Favaro Family Foundation Inc
Favaro Family Foundation Inc is a private foundation based in Bronxville, New York. In 2024, it reported 12 grants totaling $180,600 to charitable organizations, with listed grants spanning recipients in California, New Jersey, New York, Pennsylvania, and Massachusetts.
Key facts about Favaro Family Foundation Inc
In short: Favaro Family Foundation Inc gave $181K across 12 grants in 2024 (avg $15K), top state California. 25% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-8048409
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $180,600
- Grants made (2024)
- 12
- Average grant
- $15,050
- Median grant
- $10,000
- New grantees (estimate)
- 25% first-time grantees (3 of 12, 2024)
- Total assets
- $2,039,658
- Primary geography
- California (42% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-1.7% YoY
Annual Giving
$181K
+25.9% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$15K
+36.4% YoY
Under IRS private-foundation payout rules, Favaro Family Foundation Inc reported a distributable amount of $117K for 2024 — the minimum it must pay out in qualifying distributions.
Is Favaro Family Foundation Inc open to new grantees?
25%
first-time grantees, 2024
In 2024, 3 of 12 grantees (25%) were first-time recipients. First grants averaged $19K; repeat grants $14K. How we count
Medians: $10K first-time, $10K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving grew 940% from 2021 to 2024. Method
- In 2024 it paid out 160% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included general support for Give Well, Stanford University, the International Refugee Assistance Project, and other recipients; a $45,000 grant to Princeton University was described as annual giving to help fund operations and programs.
Among the grantees described in their own words, the International Refugee Assistance Project says it provides legal aid and advocacy for refugees and others seeking safety. The Possibility Project says it runs year-long creative programs in which diverse groups of young people develop original musicals and community change projects. Ibis Reproductive Health says it advances sexual and reproductive autonomy, choices, and health through research and partnerships. The Middle East Children’s Institute says it addresses educational, psychosocial health, and other humanitarian needs of children and women in the Middle East.
Grantmaking
In 2024, the foundation made 12 grants totaling $180,600. Grants ranged from $1,000 to $50,000, with a median grant of $10,000. Notable grants included:
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Geographic Focus
Where this funder awards grants
In 2024, grant dollars were distributed among recipients in California (42%), New Jersey (25%), New York (22%), Pennsylvania (8%), and Massachusetts (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $17K (2021) to $181K (2024). In 2024 it made 12 grants totaling $181K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Give Well ($50K). Together the top 10 received $178K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 40 grants of 42 (95%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Give Well San Francisco, CA | General Support | $50,000 |
| Princeton University Princeton, NJ | Annual Giving to Help Fund Operations and Programs. | $45,000 |
| Stanford University Stanford, CA | General Support | $20,000 |
| International Refugee Assistance Project New York, NY | General Support | $15,000 |
| National Philanthropic Trust Jenkintown, PA | General Support | $15,000 |
| New York-Presbyterian Lawrence Hospital Center Bronxville, NY | General Support | $10,000 |
| The Possibility Project New York, NY | General Support | $10,000 |
| Americas Foundation Chula Vista, CA | General Support | $5,000 |
| Ibis Reproductive Health Cambridge, MA | General Support | $5,000 |
| Nypirg New York, NY | General Support | $2,600 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $2,039,658 | $153,665 | $189,264 | $180,600 | 12 |
| 2023 | $2,075,257 | $154,341 | $150,817 | $143,446 | 13 |
| 2022 | $2,071,733 | $155,501 | $63,941 | $39,219 | 7 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,039,658 | $2,075,257 | $2,071,733 |
| Revenue | $153,665 | $154,341 | $155,501 |
| Expenses | $189,264 | $150,817 | $63,941 |
| Qualifying Distributions | $187,129 | $147,281 | $39,219 |
| Net Investment Income | $79,089 | $84,526 | $96,710 |
| Distributable Amount | $117,120 | $100,084 | $92,870 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists these officers and directors:
- Alexander P. Favaro — Director
- Cristina C. Favaro — Director
- Elizabeth I. Favaro — Secretary/Director
- Kenneth R. Favaro — Chairman/Director
- Nicolas J. Favaro — Director
Favaro Family Foundation Inc is led by Kenneth R. Favaro, Chairman & Director on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kenneth R. Favaro
Chairman & Director
On filings since 2020
0.1 hrs/week
No compensation reported
Alexander P. Favaro
Director
On filings since 2020
1 hr/week
No compensation reported
Cristina C. Favaro
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Elizabeth I. Favaro
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Nicolas J. Favaro
Director
On filings since 2020
0.1 hrs/week
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.
Contact
Mailing address: 11 Fordal Road, Bronxville, NY 10708
Phone: (914) 949-2990
Frequently asked questions about Favaro Family Foundation Inc
How much does Favaro Family Foundation Inc give each year?
Favaro Family Foundation Inc gave $181K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $143K across 13 grants.
What is Favaro Family Foundation Inc's typical grant size?
Favaro Family Foundation Inc's median grant in 2024 was $10,000, and its average grant was $15,050, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Favaro Family Foundation Inc that year got $19K on average.
Where does Favaro Family Foundation Inc give grants?
Favaro Family Foundation Inc's top state is California, with 42% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New Jersey (25%) and New York (22%). The most frequent recipient cities were New York, NY (3 grants).
Does Favaro Family Foundation Inc give general operating support?
Yes: 92% of Favaro Family Foundation Inc's 2024 grants with a stated purpose (11 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Favaro Family Foundation Inc's largest grantees?
Favaro Family Foundation Inc's largest 2024 grantees include Give Well ($50,000), Princeton University ($45,000) and Stanford University ($20,000), according to its 2024 IRS Form 990-PF. Together they received 64% of its itemized 2024 grant dollars.
How large is Favaro Family Foundation Inc?
Favaro Family Foundation Inc reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $187K in qualifying distributions that year, against a required minimum of $117K (roughly 5% of its investment assets).
What does Favaro Family Foundation Inc fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Favaro Family Foundation Inc?
The foundation states that it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Favaro Family Foundation Inc's EIN?
Favaro Family Foundation Inc's EIN (Employer Identification Number) is 20-8048409. IRS Form 990 filing data is available on this page for 2020–2024.
Does Favaro Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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