Cerullo Family Foundation
Cerullo Family Foundation is a private foundation, 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.
Cerullo Family Foundation at a glance
In short: Cerullo Family Foundation gave $680K across 4 grants in 2024 (avg $170K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $680,000
- -5.3% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $170,000
- -5.3% vs 2023
- Median grant
- $165,000
- Total assets
- $11,990,817
- +2.8% vs 2023
- Primary geography
- Massachusetts (71% 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 Cerullo Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was City Year Inc ($250K). Together the top 4 received $680K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was in the $100–250K range: 12 grants of 23 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Cerullo Family Foundation gives
- Giving grew 51% from 2021 to 2024. Method
- In 2024 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $355K (2020) to $718K (2023). In 2024 it made 4 grants totaling $680K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $11,990,817 | $1,883,345 | $793,234 | $680,000 | 4 | $680,000 | $272,466 | $828,858 |
| 2023 | $11,667,517 | $1,254,397 | $790,884 | $718,000 | 4 | $718,000 | $377,089 | $678,756 |
| 2022 | $11,638,785 | $297,977 | $779,036 | $705,000 | 4 | $705,000 | $228,379 | $717,057 |
| 2021 | $12,131,085 | $3,662,768 | $552,606 | $451,000 | 6 | $451,000 | $1,585,614 | $708,591 |
| 2020 | $10,239,494 | $2,889,167 | $436,858 | $355,000 | 5 | — | $2,045,065 | $450,434 |
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.
Leadership & Key People
Officers and directors from IRS filings
Cerullo Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Geraldine F. Cerullo
Trustee - As Needed
On filings since 2020
No compensation reported
John J. Cerullo III
Trustee - As Needed
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Cerullo Family Foundation
How much does Cerullo Family Foundation give each year?
Cerullo Family Foundation gave $680K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $718K across 4 grants.
What is Cerullo Family Foundation's typical grant size?
Cerullo Family Foundation's median grant in 2024 was $165,000, and its average grant was $170,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Cerullo Family Foundation give grants?
Cerullo Family Foundation gives mostly in Massachusetts: 71% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New Hampshire (15%) and Illinois (15%).
Does Cerullo Family Foundation give general operating support?
Yes: 100% of Cerullo 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 large is Cerullo Family Foundation?
Cerullo Family Foundation reported $12.0M in total assets on its 2024 IRS Form 990-PF. It paid out $680K in qualifying distributions that year, against a required minimum of $829K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
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 2020–2024
Live grants for the work Cerullo Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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