The Acierno Family Foundation
The Acierno Family Foundation is a private 501(c)(3) grantmaking foundation based in Wilmington, Delaware. Established in 2019, the foundation operates as an independent private foundation with no employees, focusing on charitable giving and scholarship support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.0M
+3.4% YoY
Annual Giving
$530K
+0.0% YoY
Grant Count
21
+0.0% YoY
Avg Grant Size
$25K
+0.0% YoY
Under IRS private-foundation payout rules, The Acierno Family Foundation reported a distributable amount of $586K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds the furtherance of charitable programs and scholarships. Its grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
Grantmaking
The foundation made 17 grants in 2024, with total giving of $530,000. Grant sizes typically range from $1,000 to $150,000.
Grant Range
s typically range from $1,000 to $150,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in Delaware, Maryland, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $9,024,931
- Total Revenue: $886,213
- Total Expenses: $591,557
- Net Income: $294,656
- Total Liabilities: $0
As of December 31, 2023:
- Total Assets: $8,730,303
- Total Revenue: $581,690
- Total Expenses: $594,673
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,024,931 | $8,730,303 | $8,743,258 |
| Revenue | $886,213 | $581,690 | $169,154 |
| Expenses | $591,557 | $594,673 | $675,469 |
| Qualifying Distributions | $531,800 | $531,510 | $601,312 |
| Net Investment Income | $833,720 | $520,815 | $164,624 |
| Distributable Amount | $586,317 | $521,820 | $529,438 |
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
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Edmonds Academy ($150,000), Catholic Charities ($60,000), Food Bank of Delaware ($55,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S ASSOCIATION CHICAGO, IL | THE FURTHERANCE OF CHARITABLE PROGRAMS | $40,000 |
| CANCER RESEARCH INSTITUTE NEW YORK, NY | THE FURTHERANCE OF CHARITABLE PROGRAMS | $15,000 |
| CATHOLIC CHARITIES ALEXANDRIA, VA | THE FURTHERANCE OF CHARITABLE PROGRAMS | $60,000 |
| CBOBS BALTIMORE, MD | THE FURTHERANCE OF CHARITABLE PROGRAMS | $1,000 |
| UC DAVIS FOUNDATION DAVIS, CA | THE FURTHERANCE OF CHARITABLE PROGRAMS | $15,000 |
| EPILEPSY FOUNDATION OF DELAWARE NEWARK, DE | THE FURTHERANCE OF CHARITABLE PROGRAMS | $15,000 |
| FOOD BANK OF DELAWARE NEWARK, DE | THE FURTHERANCE OF CHARITABLE PROGRAMS | $55,000 |
| FRIENDS OF YOLO COUNTY ANIMAL SERVICES WOODLAND, CA | THE FURTHERANCE OF CHARITABLE PROGRAMS | $15,000 |
| HURRICANE ISLAND OUTWARD BOUND SCHOOL CAMDEN, ME | THE FURTHERANCE OF CHARITABLE PROGRAMS | $2,000 |
| ST EDMONDS ACADEMY WILMINGTON, DE | SCHOLARSHIPS | $150,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is associated with John Yannacone and Michael Acierno. Frank Ettore Acierno Junior, an entrepreneur who passed away in February 2020, was involved with the foundation as a board member in his later years.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A ACIERNO | DIRECTOR/PRESIDENT/TREASUR | 1 | — |
| JOHN J YANNACONE | DIRECTOR/VICE-PRESIDENT/SE | 1 | — |
Contact Information
Address: 1011 Centre Rd Ste 310, Wilmington, DE 19805-1266
Phone: 610-565-7004
EIN: 82-3460019
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Acierno Family Foundation fund?
The foundation primarily funds the furtherance of charitable programs and scholarships. Its grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
How do I apply for a grant from The Acierno Family Foundation?
The foundation made 17 grants in 2024, with total giving of $530,000. Grant sizes typically range from $1,000 to $150,000. Recent grants include: • St Edmonds Academy: $150,000 (Scholarships) • Catholic Charities USA: $60,000 (The Furtherance of Charitable Programs) • Food Bank of Delaware: $55,000 (The Furtherance of Charitable Programs) • Delaware Art Museum: $50,000 (The Furtherance of Charitable Programs) Additional grantees have included Wellness House of Annapolis.
Where does The Acierno Family Foundation make grants?
The foundation's grantmaking is primarily concentrated in Delaware, Maryland, and California.
What size grants does The Acierno Family Foundation award?
In 2024, The Acierno Family Foundation awarded 21 grants totaling $530K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is The Acierno Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Acierno Family Foundation reported a distributable amount of $586K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Acierno Family Foundation's EIN?
The Acierno Family Foundation's EIN (Employer Identification Number) is 82-3460019. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Acierno Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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