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Also known as: C/O HUGH BLAIR
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Picozzi Family Foundation Inc. is a private corporation based in SUMMIT, NJ. The foundation received its IRS ruling in 2007. The principal officer is Hugh Blair. It holds total assets of $1.8M. Annual income is reported at $1.1M. Total assets have grown from $705K in 2011 to $1.9M in 2023. The foundation is governed by 4 officers and trustees. Provided college scholarships to qualified college & high school graduates & private high school academic scholarships to inner-city and financially needy students. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. According to available records, Picozzi Family Foundation Inc. has made 4 grants totaling $189K, with a median grant of $41K. Annual giving has decreased from $122K in 2022 to $68K in 2023. Individual grants have ranged from $40K to $68K, with an average award of $47K. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
Provided college scholarships to qualified college & high school graduates & private high school academic scholarships to inner-city and financially needy students
Expenses: $34K
Provided college scholarships to qualified college & high school graduates & private high school academic scholarships to inner-city and financially needy students. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NJ.
Picozzi Family Foundation Inc. has distributed a total of $189K across 4 grants. The median grant size is $41K, with an average of $47K. Individual grants have ranged from $40K to $68K.
Picozzi Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Picozzi Family Foundation Inc. is headquartered in SUMMIT, NJ.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hugh Blair | SECRETARY | $0 | $0 | N/A |
| Robert Picozzi | PRESIDENT | $0 | $0 | N/A |
| Michael Picozzi | VICE-PRESIDE | $0 | $0 | N/A |
| Nicholas Cannone | TREASURER | $0 | $0 | N/A |
Total Giving
$130K
Total Assets
$1.9M
Fair Market Value
$1.9M
Net Worth
$1.9M
Grants Paid
$68K
Contributions
N/A
Net Investment Income
$69K
Distribution Amount
N/A
Total: N/A
Total Grants
4
Total Giving
$189K
Average Grant
$47K
Median Grant
$41K
Unique Recipients
1
Most Common Grant
$41K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| High School College StudentsACADEMIC SCHOLAR PRIV HS & COLLEGE | Summit, NJ | $68K | 2023 |