Petrucci Family Foundation Inc is a private foundation based in Asbury, New Jersey. Its stated mission is to support education, create opportunities for Americans at every stage and station of life, and assist public charities in carrying out their exempt purposes.
Key facts about Petrucci Family Foundation Inc
In short: Petrucci Family Foundation Inc gave $681K across 45 grants in 2024 (avg $15K), mostly in New Jersey. 42% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-1601999
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $680,678
- Grants made (2024)
- 45
- Average grant
- $15,126
- Median grant
- $5,000
- New grantees (estimate)
- 42% first-time grantees (19 of 45, 2024)
- Total assets
- $20,835,363
- Primary geography
- New Jersey (66% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.8M
+10.7% YoY
Annual Giving
$681K
-11.0% YoY
Grant Count
45
-2.2% YoY
Avg Grant Size
$15K
-9.0% YoY
Under IRS private-foundation payout rules, Petrucci Family Foundation Inc reported a distributable amount of $608K for 2024 — the minimum it must pay out in qualifying distributions.
Is Petrucci Family Foundation Inc open to new grantees?
42%
first-time grantees, 2024
In 2024, 19 of 45 grantees (42%) were first-time recipients. First grants averaged $8K; repeat grants $20K. How we count
Medians: $3K first-time, $8K repeat.
- 40% of 2024 grantees were also funded in 2023. Method
- Giving grew 92% from 2021 to 2024. Method
- In 2024 it paid out 112% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation states that its mission is “to support education and create opportunities for Americans at every stage and station of life and to provide assistance to public charities in carrying out their exempt purposes.”
Its 2024 recipients illustrate the range of organizations it supports. The Peck School says it inspires students to learn rigorously, grow in character, and lead healthy, productive, and principled lives. The Academy of Nutrition and Dietetics says its philanthropic mission is to empower current and future food and nutrition practitioners to optimize global health. EatWell Exchange says it works to empower lower-socioeconomic communities with access, knowledge, and confidence to eat nutritious food within their own food culture. The Matheny School and Hospital says it aims to optimize quality of life for individuals with developmental disabilities and significant functional impairments. Baker Industries describes its work as a paid workforce-development program for adults facing disabilities, substance-use disorders, parole or probation, or homelessness.
Grantmaking
In filing year 2024, the foundation reported 45 grants totaling $680,678. Grants ranged from $1,000 to $238,500, with a median of $5,000. The largest awards included $238,500 to Delbarton School and $58,500 to Villa Walsh Academy, both in Morristown, New Jersey; $57,500 to the Academy of Nutrition and Dietetics in Chicago; and $35,000 to The Peck School in Morristown. Other notable grants included $30,000 to EatWell Exchange in Miami and $26,000 to The Matheny School and Hospital in Peapack, New Jersey.
Ready to take the next step with Petrucci Family Foundation Inc?
Geographic Focus
Where this funder awards grants
In 2024, 66% of grant dollars went to recipients in New Jersey, 12% to Illinois, 7% to Pennsylvania, 6% to Florida, and 5% to New York.
Grant Distribution by State
Share of 2024 grant dollars across all 45 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $354K (2021) to $1.1M (2022). In 2024 it made 45 grants totaling $681K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Delbarton School ($239K). Together the top 10 received $523K.
