Alfred E and Marylynn Festa Family
Alfred E and Marylynn Festa Family is a private foundation, based in Midlothian, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 6 grants totaling $1.1M. Net investment income was $351K.
Alfred E and Marylynn Festa Family at a glance
In short: Alfred E and Marylynn Festa Family gave $1.1M across 6 grants in 2024 (avg $188K), mostly in Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,125,000
- +22.3% vs 2023
- Grants made (2024)
- 6
- -14.3% vs 2023
- Average grant
- $187,500
- +42.7% vs 2023
- Median grant
- $100,000
- Total assets
- $6,115,970
- -9.1% vs 2023
- Primary geography
- Maryland (56% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Alfred E and Marylynn Festa Family funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was US Naval Academy ($625K). Together the top 6 received $1.1M.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 19 grants of 37 (51%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Alfred E and Marylynn Festa Family gives
- Giving grew 134% from 2021 to 2024. Method
- In 2024 it paid out 351% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $480K (2021) to $1.1M (2024). In 2024 it made 6 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| US Naval Academy Annapolis, MD | Education | $625,000 |
| The Childrens Hospital Richmond, VA | Medical Research | $260,000 |
| Lupus Foundation of America Washington, DC | Medical Research | $150,000 |
| Rick Herrema Foundation Fayetteville, NC | Community Assistance | $50,000 |
| Cystic Fibrosis Foundation Richmond, VA | Medical Research | $25,000 |
| Blue Angels Pensacola, FL | Community Assistance | $15,000 |
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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 | $6,115,970 | $388,611 | $1,166,974 | $1,125,000 | 6 | $1,125,000 | $350,637 | $320,342 |
| 2023 | $6,731,800 | $9,818 | $954,550 | $920,000 | 7 | $920,000 | $186,186 | — |
| 2022 | $6,777,037 | $1,954,937 | $845,527 | $795,000 | 8 | $795,000 | $878,177 | — |
| 2021 | $7,674,145 | $2,630,893 | $527,173 | $480,000 | 9 | $480,000 | $1,101,103 | $337,945 |
| 2020 | $6,088,811 | $338,406 | $816,006 | $705,000 | 7 | — | $304,877 | $290,198 |
Under IRS private-foundation payout rules, Alfred E and Marylynn Festa Family reported a distributable amount of $320K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alfred E and Marylynn Festa Family's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Colleen Festa Wingate
Director
On filings since 2020
1 hr/week
No compensation reported
Fred Festa
Director
On filings since 2020
1 hr/week
No compensation reported
Kaitlyn M Festa
Director
On filings since 2020
1 hr/week
No compensation reported
Kyle A Festa
Director
On filings since 2020
1 hr/week
No compensation reported
MaryLynn Festa
Director
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.
Frequently asked questions about Alfred E and Marylynn Festa Family
How much does Alfred E and Marylynn Festa Family give each year?
Alfred E and Marylynn Festa Family gave $1.1M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $920K across 7 grants.
What is Alfred E and Marylynn Festa Family's typical grant size?
Alfred E and Marylynn Festa Family's median grant in 2024 was $100,000, and its average grant was $187,500, across 6 grants on its 2024 IRS Form 990-PF.
Where does Alfred E and Marylynn Festa Family give grants?
Alfred E and Marylynn Festa Family gives mostly in Maryland: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Virginia (25%) and District of Columbia (13%). The most frequent recipient cities were Richmond, VA (2 grants).
Does Alfred E and Marylynn Festa Family give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Alfred E and Marylynn Festa Family's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Medical Research" (3 grants).
Who are Alfred E and Marylynn Festa Family's largest grantees?
Alfred E and Marylynn Festa Family's largest 2024 grantees include US Naval Academy ($625,000), The Childrens Hospital ($260,000) and Lupus Foundation of America ($150,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.
How large is Alfred E and Marylynn Festa Family?
Alfred E and Marylynn Festa Family reported $6.1M in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $320K (roughly 5% of its investment assets).
What is Alfred E and Marylynn Festa Family's EIN?
Alfred E and Marylynn Festa Family's EIN (Employer Identification Number) is 81-3794716. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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