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Ferrara Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2023. The principal officer is Foundation Source. It holds total assets of $5.2M. Annual income is reported at $1.1M. The foundation is governed by 5 officers and trustees. 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 2022 to 2023. According to available records, Ferrara Foundation Inc. has made 20 grants totaling $238K, with a median grant of $8K. Individual grants have ranged from $3K to $25K, with an average award of $12K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in Massachusetts, District of Columbia, Vermont, which account for 70% of all grants. Grantmaking reaches organizations across 9 states. 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.
Ferrara Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in MA, DC, VT.
Ferrara Foundation Inc. has distributed a total of $238K across 20 grants. The median grant size is $8K, with an average of $12K. Individual grants have ranged from $3K to $25K.
Ferrara Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ferrara Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathleen A Ferrara | Dir, Clerk | $0 | $0 | N/A |
| Alfred J Ferrara | Dir, Treas | $0 | $0 | N/A |
| Claudia J Ferrara | Dir, VP | $0 | $0 | N/A |
| Jack A Ferrara | Dir, Comm Relations officer | $0 | $0 | N/A |
| John M Ferrara | Dir, Pres | $0 | $0 | N/A |
Total Giving
$262K
Total Assets
$5M
Fair Market Value
$5M
Net Worth
$5M
Grants Paid
$238K
Contributions
N/A
Net Investment Income
$228K
Distribution Amount
$247K
Total Grants
20
Total Giving
$238K
Average Grant
$12K
Median Grant
$8K
Unique Recipients
20
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United Negro College Fund IncGeneral & Unrestricted | Washington, DC | $25K | 2023 |
| Dana Farber Cancer Institute IncThe Ferrara Pediatric Patient Assistance Fund | Boston, MA | $25K | 2023 |
| Friendshipworks IncGeneral & Unrestricted | Boston, MA | $25K | 2023 |
| Project Citizenship IncGateway Cities Initiative | Boston, MA | $25K | 2023 |
| Catholic Charitable Bureau Of The Archdiocese Of BFerrara Family Foundation Scholarship fund | South Boston, MA | $25K | 2023 |
| Mike Harneys Play Ball IncGeneral & Unrestricted | Concord, MA | $15K | 2023 |
| S E A L Foundation IncGeneral & Unrestricted | Lakeville, MA | $15K | 2023 |
| Vermont Community FoundationFlood Relief and Recovery Fund | Middlebury, VT | $15K | 2023 |
| Massachusetts Coalition For The Homeless IncGeneral & Unrestricted | Lynn, MA | $10K | 2023 |
| PelotoniaGeneral & Unrestricted | Columbus, OH | $10K | 2023 |
| Shoes That FitCapstone Partners-2023 Campaign | Claremont, CA | $5K | 2023 |
| Boys And Girls Clubs Of Boston IncCapstone Partners-2023 Campaign | Boston, MA | $5K | 2023 |
| C5 Youth Foundation Of Texas IncCapstone Partners-2023 Campaign | Dallas, TX | $5K | 2023 |
| Medecins Sans Frontieres Usa Inc - Doctors WithoutGeneral & Unrestricted | Hagerstown, MD | $5K | 2023 |
| St Jude Childrens Research Hospital IncGeneral & Unrestricted | Memphis, TN | $5K | 2023 |
| The Greater Boston Food Bank IncGeneral & Unrestricted | Boston, MA | $5K | 2023 |
| Vietnam Veterans Workshop IncGeneral & Unrestricted | Boston, MA | $5K | 2023 |
| Heart & Hand CenterCapstone Partners-2023 Campaign | Denver, CO | $5K | 2023 |
| Dj Dream FundGeneral & Unrestricted | Boston, MA | $5K | 2023 |
| Brookline Food Pantry IncGeneral & Unrestricted | Brookline, MA | $3K | 2023 |