Novello Family Charitable Foundation
Novello Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORONA, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $108K in total assets. In 2024, it awarded 37 grants totaling $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$108K
+38.7% YoY
Annual Giving
$14K
+41.7% YoY
Grant Count
37
+76.2% YoY
Avg Grant Size
$391.054
-19.6% YoY
Under IRS private-foundation payout rules, Novello Family Charitable Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Novello Family Charitable Foundation
Based on IRS filings
Novello Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORONA, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $108K in total assets. In 2024, it awarded 37 grants totaling $14K.
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 | $108,048 | $77,901 | $95,827 |
| Revenue | $50,000 | $50 | $100,000 |
| Expenses | $19,853 | $13,956 | $4,173 |
| Qualifying Distributions | $18,469 | $10,208 | $4,173 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,463 | — | — |
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
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Luba Knizhnikova ($7,000), Nasr Orthodox Foundation ($3,000), Jon Pierce Memorial Fund ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| Nasr Orthodox Foundation Edmond, OK | Religious | $3,000 |
| Jon Pierce Memorial Fund Redwood City, CA | Charity | $500 |
| Luba Knizhnikova Corona, CA | Charity | $7,000 |
| Intl Orthodox Christian Charities Baltimore, MD | Religious | $250 |
| Jane Doe homeless families Corona, CA | Charity | $200 |
| Jane Doe low income family Corona, CA | Charity | $100 |
| St Lukes Antochian Orthodox Church Garden Grove, CA | Religious | $20 |
| Doe families- not homeless Home Gardens, CA | Charity | $113 |
| Focus Orange County Food Bank Garden Grove, CA | Charity | $222 |
| Unknown homeless low income Home Gardens, CA | Charity | $120 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ronald Novello | CEO | 20 | — |
| Elena Novello | VP | 5 | — |
| Victoria Novello | Board Member | 1 | — |
| Rocco Novello | Board Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Novello Family Charitable Foundation?
Novello Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORONA, CA. It holds $108K in total assets as of 2024.
How large is Novello Family Charitable Foundation?
As of 2024, Novello Family Charitable Foundation holds $108K in total assets with $50K in annual revenue. It awarded 37 grants totaling $14K in 2024.
Where does Novello Family Charitable Foundation operate?
Novello Family Charitable Foundation has awarded grants in California, Massachusetts, Maryland, Maine, New York, Oklahoma.
What size grants does Novello Family Charitable Foundation award?
In 2024, Novello Family Charitable Foundation awarded 37 grants totaling $14K — an average of about $391.054 per grant, based on its IRS Form 990 filings.
How much is Novello Family Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Novello Family Charitable Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Novello Family Charitable Foundation's EIN?
Novello Family Charitable Foundation's EIN (Employer Identification Number) is 88-4420132. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Novello Family Charitable 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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