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 JAY AND LINDA GRUNIN FOUNDATION
D/B/A GRUNIN FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)432 LAKEHURST ROAD SUITE 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TOMS RIVER, NJ08755
A Employer identification number

45-3988913
B Telephone number (see instructions)

(732) 244-4010
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$21,036J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 7,000,863
2 Check right arrow.............
3 Interest on savings and temporary cash investments 954 954  
4 Dividends and interest from securities... 74,214 74,214  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 705
b Gross sales price for all assets on line 6a 3,779,676
7 Capital gain net income (from Part IV, line 2)... 2,301,014
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........ 7,076,736 2,376,182  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 800,379      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 174,810      
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,000 120    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
50,030      
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
12,953    
20 Occupancy.............. 61,583 616    
21 Travel, conferences, and meetings....... 46,696 467    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
386,578 3,866    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,545,029 5,069   0
25 Contributions, gifts, grants paid....... 9,280,908 6,045,908
26 Total expenses and disbursements. Add lines 24 and 25 10,825,937 5,069   6,045,908
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,749,201
b Net investment income (if negative, enter -0-) 2,371,113
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............. 488,456 21,036 21,036
2 Savings and temporary cash investments.........      
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).......      
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 arrow246,851
Less: accumulated depreciation (attach schedule) right arrow246,851      
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 488,456 21,036 21,036
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 1,900,000 5,135,000
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)   Click to see attachment
List of Attached Documents:
// Content
46,781
23 Total liabilities (add lines 17 through 22)......... 1,900,000 5,181,781
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........... -1,411,544 -5,160,745
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)..... -1,411,544 -5,160,745
30 Total liabilities and net assets/fund balances (see instructions). 488,456 21,036
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
-1,411,544
2
Enter amount from Part I, line 27a .....................
2
-3,749,201
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
-5,160,745
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
-5,160,745
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 GENL DYNAMICS CORP COMMON STOCK D 2008-08-12 2024-05-01
b HONEYWELL INTL INC D 2009-02-11 2024-12-10
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 3,212,997   1,043,244 2,169,753
b 566,679   435,418 131,261
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       2,169,753
b       131,261
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 2,301,014
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 32,958
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  
3 Add lines 1 and 2........................... 3 32,958
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 32,958
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 46,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,000
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  
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 13,042
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow13,042 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowGRUNINFOUNDATION.ORG
14
The books are in care ofright arrowJEREMY GRUNIN Telephone no.right arrow (732) 244-4010

Located atright arrowC/O GRUNIN FD 432 LAKEHURST STE 1432 LAKEHURST ROAD SUITE 1TOMS RIVERNJ ZIP+4right arrow08755
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
 
 
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
JAY GRUNIN CHAIRMAN
12.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
JEREMY GRUNIN PRESIDENT
36.00 		240,000 0 0
C/O GRUNIN FD 432 LAKEHURST STE 1
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
HEATHER BARBERI EXEC DIRECTO
40.00 		215,815 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
KELLY FLILLER DIR COMMUNIC
40.00 		110,674 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
JOSHUA GRUNIN BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
VICTORIA MARIE FERNANDEZ DIR COMMUNIT
40.00 		150,255 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
REBECCA GRUNIN BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
TOMAS ALVAREZ BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
LAURIE GOGANZER BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
NICOLE PULLIAM BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
EDWARD JOHNSON BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
JACLYN RODEMANN DIR OF OPERA
40.00 		83,635 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
ADRIANA MEDINA-GOMEZ BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
ELIZABETH GOLLA BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
EMMA GRUNIN BOARD MEMBER
5.00 		0 0 0
C/O GRUNIN FOUNDATION
432 LAKEHURST ROAD SUITE 1
TOMS RIVER,NJ08755
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  
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
ROBERT OTT LANDSCAPING MONUMENT MAINT. 50,351
1605 BASS POINT RD
MANASQUAN,NJ08736
Total number of others receiving over $50,000 for professional services.............right arrow  
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 CAPACITY PROGRAMMING: SUPPORT CAPACITY BUILDING/TECHNICAL ASSISTANCE WORKSHOPS (IN-PERSON & VIRTUAL), PROGRAMMING, CUSTOMIZED TRAININGS, AND 1:1 COACHING FOR THE ADVANCEMENT OF THE NONPROFIT SECTOR. THIS WORK IS CARRIED OUT BY FOUNDATION STAFF, AS WELL AS EXTERNAL CONSULTANTS. 208,482
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
0
b
Average of monthly cash balances.......................
1b
1,526,072
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,526,072
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
1,526,072
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
22,891
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,503,181
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
75,159
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
75,159
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
32,958
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
32,958
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
42,201
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
42,201
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
42,201
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
6,045,908
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,045,908
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 42,201
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 3,662,487
b From 2020...... 5,240,285
c From 2021...... 5,977,927
d From 2022...... 6,040,431
e From 2023...... 6,202,941
f Total of lines 3a through e ........ 27,124,071
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,045,908
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 42,201
e Remaining amount distributed out of corpus 6,003,707
5 Excess distributions carryover applied to 2024.    
(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 33,127,778
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		3,662,487
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		29,465,291
10 Analysis of line 9:
a Excess from 2020.... 5,240,285
b Excess from 2021.... 5,977,927
c Excess from 2022.... 6,040,431
d Excess from 2023.... 6,202,941
e Excess from 2024.... 6,003,707
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).)
JAY GRUNIN
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here 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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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
BUILDING 3 STE 42
HAZLET,NJ07730 		PUBLIC CHARITY OPERATING GRANT PMT 1 OF3 FOR GEN OP SUPPORT 25,000

