The Frederick a Deluca Foundation Inc
The Frederick A. DeLuca Foundation is a private foundation established in 1997 by the late Frederick DeLuca, co-founder of the global SUBWAY® restaurant chain. Based in Pompano Beach, Florida, the foundation operates as a 501(c)(3) tax-exempt organization dedicated to providing youth and adults with tools to achieve independence and self-sufficiency.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$720.2M
+3.8% YoY
Annual Giving
$45.2M
-7.0% YoY
Grant Count
84
-25.0% YoY
Avg Grant Size
$538K
+24.0% YoY
Mission & Focus Areas
The foundation's vision is "a future where each person has the opportunity to thrive." The organization believes in the power of education as a common thread connecting all of its impact efforts.
The foundation focuses on the following priority areas:
- Youth & Families — Supporting leadership development, mentorship, skills training, and family strengthening and preservation
- Economic Mobility — Removing barriers to economic mobility and providing opportunities for long-term self-sufficiency
- Workforce Development — Expansion of youth force programs and collective employment for adults with intellectual and developmental disabilities
- Health — Supporting health awareness initiatives
- Nurses & Allied Health Workers — Dedicated support for nursing and allied health professions
- Arts — Supporting artistic experiences
- Strategically Responsive — Flexible grantmaking to address emerging community needs
Grantmaking
The foundation made 149 grants in 2024, with total grant distributions of approximately $39 million. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
The foundation's impact has evolved over time. Originally providing educational scholarship opportunities and grants to community-based organizations in Connecticut, the foundation's geographic focus has broadened to support programs throughout South Florida, with particular emphasis on Miami-Dade, Broward, and Palm Beach counties in Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $720,235,139
- Total Revenues: $77,312,458
- Total Expenses: $50,939,111
- Number of Employees: 5
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $720,235,139 | $693,972,666 | $714,764,268 |
| Revenue | $77,312,458 | $35,207,246 | $42,638,258 |
| Expenses | $50,939,111 | $56,109,722 | $52,376,802 |
| Qualifying Distributions | $53,198,725 | $51,495,243 | $65,332,931 |
| Net Investment Income | $67,571,029 | $25,608,767 | $31,142,181 |
| Distributable Amount | $37,135,902 | $34,710,256 | $37,440,098 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELISABETH DELUCA | PRESIDENT, SECRETARY, TREASURER | 5 | — |
| JONATHAN DELUCA | DIRECTOR | 1 | — |
| SUZANNE V GRECO | DIRECTOR | 0.25 | — |
Recent News & Activity
Recent developments and announcements
In February 2026, the Frederick A. DeLuca Foundation awarded an $8.4 million grant to the Community Foundation for Palm Beach and Martin Counties. This transformative three-year investment is designed to effectively double the Community Foundation's competitive grantmaking capacity over the next three years. The partnership reflects a shared commitment to equipping youth and adults with tools needed to achieve independence and long-term self-sufficiency, with grantmaking priorities focused on Youth and Families and Economic Opportunity initiatives.
Frederick A. DeLuca Foundation Awards $8.4 Million Grant to the CommunitySubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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