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Mary Carrozza Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2010. The principal officer is Merrill Lynch Trust Company Ttee. It holds total assets of $3.7M. Annual income is reported at $1.6M. Total assets have grown from $2.4M in 2011 to $3.6M in 2023. The foundation is governed by 2 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 2023. The foundation primarily funds organizations in Connecticut and Tennessee. According to available records, Mary Carrozza Foundation has made 6 grants totaling $338K, with a median grant of $56K. The foundation has distributed between $165K and $173K annually from 2022 to 2023. Individual grants have ranged from $55K to $58K, with an average award of $56K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Connecticut and Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$51K
Median Grant
$51K
Average Grant
$51K
Largest Grant
$51K
Based on 3 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.
Mary Carrozza Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in CT, TN.
Mary Carrozza Foundation has distributed a total of $338K across 6 grants. The median grant size is $56K, with an average of $56K. Individual grants have ranged from $55K to $58K.
Mary Carrozza Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mary Carrozza Foundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | CO-TRUSTEE | $47K | $0 | $47K |
| Daniel A Sliver | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$219K
Total Assets
$3.6M
Fair Market Value
$3.9M
Net Worth
$3.6M
Grants Paid
$165K
Contributions
N/A
Net Investment Income
$138K
Distribution Amount
$189K
Total: $3.1M
Total Grants
6
Total Giving
$338K
Average Grant
$56K
Median Grant
$56K
Unique Recipients
3
Most Common Grant
$58K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Salvation ArmyGENERAL OPERATING | Waterbury, CT | $55K | 2023 |
| St Judes Children'SGENERAL OPERATING | Memphis, TN | $55K | 2023 |
| Hospital For Special CareGENRAL OPERATING | New Britiain, CT | $55K | 2023 |