Florence & Paul Derosa Memorial
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.
Key facts about Florence & Paul Derosa Memorial
- EIN
- 22-3113270
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $404,270
- Grants made (2024)
- 9
- Average grant
- $44,919
- Median grant
- $36,700
- Total assets
- $3,182,906
- Primary geography
- New Jersey (61% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Florence & Paul Derosa Memorial funds
By grant dollars, the top recipient states for Florence & Paul Derosa Memorial's 9 itemized 2024 grants were New Jersey (61%) and New York (39%). The most frequent recipient cities were New York, NY (4 grants). 100% of grants with a stated purpose were for general or operating support.
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
Share of all 9 itemized 2024 grant dollars.
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 recipients include Newark Academy ($73,400), Saddle River Day School ($73,400), The Chapin School ($73,400).
| Recipient | Purpose | Amount |
|---|---|---|
| NEWARK ACADEMY LIVINGSTON, NJ | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $73,400 |
| 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 |
| NIGHTINGALE BAMFORD SCHOOL NEW YORK, NY | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $36,970 |
| 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 |
| FAR BROOK SCHOOL SHORT HILLS, NJ | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $25,000 |
| THE JUILLIARD SCHOOL NEW YORK, NY | AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $12,000 |
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.