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
Under IRS private-foundation payout rules, Leone Family Foundation reported a distributable amount of $714K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Delbarton School ($405,000), Facing History and Ourselves ($100,000), Marin Comm Foundation - Sybil Sugarman ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS WASHINGTON, DC | GENERAL CHARITABLE PURPOSES | $10,000 |
| CARIBBEAN CHRISTIAN CENTER FOR THE DEAF ZEELAND, MI | GENERAL CHARITABLE PURPOSES | $10,000 |
| CHILDREN'S HEALTH DEFENSE FRANKLIN LAKES, NJ | GENERAL CHARITABLE PURPOSES | $81,244 |
| CROSSROADS COMMUNITY SERVICES INC NEW YORK, NY | GENERAL CHARITABLE PURPOSES | $25,000 |
| CT CHILDRENS MEDICAL CENTER FOUNDATION HARTFORD, CT | GENERAL CHARITABLE PURPOSES | $10,400 |
| DELBARTON SCHOOL MORRISTOWN, NJ | GENERAL CHARITABLE PURPOSES | $405,000 |
| ELLIS MEDICINE CLIFTON PARK, NY | GENERAL CHARITABLE PURPOSES | $10,000 |
| EMUNAH OF AMERICA NEW YORK, NY | GENERAL CHARITABLE PURPOSES | $10,000 |
| FACING HISTORY AND OURSELVES BOSTON, MA | GENERAL CHARITABLE PURPOSES | $100,000 |
| FARMING FOOD FOR GROWTH HUDSON, NY | GENERAL CHARITABLE PURPOSES | $10,298 |
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
Frequently Asked Questions
How do I apply for a grant from Leone Family Foundation?
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 Activity:** • Total giving in 2024: $989,436 • Median grant amount: $10,000 • Grant range: $100 to $405,000 • Recent notable grants include $405,000 to Order of St Benedict of NJ Delbarton School, $100,000 to Facing History and Ourselves, and $81,244 to Children's Health Defense (all 2024) • Since 2021, the foundatio…
Where does Leone Family Foundation make grants?
The foundation's grantmaking focuses primarily on New Jersey, New York, and Florida.
What size grants does Leone Family Foundation award?
In 2024, Leone Family Foundation awarded 31 grants totaling $989K — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is Leone Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Leone Family Foundation reported a distributable amount of $714K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Leone Family Foundation's EIN?
Leone Family Foundation's EIN (Employer Identification Number) is 85-4338436. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Leone Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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