Desperito Foundation Inc
Desperito Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEDFORD VILLAGE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $795K in total assets. In 2024, it awarded 5 grants totaling $50K. Net investment income was $39K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$795K
-1.7% YoY
Annual Giving
$50K
+0.0% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$10K
+0.0% YoY
Under IRS private-foundation payout rules, Desperito Foundation Inc reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About Desperito Foundation Inc
Based on IRS filings
Desperito Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEDFORD VILLAGE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $795K in total assets. In 2024, it awarded 5 grants totaling $50K. Net investment income was $39K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $794,805 | $808,904 | $816,658 |
| Revenue | $45,266 | $52,487 | $40,502 |
| Expenses | $61,585 | $60,241 | $62,375 |
| Qualifying Distributions | $54,150 | $53,950 | $53,779 |
| Net Investment Income | $38,644 | $46,196 | $33,899 |
| Distributable Amount | $48,517 | $44,254 | $46,222 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fdny Foundation Inc ($10,000), Friends of South Florida Music Inc ($10,000), Georgetown University - Mitchell Scholars Fund ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FDNY FOUNDATION INC BROOKLYN, NY | TO SUPPORT THE FDNY'S MISSION OF SAVING LIVES AND PROTECTING PROPERTY | $10,000 |
| FRIENDS OF SOUTH FLORIDA MUSIC INC MIAMI, FL | TO SUPPORT THE EARLY CHILDHOOD MUSIC EDUCATIONAL PROGRAMMING TO CHILDREN OF ALL ABILITIES IN UNDER RESOURCED SOUTH FLORIDA COMMUNITIES. | $10,000 |
| GEORGETOWN UNIVERSITY - MITCHELL SCHOLARS FUND WASHINGTON, DC | TO SUPPORT STUDENTS WITH THEIR EDUCATION | $10,000 |
| STOP SOLDIER SUICIDE INC DURHAM, NC | TO SUPPORT NEW SUICIDE PREVENTION RESEARCH AND CRISIS INTERVENTION FOR OUR MOST AT-RISK VETERANS AND SERVICE MEMBERS | $10,000 |
| WESTCHESTER SYMPHONIC WINDS INC WHITE PLAINS, NY | TO SUPPORT THE PROGRAMING AND GUEST ARTIST FUND FOR THIS COMMUNITY WIND BAND | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AMY DESPERITO FUENTES | PRESIDENT | 1 | — |
| THOMAS DESPERITO | VICE PRESIDENT | 1 | — |
| ELISE DESPERITO | SECRETARY | 1 | — |
| AMANDA DESPERITO | TREASURER | 1 | — |
| ANN DESPERITO | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Desperito Foundation Inc?
Desperito Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEDFORD VILLAGE, NY. It holds $795K in total assets as of 2024.
How large is Desperito Foundation Inc?
As of 2024, Desperito Foundation Inc holds $795K in total assets with $45K in annual revenue. It awarded 5 grants totaling $50K in 2024.
Where does Desperito Foundation Inc operate?
Desperito Foundation Inc has awarded grants in District of Columbia, Florida, Maryland, Maine, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Virginia.
What size grants does Desperito Foundation Inc award?
In 2024, Desperito Foundation Inc awarded 5 grants totaling $50K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Desperito Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Desperito Foundation Inc reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Desperito Foundation Inc's EIN?
Desperito Foundation Inc's EIN (Employer Identification Number) is 13-3967406. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Desperito Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.