONX,NY10460 		  PC THE WCS CAREER LATTICE INTERNSHIP SUPERVISOR TRAINING PROGRAM 50,000

ALL STAR CODE INC

276 5TH AVE RM 704 734
NEW YORK,NY10001 		  PC SUMMER INTENSIVE 29,000

TRI-COUNTY SCHOLARSHIP FUND

14 WEST MAIN STREET
MENDHAM,NJ07945 		  PC TCSF 43RD ANNUAL AWARDS DINNER TO SUPPORT PARTIAL, NEEDS-BASED SCHOLARSHIPS FOR DETERMINED K-12 STUDENTS FROM LOW-INCOME FAMILIES TO ATTEND HIGH-QUALITY, ACCREDITED INDEPENDENT SCHOOLS 25,000

ST NICK'S ALLIANCE CORP

790 BROADWAY
BROOKLYN,NY11206 		  PC SKILLED BUILD CONSTRUCTION TRAINING 50,000

HUDSON COUNTY COMMUNITY COLLEGE FOUNDATION INC

162-168 SIP AVE SECOND FLOOR
JERSEY CITY,NJ07306 		  PC GATEWAY TO INNOVATION 25,000

HUDSON COUNTY ECONOMIC DEVELOPMENT CORPORATION

830 BERGEN AVENUE
JERSEY CITY,NJ07306 		  PC HCEDC INTERNSHIP PROGRAM 25,000

KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC

203-05 32ND AVENUE
BAYSIDE,NY11361 		  PC KCS SMALL BUSINESS DIGITAL MARKETING LITERACY EXPANSION 2025 50,000

ELIZABETH DEVELOPMENT COMPANY OF NEW JERSEY

205 1ST STREET
ELIZABETH,NJ07206 		  PC EXPANDED WORKFORCE DEVELOPMENT SERVICES 10,000

CITY PARKS FOUNDATION INC

830 FIFTH AVE ROOM 21
NEW YORK,NY10065 		  PC PARTNERSHIPS FOR PARKS 20,000

TRUST FOR PUBLIC LAND

632 BROADWAY SUITE 902
NEW YORK,NY10012 		  PC NYC COMMUNITY SCHOOLYARDS IN BROOKLYN 20,000

BRONX RIVER ALLIANCE INC

1 BRONX RIVER PARKWAY
BRONX,NY10462 		  PC ENGAGING THE BRONX COMMUNITY IN ENVIRONMENTAL STEWARDSHIP 20,000

GREEN BELT CONSERVANCY INC

200 NEVADA AVENUE
STATEN ISLAND,NY10306 		  PC GREENBELT CONSERVATION CORPS 20,000

ALLIANCE FOR FLUSHING MEADOWS CORONA PARK CORPORATION

6 OLMSTEAD DRIVE
FLUSHING,NY11368 		  PC ENVIRONMENTAL STEWARDSHIP 20,000

CHURCH FOR THE HOLY APOSTLES

296 NINTH AVENUE
NEW YORK,NY10001 		  PC SOCIAL SUPPORT SERVICES 2,500

SOUTH STREET THEATER CO INC

100 SOUTH ST
MORRISTOWN,NJ079604149 		  PC MPACS PERFORMING ARTS ENRICHMENT PROGRAM AT MORRISTOWN NEIGHBORHOOD HOUSE 1,000

CONGREGATION BETH TIKVAH

3710 WOODBINE AVENUE
WANTAGH,NY11793 		  PC CONGREGATION BETH TIKVAH TIMES (CBT TIMES) A LIFELINE OF INFORMATION TO THE SOUTH SHORE OF LONG ISLAND AND BEYOND 2,500

HISPA INC

PO BOX 702
PRINCETON,NJ08542 		  PC HISPA ROLE MODEL PROGRAM 2023-24: WOODBRIDGE AND ISELIN, NJ 2,000

INTERNATIONAL GUIDING EYES INC

13479 GLENOAKS BOULEVARD
SYLMAR,CA91342 		  PC GENERAL OPERATING SUPPORT FOR GUIDE AND SERVICE DOG PROGRAMS 2,000

MERCY CAREER & TECHNICAL HIGH SCHOOL

2900 WEST HUNTING PARK AVENUE
PHILADELPHIA,PA19129 		  PC MERCY CAREER & TECHNICAL HIGH SCHOOL 1,000

MERCY CENTER CORPORATION

1106 MAIN STREET
ASBURY PARK,NJ07712 		  PC GREEN WORKS PROGRAM 1,000

OUR HOUSE FOUNDATION INC

76 FLORAL AVENUE
MURRAY HILL,NJ07974 		  PC LIFE AND JOB SKILLS TRAINING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES 1,000

BRAVE HOUSE INC

155 WATER ST 3RD FLOOR
BROOKLYN,NY11201 		  PC BRIDGING THE ECONOMIC, LEADERSHIP, AND EDUCATIONAL GAP FOR IMMIGRANT GIRLS IN NYC 1,000

