Magyar Charitable
Foundation

About The Magyar Bank Charitable Foundation

Since being founded in 1922, Magyar Bank has taken an active role in improving the quality of life for families and businesses in the communities it serves.
And through the MagyarBank Charitable Foundation, the Bank has strengthened its commitment to building a long-term partnership with the
community.

The Foundation actively seeks community development opportunities in four primary areas, while also recognizing the need to change with the needs
and social conditions of the Community over time.

Education

Initiatives at the primary, secondary, and post secondary levels that raise the aspirations of students in the community, and enhance knowledge in specific areas such as economics, communications, business and public speaking, as well as initiatives that support the education process.

Health and Human Services

Programs that are essential to the underlying medical care of the Community. Initiatives that focus on physical and mental wellness. We would additionally make efforts to inform the hospitals and similar facilities that serve our region and market area of our Foundation and its purpose.

Youth Programs

Programs that assist in improving the quality of life for children in the Community or programs that foster education, learning and leadership.

Affordable Housing

Programs that provide, or encourage the creation of, affordable and/or low income housing in the Community.

Additional Information

We are currently accepting applications for our next meeting. Applications are due by February 28, 2026.

For more information about the MagyarBank Charitable Foundation, or to submit a Grant Request Application, please call (732) 342-7600 ext. 161 or email dmazella@magbank.com.

Magyar Charitable Foundation