Fred and Patricia Salerno Private Foundation
Fred and Patricia Salerno Private Foundation is a private foundation, based in Albany, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 1 grant totaling $859K. Net investment income was $565K.
Fred and Patricia Salerno Private Foundation at a glance
In short: Fred and Patricia Salerno Private Foundation gave $859K across 1 grant in 2025 (avg $859K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $858,505
- +372.2% vs 2024
- Grants made (2025)
- 1
- -90.9% vs 2024
- Average grant
- $858,505
- +5094.5% vs 2024
- Median grant
- $858,505
- Total assets
- $1,647,549
- -8.0% vs 2024
- Primary geography
- New York (100% 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 Fred and Patricia Salerno Private Foundation funds
How this funder distributes its grants
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 20 grants of 25 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Fred and Patricia Salerno Private Foundation gives
- Giving grew 261% from 2022 to 2025. Method
- In 2025 it paid out 935% of 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 2020 to 2025, annual grant giving ranged from $51K (2023) to $859K (2025). In 2025 it made 1 grant totaling $859K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached List Albany, NY | General Purpose | $858,505 |
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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 | $1,647,549 | $1,125,915 | $878,792 | $858,505 | 1 | $858,505 | $564,788 | $91,845 |
| 2024 | $1,790,808 | $822,735 | $190,564 | $181,800 | 11 | $181,800 | $498,505 | $80,495 |
| 2023 | $1,352,469 | $559,686 | $55,277 | $50,533 | 3 | $50,533 | $372,794 | $60,586 |
| 2022 | $923,477 | $410,173 | $238,006 | $238,000 | 9 | $238,000 | $14,273 | $52,972 |
| 2021 | $929,154 | $273,872 | $291,888 | $271,600 | 1 | $271,600 | $16,199 | $58,995 |
| 2020 | $1,098,186 | $1,246,969 | $642,775 | $640,400 | 1 | — | $1,027,819 | $40,225 |
Under IRS private-foundation payout rules, Fred and Patricia Salerno Private Foundation reported a distributable amount of $92K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fred and Patricia Salerno Private Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Fred Salerno
Director
On filings since 2020
1 hr/week
No compensation reported
Patricia Salerno
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Fred and Patricia Salerno Private Foundation
How much does Fred and Patricia Salerno Private Foundation give each year?
Fred and Patricia Salerno Private Foundation gave $859K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $182K across 11 grants.
How large is Fred and Patricia Salerno Private Foundation?
Fred and Patricia Salerno Private Foundation reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $859K in qualifying distributions that year, against a required minimum of $92K (roughly 5% of its investment assets).
Where does Fred and Patricia Salerno Private Foundation operate?
Fred and Patricia Salerno Private Foundation has awarded grants in Florida, Massachusetts, New York, Ohio, Virginia.
What is Fred and Patricia Salerno Private Foundation's EIN?
Fred and Patricia Salerno Private Foundation's EIN (Employer Identification Number) is 47-2277331. IRS Form 990 filing data is available on this page for 2020–2025.
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 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
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