21 PLUS FOUNDATION INC

1900 ROUTE 70
STE 12
MANCHESTER,NJ08759 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 10,400

AFRICAN LINK INITIATIVE INC

102 JARVIS STREET
PEMBERTON,NJ08068 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 25,000

ART PRIDE NJ FOUNDATION INC

432 HIGH STREET
FIRST FLOOR
BURLINGTON,NJ08016 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 50,000

ARTS ED NJ INC

432 HIGH STREET
BURLINGTON,NJ08016 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 40,000

BIG BROS BIG SIS OF COASTAL&NO NJ

305 BOND STREET
2ND FL
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 50,000

BOCA RATON REGIONAL HOSPITAL FND

800 MEADOWS ROAD
BOCA RATON,FL33486 		PUBLIC CHARITY OPERATING CAPITAL SUPPORT 500,000

BOYS&GIRLS CLUB OF MONMOUTH COUNTY

1201 MONROE AVE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING GRANT PMT 1OF4 GENERAL OP SUPPORT 50,000

BOYS&GIRLS CLUB OF MONMOUTH COUNTY

1201 MONROE AVE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING PROJECT L.E.A.D./GEN CAPACITY SUP 108,500

BRIDGING THE GAP FOR VETERANS INC

2600 HIGHWAY 35
MANASQUAN,NJ08736 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000

CENTER IN ASBURY PARK INC

806 THIRD AVENUE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 15,000

CENTRAL JERSEY CLUB OF NANBPWC

PO BOX 1161
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 12,500

CENTRASTATE HEALTHCARE FOUNDATION

225 WILLOW BROOK ROAD
UNIT 5
FREEHOLD,NJ07728 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT (WELL PREPARED) 15,000

CHILDRENS HOME SOCIETY OF NJ

635 S CLINTON AVENUE
TRENTON,NJ08611 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 2,000

CHOOSE LOVE CELEBRATE LIFE

PO BOX 601
TOMS RIVER,NJ08754 		PUBLIC CHARITY OPERATING GENERAL DONATION 500

CHILDREN'S SPECIALIZED HOSPITAL

150 NEW PROVIDENCE ROAD
MOUNTAINSIDE,NJ07092 		PUBLIC CHARITY OPERATING CAPITAL SUPPORT 200,000

COMMUNITY AFFAIRS & RESOURCE CENTER

913 SEWALL AVENUE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING GENERAL OP SUPPORT/CAPACITY SUPPORT 8,400

COMMUNITY ENGAGEMENT PARTNERS

PO BOX 471
PICKERINGTON,OH43147 		PUBLIC CHARITY OPERATING GEN OP SUPPORT/PROGRAM SUPPORT 11,950

COMMUNITY COMPASS INC

1563 OLD FREEHOLD RD
TOMS RIVER,NJ08755 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000

COMMUNITY MEDICAL CENTER FOUNDATION

99 HIGHWAY 37 WEST
TOMS RIVER,NJ08755 		PUBLIC CHARITY OPERATING CAPITAL SUPPORT (GME PROGRAM) 400,000

COMMUNITY SERVICES INC OF OCEAN CTY

PO BOX 610
STAFFORD,NJ08050 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 30,000

