Posillico Foundation Inc
Posillico Foundation Inc is a private independent foundation based in Farmingdale, New York. Established in 2004, it is a 501(c)(3) organization designated for philanthropic and grantmaking purposes. The foundation has been tax-exempt since February 2006.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30K
-35.2% YoY
Annual Giving
$357K
-5.5% YoY
Grant Count
22
-72.8% YoY
Avg Grant Size
$16K
+247.8% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Secondary and higher education
- Cancer research and support
- School athletics
- Human services
- The construction industry
- Christianity
Grantmaking
The foundation also funded the Nylcv Education Fund and 46 additional grantees in 2023.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Washington
- Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $46,944
- Total Revenues: $400,355
- Total Expenses: $377,617
- Total Liabilities: $0
- Number of Employees: 0
Revenue Breakdown (2023):
- Grants and contributions: $398,585
- Gross sales of inventory: $1,770
- Investment income and dividends: $0
Contact Information:
- Address: 1750 New Hwy, Farmingdale, NY 11735-1562
- Telephone: 631-249-1872
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,425 | $46,944 | $24,206 |
| Revenue | $356,660 | $400,355 | $392,624 |
| Expenses | $373,179 | $377,617 | $369,728 |
| Qualifying Distributions | $356,665 | $377,567 | $368,556 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,905 | $1,752 | $875 |
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
222 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is connected to Posillico Inc, a construction company. Phil Posillico serves as Treasurer of related foundations in the Farmingdale area.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH K POSILLICO | PRESIDENT | 1 | — |
| MICHAEL J POSILLICO | VICE PRESIDENT | 1 | — |
| JOSEPH D POSILLICO III | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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