Philip V Fava and Nancy Owen D Fava
Philip V Fava and Nancy Owen D Fava is a private foundation, based in WHIPPANY, NJ. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $330K. Net investment income was $11K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$330K
-78.9% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$110K
-78.9% YoY
Under IRS private-foundation payout rules, Philip V Fava and Nancy Owen D Fava reported a distributable amount of $18K for 2023 — the minimum it must pay out in qualifying distributions.
About Philip V Fava and Nancy Owen D Fava
Based on IRS filings
Philip V Fava and Nancy Owen D Fava is a private foundation, based in WHIPPANY, NJ. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $330K. Net investment income was $11K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $396,321 | $1,498,444 |
| Revenue | $11,550 | $508,915 | $153,161 |
| Expenses | $383,485 | $1,610,753 | $133,855 |
| Qualifying Distributions | $368,727 | $1,596,264 | $108,298 |
| Net Investment Income | $10,576 | $495,844 | $125,904 |
| Distributable Amount | $18,236 | $75,135 | $107,600 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Tufts Universtiy School of Medicine ($165,000), Caldwell College ($82,500), Blackburn College ($82,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CALDWELL COLLEGE CALDWELL, NJ | GENERAL SUPPORT | $82,500 |
| BLACKBURN COLLEGE CARLINVILLE, IL | GENERAL SUPPORT | $82,500 |
| TUFTS UNIVERSTIY SCHOOL OF MEDICINE BOSTON, MA | GENERAL SUPPORT | $165,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DOMINICK DE CICCO | CO-TRUSTEE | 1 | $12,654 |
| JOYCE DEL SORDO | CO-TRUSTEE | 1 | $12,654 |
Frequently Asked Questions
Where does Philip V Fava and Nancy Owen D Fava operate?
Philip V Fava and Nancy Owen D Fava has awarded grants in Illinois, Massachusetts, New Jersey.
What size grants does Philip V Fava and Nancy Owen D Fava award?
In 2023, Philip V Fava and Nancy Owen D Fava awarded 3 grants totaling $330K — an average of about $110K per grant, based on its IRS Form 990 filings.
How much is Philip V Fava and Nancy Owen D Fava required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Philip V Fava and Nancy Owen D Fava reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Philip V Fava and Nancy Owen D Fava's EIN?
Philip V Fava and Nancy Owen D Fava's EIN (Employer Identification Number) is 23-7149743. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.