Paragano Family Foundation Inc 5484-05-42

PHILADELPHIA, PA EIN: 22-2483286

Paragano Family Foundation Inc is a private, non-operating foundation based in Philadelphia, Pennsylvania. Incorporated in 1983, the foundation maintains its administrative office at Glenmede Trust Company, 1650 Market Street, Suite 1200, Philadelphia, PA 19103. The foundation is designated as a 501(c)(3) tax-exempt charitable organization and has been tax-exempt since December 1983.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.3M

+1.7% YoY

Annual Giving

$734K

-8.8% YoY

Grant Count

+17.1% YoY

Avg Grant Size

$18K

-22.1% YoY

Under IRS private-foundation payout rules, Paragano Family Foundation Inc 5484-05-42 reported a distributable amount of $451K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's giving priorities focus primarily on:

Roman Catholic churches and religious orders
Religious agencies, particularly those serving youth
Health initiatives
Education

The foundation emphasizes support for youth services and religious activities aligned with Catholic institutions and causes.

Grantmaking

The foundation made 32 grants totaling $734,223 in 2024.

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking focuses primarily on:

New Jersey
New York
Texas

Grant Distribution by State

New Jersey $1.5M (47%)

Pennsylvania $678K (21%)

New York $398K (12%)

Montana $300K (9%)

Minnesota $100K (3%)

Texas $51K (2%)

South Carolina $50K (2%)

Connecticut $30K (1%)

+8 more states

States

California Connecticut District of Columbia Florida Georgia Hawaii Illinois Massachusetts Maryland Minnesota Montana New Jersey New York Pennsylvania South Carolina Texas

Cities

AmericusBaltimoreBedminsterBernardsBernardsvilleBostonChathamChicagoColumbiaCranfordDallasEmmausFar HillsHillsideHoustonLawrencevilleLivingstonMadisonMaplewoodMorristown

Financial History

Multi-year comparison from IRS filings

As of December 31, 2024:

Metric	Amount
Total Assets	$8,317,476
Total Revenues	$941,683
Total Expenses	$798,676
Investment Income & Dividends	$250,950
Net Gain from Sale of Non-Inventory Assets	$690,733
Total Liabilities	$0

Staffing: The foundation operates with zero employees.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,317,476	$8,175,713	$8,793,777
Revenue	$941,683	$257,374	$364,570
Expenses	$798,676	$867,849	$580,194
Qualifying Distributions	$749,124	$819,324	$516,824
Net Investment Income	$892,220	$208,956	$316,099
Distributable Amount	$450,604	$442,655	$487,853

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

146 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include South Street Theater Company Inc ($200,000), Mayo Clinic ($100,000), Trustees of Newark Academy ($62,500).

Recipient	Purpose	Amount
Bernardsville Fire Company Bernardsville, NJ	GENERAL CHARITABLE PURPOSES	$5,000
Bernardsville Police Department Bernardsville, NJ	GENERAL CHARITABLE PURPOSES	$5,000
Christopher Reeve Foundation Short Hills, NJ	GENERAL CHARITABLE PURPOSES	$10,000
County College of Morris Foundation Randolph, NJ	PRESIDENT'S GOLF OUTING	$1,500
Coccia Foundation Saddle Brook, NJ	SCHOLARSHIP SUPPORT	$10,000
Doctors Without Borders USA New York, NY	GENERAL CHARITABLE PURPOSES	$15,000
Mayo Clinic Rochester, MN	PARAGANO FAMILY GYM	$100,000
Memorial Sloan-Kettering Cancer Center New York, NY	SUPPORT THE WORK OF DR.	$15,000
Morristown Memorial Health Foundation Morristown, NJ	PURCHASE ECO CARDIOGRAM	$58,250
The University of Maryland Baltimore Baltimore, MD	FOR THE SCHOOL OF MEDICINE	$10,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is governed by two trustees:

Eileen Paragano
Suzanne Paragano Kane

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
EILEEN PARAGANO	TRUSTEE	1	—
SUZANNE PARAGANO KANE	TRUSTEE	1	—
ANDREW HUNT	TRUSTEE	1	—

Frequently Asked Questions

What does Paragano Family Foundation Inc 5484-05-42 fund?

The foundation's giving priorities focus primarily on: • Roman Catholic churches and religious orders • Religious agencies, particularly those serving youth • Health initiatives • Education The foundation emphasizes support for youth services and religious activities aligned with Catholic institutions and causes.

How do I apply for a grant from Paragano Family Foundation Inc 5484-05-42?

**Grant Amounts:** Typical awards range from $1,000 to $200,000. **Recent Grant Activity (2024):** • Mayo Performing Arts Center (MPAC) — Starlight Room Renovation: $200,000 • Mayo Clinic — Paragano Family Gym: $100,000 • Newark Academy — Commitment To the Ad Lumen: $62,500 • Vocationist Sisters — Tuition Assistance: $90,000 The foundation made 32 grants totaling $734,223 in 2024. **Total Giving:** $734,223 (2024)

Where does Paragano Family Foundation Inc 5484-05-42 make grants?

The foundation's grantmaking focuses primarily on: • New Jersey • New York • Texas

What size grants does Paragano Family Foundation Inc 5484-05-42 award?

In 2024, Paragano Family Foundation Inc 5484-05-42 awarded 41 grants totaling $734K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is Paragano Family Foundation Inc 5484-05-42 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Paragano Family Foundation Inc 5484-05-42 reported a distributable amount of $451K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Paragano Family Foundation Inc 5484-05-42's EIN?

Paragano Family Foundation Inc 5484-05-42's EIN (Employer Identification Number) is 22-2483286. IRS Form 990 filing data is available on this page for 2020–2024.