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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$2.1M
+792.5% YoY
Grant Count
4
-42.9% YoY
Avg Grant Size
$532K
+1461.9% YoY
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.
About Armellino Family Foundation
Based on IRS filings
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.
Ready to take the next step with Armellino Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | — | $996,449 | $1,271,985 |
| Revenue | $1,130,076 | $21,427 | $161,141 |
| Expenses | $2,126,525 | $238,427 | $129,224 |
| Qualifying Distributions | $2,126,350 | $238,250 | — |
| Net Investment Income | $40,405 | $44,190 | $161,141 |
| Distributable Amount | $86,249 | $92,716 | $91,408 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Pennsylvania ($2,118,600), Hackensack Meridian Health ($5,000), New Jersey Angels ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| MEMORIAL SLOAN KETTERING NEW YORK, NY | GENERAL SUPPORT | $1,250 |
| NEW JERSEY ANGELS JACKSON, NJ | GENERAL SUPPORT | $1,500 |
| HACKENSACK MERIDIAN HEALTH EDISON, NJ | GENERAL SUPPORT | $5,000 |
| UNIVERSITY OF PENNSYLVANIA PHILADELPHIA, PA | GENERAL SUPPORT | $2,118,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL R ARMELLINO | TRUSTEE | — | — |
| STEVEN G EINHORN | TRUSTEE | — | — |
| WILLIAM J KEALY | TRUSTEE | — | — |
Frequently Asked Questions
Where does Armellino Family Foundation operate?
Armellino Family Foundation has awarded grants in District of Columbia, Massachusetts, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas.
What size grants does Armellino Family Foundation award?
In 2024, Armellino Family Foundation awarded 4 grants totaling $2.1M — an average of about $532K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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