UNION COUNTY COLLEGE FOUNDATION INC

1033 SPRINGFIELD AVENUE
CRANFORD,NJ07016 		  PC 1ST IN THE FAMILY SCHOLARSHIP 2,500

URBAN LEAGUE OF UNION COUNTY INC

1139 E JERSEY ST
ELIZABETH,NJ07201 		  PC WORKFORCE DEVELOPMENT 10,000

ST VINCENT'S ACADEMY

228 W MARKET STREET
NEWARK,NJ07103 		  PC SVA CAREER PREP READY PROGRAM (CPR) & SCHOOL-WIDE CAREER DAY 50,000

YEAR UP INC

45 MILK STREET 9TH FLOOR
BOSTON,MA02109 		  PC 2025 NATIONAL PARTNERSHIP + ADULT WORKFORCE TALENT IN NEW YORK AND NEW JERSEY 500,000

CAPITAL HEALTH SYSTEM FOUNDATION INC

TWO CAPITAL WAY SUITE 361
PENNINGTON,NJ08534 		  PC TRENTON NEIGHBORHOOD INITIATIVE 25,000

CATHOLIC CHARITIES DIOCESE OF TRENTON

383 W STATE STREET
TRENTON,NJ08607 		  PC RESTORING DIGNITY, GIVING HOPE 10,000

LOCAL INITIATIVES SUPPORT CORPORATION ECOSYSTEM DEVELOPMENT

550 BROAD STREET
NEWARK,NJ07102 		  PC ECOSYSTEM DEVELOPMENT 100,000

IRONBOUND COMMUNITY CORPORATION

317 ELM STREET
NEWARK,NJ07105 		  PC ICC FINANCIAL OPPORTUNITY CENTER (FOC) 10,000

BRANCH BROOK PARK ALLIANCE

290 W MT PLEASANT AVE SUITE 1320
LIVINGSTON,NJ07039 		  PC WORKFORCE DEVELOPMENT: PARK AMBASSADORS 1,000

RWJ BARNABAS HEALTH INC

201 LYONS AVE
NEWARK,NJ07112 		  PC NEWARK BETH ISRAEL MEDICAL CENTER' WELLNESS CENTER FOR ALL FAMILIES 5,000

FRIENDS OF FOUNDATION ACADEMY INC

363 W STATE STREET
TRENTON,NJ08618 		  PC SUPPORTING YOUNG ARTISTS: ART CLUB PROPOSAL 1,000

AMERICA'S GROW-A-ROW INC

150 PITTSTOWN ROAD
PITTSTOWN,NJ08867 		  PC 2024 AMERICA'S GROW-A-ROW GENERAL OPERATING PROGRAM 1,000

PLAYWORKS EDUCATION ENERGIZED

31 WEST 34TH STREET
NEW YORK,NY10001 		  PC BRINGING PLAY EQUITY, SOCIAL EMOTIONAL LEARNING AND LIFE SKILLS FOR ECONOMIC EMPOWERMENT TO NEWARK CHILDREN THROUGH THE POWER OF PLAY 500
Total .................................right arrow 3a 3,108,750
bApproved for future payment

CATHOLIC CHARITIES DIOCESE OF TRENTON
383 W STATE STREET
TRENTON,NJ08607 		  PC RESTORING DIGNITY, GIVING HOPE 10,000

YEAR UP INC
5 MILK STREET 9TH FLOOR
BOSTON,ME02109 		  PC NEW YORK AND NEW JERSEY 50,000
Total ................................. right arrow 3b 60,000
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 92,732  
4 Dividends and interest from securities ....     14 745,637  
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 ............ 		    18 178,901  
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 1,017,270 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,017,270
(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:
CITIZENS PHILANTHROPIC FOUNDATION INC
EIN:
56-2582815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 26,809 0   26,809

TY 2024 InvestmentsCorpBondsSchedule
Name:
CITIZENS PHILANTHROPIC FOUNDATION INC
EIN:
56-2582815
Name of Bond End of Year Book Value End of Year Fair Market Value
TCW FDS INC EMERGING MARKETS 179,079 179,079
BLACKROCK STRATEGIC INCOME OPPS INST 477,153 477,153
DOUBLELINE TOTAL RETURN BOND CL I 443,776 443,776
FIDELITY US BOND INDEX INSTL PREM 420,352 420,352
PIMCO INCOME INSTL 419,255 419,255
RIVERNORTH DOUBLINE SRTG INC I 211,032 211,032
WESTERN ASSET CORE BOND I 199,624 199,624

TY 2024 InvestmentsCorpStockSchedule
Name:
CITIZENS PHILANTHROPIC FOUNDATION INC
EIN:
56-2582815
Name of Stock End of Year Book Value End of Year Fair Market Value
CITIZENS FINL GROUP INC 15,696,012 15,696,012

TY 2024 OtherIncreasesSchedule
Name:
CITIZENS PHILANTHROPIC FOUNDATION INC
EIN:
56-2582815
Description Amount
UNREALIZED GAIN ON INVESTMENTS 3,929,089


TY 2024 OtherProfessionalFeesSchedule
Name:
CITIZENS PHILANTHROPIC FOUNDATION INC
EIN:
56-2582815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 34,329 34,329   0


TY 2024 TaxesSchedule
Name:
CITIZENS PHILANTHROPIC FOUNDATION INC
EIN:
56-2582815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 31,000 0   0