Posillico Foundation Inc
Posillico Foundation Inc is a private foundation based in Farmingdale, New York. Its 2024 filing lists grants to charitable organizations, including universities, health and human-services organizations, and other nonprofits.
Posillico Foundation Inc at a glance
In short: Posillico Foundation Inc gave $357K across 22 grants in 2024 (avg $16K), top state New York. 36% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $356,665
- -5.5% vs 2023
- Grants made (2024)
- 22
- -72.8% vs 2023
- Average grant
- $16,212
- +247.8% vs 2023
- Median grant
- $7,003
- Total assets
- $30,425
- -35.2% vs 2023
- New grantees (estimate)
- 36% first-time grantees (8 of 22, 2024; small sample)
- Primary geography
- New York (31% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Posillico Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1750 New Highway, Farmingdale, NY 11735
Phone: (631) 249-1872
Website: https://posillicoinc.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Posillico Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Clemson University Fondation ($106K). Together the top 10 received $325K.
Grant Size Distribution
311 grants across all recorded years
The most common grant size was under $50K: 304 grants of 311 (98%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were distributed among recipients in New York (31%), South Carolina (30%), Pennsylvania (19%), Texas (11%), and Virginia (5%).
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
States
Cities
Is Posillico Foundation Inc open to new grantees?
36%
first-time grantees, 2024
In 2024, 8 of 22 grantees (36%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $5K; repeat grants $23K. How we count
Medians: $2K first-time, $12K repeat.
- 55% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+18%). Method
- In 2024 it paid out well above 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $159K (2020) to $378K (2023). In 2024 it made 22 grants totaling $357K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Clemson University Fondation Clemson, SC | Organization | $106,320 |
| Villanova University Villanova, PA | Organization | $68,140 |
| American Heart Association Dallas, TX | Organization | $38,442 |
| Molloythe Energeia Partnership East Farmingdale, NY | Organization | $27,300 |
| Contractors for Kids Islandia, NY | Organization | $19,075 |
| Islamic Relief USA Alexandria, VA | Organization | $16,654 |
| The Clark Gillies Foundation Farmingdale, NY | Organization | $15,235 |
| Friends Academy Locust Valley, NY | Organization | $14,049 |
| Oasis-a Haven for Women and Children Paterson, NJ | Organization | $10,000 |
| Sunrise Association Oceanside, NY | Organization | $9,500 |
Ready to take the next step with Posillico Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $30,425 | $356,660 | $373,179 | $356,665 | 22 | $356,665 | $1,905 |
| 2023 | $46,944 | $400,355 | $377,617 | $377,567 | 81 | $377,567 | $1,752 |
| 2022 | $24,206 | $392,624 | $369,728 | $368,556 | 87 | $368,556 | $875 |
| 2021 | $11,310 | $306,576 | $302,842 | $302,792 | 66 | $302,792 | $465 |
| 2020 | $7,576 | $155,681 | $159,030 | $159,005 | 55 | — | $209 |
Under IRS private-foundation payout rules, Posillico Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2024 grants show support for organizations with varied missions. For example, Villanova University describes itself as a Catholic Augustinian community of higher education committed to discovering, sharing, and applying knowledge. The American Heart Association says its mission is to promote longer, healthier lives. Contractors for Kids says it provides financial assistance to families facing the effects of a child’s sickness, injury, or death. Islamic Relief USA describes its work as providing relief and development regardless of gender, race, or religion.
Other 2024 recipients include Friends Academy, which describes its educational work as guided by Quaker principles, and Leadership Mission International, which says it develops women leaders through education and leadership training.
Grantmaking
In 2024, the foundation made 22 grants totaling $356,665. Grant amounts ranged from $300 to $106,320, with a median of $7,002. The largest awards included $106,320 to Clemson University Foundation, $68,140 to Villanova University, $38,442 to the American Heart Association, $27,300 to Molloy the Energeia Partnership, and $19,075 to Contractors for Kids.
The foundation made 81 grants totaling $377,567 in 2023 and 87 grants totaling $368,556 in 2022.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Joseph K Posillico as president, Michael J Posillico as vice president, and Joseph D Posillico III as secretary.
Posillico Foundation Inc is led by Joseph K. Posillico, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joseph K. Posillico
President
On filings since 2020
1 hr/week
No compensation reported
Joseph D. Posillico III
Secretary
On filings since 2020
1 hr/week
No compensation reported
Michael J. Posillico
Vice President
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.
Frequently asked questions about Posillico Foundation Inc
How much does Posillico Foundation Inc give each year?
Posillico Foundation Inc gave $357K across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $378K across 81 grants.
What is Posillico Foundation Inc's typical grant size?
Posillico Foundation Inc's median grant in 2024 was $7,003, and its average grant was $16,212, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Posillico Foundation Inc that year got $5K on average.
Where does Posillico Foundation Inc give grants?
Posillico Foundation Inc's top state is New York, with 31% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were South Carolina (30%) and Pennsylvania (19%).
Does Posillico Foundation Inc give general operating support?
Not in 2024: none of the 22 grants with a stated purpose on Posillico Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Organization" (22 grants).
Who are Posillico Foundation Inc's largest grantees?
Posillico Foundation Inc's largest 2024 grantees include Clemson University Fondation ($106,320), Villanova University ($68,140) and American Heart Association ($38,442), according to its 2024 IRS Form 990-PF. Together they received 60% of its itemized 2024 grant dollars.
How large is Posillico Foundation Inc?
Posillico Foundation Inc reported $30K in total assets on its 2024 IRS Form 990-PF. It paid out $357K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What does Posillico Foundation Inc fund?
No foundation mission statement is provided. Its 2024 grants show support for organizations with varied missions. For example, Villanova University describes itself as a Catholic Augustinian community of higher education committed to discovering, sharing, and applying knowledge. See mission & focus areas ↑
How do I apply for a grant from Posillico 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 Posillico Foundation Inc's EIN?
Posillico Foundation Inc's EIN (Employer Identification Number) is 20-2143917. IRS Form 990 filing data is available on this page for 2020–2024.
Does Posillico Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Posillico Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Posillico Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Posillico Foundation Inc funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/posillico-foundation-inc-morg_0fb60b744d7b469985af363978849e0d
BibTeX
@misc{grantable_202143917_2026,
author = {{Grantable}},
title = {{Posillico Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/posillico-foundation-inc-morg_0fb60b744d7b469985af363978849e0d},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Posillico Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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