COUNCIL OF NJ GRANTMAKERS INC

1977 NORTH OLDEN AVENUE
STE 238
EWING,NJ08618 		PUBLIC CHARITY OPERATING PROGRAM/GEN OP/CAPACITY SUPPORT 9,000

COUNT BASIE THEATRE INC

99 MONMOUTH STREET
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING 10 YR ENDOWMENT CAMPAIGN PMT 2 OF10 200,000

COUNT BASIE THEATRE INC

99 MONMOUTH STREET
RED BANK,NJ07748 		PUBLIC CHARITY OPERATING CAPITAL SUPPORT/CAPACITY SUPPORT 274,666

CRAFT EMERGENCY RELIEF FUND INC

PO BOX 1341
MONTPELIER,VT05302 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 2,000

DULCE UPFRONT LABS

2029 N ARTHUR AVE
FRESNO,CA93705 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 4,000

EDUCATION & TRAINING INSTITUTE INC

55 PATERSON ST FL 2
NEW BRUNSWICK,NJ08901 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT 25,000

FAMILY PROMISE OF THE JERSEY SHORE

PO BOX 83
WEST CREEK,NJ08092 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 20,000

FAMILY & CHILDRENS SVC MONMOUTH CTY

191 BATH AVENUE
LONG BRANCH,NJ07740 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 400

FOODBANK OF MONMOUTH DBAFULFILL

3300 NJ RTE 66
NEPTUNE CITY,NJ07753 		PUBLIC CHARITY OPERATING PMT 1OF5 COMPREHENSIVE CAMPAIGN SUPP 200,000

GARDEN STATE SCHOLASTIC ESPORTS

1417 BIRMINGHAM AVE
TOMS RIVER,NJ08757 		PUBLIC CHARITY OPERATING GRANT PMT 1OF3 GENERAL OP SUPPORT 85,000

GARDEN STATE SCHOLASTIC ESPORTS

1417 BIRMINGHAM AVE
TOMS RIVER,NJ08757 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 5,000

GEORGIAN COURT UNIVERSITY

900 LAKEWOOD AVENUE
LAKEWOOD,NJ08701 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 25,250

GATHERING GROUND INC

PO BOX 722
NEPTUNE,NJ07754 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000

GIRL SCOUTS OF JERSEY SHORE

242 ADELPHIA ROAD
FARMINGDALE,NJ07727 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 400

HABCORE INC

PO BOX 2361
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING GRANT PMT 1OF3 GENERAL OP SUPPORT 25,000

HACKENSACK MERIDIAN HEALTH INC

1 RIVERVIEW PLAZA
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING JOHN K LLOYD NURSING SCHOLARSHIP 1,000

HACKENSACK MERIDIAN HEALTH INC

1945 HWY 33
NEPTUNE,NJ07753 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT (PCT PROGRAM) 500,000

HOPE SHEDS LIGHT INC

253 CHESTNUT STREET
TOMS RIVER,NJ08753 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 15,000

HUDSON COMMUNITY ENTERPRISE INC

68-70 TUERS AVENUE
JERSEY CITY,NJ07306 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 15,000

INSPIRE LIFE

PO BOX 2025
NEPTUNE CITY,NJ07754 		PUBLIC CHARITY OPERATING GRANT PMT1OF3 FOR GEN OP SUPPORT 50,000

INTERFAITH NEIGHBORS INC

810 4TH AVENUE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING CAPITAL SUPPORT 200,000

KONSCIOUS YOUTH DEVELOPMENT&SERVICE

810 FOURTH AVENUE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING GRANT PMT1OF3 FOR GEN OP SUPPORT 50,000

LUNCH BREAK

121 DRS JAMES PARKER BLVD
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING CAP CAMPAIGN/PROG SUPP/GEN DONATION 110,500

