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Also known as: FUND FOR THE ARTS INC
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Florence & Paul Derosa Memorial Fund For The Arts Inc. is a private corporation based in TENAFLY, NJ. The foundation received its IRS ruling in 2003. It holds total assets of $2.9M. Annual income is reported at $595K. Total assets have decreased from $4.7M in 2011 to $3.3M 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. The foundation primarily funds organizations in New York and New Jersey. According to available records, Florence & Paul Derosa Memorial Fund For The Arts Inc. has made 17 grants totaling $694K, with a median grant of $36K. The foundation has distributed between $336K and $358K annually from 2022 to 2023. Individual grants have ranged from $12K to $102K, with an average award of $41K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in New Jersey and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$12K
Median Grant
$34K
Average Grant
$40K
Largest Grant
$102K
Based on 9 grants from the most recent 990-PF filing.
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.
Florence & Paul Derosa Memorial Fund For The Arts Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in NJ, NY.
Florence & Paul Derosa Memorial Fund For The Arts Inc. has distributed a total of $694K across 17 grants. The median grant size is $36K, with an average of $41K. Individual grants have ranged from $12K to $102K.
Florence & Paul Derosa Memorial Fund For The Arts Inc. typically selects its grantees rather than accepting unsolicited proposals.
Florence & Paul Derosa Memorial Fund For The Arts Inc. is headquartered in TENAFLY, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul Derosa | TRUSTEE | $0 | $0 | N/A |
Total Giving
$428K
Total Assets
$3.3M
Fair Market Value
$8M
Net Worth
$3.3M
Grants Paid
$336K
Contributions
N/A
Net Investment Income
$296K
Distribution Amount
$367K
Total: $3.2M
Total Grants
17
Total Giving
$694K
Average Grant
$41K
Median Grant
$36K
Unique Recipients
9
Most Common Grant
$34K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Newark AcademyAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | Livingston, NJ | $71K | 2023 |
| Saddle River Day SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | Saddle River, NJ | $71K | 2023 |
| The Spence SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | New York, NY | $39K | 2023 |
| The Morristown Beard SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | Morristown, NJ | $36K | 2023 |
| The Chapin SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | New York, NY | $36K | 2023 |
| The Wardlaw Hartrdige SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | Edison, NJ | $36K | 2023 |
| Nightingale Bamford SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | New York, NY | $36K | 2023 |
| The Juilliard SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | New York, NY | $12K | 2023 |
| The Berkeley Carroll SchoolAN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | Brooklyn, NY | $40K | 2022 |