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Savino Family Foundation Inc. is a private corporation based in STATEN ISLAND, NY. The foundation received its IRS ruling in 2022. The principal officer is Michael Savino. It holds total assets of $10K. Annual income is reported at $268. Total assets have decreased from $84K in 2021 to $33K in 2023. 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 2021 to 2023. According to available records, Savino Family Foundation Inc. has made 5 grants totaling $60K, with a median grant of $15K. Annual giving has grown from $15K in 2021 to $22K in 2023. Grantmaking activity was highest in 2022 with $23K distributed across 2 grants. Individual grants have ranged from $1K to $21K, with an average award of $12K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New York and New Jersey. 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.
Savino Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NY, NJ.
Savino Family Foundation Inc. has distributed a total of $60K across 5 grants. The median grant size is $15K, with an average of $12K. Individual grants have ranged from $1K to $21K.
Savino Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Savino Family Foundation Inc. is headquartered in STATEN ISLAND, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michelle Savino | Trustee | $0 | $0 | N/A |
| Vincent Savino | Trustee | $0 | $0 | N/A |
| Michael Savino | Trustee | $0 | $0 | N/A |
Total Giving
$22K
Total Assets
$33K
Fair Market Value
$33K
Net Worth
$33K
Grants Paid
$22K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total: N/A
Total Grants
5
Total Giving
$60K
Average Grant
$12K
Median Grant
$15K
Unique Recipients
2
Most Common Grant
$21K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Staten Island AcademyAttract and retain talented teachersMaintain an ideal student/teacher ratioProvide students with excellence in education | Staten Island, NY | $21K | 2023 |
| Stevens Institute Of TechnologyAttract and retain talented teachers | Hoboken, NJ | $1K | 2023 |