MENTAL HEALTH ASSOC OF MONMOUTH CTY

106 APPLE STREET
STE 110
TINTON FALLS,NJ07724 		PUBLIC CHARITY OPERATING GRANT PMT1OF3 FOR GEN OP SUPPORT 35,000

MONMOUTH COUNTY ARTS COUNCIL INC

130 MAPLE AVENUE
STE 7B
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000

MONMOUTH DAY CARE CENTER

9 DRS JAMES PARKER BLVD
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 15,000

MONMOUTH UNIVERSITY INC

400 CEDAR AVE
WEST LONG BRANCH,NJ07764 		PUBLIC CHARITY SCHOOL PMT1OF4 INTERCULTURAL CTR SUPPORT 50,000

MONMOUTH UNIVERSITY INC

400 CEDAR AVE
WEST LONG BRANCH,NJ07764 		PUBLIC CHARITY SCHOOL PROG SUPP SOCIAL JUSTICE ACADEMY 500,000

NJ ARTS&CULTURAL RENEWAL FUND INC

41 WATCHUNG PLAZA STE 515
MONTCLAIR,NJ07042 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 250,000

NJ CENTER FOR NONPROFITS INC

3635 QUAKERBRIDGE RD
STE 35
MERCERVILLE,NJ08619 		PUBLIC CHARITY OPERATING PMT1OF3 FOR GENERAL OP SUPPORT 25,000

NJ CENTER FOR NONPROFITS INC

3635 QUAKERBRIDGE RD
STE 35
MERCERVILLE,NJ08619 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT ANNUAL CONFERENCE 15,000

NEW JERSEY THEATRE ALLIANCE

432 LAKEHURST ROAD
SUITE 1
TOMS RIVER,NJ08755 		PUBLIC CHARITY OPERATING PMT1OF3 FOR GENERAL OP SUPPORT 50,000

NEW JERSEY THEATRE ALLIANCE

432 LAKEHURST ROAD
SUITE 1
TOMS RIVER,NJ08755 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT (CREATING CHANGE) 45,000

