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Also known as: CHARITABLE TRUST
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Ferdinand H & Sarah M Cinelli Charitable Trust is a private corporation based in YARMOUTH, ME. The foundation received its IRS ruling in 2003. The principal officer is Peter Cinelli. It holds total assets of $1.6M. Annual income is reported at $560K. Total assets have grown from $1.1M in 2011 to $1.4M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. 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, Ferdinand H & Sarah M Cinelli Charitable Trust has made 6 grants totaling $212K, with a median grant of $35K. The foundation has distributed between $68K and $74K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $74K distributed across 2 grants. Individual grants have ranged from $34K to $37K, with an average award of $35K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Maine. 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.
Ferdinand H & Sarah M Cinelli Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in ME.
Ferdinand H & Sarah M Cinelli Charitable Trust has distributed a total of $212K across 6 grants. The median grant size is $35K, with an average of $35K. Individual grants have ranged from $34K to $37K.
Ferdinand H & Sarah M Cinelli Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Ferdinand H & Sarah M Cinelli Charitable Trust is headquartered in YARMOUTH, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Cinelli | TRUSTEE | $0 | $0 | N/A |
Total Giving
$87K
Total Assets
$1.4M
Fair Market Value
$1.4M
Net Worth
$1.4M
Grants Paid
$70K
Contributions
N/A
Net Investment Income
$23K
Distribution Amount
$68K
Total: $1.3M
Total Grants
6
Total Giving
$212K
Average Grant
$35K
Median Grant
$35K
Unique Recipients
2
Most Common Grant
$37K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Etruscan FoundationRESEARCH OF ETRUSCAN CIVILIZATION | Yarmouth, ME | $35K | 2023 |
| Spannocchia FoundationRESEARCH OF ETRUSCAN CIVILIZATION | Yarmouth, ME | $35K | 2023 |