Frank & Vera Ferola Charitable
Frank & Vera Ferola Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $85K in total assets. In 2024, it awarded 6 grants totaling $91K. Net investment income was $9.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$85K
+9.1% YoY
Annual Giving
$91K
+0.1% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$15K
+16.8% YoY
Under IRS private-foundation payout rules, Frank & Vera Ferola Charitable reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank & Vera Ferola Charitable
Based on IRS filings
Frank & Vera Ferola Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $85K in total assets. In 2024, it awarded 6 grants totaling $91K. Net investment income was $9.
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 | $85,100 | $77,986 | $74,332 |
| Revenue | $101,109 | $106,111 | $91,214 |
| Expenses | $93,995 | $102,457 | $100,836 |
| Qualifying Distributions | $93,995 | $102,457 | $100,737 |
| Net Investment Income | $9 | $11 | $14 |
| Distributable Amount | $4,114 | $3,931 | $4,379 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St John Paul Ii Academy ($40,740), Diocese of Palm Beach Lumen Christi Gala ($25,000), St Jude Catholic Church ($20,300).
| Recipient | Purpose | Amount |
|---|---|---|
| DIOCESE OF PALM BEACH LUMEN CHRISTI GALA PALM BEACH GARDENS, FL | TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $25,000 |
| DIOCESE OF PALM BEACH SERVICES APPEAL PALM BEACH GARDENS, FL | TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $5,000 |
| PEGGY ADAMS ANIMAL RESCUE LEAGUE WEST PALM BEACH, FL | TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $50 |
| ST JOHN PAUL II ACADEMY BOCA RATON, FL | TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $40,740 |
| ST JUDE CATHOLIC CHURCH BOCA RATON, FL | TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $20,300 |
| OPERATION SMILE VIRGINIA BEACH, VA | TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $240 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VERA FEROLA | PRESIDENT | 1 | — |
| WILLIAM MCCARTHY ESQ | DIRECTOR | — | — |
| PETER F FEROLA | VICE PRESIDENT | — | — |
| GARY GELO | DIRECTOR | — | — |
| ANN FEROLA | DIRECTOR | — | — |
| DANIEL AUBIN | DIRECTOR | — | — |
| JOHN LEVITZ | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank & Vera Ferola Charitable?
Frank & Vera Ferola Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. It holds $85K in total assets as of 2024.
How large is Frank & Vera Ferola Charitable?
As of 2024, Frank & Vera Ferola Charitable holds $85K in total assets with $101K in annual revenue. It awarded 6 grants totaling $91K in 2024.
Where does Frank & Vera Ferola Charitable operate?
Frank & Vera Ferola Charitable has awarded grants in Florida, Kansas, Nebraska, New Jersey, New York, South Dakota, Virginia.
What size grants does Frank & Vera Ferola Charitable award?
In 2024, Frank & Vera Ferola Charitable awarded 6 grants totaling $91K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Frank & Vera Ferola Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank & Vera Ferola Charitable reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank & Vera Ferola Charitable's EIN?
Frank & Vera Ferola Charitable's EIN (Employer Identification Number) is 65-0455975. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.