Charles a Mastronardi Foundation 061223-000
The Charles A Mastronardi Foundation is a private, non-operating foundation established in 1964 and based in Wilmington, Delaware. The foundation operates as a 501(c)(3) tax-exempt charitable organization with a primary focus on supporting nonprofit initiatives through grants and charitable giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.3M
+0.5% YoY
Annual Giving
$968K
-4.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$968K
-4.1% YoY
Under IRS private-foundation payout rules, Charles a Mastronardi Foundation 061223-000 reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds charitable, scientific, literary, and educational purposes. Its areas of interest include:
- Education: Elementary, secondary, and higher education
- Health: In-patient medical care, hospital care, and diseases and conditions
- Religion: Christianity and Catholicism
- Human Services: Family services, child welfare, and child development
- Animal Welfare
- Social Services
- Children and Youth
Grantmaking
The foundation made 88 grants in its most recent fiscal year. Notable grantees include The Guild For Exceptional Children. The foundation's annual giving totals approximately $950,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds projects within Wilmington, Delaware, though it maintains a national geographic scope for its grantmaking activities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $16,346,528
- Total Revenues: $1,273,674
- Total Expenses: $1,180,712
- Investment Income and Dividends: $446,394
- Net Gain from Sale of Non-Inventory Assets: $827,280
As of December 2023:
- Total Assets: $16,264,064
- Total Revenues: $1,387,754
- Total Expenses: $1,185,537
The foundation has zero liabilities and maintains no employees. Its revenue is primarily generated through investment income and asset sales rather than contributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,346,528 | $16,264,064 | $16,067,205 |
| Revenue | $1,273,674 | $1,387,754 | $667,188 |
| Expenses | $1,180,712 | $1,185,537 | $1,365,217 |
| Qualifying Distributions | $983,518 | $1,021,823 | $1,153,768 |
| Net Investment Income | $1,141,786 | $1,258,157 | $483,191 |
| Distributable Amount | $1,009,907 | $925,960 | $986,568 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached List of Grants Paid During ($968,183).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED LIST OF GRANTS PAID DURING WILMINGTON, DE | PURPOSE IS IDENTIFIED IN | $968,183 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership team includes:
- Val Mastronardi (Vice President)
- Dr. Noel DeFelippo (Vice President)
- Margaret Mastronardi (Vice President)
- David Turino (Vice President)
- Frazer Rice of Wilmington Trust Company (Contact)
All leadership members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VAL MASTRONARDI | VICE PRESIDENT | 1 | — |
| DR NOEL DEFELIPPO | PRESIDENT | 1 | — |
| MARGARET MASTRONARDI | VICE PRESIDENT | 1 | — |
| DAVID TURINO | VICE PRESIDENT | 1 | — |
Contact Information
Mailing Address: Charles A Mastronardi Foundation c/o Wilmington Trust Company 1100 North Market Street, Suite 612230 Wilmington, Delaware 19890-0001
Phone: 302-651-1942
EIN: 13-6167916
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Charles a Mastronardi Foundation 061223-000 fund?
The foundation primarily funds charitable, scientific, literary, and educational purposes. Its areas of interest include: • **Education**: Elementary, secondary, and higher education • **Health**: In-patient medical care, hospital care, and diseases and conditions • **Religion**: Christianity and Catholicism • **Human Services**: Family services, child welfare, and child development • **Animal Welfare** • **Social Services** • **Children and Youth**
How do I apply for a grant from Charles a Mastronardi Foundation 061223-000?
The foundation made 88 grants in its most recent fiscal year. Notable grantees include The Guild For Exceptional Children. The foundation's annual giving totals approximately $950,000.
Where does Charles a Mastronardi Foundation 061223-000 make grants?
The foundation primarily funds projects within Wilmington, Delaware, though it maintains a national geographic scope for its grantmaking activities.
What size grants does Charles a Mastronardi Foundation 061223-000 award?
In 2024, Charles a Mastronardi Foundation 061223-000 awarded 1 grants totaling $968K — an average of about $968K per grant, based on its IRS Form 990 filings.
How much is Charles a Mastronardi Foundation 061223-000 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles a Mastronardi Foundation 061223-000 reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charles a Mastronardi Foundation 061223-000's EIN?
Charles a Mastronardi Foundation 061223-000's EIN (Employer Identification Number) is 13-6167916. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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