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Also known as: FOUNDATION
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Michael And Jacqueline Ferro Familyfoundation is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2007. The principal officer is The Foundation. It holds total assets of $2.7M. Annual income is reported at $137K. Total assets have decreased from $3.3M in 2011 to $2.7M in 2023. The foundation is governed by 3 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 2015 to 2023. The foundation primarily funds organizations in Illinois, Georgia and New York. According to available records, Michael And Jacqueline Ferro Familyfoundation has made 20 grants totaling $405K, with a median grant of $5K. The foundation has distributed between $115K and $163K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $163K distributed across 6 grants. Individual grants have ranged from $200 to $110K, with an average award of $20K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in Illinois, Georgia, New York, which account for 90% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$24K
Largest Grant
$75K
Based on 7 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.
Michael And Jacqueline Ferro Familyfoundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in IL, GA, NY.
Michael And Jacqueline Ferro Familyfoundation has distributed a total of $405K across 20 grants. The median grant size is $5K, with an average of $20K. Individual grants have ranged from $200 to $110K.
Michael And Jacqueline Ferro Familyfoundation typically selects its grantees rather than accepting unsolicited proposals.
Michael And Jacqueline Ferro Familyfoundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Ferro | PRESIDENT | $0 | $0 | N/A |
| Bruce White | DIRECTOR | $0 | $0 | N/A |
| Jacqueline Ferro | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$140K
Total Assets
$2.7M
Fair Market Value
$2.8M
Net Worth
$2.7M
Grants Paid
$115K
Contributions
$6K
Net Investment Income
$48K
Distribution Amount
$136K
Total Grants
20
Total Giving
$405K
Average Grant
$20K
Median Grant
$5K
Unique Recipients
15
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys & Girls Clubs Of ChicagoGENERAL SUPPORT | Chicago, IL | $110K | 2023 |
| The Foundation For Aids ResearchGENERAL SUPPORT | New York, NY | $5K | 2023 |
| Hippocratic Cancer Research FoundationGENERAL SUPPORT | Chicago, IL | $50K | 2022 |
| Boys & Girls Clubs Of AmericaGENERAL SUPPORT | Atlanta, GA | $50K | 2022 |
| Teaching Tolerance (Il Holocaust Museum & Ed Ctr)GENERAL SUPPORT | Skokie, IL | $50K | 2022 |
| Chicago Preservation CoGENERAL SUPPORT | Harvey, IL | $5K | 2022 |
| Chicago Gateway GreenGENERAL SUPPORT | Chicago, IL | $5K | 2022 |
| University Of IllinoisGENERAL SUPPORT | Urbana, IL | $3K | 2022 |
| Echoing GreenGENERAL SUPPORT | New York, NY | $30K | 2020 |
| Westminster SchoolGENERAL SUPPORT | Atlanta, GA | $10K | 2020 |
| Latin School Of ChicagoGENERAL SUPPORT | Chicago, IL | $10K | 2020 |
| Palm Beach Police Foundation IncGENERAL SUPPORT | Palm Beach, FL | $5K | 2020 |
| Ada 25 Advancing LeadershipGENERAL SUPPORT | Chicago, IL | $5K | 2020 |
| Treasure Coast Hospice FoundationGENERAL SUPPORT | Stuart, FL | $1K | 2020 |
| Northwestern Memorial HospitalGENERAL SUPPORT | Chicago, IL | $200 | 2020 |