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Montecalvo Family Foundation is a private corporation based in ATLANTIC HIGHLANDS, NJ. The foundation received its IRS ruling in 2021. It holds total assets of $5.4M. Annual income is reported at $1.7M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Montecalvo Family Foundation has made 17 grants totaling $2.1M, with a median grant of $50K. Annual giving has decreased from $1.3M in 2022 to $770K in 2023. Individual grants have ranged from $10K to $500K, with an average award of $123K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Maryland and New Jersey and Illinois. Contributions to this foundation are tax-deductible.
Montecalvo Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in MD, NJ, IL.
Montecalvo Family Foundation has distributed a total of $2.1M across 17 grants. The median grant size is $50K, with an average of $123K. Individual grants have ranged from $10K to $500K.
Montecalvo Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Montecalvo Family Foundation is headquartered in ATLANTIC HIGHLANDS, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nicole Oppelt | TRUSTEE | $0 | $0 | $0 |
| Valerie Montecalvo | TRUSTEE | $0 | $0 | $0 |
| Frank C Montelcavo | TRUSTEE | $0 | $0 | $0 |
| Frank E Montelcavo | TRUSTEE | $0 | $0 | $0 |
Total Giving
$771K
Total Assets
$4.5M
Fair Market Value
$4.5M
Net Worth
$4.5M
Grants Paid
$770K
Contributions
$2M
Net Investment Income
$120K
Distribution Amount
$153K
Total Grants
17
Total Giving
$2.1M
Average Grant
$123K
Median Grant
$50K
Unique Recipients
8
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Players Philanthropy FundGENERAL DONATION | Towson, MD | $500K | 2023 |
| Monmouth Conservation FoundationGENERAL DONATION | Lincroft, NJ | $100K | 2023 |
| Count Basie Center For The ArtsGENERAL DONATION | Red Bank, NJ | $50K | 2023 |
| Clean Ocean ActionGENERAL DONATION | Long Branch, NJ | $50K | 2023 |
| Riverview Medical Center FoundationGENERAL DONATION | Redbank, NJ | $50K | 2023 |
| Lunch BreakGENERAL DONATION | Red Bank, NJ | $10K | 2023 |
| Rush University Medical CenterGENERAL DONATION | Chicago, IL | $10K | 2023 |
| Monmouth Medical Center FoundationGENERAL DONATION | Long Branch, NJ | $50K | 2022 |
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