Desperito Foundation Inc
Desperito Foundation Inc is a private foundation, based in Bedford Village, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $800K in total assets. In 2025, it awarded 4 grants totaling $50K. Net investment income was $56K.
Desperito Foundation Inc at a glance
In short: Desperito Foundation Inc gave $50K across 4 grants in 2025 (avg $13K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $50,000
- +0.0% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $12,500
- +25.0% vs 2024
- Median grant
- $10,000
- Total assets
- $800,230
- +0.7% vs 2024
- Primary geography
- New York (60% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Desperito Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was New Heights Youth Inc ($20K). Together the top 4 received $50K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Desperito Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 114% of its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $50K (2021) to $51K (2020). In 2025 it made 4 grants totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Heights Youth Inc Brooklyn, NY | To support the sports-based youth development programming to empower underserved youth | $20,000 |
| Friends of South Florida Music Inc Miami, FL | To support the early childhood music educational programming to children | $10,000 |
| Georgetown University - Mitchell Scholars Fund Washington, DC | To Support Students with Their Education | $10,000 |
| Westchester Symphonic Winds Inc White Plains, NY | To support the programing and guest artist fund for this community wind band | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $800,230 | $63,995 | $65,906 | $50,000 | 4 | $57,474 | $56,013 | $50,398 |
| 2024 | $794,805 | $45,266 | $61,585 | $50,000 | 5 | $54,150 | $38,644 | $48,517 |
| 2023 | $808,904 | $52,487 | $60,241 | $50,000 | 5 | $53,950 | $46,196 | $44,254 |
| 2022 | $816,658 | $40,502 | $62,375 | $50,000 | 5 | $53,779 | $33,899 | $46,222 |
| 2021 | $838,531 | $78,368 | $69,653 | $50,000 | 5 | $61,362 | $71,130 | $51,057 |
| 2020 | $829,816 | $11,753 | $60,548 | $51,000 | 6 | — | $11,909 | $45,099 |
Under IRS private-foundation payout rules, Desperito Foundation Inc reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Desperito Foundation Inc is led by Amy Desperito Fuentes, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Amy Desperito Fuentes
President
On filings since 2020
1 hr/week
No compensation reported
Ann Desperito
Director
On filings since 2020
1 hr/week
No compensation reported
Amanda Desperito
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Elise Desperito
Secretary
On filings since 2020
1 hr/week
No compensation reported
Thomas Desperito
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Desperito Foundation Inc
How much does Desperito Foundation Inc give each year?
Desperito Foundation Inc gave $50K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 5 grants.
What is Desperito Foundation Inc's typical grant size?
Desperito Foundation Inc's median grant in 2025 was $10,000, and its average grant was $12,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Desperito Foundation Inc give grants?
Desperito Foundation Inc gives mostly in New York: 60% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (20%) and District of Columbia (20%).
Does Desperito Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Desperito Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is Desperito Foundation Inc?
Desperito Foundation Inc reported $800K in total assets on its 2025 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 28, 2026)
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