Montecalvo Family Foundation
Montecalvo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTIC HIGHLANDS, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it awarded 11 grants totaling $725K. Net investment income was $160K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.4M
+20.7% YoY
Annual Giving
$725K
-5.8% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$66K
-40.1% YoY
Under IRS private-foundation payout rules, Montecalvo Family Foundation reported a distributable amount of $206K for 2024 — the minimum it must pay out in qualifying distributions.
About Montecalvo Family Foundation
Based on IRS filings
Montecalvo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTIC HIGHLANDS, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it awarded 11 grants totaling $725K. Net investment income was $160K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,403,516 | $4,475,324 | $3,125,969 |
| Revenue | $1,660,023 | $2,120,452 | $2,000,000 |
| Expenses | $746,831 | $771,097 | $662,064 |
| Qualifying Distributions | $725,000 | $770,000 | $660,000 |
| Net Investment Income | $160,023 | $120,452 | — |
| Distributable Amount | $205,894 | $152,780 | $87,654 |
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
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Monmouth University ($210,000), Monmouth Conservation Foundation ($150,000), Riverview Medical Center Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MONMOUTH CONSERVATION FOUNDATION LINCROFT, NJ | GENERAL DONATION | $150,000 |
| RUSH UNIVERSITY MEDICAL CENTER CHICAGO, IL | GENERAL DONATION | $5,000 |
| RIVERVIEW MEDICAL CENTER FOUNDATION EDISON, NJ | GENERAL DONATION | $100,000 |
| COUNT BASIE CENTER FOR THE ARTS RED BANK, NJ | GENERAL DONATION | $50,000 |
| CLEAN OCEAN ACTION LONG BRANCH, NJ | GENERAL DONATION | $25,000 |
| MONMOUTH MEDICAL CENTER FOUNDATION LONG BRANCH, NJ | GENERAL DONATION | $50,000 |
| BEAUTY FOUNDATION FOR CANCER TINTON FALS, NJ | GENERAL DONATION | $25,000 |
| FORCA FOUNDATION INC FRANKLIN, NC | GENERAL DONATION | $50,000 |
| THE NATURE CONSERVANCY ARLINGTON, VA | GENERAL DONATION | $50,000 |
| MONMOUTH UNIVERSITY WEST LONG BRANCH, NJ | GENERAL DONATION | $210,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK E MONTELCAVO | TRUSTEE | 0.5 | — |
| VALERIE MONTECALVO | TRUSTEE | 5 | — |
| NICOLE OPPELT | TRUSTEE | 0.5 | — |
| FRANK C MONTELCAVO | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Montecalvo Family Foundation?
Montecalvo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTIC HIGHLANDS, NJ. It holds $5.4M in total assets as of 2024.
How large is Montecalvo Family Foundation?
As of 2024, Montecalvo Family Foundation holds $5.4M in total assets with $1.7M in annual revenue. It awarded 11 grants totaling $725K in 2024.
Where does Montecalvo Family Foundation operate?
Montecalvo Family Foundation has awarded grants in Illinois, Maryland, North Carolina, New Jersey, Virginia.
What size grants does Montecalvo Family Foundation award?
In 2024, Montecalvo Family Foundation awarded 11 grants totaling $725K — an average of about $66K per grant, based on its IRS Form 990 filings.
How much is Montecalvo Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Montecalvo Family Foundation reported a distributable amount of $206K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Montecalvo Family Foundation's EIN?
Montecalvo Family Foundation's EIN (Employer Identification Number) is 85-4184959. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Montecalvo Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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