Grant Size Distribution
206 grants across all recorded years
The most common grant size was under $50K: 192 grants of 206 (93%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Delbarton School Morristown, NJ | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $238,500 |
| Villa Walsh Academy Morristown, NJ | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $58,500 |
| Academy of Nutrition and Dietetics Chicago, IL | Restricted grant provided solely to support the recipient organizations charitable and educational activities consistent with section 170(c)(2)(b) of the internal revenue code. The grant is subject to expenditure responsibility and may not be used for lobbying, political activities, or any non-charitable purposes. | $57,500 |
| The Peck School Morristown, NJ | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $35,000 |
| Eatwell Exchange Miami, FL | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $30,000 |
| The Matheny School and Hospital Inc Peapack, NJ | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $26,000 |
| Cathedral of St John the Baptist Paterson, NJ | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $25,000 |
| Carelbach Shul New York, NY | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $20,000 |
| Our Kids Read Laurel, MD | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $17,500 |
| Saint Rock Haiti Foundation Milton, MA | Unrestricted general support grant intended to further the recipient organizations charitable and educational mission in alignment with its irs-recognized exempt purpose, and to support its ongoing charitable programs and operations as a tax-exempt public charity under section 501(c)(3) of the internal revenue code. | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $20,835,363 | $2,440,476 | $731,006 | $680,678 |
| 2023 | $18,826,952 | −$164,659 | $780,448 | $764,794 |
| 2022 | $18,587,547 | $315,878 | $1,193,250 | $1,106,256 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,835,363 | $18,826,952 | $18,587,547 |
| Revenue | $2,440,476 | $-164,659 | $315,878 |
| Expenses | $731,006 | $780,448 | $1,193,250 |
| Qualifying Distributions | $682,974 | $764,794 | $1,106,256 |
| Net Investment Income | $397,011 | $372,117 | $252,978 |
| Distributable Amount | $608,459 | $619,375 | $661,067 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists these part-time trustees: James G Petrucci, Jeanne Petrucci, Emilia Rose Sochovka, Joseph Ronald James Petrucci, and Michael Petrecca.
Petrucci Family Foundation Inc's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Emilia Rose Sochovka
Trustee - P & T
On filings since 2020
5 hrs/week
No compensation reported
James G. Petrucci
Trustee - P & T
On filings since 2020
5 hrs/week
No compensation reported
Jeanne Petrucci
Trustee - P & T
On filings since 2020
5 hrs/week
No compensation reported
Joseph Ronald James Petrucci
Trustee - P & T
On filings since 2020
5 hrs/week
No compensation reported
Michael Petrecca
Trustee - P & T
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 171 Route 173 201, Asbury, NJ 08802
Phone: (908) 730-6909
Website: https://petruccifamilyfoundation.net
Frequently asked questions about Petrucci Family Foundation Inc
How much does Petrucci Family Foundation Inc give each year?
Petrucci Family Foundation Inc gave $681K across 45 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $765K across 46 grants.
What is Petrucci Family Foundation Inc's typical grant size?
Petrucci Family Foundation Inc's median grant in 2024 was $5,000, and its average grant was $15,126, across 45 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Petrucci Family Foundation Inc that year got $8K on average.
Where does Petrucci Family Foundation Inc give grants?
Petrucci Family Foundation Inc gives mostly in New Jersey: 66% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Illinois (12%) and Pennsylvania (7%). The most frequent recipient cities were Morristown, NJ (4 grants), Chicago, IL (4 grants), New York, NY (3 grants) and Asbury, NJ (3 grants).
Does Petrucci Family Foundation Inc give general operating support?
Yes: 96% of Petrucci Family Foundation Inc's 2024 grants with a stated purpose (43 of 45) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Petrucci Family Foundation Inc's largest grantees?
Petrucci Family Foundation Inc's largest 2024 grantees include Delbarton School ($238,500), Villa Walsh Academy ($58,500) and Academy of Nutrition and Dietetics ($57,500), according to its 2024 IRS Form 990-PF. Together they received 52% of its itemized 2024 grant dollars.
How large is Petrucci Family Foundation Inc?
Petrucci Family Foundation Inc reported $20.8M in total assets on its 2024 IRS Form 990-PF. It paid out $683K in qualifying distributions that year, against a required minimum of $608K (roughly 5% of its investment assets).
What does Petrucci Family Foundation Inc fund?
The foundation states that its mission is “to support education and create opportunities for Americans at every stage and station of life and to provide assistance to public charities in carrying out their exempt purposes.” See mission & focus areas ↑
How do I apply for a grant from Petrucci Family Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Petrucci Family Foundation Inc's EIN?
Petrucci Family Foundation Inc's EIN (Employer Identification Number) is 20-1601999. IRS Form 990 filing data is available on this page for 2020–2024.
Does Petrucci Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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