Florence & Paul Derosa Memorial
Florence & Paul Derosa Memorial is a private foundation, based in Tenafly, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 8 grants totaling $407K. Net investment income was $186K.
Florence & Paul Derosa Memorial at a glance
In short: Florence & Paul Derosa Memorial gave $407K across 8 grants in 2025 (avg $51K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $407,000
- +0.7% vs 2024
- Grants made (2025)
- 8
- -11.1% vs 2024
- Average grant
- $50,875
- +13.3% vs 2024
- Median grant
- $41,100
- Total assets
- $2,908,696
- -8.6% vs 2024
- Primary geography
- New Jersey (57% 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 Florence & Paul Derosa Memorial funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was The Chapin School ($78K). Together the top 8 received $407K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 35 grants of 45 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Florence & Paul Derosa Memorial gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $330K (2021) to $407K (2025). In 2025 it made 8 grants totaling $407K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Chapin School New York, NY | To Support Education | $78,200 |
| Newark Academy Livingston, NJ | To Support Education | $77,200 |
| Saddle River Day School Saddle River, NJ | To Support Education | $77,200 |
| Nightingale Bamford School New York, NY | To Support Education | $43,600 |
| Kent Place School Summit, NJ | To Support Education | $38,600 |
| The Spence School New York, NY | To Support Education | $38,600 |
| The Wardlaw Hartrdige School Edison, NJ | To Support Education | $38,600 |
| The Juilliard School New York, NY | To Support Arts Education | $15,000 |
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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 | $2,908,696 | $189,567 | $463,777 | $407,000 | 8 | $455,671 | $186,495 | $465,809 |
| 2024 | $3,182,906 | $338,337 | $461,397 | $404,270 | 9 | $452,195 | $335,255 | $424,906 |
| 2023 | $3,305,966 | $343,113 | $428,455 | $336,300 | 8 | $381,167 | $295,762 | $366,690 |
| 2022 | $3,391,058 | $202,189 | $452,740 | $357,950 | 9 | $402,950 | $154,979 | $380,890 |
| 2021 | $3,641,609 | $197,565 | $437,810 | $329,791 | 11 | $374,791 | $134,546 | $414,158 |
| 2020 | $3,881,854 | $348,481 | $431,736 | $341,400 | 9 | — | $299,187 | $510,619 |
| 2019 | $3,965,109 | $500,997 | $419,729 | $339,600 | 8 | — | $459,830 | $480,803 |
Under IRS private-foundation payout rules, Florence & Paul Derosa Memorial reported a distributable amount of $466K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Florence & Paul Derosa Memorial is led by Paul Derosa, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Paul Derosa
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Florence & Paul Derosa Memorial
How much does Florence & Paul Derosa Memorial give each year?
Florence & Paul Derosa Memorial gave $407K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $404K across 9 grants.
What is Florence & Paul Derosa Memorial's typical grant size?
Florence & Paul Derosa Memorial's median grant in 2025 was $41,100, and its average grant was $50,875, across 8 grants on its 2025 IRS Form 990-PF.
Where does Florence & Paul Derosa Memorial give grants?
Florence & Paul Derosa Memorial gives mostly in New Jersey: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (43%). The most frequent recipient cities were New York, NY (4 grants).
Does Florence & Paul Derosa Memorial give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Florence & Paul Derosa Memorial's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Support Education" (7 grants).
Who are Florence & Paul Derosa Memorial's largest grantees?
Florence & Paul Derosa Memorial's largest 2025 grantees include The Chapin School ($78,200), Newark Academy ($77,200) and Saddle River Day School ($77,200), according to its 2025 IRS Form 990-PF. Together they received 57% of its itemized 2025 grant dollars.
How large is Florence & Paul Derosa Memorial?
Florence & Paul Derosa Memorial reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $456K in qualifying distributions that year, against a required minimum of $466K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 4, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 1, 2024)
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