Alfiero and Lucia Palestroni
Alfiero and Lucia Palestroni is a private foundation based in Englewood Cliffs, New Jersey. In 2024, it awarded 22 grants totaling $1,319,897, with most grant dollars going to organizations in New Jersey.
Alfiero and Lucia Palestroni at a glance
In short: Alfiero and Lucia Palestroni gave $1.3M across 22 grants in 2024 (avg $60K), mostly in New Jersey. 36% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,319,897
- +7.9% vs 2023
- Grants made (2024)
- 22
- +29.4% vs 2023
- Average grant
- $59,995
- -16.6% vs 2023
- Median grant
- $16,974
- Total assets
- $22,146,095
- -1.6% vs 2023
- New grantees (estimate)
- 36% first-time grantees (8 of 22, 2024; small sample)
- Primary geography
- New Jersey (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Alfiero and Lucia Palestroni
- How to Apply
-
Submit an application on the petitioning charity’s letterhead describing the charity and the purpose of the request.
- Contact
Application contact: Kristine Sayrafe
Mailing address: 333 Sylvan Avenue, Englewood Cliffs, NJ 07632
Phone: (201) 568-8000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Alfiero and Lucia Palestroni funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Hackensack Meridian Health Foundation ($515K). Together the top 10 received $1.2M.
Grant Size Distribution
89 grants across all recorded years
The most common grant size was under $50K: 58 grants of 89 (65%).
Geographic Focus
Where this funder awards grants
In 2024, 95% of grant dollars went to recipients in New Jersey and 5% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
States
Cities
Is Alfiero and Lucia Palestroni open to new grantees?
36%
first-time grantees, 2024
In 2024, 8 of 22 grantees (36%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $20K; repeat grants $83K. How we count
Medians: $5K first-time, $22K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 80% from 2021 to 2024. Method
- In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $734K (2021) to $1.3M (2024). In 2024 it made 22 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hackensack Meridian Health Foundation Edison, NJ | Center for Memory Loss and Brain Health | $515,000 |
| Englewood Health Foundation Englewood, NJ | Gala Sponsorship | $250,000 |
| The Valerie Fund Maplewood, NJ | General Funding | $95,000 |
| The Seeing Eye Morristown, NJ | General Funding | $80,000 |
| Adler Aphasia Center Maywood, NJ | Gala Sponsorship | $75,000 |
| DKMS New York, NY | General Funding | $62,500 |
| Children's Specialized Hospital Foundation Mountainside, NJ | General Funding | $50,000 |
| Summit Speech School New Providence, NJ | General Funding | $50,000 |
| Spectrum for Living Development River Vale, NJ | General Funding | $45,000 |
| Children's Aid & Family Service Paramus, NJ | General Funding | $25,000 |
Ready to take the next step with Alfiero and Lucia Palestroni?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $22,146,095 | $1,477,098 | $1,835,422 | $1,319,897 | 22 | $1,570,388 | $1,212,064 | $1,410,708 |
| 2023 | $22,507,912 | $876,050 | $1,640,401 | $1,223,600 | 17 | $1,404,913 | $640,562 | $1,266,359 |
| 2022 | $23,293,319 | $1,110,994 | $1,549,705 | $918,100 | 16 | $1,300,267 | $861,556 | $1,313,484 |
| 2021 | $23,725,952 | $3,219,811 | $1,573,946 | $734,000 | 16 | $1,297,997 | $2,945,190 | $1,461,394 |
| 2020 | $22,078,649 | $1,045,418 | $1,360,982 | $769,100 | 18 | — | $815,362 | $1,235,461 |
Under IRS private-foundation payout rules, Alfiero and Lucia Palestroni reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The 2024 grants show support for organizations working in health care, human services, education, and the arts. For example, The Valerie Fund says its mission is to support comprehensive health care for children with cancer and blood disorders. Summit Speech School describes its work as helping children with hearing loss become effective communicators using listening and spoken language. Bergen Performing Arts Center says it works to enhance the performing arts in northern New Jersey.
