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Fred And Patricia Salerno Private Foundation is a private corporation based in ALBANY, NY. The foundation received its IRS ruling in 2015. The principal officer is Ayco Company Lp - Ntg. It holds total assets of $1.8M. Annual income is reported at $1.2M. Total assets have grown from $373K in 2014 to $1.4M in 2023. The foundation is governed by 2 officers and trustees. Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support, by contributions, other charitable organizations exempt. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Fred And Patricia Salerno Private Foundation has made 23 grants totaling $1.4M, with a median grant of $11K. Annual giving has decreased from $640K in 2020 to $51K in 2023. Individual grants have ranged from $5K to $640K, with an average award of $63K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in New York and Ohio and Florida. Contributions to this foundation are tax-deductible.
Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support, by contributions, other charitable organizations exempt
Under internal revenue code section 501(c)(3).
Please note, the foundation is not involved in any direct charitable activities. Its primary purpose is to support, by contributions, other charitable organizations exempt. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in NY, OH, FL.
Fred And Patricia Salerno Private Foundation has distributed a total of $1.4M across 23 grants. The median grant size is $11K, with an average of $63K. Individual grants have ranged from $5K to $640K.
Fred And Patricia Salerno Private Foundation typically selects its grantees rather than accepting unsolicited proposals.
Fred And Patricia Salerno Private Foundation is headquartered in ALBANY, NY. While based in NY, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Patricia Salerno | DIRECTOR | $0 | $0 | N/A |
| Fred Salerno | DIRECTOR | $0 | $0 | N/A |
Total Giving
$55K
Total Assets
$1.4M
Fair Market Value
$1.7M
Net Worth
$1.4M
Grants Paid
$51K
Contributions
$182K
Net Investment Income
$373K
Distribution Amount
$61K
Total: $785K
Total Grants
23
Total Giving
$1.4M
Average Grant
$63K
Median Grant
$11K
Unique Recipients
11
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Electrical Industry Scholarship Fund Incgeneral | Flushing, NY | $30K | 2023 |
| Modern States Education Alliancegeneral | New York, NY | $50K | 2022 |
| Loblolly Community FoundationGENERAL | Hobe Sound, FL | $11K | 2023 |
| Hobe Sound Community Chestgeneral | Hobe Sound, FL | $10K | 2023 |
| Cleveland Clinic Foundationgeneral | Cleveland, OH | $100K | 2022 |
| Project Liftgeneral | Palm City, FL | $25K | 2022 |
| Arch Diocese Of Ny (Aes Memorial Foundation)general | New York, NY | $25K | 2022 |
| Part Of The Solutiongeneral | Bronx, NY | $8K | 2022 |
| Xavier High Schoolgeneral | New York, NY | $5K | 2022 |
| Diocese Of Palm Beachgeneral | Palm Beach Gardens, FL | $5K | 2022 |
| See Attached ListGENERAL CHARITABLE PURPOSES | Albany, NY | $272K | 2021 |