Petrucci Family Foundation Inc is a private foundation established in 2004 and based in Asbury, New Jersey. The foundation operates as a 501(c)(3) organization with tax-exempt status since April 2006. Beyond traditional grantmaking, the foundation maintains and publicly shares the Petrucci Family Foundation Collection of African American Art, positioning itself as a curator of African American artistic heritage and a supporter of educational and cultural initiatives.
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.
Mission & Focus Areas
The foundation's collection initiative aims to "bring focus to the full range of African-American Art, aiming to reconcile the divide separating Black art from the American canon."
Primary funding focus areas include:
- Education
- Science and STEM education
- Philanthropy, voluntarism, and grantmaking
- Human services
- Arts and culture (particularly African American art)
Grantmaking
The foundation operates with preselected grantees only and maintains limited staffing, indicating a more selective and family-directed grantmaking approach rather than an open application process.
Grant Range
$1,000 to $239,000
Average Grant
amount reported in recent filings
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Jersey
- Pennsylvania
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $20,835,363
- Total giving: $680,678
- Assets rank in top 10% of foundations nationally
Historical Financial Data (2022):
- Total assets: $18.6 million
- Revenue: $316,000
- Expenses: $1.19 million
- Total liabilities: $0
| 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 |
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
206 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Delbarton School ($238,500), Villa Walsh Academy ($58,500), Academy of Nutrition and Dietetics ($57,500).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| BAKER INDUSTRIES MALVERN, PA | 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. | $10,000 |
| BIG SHOULDERS FUND CHICAGO, IL | 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. | $10,000 |
| BILLION OYSTER PROJECT 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. | $5,000 |
| BRIGHT HOPE ALLENTOWN, PA | 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. | $10,000 |
| BROOKLYN MUSEUM BROOKLYN, 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. | $2,500 |
| CAMELOT FOR CHILDREN ALLENTOWN, PA | 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. | $4,000 |
| CARE NET LANDSDOWNE, PA | 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. | $7,500 |
| 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 |
| 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by part-time trustees with minimal compensation:
- James G Petrucci (Trustee, 5 hours/week)
- Jeanne Petrucci (Trustee, 5 hours/week)
- Emilia Rose Sochovka (Trustee, 5 hours/week)
- Joseph Ronald James Petrucci (Trustee, 5 hours/week)
- Michael Petrecca (Trustee, 1 hour/week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES G PETRUCCI | TRUSTEE - P/T | 5 | — |
| JEANNE PETRUCCI | TRUSTEE - P/T | 5 | — |
| EMILIA ROSE SOCHOVKA | TRUSTEE - P/T | 5 | — |
| JOSEPH RONALD JAMES PETRUCCI | TRUSTEE - P/T | 5 | — |
| MICHAEL PETRECCA | TRUSTEE - P/T | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in recognizing academic achievement and supporting educational initiatives:
Petrucci Family Foundation has celebrated and honored top scholars at Irvington High School, hosting recognition events at the Newark Museum of Art
Petrucci Family Foundation Celebrates Irvington High School\u2019s Top Scholars\The foundation offers summer research grants through partnerships with academic institutions, including the Black Studies Program at Swarthmore College
Black Studies Program announces recipients of Petrucci Family FoundationThe foundation's art collection maintains active rotating exhibitions and viewing rooms, including recent exhibitions on Afro-Caribbean art, works by artists such as Adger Cowans, Martha Jackson-Jarvis, and Tokie Rome-Taylor, and partnerships with institutions like Lehigh University
Contact Information
Address: 171 Route 173, Suite 201, Asbury, NJ 08802
Phone: 908-730-6909
Website: www.petruccifamilyfoundation.com
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Petrucci Family Foundation Inc fund?
The foundation's collection initiative aims to "bring focus to the full range of African-American Art, aiming to reconcile the divide separating Black art from the American canon." Primary funding focus areas include: • Education • Science and STEM education • Philanthropy, voluntarism, and grantmaking • Human services • Arts and culture (particularly African American art)
How do I apply for a grant from Petrucci Family Foundation Inc?
**Grant Activity:** • 45 grants awarded in the most recent filing period • Median grant amount: $5,000 • Grant range: $1,000 to $239,000 • Average grant amount reported in recent filings **Approach:** The foundation operates with preselected grantees only and maintains limited staffing, indicating a more selective and family-directed grantmaking approach rather than an open application process.
Where does Petrucci Family Foundation Inc make grants?
The foundation primarily funds organizations in: • New Jersey • Pennsylvania • New York
What size grants does Petrucci Family Foundation Inc award?
In 2024, Petrucci Family Foundation Inc awarded 45 grants totaling $681K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Petrucci Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Petrucci Family Foundation Inc reported a distributable amount of $608K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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