Frank V Sica and Colleen

Foundation · Grantmaker MARLBORO, NJ EIN: 31-6651857

Frank V Sica and Colleen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARLBORO, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $181K in total assets. In 2024, it awarded 6 grants totaling $735K. Net investment income was $150K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$181K

-72.1% YoY

Annual Giving

$735K

+144.2% YoY

Grant Count

6

+100.0% YoY

Avg Grant Size

$123K

+22.1% YoY

Under IRS private-foundation payout rules, Frank V Sica and Colleen reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

About Frank V Sica and Colleen

Based on IRS filings

Frank V Sica and Colleen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARLBORO, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $181K in total assets. In 2024, it awarded 6 grants totaling $735K. Net investment income was $150K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Cities

BridgeportBronxvilleChilmarkColumbusEdgartownEnglewood CliffsFairfieldJupiterMilwaulkieNew YorkTrumbullWading RiverWashington

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$388K$777K$1M$2M201920202021202220232024
Metric202420232022
Total Assets$180,626$646,763$130,225
Revenue$282,709$841,650$1,411,900
Expenses$735,050$304,300$1,373,250
Qualifying Distributions$735,000$301,000$1,370,000
Net Investment Income$150,059$254,988$118,208
Distributable Amount$20,430$7,781$13,301

Giving Over Time

Total grant dollars and number of grants per year

$0$343K$685K$1M$1M7 grants20198 grants20209 grants20219 grants20223 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

OHIO STATE UNIVERSITY$250KCENTER FOR EMPLOYMENT OP…$250Kconcern worldwide$100KCATHOLIC ACADEMY OF BRID…$90KTHE NATIONAL ITALIAN AME…$25KFAIRFIELD COLLEGE PREPAR…$20K

Grant Size Distribution

35 grants across all recorded years

11<$50K7$50–100K9$100–250K8$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ohio State University ($250,000), Center for Employment Opp-ceo ($250,000), concern worldwide ($100,000).

RecipientPurposeAmount
OHIO STATE UNIVERSITY COLUMBUS, OHCOLLEEN MCMAHON FACULTY EXCELLENCE FUND IN MUSIC$250,000
FAIRFIELD COLLEGE PREPARATORY SCHOO FAIRFIELD, CTFAIRFILED PREP FUND$20,000
CATHOLIC ACADEMY OF BRIDGEPORT BRIDGEPORT, CTST JOAN MAGNETTI SCHLORSHIP FUND$90,000
CENTER FOR EMPLOYMENT OPP-CEO NEW YORK, NYUNRESTRICTED$250,000
concern worldwide NEW YORK, NYUNRESTRICTED$100,000
THE NATIONAL ITALIAN AMERICAN FOUND WASHINGTON, DCUNRESTIRCTED$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
FRANK V SICATrustee
COLLEEN MCMAHONTrustee

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Frank V Sica and Colleen?

Frank V Sica and Colleen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARLBORO, NJ. It holds $181K in total assets as of 2024.

How large is Frank V Sica and Colleen?

As of 2024, Frank V Sica and Colleen holds $181K in total assets with $283K in annual revenue. It awarded 6 grants totaling $735K in 2024.

Where does Frank V Sica and Colleen operate?

Frank V Sica and Colleen has awarded grants in Connecticut, District of Columbia, Florida, Massachusetts, New Jersey, New York, Ohio, Wisconsin.

What size grants does Frank V Sica and Colleen award?

In 2024, Frank V Sica and Colleen awarded 6 grants totaling $735K — an average of about $123K per grant, based on its IRS Form 990 filings.

How much is Frank V Sica and Colleen required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank V Sica and Colleen reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Frank V Sica and Colleen's EIN?

Frank V Sica and Colleen's EIN (Employer Identification Number) is 31-6651857. IRS Form 990 filing data is available on this page for 2019–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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