Alfiero and Lucia Palestroni
The Alfiero and Lucia Palestroni Foundation is a private grantmaking foundation established in 1997 and based in Englewood Cliffs, New Jersey. The foundation operates as a 501(c)(3) charitable organization with a focus on supporting philanthropic initiatives across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22.1M
-1.6% YoY
Annual Giving
$1.3M
+7.9% YoY
Grant Count
22
+29.4% YoY
Avg Grant Size
$60K
-16.6% YoY
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.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Higher education
- Health and in-patient medical care
- Hospital care
- Human services
- Philanthropy, voluntarism, and grantmaking
Grantmaking
The foundation distributes substantial annual grants. Recent grant-making includes:
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Geographic Focus
Where this funder awards grants
The foundation supports initiatives in New Jersey, New York, and Virginia, with particular activity in communities including Bedminster, Chester, East Hanover, Edison, and New York City.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $22,146,095
- Total Revenues: $1,477,098
- Total Expenses: $1,835,422
- Total Giving: $1,319,897
- Number of Employees: 1
As of 2023:
- Total Assets: $22,507,912
- Annual Expenses: $1,640,401
- Annual Revenue: $876,050
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,146,095 | $22,507,912 | $23,293,319 |
| Revenue | $1,477,098 | $876,050 | $1,110,994 |
| Expenses | $1,835,422 | $1,640,401 | $1,549,705 |
| Qualifying Distributions | $1,570,388 | $1,404,913 | $1,300,267 |
| Net Investment Income | $1,212,064 | $640,562 | $861,556 |
| Distributable Amount | $1,410,708 | $1,266,359 | $1,313,484 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hackensack Meridian Health Foundation ($515,000), Englewood Health Foundation ($250,000), The Valerie Fund ($95,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADLER APHASIA CENTER MAYWOOD, NJ | GALA SPONSORSHIP | $75,000 |
| BERGEN PERFORMING ARTS CENTER ENGLEWOOD, NJ | GENERAL FUNDING | $15,447 |
| BERGEN VOLUNTEER CENTER HACKENSACK, NJ | GENERAL FUNDING | $10,000 |
| CHILDREN'S AID & FAMILY SERVICE PARAMUS, NJ | GENERAL FUNDING | $25,000 |
| CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION MOUNTAINSIDE, NJ | GENERAL FUNDING | $50,000 |
| COMMUNITY CHEST OF ENGLEWOOD ENGLEWOOD, NJ | GALA & GENERAL FUNDING | $1,000 |
| DKMS NEW YORK, NY | GENERAL FUNDING | $62,500 |
| DON BOSCO PREPARATORY HIGH SCHOOL RAMSEY, NJ | GENERAL FUNDING | $2,100 |
| ENGLEWOOD HEALTH FOUNDATION ENGLEWOOD, NJ | GALA SPONSORSHIP | $250,000 |
| FOWA RESCUE GROUP WAYNE, NJ | GENERAL FUNDING | $500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Lucia Palestroni – President (20 hours per week, no compensation)
- Kristine Sayrafe – Executive Director (full-time, $75,000 annual compensation)
- Board of Trustees: Karen Lloyd, Frank Huttle III, and Debbie Sena (serve without compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LUCIA PALESTRONI | PRESIDENT | 20 | — |
| KAREN LLOYD | TRUSTEE | 1 | — |
| KRISTINE SAYRAFE | EXECUTIVE DIRECTOR | 40 | $80,135 |
| FRANK HUTTLE III | TRUSTEE | 1 | — |
| DEBBIE SENA | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2023, the foundation awarded a $1.5 million grant to Daemen College to support a veterans program, demonstrating significant commitment to higher education and human services initiatives.
Daemen Receives $1.5M Grant from Alfiero Foundation to Support VeteransSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Alfiero and Lucia Palestroni fund?
The foundation's primary funding interests include: • Education • Higher education • Health and in-patient medical care • Hospital care • Human services • Philanthropy, voluntarism, and grantmaking
How do I apply for a grant from Alfiero and Lucia Palestroni?
**Grant Activity & Amounts** The foundation distributes substantial annual grants. Recent grant-making includes: • Englewood Health Foundation: $250,000 (Gala Sponsorship, 2024) • The Valerie Fund: $95,000 (General Funding, 2024) • The Seeing Eye: $80,000 (General Funding, 2024) • Daemen College: $1,500,000 (Veterans support program, 2023) Total annual giving ranges from approximately $1.3 million to $1.8 million. Typical award sizes fall between $250,000 and $515,000.
Where does Alfiero and Lucia Palestroni make grants?
The foundation supports initiatives in New Jersey, New York, and Virginia, with particular activity in communities including Bedminster, Chester, East Hanover, Edison, and New York City.
What size grants does Alfiero and Lucia Palestroni award?
In 2024, Alfiero and Lucia Palestroni awarded 22 grants totaling $1.3M — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is Alfiero and Lucia Palestroni required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alfiero and Lucia Palestroni reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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