//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Maria Grazia Panaro Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 1995. The principal officer is Merrill Lynch Trust Company. It holds total assets of $1.1M. Annual income is reported at $267K. Total assets have grown from $679K in 2011 to $1.1M in 2023. The foundation is governed by 13 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 2020 to 2024. According to available records, Maria Grazia Panaro Foundation has made 14 grants totaling $145K, with a median grant of $9K. Annual giving has grown from $16K in 2022 to $50K in 2024. Grantmaking activity was highest in 2023 with $79K distributed across 6 grants. Individual grants have ranged from $2K to $25K, with an average award of $10K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Virginia, New York, Alabama, which account for 79% of all grants. Grantmaking reaches organizations across 6 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.
Maria Grazia Panaro Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in VA, NY, AL.
Maria Grazia Panaro Foundation has distributed a total of $145K across 14 grants. The median grant size is $9K, with an average of $10K. Individual grants have ranged from $2K to $25K.
Maria Grazia Panaro Foundation typically selects its grantees rather than accepting unsolicited proposals.
Maria Grazia Panaro Foundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | CO-TRUSTEE | $20K | $0 | $20K |
| Michael J Saile Esq | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Mary Lou Kramli | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Anita Lembo | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Tony Lembo | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Catherine S Courtney | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Mary Clare Murray | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Will Courtney | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Katie Scalia | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Nino Scalia | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Grace Ellen Murray | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Meg Bryce | TRUST BOARD MEMBER | $0 | $0 | N/A |
| Lenora Panaro | TRUST BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$71K
Total Assets
$1.1M
Fair Market Value
$1.2M
Net Worth
$1.1M
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$266K
Distribution Amount
$54K
Total: $939K
Total Grants
14
Total Giving
$145K
Average Grant
$10K
Median Grant
$9K
Unique Recipients
12
Most Common Grant
$2K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kindness CvilleGENERAL OPERATING | Charlottesvle, VA | $23K | 2024 |
| Word On Fire Catholic MinistriesGENERAL OPERATING | Park Ridge, IL | $10K | 2024 |
| Langley Residential Support ServicesGENERAL OPERATING | Vienna, VA | $7K | 2024 |
| Porto Charities IncGENERAL OPERATING | Arlington, VA | $6K | 2024 |
| Young LifeGENERAL OPERATING | Antelope, OR | $5K | 2024 |
| The Foundation For The Catholic DioceseGENERAL OPERATING | Arlington, VA | $25K | 2023 |
| Services For The Underserved IncGENERAL OPERATING | New York, NY | $20K | 2023 |
| Spring Valley School FoundationGENERAL OPERATING | Birmingham, AL | $12K | 2023 |
| The Arc Of Southern MarylandGENERAL OPERATING PURPOSE | Prince Federick, MD | $10K | 2023 |
| Young Life CapernaumGENERAL OPERATING | Arlington, VA | $4K | 2023 |
| The Arc Of Northern VirginiaGENERAL OPERATING PURPOSE | Falls Church, VA | $13K | 2022 |
| Porto CharitiesGENERAL OPERATING | Arlington, VA | $2K | 2022 |