What The Provident Bank Foundation does

The Provident Bank Foundation is a 501(c)(3) private foundation established in 2003 and funded by Provident Bank. The foundation operates from Morristown, New Jersey, and awards grants to nonprofit organizations across New Jersey, New York, and Pennsylvania. Grantmaking is organized around three stated priority areas: Education, Human Services, and Workforce Development. A Board of Directors governs the foundation and approves grant awards.

In 2025 the foundation committed 41 multi-year Empowerment Grants totaling $515,000 annually to selected nonprofit recipients. In November 2025 the foundation launched a $50,000 Crisis Response Fund to address acute, time-sensitive community needs. The foundation has adopted a trust-based philanthropy approach, signaling fewer restrictions, longer commitments, and greater operational autonomy for grantees. The foundation maintains a digital presence via its website and social media channels for grant communications and applicant outreach.

The foundation's business model is grantmaking funded by a single corporate sponsor (Provident Bank); there are no earned-revenue products, fee-based services, or technology platforms. Administrative and overhead activity is absorbed within the foundation's structure. No data products, software, or AI/ML systems are referenced in the available materials, and the foundation's outputs are grants rather than commercial offerings.

Name

The Provident Bank Foundation

Legal name

The Provident Bank Foundation

Website

https://www.theprovidentbankfoundation.org/

Company type

Private

Founded year

2003

Operating status

Operating

Short description

The Provident Bank Foundation is a 501(c)(3) private foundation, established in 2003 and funded by Provident Bank, that awards grants to nonprofits across New Jersey, New York, and Pennsylvania in Education, Human Services, and Workforce Development.

Ownership category

akta.pro rank

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Grant Disbursements: As a corporate foundation funded by Provident Bank, The Provident Bank Foundation disburses grants to nonprofit organizations rather than generating revenue. The foundation receives funding from its parent bank and distributes grants to qualifying nonprofit organizations aligned with its funding priorities in education, human services, and workforce development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

The Provident Bank Foundation is a corporate philanthropic foundation that awards multi-year grants to 501(c)(3) nonprofit organizations operating in New Jersey, New York, and Pennsylvania. Its core offerings are the Empowerment Grants program (two years of flexible funding), the Crisis Response Fund (targeted emergency relief), and funding within three priority areas: Education, Human Services, and Workforce Development. The foundation is funded by and operates in alignment with Provident Bank's geographic branch footprint.

Product overview

The Provident Bank Foundation is a philanthropic grant-making organization that has operated since 2003, dedicated to creating positive effects on communities in New Jersey, New York, and Pennsylvania. The foundation's core offerings center around its Empowerment Grants program (providing two-year flexible funding to aligned nonprofits), Crisis Response Funds (for immediate community needs), and three strategic funding priorities: Education, Human Services, and Workforce Development. The foundation also provides a Resource Library connecting nonprofits to external capacity-building tools and support organizations. The foundation does not offer technology products or services.

Differentiator

Problem solved

Functional benefit

Products and services

• Empowerment Grants Multi-year grant program providing two years of flexible funding support for programs, projects, or initiatives within the foundation's geographic footprint that align with its funding priorities of Education, Human Services, and Workforce Development. For qualifying 501(c)(3) nonprofit organizations.
• Crisis Response Fund Targeted relief fund providing emergency grants to nonprofit organizations on the front lines of immediate community needs, such as food access following the US government shutdown. Awards grants to qualifying nonprofits responding to urgent crises.

Quantifiable outcome

• 41 Empowerment Grants totaling $515,000 awarded annually (2025)
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered supporting.

• Council of New Jersey Grantmakers (CNJG)supportingOthersCNJG is the center for philanthropy in New Jersey, serving independent, corporate, family, and community foundations as well as public grantmakers. Listed as a resource partner providing connections to the broader philanthropic community.
• New Jersey Center for NonprofitssupportingOthersA high visibility, high impact leader, champion, convener, and resource for New Jersey's nonprofit community. Listed as a resource partner supporting nonprofit capacity building.
• Trust-Based Philanthropy ProjectsupportingStrategic or Co-development PartnerA funder-to-funder advocacy initiative to make equitable grantmaking and community accountability the standard of practice for effective philanthropy. The foundation has adopted trust-based philanthropy principles in its revised strategic framework.
• United for ALICEsupportingOthersA driver of innovation, research, and action to improve life across the country for ALICE (Asset Limited, Income Constrained, Employed) and for all. ALICE populations align with the foundation's focus on marginalized communities.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• Princeton Area Community Foundation: PACF is a regional community foundation serving central New Jersey with grantmaking in education, human services, and community development. Its mission and operating region overlap meaningfully with PBF's NJ-focused work.
• The Community Foundation of New Jersey: The Community Foundation of New Jersey is a community-based grantmaking organization serving nonprofits across New Jersey with a similar focus on equity and community impact. It operates in the same geography but with a different (community vs corporate) funding model.

Broad incumbents

• Bank of America Charitable Foundation: Bank of America Charitable Foundation is the philanthropic arm of a major national bank with broad grantmaking programs spanning economic mobility, workforce development, and community development. It overlaps with PBF's priorities but at a national scale.
• JPMorgan Chase Foundation: JPMorgan Chase Foundation is one of the largest corporate foundations in the US, with multi-billion-dollar grantmaking focused on economic inclusion, workforce, and community development. It serves overlapping priority areas but with materially greater resources than PBF.
• Wells Fargo Foundation: Wells Fargo Foundation is the corporate foundation of a major national bank with substantially larger grantmaking capacity. It operates across all 50 states including NJ/NY/PA, overlapping with PBF's footprint but at much greater scale. It is a broad incumbent in the same bank-foundation category.

Direct peers

• TD Charitable Foundation: TD Charitable Foundation is the corporate foundation of TD Bank, a major retail bank with a deep branch footprint across New Jersey, New York, and Pennsylvania - the same tri-state region PBF serves. Both foundations are bank-sponsored 501(c)(3)s focused on community impact, making TD the closest direct peer in geography and structure.
• M&T Charitable Foundation: M&T Bank's charitable foundation is a corporate foundation of a regional commercial bank operating across the Northeast and Mid-Atlantic. Like PBF, it focuses on community development and education/human services grantmaking, making it a strong structural and operational peer.
• F.M. Kirby Foundation: The F.M. Kirby Foundation is a major New Jersey-based private family foundation that funds education, human services, and workforce-related causes across the same regional geography. It is a peer in mission focus and tri-state operating footprint, though it is family- rather than bank-funded.
• Valley Bank Foundation: Valley Bank is a New Jersey-headquartered commercial bank whose foundation supports community causes across the same NJ/NY geography PBF serves. As another NJ-rooted corporate bank foundation, it competes for similar nonprofit grantees in the region.

Others

• Council of New Jersey Grantmakers: CNJG is a philanthropic infrastructure organization that supports foundations and grantmakers operating in New Jersey. PBF lists CNJG as a resource partner, making it an ecosystem enabler rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key highlights6 records

Customer concentration

• Xx.com/ProvidentBank
• Facebookfacebook.com/providentbank
• LinkedInlinkedin.com/company/the-provident-bank-foundation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Provident Bank Foundation