Pat Covelli Foundation Inc
Pat Covelli Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONG ISLAND CITY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $122K in total assets. In 2024, it awarded 32 grants totaling $111K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$122K
+7.9% YoY
Annual Giving
$111K
+5.2% YoY
Grant Count
32
-15.8% YoY
Avg Grant Size
$3K
+25.0% YoY
Under IRS private-foundation payout rules, Pat Covelli Foundation Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Pat Covelli Foundation Inc
Based on IRS filings
Pat Covelli Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONG ISLAND CITY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $122K in total assets. In 2024, it awarded 32 grants totaling $111K. Net investment income was $2K.
Focus Areas
Ready to take the next step with Pat Covelli Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $122,407 | $113,452 | $118,706 |
| Revenue | $194,991 | $183,716 | $115,585 |
| Expenses | $186,036 | $188,970 | $95,811 |
| Qualifying Distributions | $111,041 | $105,511 | $58,917 |
| Net Investment Income | $1,945 | $1,436 | $4 |
| Distributable Amount | $5,943 | $5,727 | $5,291 |
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
130 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Limb Kind Foundation ($18,000), Toys of Hope Inc ($15,000), American Kidney Foundation ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ALEC'S RUN DEER PARK, NY | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $2,000 |
| ALZHEIMER DRUG DISCOVERY NEW YORK, NY | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $3,500 |
| AMERICAN CANCER SOCIETY NEW YORK, NY | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $5,000 |
| AMERICAN KIDNEY FOUNDATION ROCKVILLE, MD | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $7,500 |
| ARMS WIDE OPEN MARLBORO, NJ | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $2,500 |
| BIG BROTHERS BIG SISTERS OF NYC NEW YORK, NY | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $2,500 |
| BUILDING HOMES FOR HEROES ISLAND PARK, NY | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $2,000 |
| CHABAD TERROR VICTIMS NEW YORK, NY | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $412 |
| CHAMINADE ARMY RANGERS GARDEN CITY, NJ | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $2,000 |
| FJC A FOUNDATON OF PHILANTHROIC FUNDS NEW YORK, NY | UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN COVELLI | PRESIDENT | 0.1 | — |
| RALPH COVELLI | DIRECTOR | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Pat Covelli Foundation Inc?
Pat Covelli Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONG ISLAND CITY, NY. It holds $122K in total assets as of 2024.
How large is Pat Covelli Foundation Inc?
As of 2024, Pat Covelli Foundation Inc holds $122K in total assets with $195K in annual revenue. It awarded 32 grants totaling $111K in 2024.
Where does Pat Covelli Foundation Inc operate?
Pat Covelli Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Illinois, Maryland, Minnesota, North Carolina, New Jersey, New York, Virginia.
What size grants does Pat Covelli Foundation Inc award?
In 2024, Pat Covelli Foundation Inc awarded 32 grants totaling $111K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Pat Covelli Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Pat Covelli Foundation Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pat Covelli Foundation Inc's EIN?
Pat Covelli Foundation Inc's EIN (Employer Identification Number) is 11-3475576. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Pat Covelli Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Pat Covelli Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Pat Covelli Foundation Inc to a real strategy.