Armellino Family Foundation
Armellino Family Foundation is a private foundation, based in North Beach, NJ. IRS filing data is available from 2021 through 2024. In 2024, it awarded 4 grants totaling $2.1M. Net investment income was $40K.
Armellino Family Foundation at a glance
In short: Armellino Family Foundation gave $2.1M across 4 grants in 2024 (avg $532K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,126,350
- +792.5% vs 2023
- Grants made (2024)
- 4
- -42.9% vs 2023
- Average grant
- $531,588
- +1461.9% vs 2023
- Median grant
- $3,250
- Primary geography
- Pennsylvania (100% 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 Armellino Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was University of Pennsylvania ($2.1M). Together the top 4 received $2.1M.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 22 grants of 25 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Armellino Family Foundation gives
- Giving grew 1701% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2021 to 2024, annual grant giving ranged from $118K (2021) to $2.1M (2024). In 2024 it made 4 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Pennsylvania Philadelphia, PA | General Support | $2,118,600 |
| Hackensack Meridian Health Edison, NJ | General Support | $5,000 |
| New Jersey Angels Jackson, NJ | General Support | $1,500 |
| Memorial Sloan Kettering New York, NY | General Support | $1,250 |
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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 | — | $1,130,076 | $2,126,525 | $2,126,350 | 4 | $2,126,350 | $40,405 | $86,249 |
| 2023 | $996,449 | $21,427 | $238,427 | $238,250 | 7 | $238,250 | $44,190 | $92,716 |
| 2021 | $1,271,985 | $161,141 | $129,224 | $118,046 | 14 | — | $161,141 | $91,408 |
Under IRS private-foundation payout rules, Armellino Family Foundation reported a distributable amount of $86K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Armellino Family Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael R. Armellino
Trustee
On filings since 2021
No compensation reported
Steven G. Einhorn
Trustee
On filings since 2021
No compensation reported
William J. Kealy
Trustee
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Armellino Family Foundation
How much does Armellino Family Foundation give each year?
Armellino Family Foundation gave $2.1M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $238K across 7 grants.
What is Armellino Family Foundation's typical grant size?
Armellino Family Foundation's median grant in 2024 was $3,250, and its average grant was $531,588, across 4 grants on its 2024 IRS Form 990-PF.
Where does Armellino Family Foundation give grants?
Armellino Family Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Armellino Family Foundation give general operating support?
Yes: 100% of Armellino Family Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How much is Armellino Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Armellino Family Foundation reported a distributable amount of $86K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Armellino Family Foundation's EIN?
Armellino Family Foundation's EIN (Employer Identification Number) is 13-3437932. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
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