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Also known as: FOUNDATION INC
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Frank & Vera Ferola Charitable Foundation Inc. is a private corporation based in BOCA RATON, FL. The foundation received its IRS ruling in 1995. It holds total assets of $85K. Annual income is reported at $101K. Total assets have decreased from $681K in 2010 to $78K in 2022. The foundation is governed by 7 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 2016 to 2023. Funding is distributed across 4 states, including Florida, New York, Nebraska. According to available records, Frank & Vera Ferola Charitable Foundation Inc. has made 36 grants totaling $377K, with a median grant of $1K. The foundation has distributed between $88K and $197K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $197K distributed across 20 grants. Individual grants have ranged from $100 to $41K, with an average award of $10K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Florida, New York, New Jersey, which account for 72% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$1K
Average Grant
$10K
Largest Grant
$40K
Based on 10 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.
Frank & Vera Ferola Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in FL, NY, NJ.
Frank & Vera Ferola Charitable Foundation Inc. has distributed a total of $377K across 36 grants. The median grant size is $1K, with an average of $10K. Individual grants have ranged from $100 to $41K.
Frank & Vera Ferola Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Frank & Vera Ferola Charitable Foundation Inc. is headquartered in BOCA RATON, FL. While based in FL, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William Mccarthy Esq | DIRECTOR | $0 | $0 | N/A |
| Daniel Aubin | DIRECTOR | $0 | $0 | N/A |
| Ann Ferola | DIRECTOR | $0 | $0 | N/A |
| Peter F Ferola | VICE PRESIDENT | $0 | $0 | N/A |
| John Levitz | DIRECTOR | $0 | $0 | N/A |
| Gary Gelo | DIRECTOR | $0 | $0 | N/A |
| Vera Ferola | PRESIDENT | $0 | $0 | N/A |
Total Giving
$102K
Total Assets
$78K
Fair Market Value
$78K
Net Worth
$78K
Grants Paid
$91K
Contributions
$106K
Net Investment Income
N/A
Distribution Amount
$4K
Total Grants
36
Total Giving
$377K
Average Grant
$10K
Median Grant
$1K
Unique Recipients
13
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St John Paul Ii AcademyTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Boca Raton, FL | $40K | 2023 |
| Diocese Of Palm Beach Lumen Christi GalaTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Palm Beach Gardens, FL | $25K | 2023 |
| St Jude Catholic ChurchTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Boca Raton, FL | $20K | 2023 |
| Diocese Of Palm Beach Services AppealTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Palm Beach Gardens, FL | $5K | 2023 |
| Wounded Warrior ProjectTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Topeka, KS | $300 | 2023 |
| St Joseph Indian SchoolTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Chamberlain, SD | $150 | 2023 |
| Boys TownTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Boys Town, NE | $150 | 2023 |
| Broward Children'S CenterTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Pompano Beach, FL | $2K | 2022 |
| Carmelite FriarsTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Middletown, NY | $500 | 2022 |
| Smile TrainTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSES | New York, NY | $375 | 2022 |
| Peggy Adams Animal Rescue LeagueTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | West Palm Beach, FL | $100 | 2022 |
| Boca Raton Regional HospitalTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Boca Raton, FL | $5K | 2021 |
| Autism SpeaksTO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | Princeton, NJ | $1K | 2021 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL