Posillico Foundation Inc

FARMINGDALE, NY EIN: 20-2143917 Website

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

-72.8% YoY

Avg Grant Size

$16K

+247.8% YoY

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 April 2026.

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

New York $655K (57%)

South Carolina $174K (15%)

Pennsylvania $171K (15%)

Virginia $47K (4%)

Texas $42K (4%)

New Jersey $28K (2%)

Washington $17K (2%)

Colorado $8K (1%)

+12 more states

States

California Colorado Connecticut District of Columbia Florida Illinois Indiana Massachusetts Maryland Minnesota Missouri New Jersey New York Ohio Pennsylvania South Carolina Texas Utah Virginia Washington

Cities

AlbanyAlexandriaArlingtonBabylonBangorBay ShoreBethesdaBethpageBohemiaBowling Green StationBrentwoodBriarcliff ManorBrightwatersBronxBrooklynBuffaloCenterportChicagoClemsonCold Spring

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Clemson University Fondation ($106,320), Villanova University ($68,140), American Heart Association ($38,442).

Recipient	Purpose	Amount
AMERICAN HEART ASSOCIATION DALLAS, TX	ORGANIZATION	$38,442
CLEMSON UNIVERSITY FONDATION CLEMSON, SC	ORGANIZATION	$106,320
CONTRACTORS FOR KIDS ISLANDIA, NY	ORGANIZATION	$19,075
FAMILY SERVICE LEAGUE HUNTINGTON, NY	ORGANIZATION	$2,500
FRIENDS ACADEMY LOCUST VALLEY, NY	ORGANIZATION	$14,049
KIDS OF LOCAL 14 FLUSHING, NY	ORGANIZATION	$6,805
LEADERSHIP MISSION INTERNATIONAL SEATTLE, WA	ORGANIZATION	$7,200
MOLLOYTHE ENERGEIA PARTNERSHIP EAST FARMINGDALE, NY	ORGANIZATION	$27,300
OASIS-A HAVEN FOR WOMEN AND CHILDREN PATERSON, NJ	ORGANIZATION	$10,000
SUFFOLK COUNTY POLICE MEMORIAL FUND HOLBROOK, NY	ORGANIZATION	$750

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Posillico Foundation Inc fund?

The foundation supports organizations involved with: • Secondary and higher education • Cancer research and support • School athletics • Human services • The construction industry • Christianity

How do I apply for a grant from Posillico Foundation Inc?

**Grant Activity:** • Made 55 grants in 2023 • Total giving in 2023: $356,665 • Typical award range: $87–$106,320 **Recent Notable Grants (2023):** • Villanova University: $50,000 • Clark Gillies Foundation: $19,000 • Friends Academy: $17,500 The foundation also funded the Nylcv Education Fund and 46 additional grantees in 2023.

Where does Posillico Foundation Inc make grants?

The foundation primarily funds organizations in: • New York • Washington • Virginia

What size grants does Posillico Foundation Inc award?

In 2024, Posillico Foundation Inc awarded 22 grants totaling $357K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is Posillico Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Posillico Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.