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Also known as: FOUNDATION INC
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Richard & Terez Abatecola Foundation Inc. is a private corporation based in HUDSON, NY. The foundation received its IRS ruling in 2008. The principal officer is Merrill Lynch. It holds total assets of $2.6M. Annual income is reported at $1.1M. Total assets have grown from $1.1M in 2011 to $2.5M in 2023. The foundation is governed by 4 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 2016 to 2023. Grantmaking is concentrated in New York. According to available records, Richard & Terez Abatecola Foundation Inc. has made 72 grants totaling $606K, with a median grant of $5K. The foundation has distributed between $114K and $350K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $350K distributed across 40 grants. Individual grants have ranged from $1K to $40K, with an average award of $9K. The foundation has supported 31 unique organizations. The foundation primarily supports organizations in New York, Virginia, Massachusetts, which account for 93% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$10K
Largest Grant
$30K
Based on 11 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.
Richard & Terez Abatecola Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 72 grants. Its grantmaking reaches organizations primarily in NY, VA, MA.
Richard & Terez Abatecola Foundation Inc. has distributed a total of $606K across 72 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $1K to $40K.
Richard & Terez Abatecola Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Richard & Terez Abatecola Foundation Inc. is headquartered in HUDSON, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Matthew Bacchioni | DIRECTOR | $23K | $0 | $23K |
| Christie M Bacchioni | PRESIDENT | $0 | $0 | N/A |
| Richard D Abatecola | VICE PRESIDENT | $0 | $0 | N/A |
| Terez M Abatecola | TREASURER | $0 | $0 | N/A |
Total Giving
$209K
Total Assets
$2.5M
Fair Market Value
$2.8M
Net Worth
$2.5M
Grants Paid
$114K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$132K
Total: $2.4M
Total Grants
72
Total Giving
$606K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
31
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyUNRESTRICTED | Latham, NY | $10K | 2022 |
| Memorial Sloan Kettering Cancer CenterUNRESTRICTED | New York, NY | $25K | 2023 |
| Leukemia & Lymphoma SocietyUNRESTRICTED | Albany, NY | $20K | 2023 |
| Yorktown Stage KidsUNRESTRICTED | Yorktown Heights, NY | $10K | 2023 |
| Columbia Memorial HospitalUNRESTRICTED | Hudson, NY | $10K | 2023 |
| Northwell Health FoundationUNRESTRICTED | Westbury, NY | $10K | 2023 |
| Albany Medical CenterUNRESTRICTED | Albany, NY | $10K | 2023 |
| Hope Community Services Full Kids ProgramUNRESTRICTED | New Rochelle, NY | $7K | 2023 |
| Holy Trinity Church Fbo Saint Mary'SUNRESTRICTED | Hudson, NY | $5K | 2023 |
| St Patricks SchoolUNRESTRICTED | Catskill, NY | $5K | 2023 |
| Regional Food Bank Of NeUNRESTRICTED | Latham, NY | $5K | 2023 |
| Hudson Csd Endowment FundUNRESTRICTED | Hudson, NY | $5K | 2023 |
| Operation Unite NyUNRESTRICTED | Hudson, NY | $2K | 2023 |
| Community Hospice FoundationUNRESTRICTED | Albany, NY | $1K | 2023 |
| Bergen Catholic High SchoolUNRESTRICTED | Oradell, NJ | N/A | 2023 |
| Hudson Development CorpUNRESTRICTED | Hudson, NY | $10K | 2022 |
| St Jude Children'S Research HospitalUNRESTRICTED | Albany, NY | $5K | 2022 |
| Jill'S BlanketsUNRESTRICTED | Henrico, VA | $5K | 2022 |
| Columbia County Recovery KitchenUNRESTRICTED | Spencertown, NY | $5K | 2022 |
| Columbia Greene SocietyUNRESTRICTED | Hudson, NY | $5K | 2022 |
| Lewis Oliver FarmUNRESTRICTED | Northport, NY | $5K | 2022 |
| Hudson Opera HouseUNRESTRICTED | Hudson, NY | $3K | 2022 |
| St Patricks ChurchUNRESTRICTED | Catskill, NY | $3K | 2022 |
| Peace Development FundUNRESTRICTED | Amherst, MA | $2K | 2022 |