Leone Family Foundation is a private independent foundation based in Summit, New Jersey. Established in 2021, it operates as a 501(c)(3) charitable organization with a focus on grantmaking to preselected charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27.2M
-28.8% YoY
Annual Giving
$989K
-27.8% YoY
Grant Count
31
-39.2% YoY
Avg Grant Size
$32K
+18.9% YoY
Grantmaking
Leone Family Foundation makes grants across education, philanthropy and grantmaking, and human services, with primary geographic focus in New Jersey, New York, and Florida.
Grant Range
$100 to $405,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on New Jersey, New York, and Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $27,242,973
- Total expenses: $998,836
- Total revenues: -$10,042,549 (reflecting net losses from asset sales)
- Number of employees: 0
Historical Assets (December 2023):
- Total assets: $38.3 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,242,973 | $38,284,358 | $40,752,358 |
| Revenue | $-10,042,549 | $-908,676 | $-873,134 |
| Expenses | $998,836 | $1,559,324 | $1,643,889 |
| Qualifying Distributions | $989,436 | $1,369,514 | $1,631,877 |
| Net Investment Income | $51,637 | $118 | — |
| Distributable Amount | $713,754 | $977,160 | $1,368,678 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
129 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by three directors with no paid staff:
- Joseph Leone (Director - President)
- Nancy Leone (Director - Treasurer)
- Christian Leone (Director - Secretary)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTIAN LEONE | DIRECTOR - SECRETARY | — | — |
| JOSEPH LEONE | DIRECTOR - PRESIDENT | — | — |
| NANCY LEONE | DIRECTOR - TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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