The Albert M Covelli Foundation
The Albert M Covelli Foundation is a private family foundation established in 1984 and located in Warren, Ohio. The foundation is dedicated to supporting charitable, educational, and community causes through strategic grantmaking to preselected organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.7M
+19.6% YoY
Annual Giving
$368K
-6.1% YoY
Grant Count
30
+3.4% YoY
Avg Grant Size
$12K
-9.3% YoY
Under IRS private-foundation payout rules, The Albert M Covelli Foundation reported a distributable amount of $389K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding areas include:
- Education (28% of giving)
- Health (25% of giving)
- Social & Human Services (22% of giving)
- Community Health
- Child Welfare
- Philanthropy and Voluntarism
Grantmaking
The foundation operates on an invite-only basis and does not accept unsolicited applications. Organizations interested in applying must contact the foundation directly to inquire about the application process. There are no set deadlines.
Grant Range
$1,000–$87,000
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Ohio and Florida. Approximately 54% of grants remain in Ohio, with significant giving also directed to New York, Missouri, and Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $6,429,810
- Total giving: $391,500
- Total revenues: $404,566
- Total expenses: $465,416
- Investment income and dividends: $166,487
- Net gain from sale of non-inventory assets: $238,079
- Giving rate: 6.1% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,692,605 | $6,429,810 | $6,494,516 |
| Revenue | $1,724,831 | $404,566 | $245,727 |
| Expenses | $449,699 | $465,416 | $511,425 |
| Qualifying Distributions | $367,700 | $391,700 | $422,890 |
| Net Investment Income | $1,644,877 | $330,120 | $166,868 |
| Distributable Amount | $388,614 | $368,564 | $388,995 |
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
127 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include John F Kennedy Catholic School ($62,500), Orlando Health Foundation ($50,000), Hibiscus Children's Center ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ZOO TAMPA TAMPA, FL | CHARITABLE | $12,500 |
| WARREN FAMILY MISSION WARREN, OH | CHARITABLE | $2,000 |
| UNITED WAY OF MARTIN CO STUART, FL | CHARITABLE | $2,500 |
| TRUMBULL MOBILE MEALS INC WARREN, OH | CHARITABLE | $1,000 |
| THE SALVATION ARMY OF MARTIN ST LUCIE AND OKEECHOBEE COUNTIES STUART, FL | CHARITABLE | $1,000 |
| THE SALVATION ARMY WARREN, OH | CHARITABLE | $1,500 |
| ST TERESA OF CALCUTTA PARISH WARREN, OH | CHARITABLE | $2,500 |
| ST MARGARET MARY CATHOLIC CHURCH WINTER PARK, FL | CHARITABLE | $10,000 |
| ST JOSEPH CATHOLIC CHURCH & SCHOOL STUART, FL | CHARITABLE | $5,000 |
| ORLANDO HEALTH FOUNDATION ORLANDO, FL | CHARITABLE | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Founder: Albert Covelli
- Director: Annette Ford
- Trustees: Josephine Covelli, Sam Covelli
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPHINE COVELLI | TRUSTEE | — | — |
| ANNETTE FORD | TRUSTEE | 0.5 | — |
| SAM COVELLI | TRUSTEE | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported military-focused charitable initiatives, including participation in a wedding venue giveaway contest in partnership with other organizations to benefit military couples.
NVMM Announces Covelli Wedding Venue GiveawayContact Information
Address: The Albert M Covelli Foundation 3900 E Market Street Warren, Ohio 44484-4723
Phone: 330-856-3176
Frequently Asked Questions
What does The Albert M Covelli Foundation fund?
The foundation's primary funding areas include: • **Education** (28% of giving) • **Health** (25% of giving) • **Social & Human Services** (22% of giving) • Community Health • Child Welfare • Philanthropy and Voluntarism
How do I apply for a grant from The Albert M Covelli Foundation?
**Grant Activity:** • Annual giving: approximately $367,500–$391,500 • Number of grants: 16–29 grants annually • Grant range: $1,000–$87,000 • Median grant size: $5,000 **Application Process:** The foundation operates on an invite-only basis and does not accept unsolicited applications. Organizations interested in applying must contact the foundation directly to inquire about the application process. There are no set deadlines. **Recent Grantees (2023):** • Orlando Health Foundation ($50,000) •…
Where does The Albert M Covelli Foundation make grants?
The foundation primarily supports organizations in Ohio and Florida. Approximately 54% of grants remain in Ohio, with significant giving also directed to New York, Missouri, and Massachusetts.
What size grants does The Albert M Covelli Foundation award?
In 2024, The Albert M Covelli Foundation awarded 30 grants totaling $368K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Albert M Covelli Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Albert M Covelli Foundation reported a distributable amount of $389K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Albert M Covelli Foundation's EIN?
The Albert M Covelli Foundation's EIN (Employer Identification Number) is 34-1383117. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Albert M Covelli 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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