//
Also known as: SCHOLARSHIP FOUNDATION
Work at this foundation?
Claim this profile to edit this page and see interest from grant seekers.
Paul And Norma Facella Memorial Scholarship Foundation is a private trust based in MALDEN, MA. The foundation received its IRS ruling in 2015. The principal officer is Vincent F Cavaretta. It holds total assets of $8.2M. Annual income is reported at $2.5M. Total assets have grown from $5.3M in 2014 to $7M in 2022. The foundation is governed by 2 officers and trustees. The trustees of the foundation awarded 13,000 to winthrop high school, located in winthrop massachusetts. The school used the funds to help defray the cost of advanced placement exams. The trustees of the foundation awarded 247,000 to various colleges and universities for scholarships for the benefit of 18 selected graduating students of winthrop high school for the purpose of enhancing the students' post-secondary education. Tax records are available from 2017 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Paul And Norma Facella Memorial Scholarship Foundation has made 1 grants totaling $260K, with a median grant of $260K. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$10K
Average Grant
$12K
Largest Grant
$25K
Based on 19 grants from the most recent 990-PF filing.
The trustees of the foundation distributed 11,000 to winthrop high school, located in winthrop massachusetts. The school used the funds to help defray the cost of advanced placement exams. The trustees of the foundation distributed 220,000 to various colleges and universities for scholarships for the benefit of 18 selected graduating students of winthrop high school for the purpose of enhancing the students' post-secondary education.
Expenses: $231K
The trustees of the foundation awarded 13,000 to winthrop high school, located in winthrop massachusetts. The school used the funds to help defray the cost of advanced placement exams. The trustees of the foundation awarded 247,000 to various colleges and universities for scholarships for the benefit of 18 selected graduating students of winthrop high school for the purpose of enhancing the students' post-secondary education. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in MA.
Paul And Norma Facella Memorial Scholarship Foundation has distributed a total of $260K across 1 grants. The median grant size is $260K, with an average of $260K. Individual grants have ranged from $260K to $260K.
The application deadline is GENERALLY ANNUALLY AROUND APRIL 15TH. Scholarships are limited to winthrop high school students.
Paul And Norma Facella Memorial Scholarship Foundation is headquartered in MALDEN, MA.
Track this funder — get alerted when new grants match
Get a free weekly digest of new grant opportunities as they're added to Granted. Unsubscribe anytime.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marilyn A Censullo | TRUSTEE | $12K | $0 | $12K |
| Vincent Cavarretta | TRUSTEE | $12K | $0 | $12K |
Total Giving
$328K
Total Assets
$7M
Fair Market Value
$7M
Net Worth
$6.7M
Grants Paid
$258K
Contributions
N/A
Net Investment Income
$171K
Distribution Amount
$332K
Total: $6.5M
Total Grants
1
Total Giving
$260K
Average Grant
$260K
Median Grant
$260K
Unique Recipients
1
Most Common Grant
$260K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ListSCHOLARSHIPS | Winthrop, MA | $260K | 2022 |