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Sansone Foundation Inc. is a private corporation based in AVENEL, NJ. The foundation received its IRS ruling in 2015. The principal officer is % Paul J Sansone Sr. It holds total assets of $29.7M. Annual income is reported at $3.3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Sansone Foundation Inc. has made 18 grants totaling $1.6M, with a median grant of $23K. Annual giving has grown from $450K in 2021 to $722K in 2023. Individual grants have ranged from $1K to $532K, with an average award of $87K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in New York and New Jersey and Tennessee. Contributions to this foundation are tax-deductible.
Sansone Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in NY, NJ, TN.
Sansone Foundation Inc. has distributed a total of $1.6M across 18 grants. The median grant size is $23K, with an average of $87K. Individual grants have ranged from $1K to $532K.
Sansone Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Sansone Foundation Inc. is headquartered in AVENEL, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul J Sansone Sr | TRUSTEE | $0 | $0 | $0 |
| David Salsido | TRUSTEE | $0 | $0 | $0 |
| Jeffrey Sansone | TRUSTEE | $0 | $0 | $0 |
Total Giving
$345K
Total Assets
$28.5M
Fair Market Value
$28.5M
Net Worth
$28.5M
Grants Paid
$320K
Contributions
$198K
Net Investment Income
$359K
Distribution Amount
$371K
Total: $7.5M
Total Grants
18
Total Giving
$1.6M
Average Grant
$87K
Median Grant
$23K
Unique Recipients
9
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tunnel 2 Towers FoundationGENERAL SUPPORT | Staten Island, NY | $532K | 2023 |
| St Jude Children'S Research HospitalGENERAL SUPPORT | Memphis, TN | $100K | 2023 |
| Woodbridge Food BankGENERAL SUPPORT | Woodbridge, NJ | $50K | 2023 |
| The Women Aware Of Middlesex CountyGENERAL SUPPORT | New Brunswick, NJ | $20K | 2023 |
| Lunch Break Of Red BankGENERAL SUPPORT | Red Bank, NJ | $19K | 2023 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| Avenel Fire Department Company 1GENERAL SUPPORT | Avenel, NJ | $1K | 2023 |
| Riverview Medical CenterCONTRIBUTION TO TAX EXEMPT ORGANIZATION FOR MISSION OF FOUNDATION | Red Bank, NJ | $25K | 2021 |
| Boys And Girls Club Of Red BankCONTRIBUTION TO TAX EXEMPT ORGANIZATION FOR MISSION OF FOUNDATION | Red Bank, NJ | $20K | 2021 |
| Kiddie Keep WellCONTRIBUTION TO TAX EXEMPT ORGANIZATION FOR MISSION OF FOUNDATION | Edison, NJ | $10K | 2021 |
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