Armellino Family Foundation

Private foundation · Grantmaker North Beach, NJ EIN: 13-3437932

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.

Key facts about Armellino Family Foundation

In short: Armellino Family Foundation gave $2.1M across 4 grants in 2024 (avg $532K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.

EIN
13-3437932
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$2,126,350
Grants made (2024)
4
Average grant
$531,588
Median grant
$3,250
Primary geography
Pennsylvania (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

New YorkWashingtonEdisonHightstownManahawkinStaten IslandAustinBrewsterBrooklineCleveland HeightsHackensackJacksonMemphisPhiladelphiaPortland

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M14 grants2021 7 grants2023 4 grants2024

From 2021 to 2024, annual grant giving ranged from $118K (2021) to $2.1M (2024). In 2024 it made 4 grants totaling $2.1M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

University of Pennsylvania: $2.1MUniversity of Pennsylvania$2.1MHackensack Meridian Health: $5KHackensack Meridian Health$5KNew Jersey Angels: $2KNew Jersey Angels$2KMemorial Sloan Kettering: $1KMemorial Sloan Kettering$1K

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

22<$50K1$50–100K1$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 22 grants of 25 (88%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Pennsylvania Philadelphia, PAGeneral Support$2,118,600
Hackensack Meridian Health Edison, NJGeneral Support$5,000
New Jersey Angels Jackson, NJGeneral Support$1,500
Memorial Sloan Kettering New York, NYGeneral Support$1,250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2021 2023 2024
Metric202420232021
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

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.

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