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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$719K
+8.6% YoY
Annual Giving
$60K
+20.0% YoY
Grant Count
14
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 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 |
| RACHEL FOUNDATION Watchung, NJ | CHARITABLE | $10,000 |
| ST BARNABUS MEDICAL CTR Livingston, NJ | CHARITABLE | $15,000 |
| ST PHILOMENAS CHURCH Livingston, NJ | CHARITABLE | $8,000 |
| GREATER NEWARK HOLIDAY FD Newark, NJ | CHARITABLE | $500 |
| CFBNJ Hillside, NJ | CHARITABLE | $2,500 |
| MARINE TOYS FOR TOTS FOUND Triangle, VA | CHARITABLE | $2,500 |
| KESSLER FOUNDATION East Hanover, NJ | CHARITABLE | $500 |
| SETON HALL PREP West Orange, NJ | CHARITABLE | $2,500 |
| CONVENANT HOUSE Newark, NJ | CHARITABLE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOAN ALBERTO | PRESIDENT | 0.5 | — |
| STEVE ALBERTO | VP | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
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.
What is The Alberto Foundation's EIN?
The Alberto Foundation's EIN (Employer Identification Number) is 13-3919996. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Alberto Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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