Florence & Paul Derosa Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TENAFLY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 9 grants totaling $404K. Net investment income was $335K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2M
-3.7% YoY
Annual Giving
$404K
+20.2% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$45K
+6.9% YoY
Under IRS private-foundation payout rules, Florence & Paul Derosa Memorial reported a distributable amount of $425K for 2024 — the minimum it must pay out in qualifying distributions.
About Florence & Paul Derosa Memorial
Based on IRS filings
Florence & Paul Derosa Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TENAFLY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 9 grants totaling $404K. Net investment income was $335K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,182,906 | $3,305,966 | $3,391,058 |
| Revenue | $338,337 | $343,113 | $202,189 |
| Expenses | $461,397 | $428,455 | $452,740 |
| Qualifying Distributions | $452,195 | $381,167 | $402,950 |
| Net Investment Income | $335,255 | $295,762 | $154,979 |
| Distributable Amount | $424,906 | $366,690 | $380,890 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Newark Academy ($73,400), Saddle River Day School ($73,400), The Chapin School ($73,400).
| Recipient | Purpose | Amount |
|---|---|---|
| FAR BROOK SCHOOL SHORT HILLS, NJ | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $25,000 |
| NEWARK ACADEMY LIVINGSTON, NJ | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $73,400 |
| NIGHTINGALE BAMFORD SCHOOL NEW YORK, NY | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $36,970 |
| SADDLE RIVER DAY SCHOOL SADDLE RIVER, NJ | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $73,400 |
| THE CHAPIN SCHOOL NEW YORK, NY | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $73,400 |
| THE JUILLIARD SCHOOL NEW YORK, NY | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $12,000 |
| THE MORRISTOWN BEARD SCHOOL MORRISTOWN, NJ | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $36,700 |
| THE SPENCE SCHOOL NEW YORK, NY | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $36,700 |
| THE WARDLAW HARTRDIGE SCHOOL EDISON, NJ | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $36,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL DEROSA | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Florence & Paul Derosa Memorial?
Florence & Paul Derosa Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TENAFLY, NJ. It holds $3.2M in total assets as of 2024.
How large is Florence & Paul Derosa Memorial?
As of 2024, Florence & Paul Derosa Memorial holds $3.2M in total assets with $338K in annual revenue. It awarded 9 grants totaling $404K in 2024.
Where does Florence & Paul Derosa Memorial operate?
Florence & Paul Derosa Memorial has awarded grants in Illinois, Maryland, New Jersey, New York.
What size grants does Florence & Paul Derosa Memorial award?
In 2024, Florence & Paul Derosa Memorial awarded 9 grants totaling $404K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is Florence & Paul Derosa Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Florence & Paul Derosa Memorial reported a distributable amount of $425K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Florence & Paul Derosa Memorial's EIN?
Florence & Paul Derosa Memorial's EIN (Employer Identification Number) is 22-3113270. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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