Grantmaking
In 2024, the foundation made 22 grants totaling $1,319,897. Grants ranged from $250 to $515,000, with a median of $16,974. The largest awards included $515,000 to Hackensack Meridian Health Foundation for a center for memory loss and brain health, and $250,000 to Englewood Health Foundation for gala sponsorship. Other notable grants were $95,000 to The Valerie Fund for general funding, $80,000 to The Seeing Eye for general funding, $75,000 to Adler Aphasia Center for gala sponsorship, and $62,500 to DKMS for general funding.
The foundation’s filing says it does not restrict giving to preselected organizations. Applications may be submitted on the petitioning charity’s letterhead and should describe the charity and the purpose of the request. The filing states there are no restrictions on awards.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Lucia Palestroni as president; Karen Lloyd, Frank Huttle III, and Debbie Sena as trustees; and Kristine Sayrafe as executive director.
Alfiero and Lucia Palestroni is led by Kristine Sayrafe, Executive Director on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Kristine Sayrafe
Executive Director
On filings since 2020
40 hrs/week
$50K (2020) → $80K (2024)
Lucia Palestroni
President
On filings since 2020
20 hrs/week
No compensation reported
Debbie Sena
Trustee
On filings since 2020
1 hr/week
No compensation reported
Frank Huttle III
Trustee
On filings since 2020
1 hr/week
No compensation reported
Karen Lloyd
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $80K, to Kristine Sayrafe (Executive Director).
Frequently asked questions about Alfiero and Lucia Palestroni
How much does Alfiero and Lucia Palestroni give each year?
Alfiero and Lucia Palestroni gave $1.3M across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 17 grants.
What is Alfiero and Lucia Palestroni's typical grant size?
Alfiero and Lucia Palestroni's median grant in 2024 was $16,974, and its average grant was $59,995, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Alfiero and Lucia Palestroni that year got $20K on average.
Where does Alfiero and Lucia Palestroni give grants?
Alfiero and Lucia Palestroni gives mostly in New Jersey: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Englewood, NJ (4 grants) and Edison, NJ (2 grants).
Does Alfiero and Lucia Palestroni give general operating support?
Yes: 82% of Alfiero and Lucia Palestroni's 2024 grants with a stated purpose (18 of 22) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Alfiero and Lucia Palestroni's largest grantees?
Alfiero and Lucia Palestroni's largest 2024 grantees include Hackensack Meridian Health Foundation ($515,000), Englewood Health Foundation ($250,000) and The Valerie Fund ($95,000), according to its 2024 IRS Form 990-PF. Together they received 65% of its itemized 2024 grant dollars.
How large is Alfiero and Lucia Palestroni?
Alfiero and Lucia Palestroni reported $22.1M in total assets on its 2024 IRS Form 990-PF. It paid out $1.6M in qualifying distributions that year, against a required minimum of $1.4M (roughly 5% of its investment assets).
What does Alfiero and Lucia Palestroni fund?
No mission statement is provided. The 2024 grants show support for organizations working in health care, human services, education, and the arts. For example, The Valerie Fund says its mission is to support comprehensive health care for children with cancer and blood disorders. See mission & focus areas ↑
How do I apply for a grant from Alfiero and Lucia Palestroni?
Submit an application on the petitioning charity’s letterhead describing the charity and the purpose of the request. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Alfiero and Lucia Palestroni's EIN?
Alfiero and Lucia Palestroni's EIN (Employer Identification Number) is 22-3452466. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Alfiero and Lucia Palestroni funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/alfiero-and-lucia-palestroni-morg_9a562b87a6f442be9c918d8a253476ea
BibTeX
@misc{grantable_223452466_2026,
author = {{Grantable}},
title = {{Alfiero and Lucia Palestroni funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/alfiero-and-lucia-palestroni-morg_9a562b87a6f442be9c918d8a253476ea},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Alfiero and Lucia Palestroni's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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