Salamone Family Foundation Inc
Salamone Family Foundation Inc is a private foundation, based in Bonita Springs, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 3 grants totaling $211K. Net investment income was $606K.
Salamone Family Foundation Inc at a glance
In short: Salamone Family Foundation Inc gave $211K across 3 grants in 2024 (avg $70K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $211,000
- -3.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $70,333
- -3.0% vs 2023
- Median grant
- $50,000
- Total assets
- $3,122,260
- +23.4% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Salamone Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was St Francis College ($160K). Together the top 3 received $211K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 14 grants of 23 (61%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Salamone Family Foundation Inc gives
- Giving fell 28% from 2021 to 2024. Method
- In 2024 it paid out 144% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $211K (2024) to $292K (2021). In 2024 it made 3 grants totaling $211K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Francis College Brooklyn Heights, NY | The organization provides an affordable, quality education to students of all racial, ethnic, and religious backgrounds | $160,000 |
| Tunnel to Towers Foundation Staten Island, NY | The mission of the stephen siller tunnel to towers foundation is to honor the sacrifice of fdny firefighter stephen siller, and all those who laid down their lives to save others on september 11, 2001. Also honor our military and first responders who continue to make the supreme sacrifice of life and limb for our country. | $50,000 |
| The Salvation Army USA Alexandria, VA | The organization is an evangelical part of the universal christian church. Its message is based on the bible. Its ministry is motivated by the love of god. Its mission is to preach the gospel of jesus christ and to meet human needs in his name without discrimination. | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,122,260 | $816,546 | $224,113 | $211,000 | 3 | $213,449 | $605,882 | $147,727 |
| 2023 | $2,529,827 | $99,030 | $239,793 | $217,500 | 3 | $217,650 | $89,453 | $154,982 |
| 2022 | $2,670,590 | $419,632 | $300,981 | $290,000 | 4 | $291,200 | $804,150 | $140,569 |
| 2021 | $2,551,939 | $150,677 | $304,337 | $292,000 | 6 | $293,200 | $139,514 | $159,820 |
| 2020 | $2,705,599 | $61,082 | $285,454 | $276,000 | 7 | — | $53,165 | $158,408 |
Under IRS private-foundation payout rules, Salamone Family Foundation Inc reported a distributable amount of $148K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Salamone Family Foundation Inc is led by Denis J. Salamone, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Denis J. Salamone
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Joanne M. Salamone
Vice President & Secretary
On filings since 2020
0.5 hrs/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 Salamone Family Foundation Inc
How much does Salamone Family Foundation Inc give each year?
Salamone Family Foundation Inc gave $211K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $218K across 3 grants.
What is Salamone Family Foundation Inc's typical grant size?
Salamone Family Foundation Inc's median grant in 2024 was $50,000, and its average grant was $70,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Salamone Family Foundation Inc give grants?
Salamone Family Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Salamone Family Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Salamone Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is Salamone Family Foundation Inc?
Salamone Family Foundation Inc reported $3.1M in total assets on its 2024 IRS Form 990-PF. It paid out $213K in qualifying distributions that year, against a required minimum of $148K (roughly 5% of its investment assets).
What is Salamone Family Foundation Inc's EIN?
Salamone Family Foundation Inc's EIN (Employer Identification Number) is 81-4199187. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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