The Alberto Foundation

Foundation · Grantmaker MONTGOMERY, NY EIN: 13-3919996

The Alberto Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MONTGOMERY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $719K in total assets. In 2024, it awarded 14 grants totaling $60K. Net investment income was $57K.

Key facts about The Alberto Foundation

EIN: 13-3919996
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $60,000
Grants made (2024): 14
Average grant: $4,286
Median grant: $1,750
New grantees (estimate): 14% first-time grantees (2 of 14, 2024)
Total assets: $719,326
Primary geography: New Jersey (94% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The Alberto Foundation funds

By grant dollars, the top recipient states for The Alberto Foundation's 14 itemized 2024 grants were New Jersey (94%). The most frequent recipient cities were Livingston, NJ (2 grants) and Newark, NJ (2 grants). None of its 14 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (14 grants).

Is The Alberto Foundation open to new grantees?

14%

first-time grantees, 2024

In 2024, 2 of 14 grantees (14%) were first-time recipients. First grants averaged $1K; repeat grants $5K. How we count

Medians: $1K first-time, $3K repeat.

86% of 2024 grantees were also funded in 2023. Method
Giving grew 21% from 2021 to 2024. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$719K

+8.6% YoY

Annual Giving

$60K

+20.0% YoY

Grant Count

+16.7% YoY

Avg Grant Size

$4K

+2.9% YoY

Under IRS private-foundation payout rules, The Alberto Foundation reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

About The Alberto Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $57K (94%)

Virginia $3K (4%)

Delaware $1K (2%)

Share of all 14 itemized 2024 grant dollars.

States

Delaware New Jersey Virginia

Cities

LivingstonNewarkEast HanoverSouth OrangeWatchungWest OrangeFlorham ParkIselinHillsideTriangleMorristownDealMetuchenPiscatawayWilmington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$719,326	$662,073	$622,479
Revenue	$61,897	$30,580	$-5,128
Expenses	$4,644	$54,099	$53,016
Qualifying Distributions	—	—	—
Net Investment Income	$57,253	$26,481	$2,121
Distributable Amount	$46,579	$41,233	$42,730

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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

61 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Seton Hall University ($15,000), St Barnabus Medical Ctr ($15,000), Rachel Foundation ($10,000).

Recipient	Purpose	Amount
SETON HALL UNIVERSITY South Orange, NJ	CHARITABLE	$15,000
ST BARNABUS MEDICAL CTR Livingston, NJ	CHARITABLE	$15,000
RACHEL FOUNDATION Watchung, NJ	CHARITABLE	$10,000
ST PHILOMENAS CHURCH Livingston, NJ	CHARITABLE	$8,000
CFBNJ Hillside, NJ	CHARITABLE	$2,500
MARINE TOYS FOR TOTS FOUND Triangle, VA	CHARITABLE	$2,500
SETON HALL PREP West Orange, NJ	CHARITABLE	$2,500
POPCORN FOR PEOPLE Piscataway, NJ	CHARITABLE	$1,000
NEMOURS CHILDREN Wilmington, DE	CHARITABLE	$1,000
GREATER NEWARK HOLIDAY FD Newark, NJ	CHARITABLE	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Joan Alberto	President	0.5	—
Steve Alberto	VP	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Alberto Foundation?

The Alberto Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MONTGOMERY, NY. It holds $719K in total assets as of 2024.

How large is The Alberto Foundation?

As of 2024, The Alberto Foundation holds $719K in total assets with $62K in annual revenue. It awarded 14 grants totaling $60K in 2024.

Where does The Alberto Foundation operate?

The Alberto Foundation has awarded grants in Delaware, New Jersey, Virginia.

What size grants does The Alberto Foundation award?

In 2024, The Alberto Foundation awarded 14 grants totaling $60K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is The Alberto Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Alberto Foundation reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.