NY UNIV SCHOOL OF LAW FOUNDATION

25 WEST 4TH ST 4TH FL
NEW YORK,NY10012 		PUBLIC CHARITY OPERATING NONCASH CONTRIBUTION GRUNIN PRIZE 587

NEW YORK UNIVERSITY

105 EAST 17TH STREET
NEW YORK,NY10003 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT (GRUNIN PRIZE) 12,455

OCEAN COMMUNITY ECON ACTION NOW INC

40 WASHINGTON STREET
TOMS RIVER,NJ08754 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 22,500

OCEAN COUNTY COLLEGE FOUNDATION

PO BOX 2001 1 COLLEGE DR
TOMS RIVER,NJ08754 		PUBLIC CHARITY SCHOOL CAPITAL SUP/GRUNIN CENTER/OCVTS PAA 650,000

OCEAN COUNTY YMCA

1088 WEST WHITTY RD
TOMS RIVER,NJ08755 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 5,000

OPERATION WARM INC

PO BOX 822431
PHILADELPHIA,PA19182 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT OCEAN CTY COAT DRIVE 10,000

PARKER FAMILY HEALTH CENTER INC

211 SHREWSBURY AVE
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING PMT 1OF3 FOR GENERAL OP SUPPORT 25,000

PAUSE TO THRIVE

575 S MAIN ST STE 133
NEPTUNE,NJ07753 		PUBLIC CHARITY OPERATING GENERL OPERATING SUPPORT 10,000

PARKER FAMILY HEALTH CENTER INC

211 SHREWSBURY AVE
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 5,000

PREFERRED BEHAVIORAL HEALTH OF NJ

PO BOX 2036
LAKEWOOD,NJ08701 		PUBLIC CHARITY OPERATING PROG SUP YOUTH&FAM SVC/CAPACITY SUP 35,650

PROJECT WRITE NOW

68 WHITE ST STE 7-371
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING PMT 1OF3 FOR GENERAL OP SUPPORT 25,000

PRINCETON AREA COMMUNITY FOUNDATION

212 CARNEGIE CENTER
SUITE 201
PRINCETON,NJ08540 		PUBLIC CHARITY OPERATING JEFFREY M. VEGA MEMORIAL ENDOWMENT 1,000

REACH OUT AND READ INC

2 ORCHARD DRIVE
BASKING RIDGE,NJ07920 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 10,000

RISING TREETOPS AT OAKHURST INC

111 MONMOUTH ROAD
OAKHURST,NJ07755 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 2,000

RUTGERS UNIVERSITY FOUNDATION

335 GEORGE STREET
NEW BRUNSWICK,NJ08901 		PUBLIC CHARITY OPERATING PROG SUP SCARLET SERVICE INITIATIVE 200,000

SHORE CLUBHOUSE

266 BROADWAY
LONG BRANCH,NJ07740 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 25,000

SO NJ REGIONAL COMMUNITY FOUNDATION

PO BOX 446
HADDONFIELD,NJ08033 		PUBLIC CHARITY OPERATING NPPOCC GENERAL OP SUPPORT PMT 2 OF 3 50,000

SO NJ REGIONAL COMMUNITY FOUNDATION

PO BOX 446
HADDONFIELD,NJ08033 		PUBLIC CHARITY OPERATING C3 CONVENTION SUPPORT 21,000

SOCIETY FOR PREV OF TEEN SUICIDE

110 WEST MAIN STREET
FREEHOLD,NJ07728 		PUBLIC CHARITY OPERATING PMT 1OF3 FOR GENERAL OP SUPPORT 35,000

SPRINGPOINT FOUNDATION INC

4814 OUTLOOK DRIVE 201
WALL TWP,NJ07753 		PUBLIC CHARITY OPERATING PROGRAM SUPPORT (CNA CAREER PATH) 35,000

SUPPORT CENTER FOR NONPROFIT MGT

32 OLD SLIP
24TH FLOOR
NEW YORK,NY10005 		PUBLIC CHARITY OPERATING CAPACITY(CUSTOMTRAINING/OFFICE HRS/) 60,000

T THOMAS FORTUNE FOUNDATION

PO BOX 2248
WESTSIDE STATION
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING PMT 1OF3 FOR GENERAL OP SUPPORT 20,000

THIRD SECTOR NEW ENGLAND INC

89 SOUTH STREET
STE 700
BOSTON,MA02111 		PUBLIC CHARITY OPERATING GEN OP (BUILDING MOVEMENT PROJECT) 25,000

TOMS RIVER ARTIST COMMUNITY

40 MAIN STREET
TOMS RIVER,NJ08753 		PUBLIC CHARITY OPERATING PMT 1OF3 FOR GENERAL OP SUPPORT 50,000

TRENTON CIVIL CIRCUS PROJECT INC

675 SOUTH CLINTON AVE
TRENTON,NJ08611 		PUBLIC CHARITY OPERATING OP/PRO ASBURY PARK SUMMER INITIATIVE 10,750

TWO RIVER THEATRE

21 BRIDGE AVENUE
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING PROG SUP WORKFORCE DEV PROGRAM 25,000

VISITING NURSE ASSOC HEALTH GROUP

3600 STATE ROUTE 66 FL 4
NEPTUNE,NJ07753 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 30,000

YMCA OF GREATER MONMOUTH COUNTY

170 PATTERSON AVE
SHREWSBURY,NJ07702 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 112,000

YOUNG AUDIENCES OF NJ

200 FORRESTAL ROAD
PO BOX 3175
PRINCETON,NJ08540 		PUBLIC CHARITY OPERATING PMT 1OF3 FOR GENERAL OP SUPPORT 100,000

YOUNG AUDIENCES OF NJ

200 FORRESTAL ROAD
PO BOX 3175
PRINCETON,NJ08540 		PUBLIC CHARITY OPERATING GENERAL OPERATING SUPPORT 1,500

ZZAK G APPLAUD OUR KIDS FOUNDATION

PO BOX 994
BARNEGAT,NJ08005 		PUBLIC CHARITY OPERATING PMT 1OF2 FOR GENERAL OP SUPPORT 25,000

ZZAK G APPLAUD OUR KIDS FOUNDATION

PO BOX 994
BARNEGAT,NJ08005 		PUBLIC CHARITY OPERATING CAPACITY SUPPORT 10,000
Total .................................right arrow 3a 6,045,908
bApproved for future payment

