Mary Carrozza Foundation
Mary Carrozza Foundation is a private foundation, based in Pennington, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.1M in total assets. In 2025, it awarded 3 grants totaling $184K. Net investment income was $592K.
Mary Carrozza Foundation at a glance
In short: Mary Carrozza Foundation gave $184K across 3 grants in 2025 (avg $61K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $183,855
- +14.5% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $61,285
- +14.5% vs 2024
- Median grant
- $61,285
- Total assets
- $4,063,379
- +10.4% vs 2024
- Primary geography
- Connecticut (67% 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 Mary Carrozza Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Hospital for Special Care ($61K). Together the top 3 received $184K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $50–100K range: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Mary Carrozza Foundation gives
- Giving held roughly steady from 2022 to 2025 (+6%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $153K (2019) to $184K (2025). In 2025 it made 3 grants totaling $184K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hospital for Special Care New Britiain, CT | Unrestricted General | $61,285 |
| The Salvation Army West Nyack, CT | Unrestricted General | $61,285 |
| St Jude Children's Research Hospital Memphis, TN | Unrestricted General | $61,285 |
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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 | $4,063,379 | $620,808 | $236,870 | $183,855 | 3 | $202,770 | $591,692 | $214,846 |
| 2024 | $3,681,909 | $266,134 | $195,648 | $160,515 | 3 | $179,109 | $249,078 | $202,451 |
| 2023 | $3,612,876 | $164,569 | $219,052 | $164,649 | 3 | $192,768 | $138,337 | $188,634 |
| 2022 | $3,682,115 | $273,552 | $236,997 | $173,205 | 3 | $202,888 | $248,735 | $194,330 |
| 2021 | $3,631,771 | $490,766 | $212,278 | $153,156 | 3 | $184,493 | $466,540 | $204,544 |
| 2020 | $3,355,731 | $260,025 | $205,469 | $153,426 | 3 | — | $235,058 | $180,234 |
| 2019 | $3,303,326 | $257,563 | $211,823 | $152,991 | 3 | — | $230,745 | $184,846 |
Under IRS private-foundation payout rules, Mary Carrozza Foundation reported a distributable amount of $215K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mary Carrozza Foundation's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Bank Of America N A
Trustee
Trustee → Co-Trustee, 2023
Co-Trustee → Trustee, 2024
On filings since 2019
2 hrs/week
$45K (2019) → $47K (2025)
Daniel A. Sliver
Co-Trustee
On filings since 2019
1 hr/week
$7K (2019) → $0 (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $47K, to Bank of America N a (Trustee).
Frequently asked questions about Mary Carrozza Foundation
How much does Mary Carrozza Foundation give each year?
Mary Carrozza Foundation gave $184K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $161K across 3 grants.
What is Mary Carrozza Foundation's typical grant size?
Mary Carrozza Foundation's median grant in 2025 was $61,285, and its average grant was $61,285, across 3 grants on its 2025 IRS Form 990-PF.
Where does Mary Carrozza Foundation give grants?
Mary Carrozza Foundation gives mostly in Connecticut: 67% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (33%).
Does Mary Carrozza Foundation give general operating support?
Yes: 100% of Mary Carrozza Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Mary Carrozza Foundation?
Mary Carrozza Foundation reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $203K in qualifying distributions that year, against a required minimum of $215K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Mary Carrozza Foundation's EIN?
Mary Carrozza Foundation's EIN (Employer Identification Number) is 22-7011011. IRS Form 990 filing data is available on this page for 2019–2025.
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 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
Live grants for the work Mary Carrozza Foundation funds
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