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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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