180 TURNING LIVES AROUND INC
1 BETHANY ROAD
BUILDING 3 STE 42
HAZLET,NJ07730 		PUBLIC CHARITY OPERATING 3 YEAR GRANT GEN OPERATING SUPPORT 75,000

BOYS&GIRLS CLUB OF MONMOUTH COUNTY
1201 MONROE AVE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING 4 YEAR GRANT FOR GEN OP SUPPORT 350,000

FOODBANK OF MONMOUTH DBAFULFILL
3300 NJ RTE 66
NEPTUNE CITY,NJ07753 		PUBLIC CHARITY OPERATING 5YR GRANT COMPREHENSIVE CAMPAIGN SUP 1,000,000

GARDEN STATE SCHOLASTIC ESPORTS
1417 BIRMINGHAM AVE
TOMS RIVER,NJ08757 		PUBLIC CHARITY OPERATING 3 YR GRANT GENERAL OPERATING SUPPORT 255,000

HABCORE INC
PO BOX 2361
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING 3YR GRANT GENERAL OPERATING SUPPORT 75,000

INSPIRE LIFE
PO BOX 2025
NEPTUNE CITY,NJ07754 		PUBLIC CHARITY OPERATING 3YR GRAN FOR GENERAL OP SUPPORT 150,000

KONSCIOUS YOUTH DEVELOPMENT&SERVICE
810 FOURTH AVENUE
ASBURY PARK,NJ07712 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GEN OPERATING SUPPORT 150,000

MENTAL HEALTH ASSOC OF MONMOUTH CTY
106 APPLE STREET
STE 110
TINTON FALLS,NJ07724 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 105,000

MONMOUTH UNIVERSITY INC
400 CEDAR AVE
WEST LONG BRANCH,NJ07764 		PUBLIC CHARITY SCHOOL 4YR GRANT INTERCULTURAL CENTER SUP 200,000

NJ CENTER FOR NONPROFITS INC
3635 QUAKERBRIDGE RD
STE 35
MERCERVILLE,NJ08619 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 75,000

NEW JERSEY THEATRE ALLIANCE
432 LAKEHURST ROAD
SUITE 1
TOMS RIVER,NJ08755 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 150,000

OCEAN COUNTY YMCA
1088 WEST WHITTY RD
TOMS RIVER,NJ08755 		PUBLIC CHARITY OPERATING 1YR GRANT FOR GENERAL OP SUPPORT 10,000

PARKER FAMILY HEALTH CENTER INC
211 SHREWSBURY AVE
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 75,000

PROJECT WRITE NOW
68 WHITE ST STE 7-371
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 75,000

SOCIETY FOR PREV OF TEEN SUICIDE
110 WEST MAIN STREET
FREEHOLD,NJ07728 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 105,000

T THOMAS FORTUNE FOUNDATION
PO BOX 2248
WESTSIDE STATION
RED BANK,NJ07701 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 60,000

TOMS RIVER ARTIST COMMUNITY
40 MAIN STREET
TOMS RIVER,NJ08753 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 150,000

YMCA OF GREATER MONMOUTH COUNTY
170 PATTERSON AVE
SHREWSBURY,NJ07702 		PUBLIC CHARITY OPERATING 5YR GRANT FOR CAPITAL CAMPAIGN SUP 1,000,000

YOUNG AUDIENCES OF NJ
200 FORRESTAL ROAD
PO BOX 3175
PRINCETON,NJ08540 		PUBLIC CHARITY OPERATING 3YR GRANT FOR GENERAL OP SUPPORT 300,000

ZZAK G APPLAUD OUR KIDS FOUNDATION
PO BOX 994
BARNEGAT,NJ08005 		PUBLIC CHARITY OPERATING 2YR GRANT FOR GENERAL OP SUPPORT 50,000
Total ................................. right arrow 3b 4,410,000
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 ........... 		    14 954  
4 Dividends and interest from securities ....     14 74,214  
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 ............ 		    35 705  
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) ..   75,873  
13Total. Add line 12, columns (b), (d), and (e)..................
13
75,873
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

45-3988913
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE JAY AND LINDA GRUNIN FOUNDATION
D/B/A GRUNIN FOUNDATION 		Employer identification number
45-3988913
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
JAY GRUNIN
2199 WEST MAYA PALM DRIVE
 
