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Salvatore Family Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2002. The principal officer is Louis P Salvatore. It holds total assets of $242K. Annual income is reported at $194K. 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 2020 to 2023. According to available records, Salvatore Family Foundation has made 14 grants totaling $314K, with a median grant of $4K. Annual giving has grown from $13K in 2021 to $78K in 2023. Grantmaking activity was highest in 2022 with $223K distributed across 10 grants. Individual grants have ranged from $2K to $100K, with an average award of $22K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in South Carolina, Pennsylvania, North Carolina, which account for 64% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
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.
Salvatore Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in SC, PA, NC.
Salvatore Family Foundation has distributed a total of $314K across 14 grants. The median grant size is $4K, with an average of $22K. Individual grants have ranged from $2K to $100K.
Salvatore Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Salvatore Family Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Louis Salvatore | DIRECTOR/V.P. | $0 | $0 | N/A |
| Robert Salvatore | DIRECTOR/V.P. | $0 | $0 | N/A |
| Dawn Fay | DIRECTOR/V.P. | $0 | $0 | N/A |
Total Giving
$81K
Total Assets
$337K
Fair Market Value
$979K
Net Worth
$337K
Grants Paid
$78K
Contributions
N/A
Net Investment Income
$13K
Distribution Amount
$45K
Total: $251K
Total Grants
14
Total Giving
$314K
Average Grant
$22K
Median Grant
$4K
Unique Recipients
8
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyGENERAL PURPOSE | Philadelphia, PA | $50K | 2023 |
| College Of Charleston FoundationGENERAL PURPOSE | Charleston, SC | $25K | 2023 |
| Glioblastoma FoundationGENERAL PURPOSE | Durham, NC | $3K | 2023 |
| College Of Charleston Athletic FundGENERAL PURPOSE | Charleston, SC | $100K | 2022 |
| Rock The Block LlcGENERAL PURPOSE | North Charleston, SC | $3K | 2022 |
| St Jean Bapitiste ChurchGENERAL PURPOSE | New York, NY | $2K | 2022 |
| The Cardinal'S AppealGENERAL PURPOSE | New York, NY | $2K | 2022 |
| Society Of The Little FlowerGENERAL PURPOSE | Darien, IL | $13K | 2021 |