Frank & Vera Ferola Charitable
Frank & Vera Ferola Charitable is a private foundation, based in Boca Raton, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $106K in total assets. In 2025, it awarded 9 grants totaling $92K. Net investment income was $9.
Frank & Vera Ferola Charitable at a glance
In short: Frank & Vera Ferola Charitable gave $92K across 9 grants in 2025 (avg $10K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $92,310
- +1.1% vs 2024
- Grants made (2025)
- 9
- +50.0% vs 2024
- Average grant
- $10,257
- -32.6% vs 2024
- Median grant
- $500
- Total assets
- $105,985
- +24.5% vs 2024
- Primary geography
- Florida (98% 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 Frank & Vera Ferola Charitable funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was St John Paul II Academy ($40K). Together the top 9 received $92K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Frank & Vera Ferola Charitable gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 $88K (2021) to $99K (2022). In 2025 it made 9 grants totaling $92K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St John Paul II Academy Boca Raton, FL | To Further the Organization's Qualified Purpose | $40,360 |
| Diocese of Palm Beach Lumen Christi Gala Palm Beach Gardens, FL | To Further the Organization's Qualified Purpose | $25,000 |
| St Jude Catholic Church Boca Raton, FL | To Further the Organization's Qualified Purpose | $20,300 |
| Diocese of Palm Beach Services Appeal Palm Beach Gardens, FL | To Further the Organization's Qualified Purpose | $5,000 |
| Operation Smile Virginia Beach, VA | To Further the Organization's Qualified Purpose | $500 |
| Boys Town Boys Town, NE | To Further the Organization's Qualified Purpose | $300 |
| St Joseph Indian School Chamberlain, SD | To Further the Organization's Qualified Purpose | $300 |
| Wounded Warrior Project Topeka, KS | To Further the Organization's Qualified Purpose | $300 |
| Furry Friends Humane Jupiter, FL | To Further the Organization's Qualified Purpose | $250 |
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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 | $105,985 | $116,109 | $95,224 | $92,310 | 9 | $95,224 | $9 | $4,711 |
| 2024 | $85,100 | $101,109 | $93,995 | $91,330 | 6 | $93,995 | $9 | $4,114 |
| 2023 | $77,986 | $106,111 | $102,457 | $91,250 | 7 | $102,457 | $11 | $3,931 |
| 2022 | $74,332 | $91,214 | $100,836 | $98,620 | 10 | $100,737 | $14 | $4,379 |
| 2021 | $83,954 | $91,114 | $90,861 | $88,460 | 9 | — | $14 | $4,517 |
| 2020 | $83,701 | $94,667 | $94,328 | $91,680 | 11 | — | — | $4,114 |
| 2019 | $83,362 | $96,434 | $100,242 | $97,825 | 8 | — | — | $4,199 |
Under IRS private-foundation payout rules, Frank & Vera Ferola Charitable reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank & Vera Ferola Charitable is led by Vera Ferola, President on every filing since 2019; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Vera Ferola
President
On filings since 2019
1 hr/week
No compensation reported
Ann Ferola
Director
On filings since 2019
No compensation reported
Daniel Aubin
Director
On filings since 2019
No compensation reported
Gary Gelo
Director
On filings since 2019
No compensation reported
William McCarthy Esq.
Director
On filings since 2019
No compensation reported
John Levitz
Director
On filings since 2022
No compensation reported
Peter F. Ferola
Vice President
On filings since 2019
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 Frank & Vera Ferola Charitable
How much does Frank & Vera Ferola Charitable give each year?
Frank & Vera Ferola Charitable gave $92K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $91K across 6 grants.
What is Frank & Vera Ferola Charitable's typical grant size?
Frank & Vera Ferola Charitable's median grant in 2025 was $500, and its average grant was $10,257, across 9 grants on its 2025 IRS Form 990-PF.
Where does Frank & Vera Ferola Charitable give grants?
Frank & Vera Ferola Charitable gives mostly in Florida: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boca Raton, FL (2 grants) and Palm Beach Gardens, FL (2 grants).
Does Frank & Vera Ferola Charitable give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Frank & Vera Ferola Charitable's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further the Organization's Qualified Purpose" (9 grants).
Who are Frank & Vera Ferola Charitable's largest grantees?
Frank & Vera Ferola Charitable's largest 2025 grantees include St John Paul II Academy ($40,360), Diocese of Palm Beach Lumen Christi Gala ($25,000) and St Jude Catholic Church ($20,300), according to its 2025 IRS Form 990-PF. Together they received 93% of its itemized 2025 grant dollars.
How large is Frank & Vera Ferola Charitable?
Frank & Vera Ferola Charitable reported $106K in total assets on its 2025 IRS Form 990-PF. It paid out $95K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
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 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 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 28, 2024)
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