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Angelo Sylvestro Festorazzi Scholarship Trust Fund is a private trust based in BIRMINGHAM, AL. The foundation received its IRS ruling in 1976. The principal officer is Regions Bank. It holds total assets of $3.1M. Annual income is reported at $952K. Total assets have grown from $2.4M in 2011 to $2.9M in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Angelo Sylvestro Festorazzi Scholarship Trust Fund has made 6 grants totaling $485K, with a median grant of $78K. Annual giving has grown from $175K in 2021 to $310K in 2022. Individual grants have ranged from $4K to $171K, with an average award of $81K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in Alabama and Pennsylvania. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Angelo Sylvestro Festorazzi Scholarship Trust Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in AL, PA.
Angelo Sylvestro Festorazzi Scholarship Trust Fund has distributed a total of $485K across 6 grants. The median grant size is $78K, with an average of $81K. Individual grants have ranged from $4K to $171K.
Angelo Sylvestro Festorazzi Scholarship Trust Fund typically selects its grantees rather than accepting unsolicited proposals.
Angelo Sylvestro Festorazzi Scholarship Trust Fund is headquartered in BIRMINGHAM, AL. While based in AL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Regions Bank Trust Dept | TRUSTEE | $41K | $0 | $41K |
Total Giving
$210K
Total Assets
$2.9M
Fair Market Value
$3.4M
Net Worth
$2.9M
Grants Paid
$164K
Contributions
N/A
Net Investment Income
$90K
Distribution Amount
$162K
Total Grants
6
Total Giving
$485K
Average Grant
$81K
Median Grant
$78K
Unique Recipients
2
Most Common Grant
$4K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Providence HospitalSCHOLARSHIPS | Mobile, AL | $151K | 2022 |
| Curtis Institute Of MusicSCHOLARSHIPS | Philadelphia, PA | $4K | 2022 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL