Leone Family Foundation
LEONE FAMILY FOUNDATION is a private foundation based in Summit, New Jersey. It makes contributions to charitable organizations it has preselected and does not accept unsolicited requests for funds.
Key facts about Leone Family Foundation
In short: Leone Family Foundation gave $989K across 31 grants in 2024 (avg $32K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- EIN
- 85-4338436
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $989,436
- Grants made (2024)
- 31
- Average grant
- $31,917
- Median grant
- $10,000
- Total assets
- $27,242,973
- Primary geography
- New Jersey (60% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it contributes only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
How Leone Family Foundation gives
- 39% of 2024 grantees were also funded in 2023. Method
- Giving grew 253% from 2021 to 2024. Method
- In 2024 it paid out 139% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for a range of organizations. For example, Children’s Health Defense describes its mission as protecting children’s health by eliminating exposure to environmental toxins; Khan Academy describes its mission as providing “a free world-class education for anyone, anywhere”; and Crossroads Community Services says it works to fight hunger and homelessness through a food pantry, soup kitchen, and women’s shelter. These are the grantees’ descriptions of their own missions.
Grantmaking
In filing year 2024, the foundation reported 31 grants totaling $989,436. Grant amounts ranged from $100 to $405,000, with a median of $10,000.
Review Cycle
, and award restrictions are listed as N/A.
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Geographic Focus
Where this funder awards grants
In 2024, New Jersey recipients received 60% of grant dollars, followed by California (11%), Massachusetts (10%), New York (6%), and Florida (5%).
Grant Distribution by State
Share of all 31 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $280K (2021) to $1.6M (2022). In 2024 it made 31 grants totaling $989K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Delbarton School ($405K). Together the top 10 received $836K.
Grant Size Distribution
130 grants across all recorded years
The most common grant size was under $50K: 114 grants of 130 (88%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Delbarton School Morristown, NJ | General Charitable Purposes | $405,000 |
| Facing History and Ourselves Boston, MA | General Charitable Purposes | $100,000 |
| Marin Comm Foundation - Sybil Sugarman Novato, CA | General Charitable Purposes | $100,000 |
| Children's Health Defense Franklin Lakes, NJ | General Charitable Purposes | $81,244 |
| Crossroads Community Services Inc New York, NY | General Charitable Purposes | $25,000 |
| Morselife Foundation West Palm Beach, FL | General Charitable Purposes | $25,000 |
| Palm Beach Cultural Innovation Center Palm Beach, FL | General Charitable Purposes | $25,000 |
| Temple Bnai Jeshurun Short Hills, NJ | General Charitable Purposes | $25,000 |
| The Pingry School Basking Ridge, NJ | General Charitable Purposes | $25,000 |
| Wyckoff Family YMCA Wyckoff, NJ | General Charitable Purposes | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $27,242,973 | -$10,042,549 | $998,836 | $989,436 (31 grants) |
| 2023 | $38,284,358 | -$908,676 | $1,559,324 | $1,369,514 (51 grants) |
| 2022 | $40,752,358 | -$873,134 | $1,643,889 | $1,631,877 (42 grants) |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Christian Leone as director-secretary, Joseph Leone as director-president, and Nancy Leone as director-treasurer.
Leone Family Foundation is led by Joseph Leone, Director - President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joseph Leone
Director - President
On filings since 2020
No compensation reported
Christian Leone
Director - Secretary
On filings since 2020
No compensation reported
Nancy Leone
Director - Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Joseph Leone
Mailing address: 71 Minnisink Road, Short Hills, NJ 07078
Phone: (212) 872-7480
Frequently asked questions about Leone Family Foundation
How much does Leone Family Foundation give each year?
Leone Family Foundation gave $989K across 31 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 51 grants.
What is Leone Family Foundation's typical grant size?
Leone Family Foundation's median grant in 2024 was $10,000, and its average grant was $31,917, across 31 grants on its 2024 IRS Form 990-PF.
Where does Leone Family Foundation give grants?
Leone Family Foundation gives mostly in New Jersey: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (11%) and Massachusetts (10%). The most frequent recipient cities were Morristown, NJ (2 grants), New York, NY (2 grants) and Washington, DC (2 grants).
Does Leone Family Foundation give general operating support?
Yes: 100% of Leone Family Foundation's 2024 grants with a stated purpose (31 of 31) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Leone Family Foundation's largest grantees?
Leone Family Foundation's largest 2024 grantees include Delbarton School ($405,000), Facing History and Ourselves ($100,000) and Marin Comm Foundation - Sybil Sugarman ($100,000), according to its 2024 IRS Form 990-PF. Together they received 61% of its itemized 2024 grant dollars.
How large is Leone Family Foundation?
Leone Family Foundation reported $27.2M in total assets on its 2024 IRS Form 990-PF. It paid out $989K in qualifying distributions that year, against a required minimum of $714K (roughly 5% of its investment assets).
What does Leone Family Foundation fund?
No mission statement for the foundation is provided. Its grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from Leone Family Foundation?
The foundation states that it contributes only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Leone Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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