Alfred E and Marylynn Festa Family
Alfred E and Marylynn Festa Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.1M
-9.1% YoY
Annual Giving
$1.1M
+22.3% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$188K
+42.7% YoY
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.
About Alfred E and Marylynn Festa Family
Based on IRS filings
Alfred E and Marylynn Festa Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,115,970 | $6,731,800 | $6,777,037 |
| Revenue | $388,611 | $9,818 | $1,954,937 |
| Expenses | $1,166,974 | $954,550 | $845,527 |
| Qualifying Distributions | $1,125,000 | $920,000 | $795,000 |
| Net Investment Income | $350,637 | $186,186 | $878,177 |
| Distributable Amount | $320,342 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include US Naval Academy ($625,000), The Childrens Hospital ($260,000), Lupus Foundation of America ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Lupus Foundation of America Washington, DC | Medical Research | $150,000 |
| US Naval Academy Annapolis, MD | Education | $625,000 |
| Blue Angels Pensacola, FL | Community Assistance | $15,000 |
| Cystic Fibrosis Foundation Richmond, VA | Medical Research | $25,000 |
| The Childrens Hospital Richmond, VA | Medical Research | $260,000 |
| Rick Herrema Foundation Fayetteville, NC | Community Assistance | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Fred Festa | Director | 1 | — |
| MaryLynn Festa | Director | 1 | — |
| Kaitlyn M Festa | Director | 1 | — |
| Colleen Festa Wingate | Director | 1 | — |
| Kyle A Festa | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alfred E and Marylynn Festa Family?
Alfred E and Marylynn Festa Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLOTHIAN, VA. It holds $6.1M in total assets as of 2024.
How large is Alfred E and Marylynn Festa Family?
As of 2024, Alfred E and Marylynn Festa Family holds $6.1M in total assets with $389K in annual revenue. It awarded 6 grants totaling $1.1M in 2024.
Where does Alfred E and Marylynn Festa Family operate?
Alfred E and Marylynn Festa Family has awarded grants in District of Columbia, Florida, Maryland, North Carolina, New York, Virginia.
What size grants does Alfred E and Marylynn Festa Family award?
In 2024, Alfred E and Marylynn Festa Family awarded 6 grants totaling $1.1M — an average of about $188K per grant, based on its IRS Form 990 filings.
How much is Alfred E and Marylynn Festa Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alfred E and Marylynn Festa Family reported a distributable amount of $320K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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