BOCA RATON, FL33432

$ 7,000,863


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE JAY AND LINDA GRUNIN FOUNDATION
D/B/A GRUNIN FOUNDATION 		Employer identification number

45-3988913
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 11,190 SH GENERAL DYNAMICS CORP $ 3,206,271 2024-05-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 2,500SH HONEYWELL INTL INC. $ 572,700 2024-12-10
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE JAY AND LINDA GRUNIN FOUNDATION
D/B/A GRUNIN FOUNDATION 		Employer identification number

45-3988913
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE JAY AND LINDA GRUNIN FOUNDATION
 
D/B/A GRUNIN FOUNDATION
EIN:
45-3988913
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 12,000 120    

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

TY 2024 DepreciationSchedule
Name:
THE JAY AND LINDA GRUNIN FOUNDATION
 
D/B/A GRUNIN FOUNDATION
EIN:
45-3988913
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTER SOFTWARE 2019-12-02 15,473 15,473   3.0000        
WEBSITE DEVELOPMENT 2019-07-01 141,000 141,000   3.0000        
COMPUTER EQUIPMENT 2020-07-01 9,806 9,806 200DB 5.0000        
COMPUTER SOFTWARE 2020-07-01 12,944 12,944   3.0000        
WEBSITE DEVELOPMENT 2020-07-01 9,000 9,000   3.0000        
COMPUTER SOFTWARE 2021-08-09 9,600 9,600   3.0000        
COMPUTER SOFTWARE 2021-10-26 6,866 6,866   3.0000        
COMPUTER EQUIPMENT 2021-11-19 3,527 3,527 200DB 5.0000        
COMPUTER EQUIPMENT 2021-06-09 2,524 2,524 200DB 5.0000        
OFFICE FURNITURE 2022-02-09 3,478 3,478 200DB 7.0000        
OFFICE FURNITURE 2022-03-08 4,525 4,525 200DB 7.0000        
COMPUTER SOFTWARE 2023-07-01 7,714 7,714   3.0000        
COMPUTER EQUIPMENT 2023-07-01 7,441 7,441 200DB 5.0000        
COMPUTER SOFTWARE 2024-10-30 8,177     3.0000 8,177      
COMPUTER EQUIPMENT 2024-03-14 4,776   200DB 5.0000 4,776      

TY 2024 LandEtcSchedule2
Name:
THE JAY AND LINDA GRUNIN FOUNDATION
 
D/B/A GRUNIN FOUNDATION
EIN:
45-3988913
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
  246,851 246,851    


TY 2024 OtherExpensesSchedule
Name:
THE JAY AND LINDA GRUNIN FOUNDATION
 
D/B/A GRUNIN FOUNDATION
EIN:
45-3988913
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BANK CHARGES 27 2    
MEMBERSHIP DUES&SUBSCRIPTIONS 15,679 157    
DIRECT CHARITABLE ACTIVITIES 208,482 2,085    
INSURANCE EXPENSE 4,464 45    
INTERNET & IT-SUPPORT SERVICE 29,509 295    
NJ REGISTRATION FEES 30 2    
OFFICE EXPENSES 6,208 62    
OFFICE SUPPLIES 10,482 105    
PROMOTION - BRAND AWARENESS 8,039 80    
LANDSCAPING&MAINTENANCE-MONUM 54,298 543    
STAFF TRAINING 9,514 91    
CONSULTING 6,393 64    
EQUIPMENT RENTAL 11,921 119    
EVENT TICKETS - STAFF ONLY 13,152 132    
TELECOMMUNICATIONS 3,660 37    
STRATEGIC PLANNING 4,720 47    


TY 2024 OtherLiabilitiesSchedule
Name:
THE JAY AND LINDA GRUNIN FOUNDATION
 
D/B/A GRUNIN FOUNDATION
EIN:
45-3988913
Description Beginning of Year - Book Value End of Year - Book Value
PROFIT-SHARING PLAN PAYABLE   46,781


TY 2024 TaxesSchedule
Name:
THE JAY AND LINDA GRUNIN FOUNDATION
 
D/B/A GRUNIN FOUNDATION
EIN:
45-3988913
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX 50,030