Petrello Family Foundation
Petrello Family Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $3.0M in total assets. In 2026, it awarded 6 grants totaling $535K.
Petrello Family Foundation at a glance
In short: Petrello Family Foundation gave $535K across 6 grants in 2026 (avg $89K), top state Connecticut. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $535,000
- +66.1% vs 2025
- Grants made (2026)
- 6
- -14.3% vs 2025
- Average grant
- $89,167
- +93.8% vs 2025
- Median grant
- $50,000
- Total assets
- $3,040,695
- +52.1% vs 2025
- Primary geography
- Connecticut (39% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Petrello Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2026
The largest 2026 recipient was Newark Academy ($200K). Together the top 6 received $535K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 33 grants of 42 (79%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
Cities
How Petrello Family Foundation gives
- Giving grew 788% from 2023 to 2026. Method
- In 2026 it paid out well above its IRS minimum distribution (the 5% rule). 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 2021 to 2026, annual grant giving ranged from $60K (2023) to $535K (2026). In 2026 it made 6 grants totaling $535K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Newark Academy Liningston, NJ | To Support Youth Education | $200,000 |
| Albertus Magnus College New Haven, CT | To Support Student Education | $200,000 |
| The Herman Park Conservancy Houston, TX | Support Improvement of Hermann Park | $50,000 |
| Alley Theatre Houston, TX | To Support the Arts | $50,000 |
| Houston Ballet Houston, TX | To Support 2026 Ballet Ball | $25,000 |
| Evergreen Cemetery Association Watertown, CT | To Purchase a Gator | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2026 | $3,040,695 | $1,579,902 | $538,260 | $535,000 | 6 | $535,000 | $45,494 |
| 2025 | $1,999,053 | $298,626 | $325,236 | $322,000 | 7 | $322,000 | $17,426 |
| 2024 | $2,025,663 | $-182,131 | $124,668 | $121,450 | 7 | $121,450 | $29,563 |
| 2023 | $2,332,462 | $62,011 | $63,437 | $60,220 | 10 | $60,220 | $41,887 |
| 2022 | $2,333,888 | $190,685 | $187,541 | $184,390 | 12 | $184,390 | $37,341 |
| 2021 | $2,330,744 | $247,001 | $250,104 | $246,750 | 17 | — | $20,411 |
Under IRS private-foundation payout rules, Petrello Family Foundation reported a distributable amount of $45K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Petrello Family Foundation's 2026 filing lists 2 officers; none of the 2 officers listed in 2026 report compensation.
Officers on the 2026 filing
Anthony G. Petrello
Director
On filings since 2021
No compensation reported
Cynthia A. Petrello
Director
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Petrello Family Foundation
How much does Petrello Family Foundation give each year?
Petrello Family Foundation gave $535K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $322K across 7 grants.
What is Petrello Family Foundation's typical grant size?
Petrello Family Foundation's median grant in 2026 was $50,000, and its average grant was $89,167, across 6 grants on its 2026 IRS Form 990-PF.
Where does Petrello Family Foundation give grants?
Petrello Family Foundation's top state is Connecticut, with 39% of the grant dollars itemized on its 2026 IRS Form 990-PF. The next largest states were New Jersey (37%) and Texas (23%). The most frequent recipient cities were Houston, TX (3 grants).
Does Petrello Family Foundation give general operating support?
Not in 2026: none of the 6 grants with a stated purpose on Petrello Family Foundation's 2026 IRS Form 990-PF were described as general or operating support.
Who are Petrello Family Foundation's largest grantees?
Petrello Family Foundation's largest 2026 grantees include Newark Academy ($200,000), Albertus Magnus College ($200,000) and The Herman Park Conservancy ($50,000), according to its 2026 IRS Form 990-PF. Together they received 84% of its itemized 2026 grant dollars.
How large is Petrello Family Foundation?
Petrello Family Foundation reported $3.0M in total assets on its 2026 IRS Form 990-PF. It paid out $535K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets).
What is Petrello Family Foundation's EIN?
Petrello Family Foundation's EIN (Employer Identification Number) is 01-0559509. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 11, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Petrello Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Petrello Family Foundation's focus areas in our free grants database
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