The Cestone Family Foundation Inc

PENNINGTON, NJ EIN: 22-6703196

The Cestone Family Foundation Inc is a private foundation established in 1997 and based in Pennington, New Jersey. The foundation operates as a family foundation with a focus on philanthropic giving across multiple sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.1M

-0.9% YoY

Annual Giving

$706K

+30.6% YoY

Grant Count

-17.4% YoY

Avg Grant Size

$37K

+58.1% YoY

Under IRS private-foundation payout rules, The Cestone Family Foundation Inc reported a distributable amount of $507K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports arts, education, health, religion, and social services on the East Coast of the United States.

Grantmaking

The foundation is an active grantmaker with recent grants including:

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Geographic Focus

Where this funder awards grants

The foundation prioritizes funding on the East Coast of the United States, with a particular presence in New Jersey and New York based on recent grant activity.

Grant Distribution by State

New Jersey $883K (35%)

New York $813K (32%)

Virginia $426K (17%)

Pennsylvania $349K (14%)

California $40K (2%)

District of Columbia $25K (1%)

States

California District of Columbia New Jersey New York Pennsylvania Virginia

Cities

AstoriaAugustaBaysideBronxBrooklynBuffaloCaldwellClintonDuquesneEast HanoverEnglewoodFalls ChurchFlemingtonGlen MillsHobokenJenkintownLivingstonLos AngelesMaywoodMechanicsburg

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total assets: $8,070,304
Total revenues: $776,237
Total expenses: $849,430
Number of employees: 1

As of 2023:

Total assets: $8,143,497
Total giving: $540,500

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,070,304	$8,143,497	$8,660,977
Revenue	$776,237	$190,689	$641,194
Expenses	$849,430	$709,742	$674,743
Qualifying Distributions	$788,850	$654,271	$609,513
Net Investment Income	$671,913	$154,410	$535,938
Distributable Amount	$507,109	$450,115	$461,151

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

145 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Tahirih Justice Center ($200,000), Nyu Langone ($100,000), Mount Saint Dominic Academy ($50,000).

Recipient	Purpose	Amount
AMERICAN MUSEUM OF NATURAL HISTORY NEW YORK, NY	DISCOVERY ROOM	$20,000
COMMUNITY MEDICAL CENTER FOUNDATION TOMS RIVER, NJ	2024 COMMUNITY MEDICAL CENTER OBSTETRIC SOLUTION	$10,000
EXPLORING THE ARTS INC ASTORIA, NY	ARTS INTERNSHIP PROGRAM	$35,000
GREAT SWAMP WATERSHED ASSOCIATION NEW VERNON, NJ	GENERAL OPERATING SUPPORT	$25,000
HUNTERDON ART MUSEUM CLINTON, NJ	CREATING SPACE FOR YOUNG ADULTS IN ART	$5,000
LACORDAIRE ACADEMY UPR MONTCLAIR, NJ	SCHOLARSHIPS	$6,000
LINCOLN CENTER FOR THE PERFORMING ARTS INC NEW YORK, NY	INTERNSHIP	$25,000
MOUNT SAINT DOMINIC ACADEMY CALDWELL, NJ	EDUCATIONAL OPPORTUNITIES FOR YOUNG WOMEN	$50,000
NEW YORK CITY BALLET NEW YORK, NY	EDUCATION AND PUBLIC PROGRAMS	$20,000
NYU LANGONE NEW YORK, NY	BREAST CANCER CENTER	$100,000

Leadership & Key People

Leadership team and compensation from IRS filings

Michele Cestone serves as President of the foundation with an annual compensation of $75,000.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARIA A CESTONE	PRESIDENT/DIRECTOR	1	—
MICHELE J CESTONE	TREASURER/DIRECTOR	35	$75,000

Contact Information

The foundation can be reached through Bank of America Private Bank at:

PO Box 1517, Pennington, NJ 08534-0681
Telephone: 646-855-1011

Frequently Asked Questions

What does The Cestone Family Foundation Inc fund?

The foundation supports arts, education, health, religion, and social services on the East Coast of the United States.

How do I apply for a grant from The Cestone Family Foundation Inc?

The foundation is an active grantmaker with recent grants including: • $200,000 to The Tahirih Justice Center for support of immigrant survivors of gender-based violence • $50,000 to Mount Saint Dominic Academy for educational opportunities for young women • $50,000 to New York-Presbyterian Fund for support of cancer services • $20,000 to Community Hope The foundation's total giving in recent years has been approximately $540,500 annually.

Where does The Cestone Family Foundation Inc make grants?

The foundation prioritizes funding on the East Coast of the United States, with a particular presence in New Jersey and New York based on recent grant activity.

What size grants does The Cestone Family Foundation Inc award?

In 2024, The Cestone Family Foundation Inc awarded 19 grants totaling $706K — an average of about $37K per grant, based on its IRS Form 990 filings.

How much is The Cestone Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cestone Family Foundation Inc reported a distributable amount of $507K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Cestone Family Foundation Inc's EIN?

The Cestone Family Foundation Inc's EIN (Employer Identification Number) is 22-6703196. IRS Form 990 filing data is available on this page for 2020–2024.