Cerullo Family Foundation
Cerullo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARATOGA SPRINGS, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.0M in total assets. In 2024, it awarded 4 grants totaling $680K. Net investment income was $272K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.0M
+2.8% YoY
Annual Giving
$680K
-5.3% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$170K
-5.3% YoY
Under IRS private-foundation payout rules, Cerullo Family Foundation reported a distributable amount of $829K for 2024 — the minimum it must pay out in qualifying distributions.
About Cerullo Family Foundation
Based on IRS filings
Cerullo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARATOGA SPRINGS, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.0M in total assets. In 2024, it awarded 4 grants totaling $680K. Net investment income was $272K.
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 | $11,990,817 | $11,667,517 | $11,638,785 |
| Revenue | $1,883,345 | $1,254,397 | $297,977 |
| Expenses | $793,234 | $790,884 | $779,036 |
| Qualifying Distributions | $680,000 | $718,000 | $705,000 |
| Net Investment Income | $272,466 | $377,089 | $228,379 |
| Distributable Amount | $828,858 | $678,756 | $717,057 |
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
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include City Year Inc ($250,000), Boston College ($230,000), Cross Roads House Inc ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| City Year Inc Boston, MA | GENERAL CHARITABLE PURPOSES | $250,000 |
| Boston College Chestnut Hill, MA | GENERAL CHARITABLE PURPOSES | $230,000 |
| Cross Roads House Inc Portsmouth, NH | General Charitable Purposes | $100,000 |
| Gather OSWEGO, IL | GENERAL CHARITABLE PURPOSES | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN J CERULLO III | TRUSTEE - AS NEEDED | — | — |
| GERALDINE F CERULLO | TRUSTEE - AS NEEDED | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cerullo Family Foundation?
Cerullo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SARATOGA SPRINGS, NY. It holds $12.0M in total assets as of 2024.
How large is Cerullo Family Foundation?
As of 2024, Cerullo Family Foundation holds $12.0M in total assets with $1.9M in annual revenue. It awarded 4 grants totaling $680K in 2024.
Where does Cerullo Family Foundation operate?
Cerullo Family Foundation has awarded grants in Illinois, Massachusetts, New Hampshire.
What size grants does Cerullo Family Foundation award?
In 2024, Cerullo Family Foundation awarded 4 grants totaling $680K — an average of about $170K per grant, based on its IRS Form 990 filings.
How much is Cerullo Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cerullo Family Foundation reported a distributable amount of $829K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cerullo Family Foundation's EIN?
Cerullo Family Foundation's EIN (Employer Identification Number) is 26-1615106. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cerullo Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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