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Vincent Genovese Memorial Foundation is a private corporation based in FORT WORTH, TX. The foundation received its IRS ruling in 2009. It holds total assets of $4M. Annual income is reported at $5.9M. Total assets have decreased from $5.1M in 2011 to $4.1M in 2023. The foundation is governed by 4 officers and trustees. STATEMENT: The Vincent Genovese Memorial Foundation builds upon the vision and values of Clo and Vince Genovese: compassion, encouragement, hope, and assistance. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Texas. According to available records, Vincent Genovese Memorial Foundation has made 71 grants totaling $621K, with a median grant of $5K. Annual giving has grown from $164K in 2020 to $457K in 2022. Individual grants have ranged from $500 to $60K, with an average award of $9K. The foundation has supported 29 unique organizations. The foundation primarily supports organizations in Texas, Connecticut, Michigan, which account for 90% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$4K
Average Grant
$7K
Largest Grant
$55K
Based on 23 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.
STATEMENT: The Vincent Genovese Memorial Foundation builds upon the vision and values of Clo and Vince Genovese: compassion, encouragement, hope, and assistance. Based on available records, the foundation has funded 71 grants. Its grantmaking reaches organizations primarily in TX, CT, MI.
Vincent Genovese Memorial Foundation has distributed a total of $621K across 71 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $500 to $60K.
Vincent Genovese Memorial Foundation typically selects its grantees rather than accepting unsolicited proposals.
Vincent Genovese Memorial Foundation is headquartered in FORT WORTH, TX. While based in TX, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karol Genovese Del Real | President | $0 | $0 | N/A |
| Audrey Del Real | Director | $0 | $0 | N/A |
| Lucille Cline-Conway | Director | $0 | $0 | N/A |
| Carlene Dailey | Secretary | $0 | $0 | N/A |
Total Giving
$327K
Total Assets
$4.1M
Fair Market Value
$4.9M
Net Worth
$4.1M
Grants Paid
$220K
Contributions
N/A
Net Investment Income
$89K
Distribution Amount
$225K
Total: $2.7M
Total Grants
71
Total Giving
$621K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
29
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Connecticut Cancer FoundationTowards research at Memorial Sloan-Kettering Hospital ($25,000) and towards the capital campaign ($25,000) and patient support ($10,000) | Old Saybrook, CT | $60K | 2022 |
| Fort Worth Fire Service Resource NeSupport for First Responders | Ennis, TX | $25K | 2022 |
| Meals On Wheels Of Tarrant CountyGeneral operating support | Fort Worth, TX | $25K | 2022 |
| Unbound North TexasTowards TC5-Task Force and Anti-Sex Trafficking | Fort Worth, TX | $20K | 2022 |
| Tarrant Area Food BankGeneral operating support | Fort Worth, TX | $15K | 2022 |
| Camp Fire Usa First TexasTowards El Tesoro de la Vida camperships ($5,000) and general support ($10,000) | Fort Worth, TX | $15K | 2022 |
| Recovery Resource CouncilGeneral operating support | Fort Worth, TX | $8K | 2022 |
| Endowment Fund Of Rotary Clubft WorTowards the TCC Scholarship fund | Fort Worth, TX | $6K | 2022 |
| Mission IndiaTowards adult literacy classes | Grand Rapids, MI | $6K | 2022 |
| Cassata High SchoolTowards the scholarship fund | Fort Worth, TX | $5K | 2022 |
| The Warm PlaceGeneral operating support | Fort Worth, TX | $5K | 2022 |
| Crazy 8 MinistriesGeneral operating support and Land Fund | Fort Worth, TX | $5K | 2022 |
| Just Say YesTowards the mentoring program | Dallas, TX | $5K | 2022 |
| Presbyterian Night ShelterTowards Patriot House and SafeHaven | Fort Worth, TX | $5K | 2022 |
| Jordan Elizabeth Harris FoundationBring the Conversation to Light event support | Fort Worth, TX | $5K | 2022 |
| Union Gospel Mission Tarrant CoGeneral operating support | Fort Worth, TX | $5K | 2022 |
| Cristo Rey Fort Worth College PrepTowards scholarships | Fort Worth, TX | $3K | 2022 |
| St Scholastica PrioryGeneral operating support | Petersham, MA | $3K | 2022 |
| Rivertree AcademyGeneral operating support | Fort Worth, TX | $3K | 2022 |
| Texas Christian UniversityTowards the Athletic Scholarship Endowment Fund | Fort Worth, TX | $3K | 2022 |
| Bethesda Ministriesone Child MatterTowards child sponsorships | Colorado Springs, CO | $1K | 2022 |
| Valerie CarsonFirst Responders Award | Fort Worth, TX | $500 | 2022 |
| Jeffrey InezFirst Responders Award | Fort Worth, TX | $500 | 2022 |
| Luis CanyonesFirst Responders Award | Fort Worth, TX | $500 | 2022 |