The Fruscione Foundation is a private foundation focused on Education, based in TRENTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 6 grants totaling $151K. Net investment income was $42K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-34.9% YoY
Annual Giving
$151K
+21.1% YoY
Grant Count
6
-50.0% YoY
Avg Grant Size
$25K
+142.2% YoY
Under IRS private-foundation payout rules, The Fruscione Foundation reported a distributable amount of $103K for 2024 — the minimum it must pay out in qualifying distributions.
About The Fruscione Foundation
Based on IRS filings
The Fruscione Foundation is a private foundation focused on Education, based in TRENTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 6 grants totaling $151K. Net investment income was $42K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,253,936 | $1,925,343 | $1,677,825 |
| Revenue | $7,278 | $78,280 | $341,178 |
| Expenses | $163,913 | $138,049 | $188,781 |
| Qualifying Distributions | $151,375 | $125,000 | $179,654 |
| Net Investment Income | $42,085 | $44,827 | $212,400 |
| Distributable Amount | $102,935 | $88,105 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stuart Country Day School ($110,000), Princeton Academy of the Scared Heart ($15,000), Notre Dame High School ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STUART COUNTRY DAY SCHOOL PRINCETON, NJ | EDUCATION | $110,000 |
| Princeton Academy of the Scared Heart Princeton, NJ | Education | $15,000 |
| Notre Dame High School Lawrence Township, NJ | Education | $10,000 |
| Memorial Sloan Kettering New York, NY | Medical Research | $5,000 |
| Vail Mountain School Vail, CO | Scholarship | $8,875 |
| Catholic Academy at Bridgeport Bridgeport, CT | Education | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MS ANGELA FRUSCIONE | Treasurer | — | — |
| MR SA FRUSCIONE | Trustee | — | — |
| MR MRS J HEDDEN | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Fruscione Foundation?
The Fruscione Foundation is a private foundation focused on Education, based in TRENTON, NJ. It holds $1.3M in total assets as of 2024.
How large is The Fruscione Foundation?
As of 2024, The Fruscione Foundation holds $1.3M in total assets with $7K in annual revenue. It awarded 6 grants totaling $151K in 2024.
Where does The Fruscione Foundation operate?
The Fruscione Foundation has awarded grants in Colorado, Connecticut, Florida, Massachusetts, New Jersey, New York, Pennsylvania.
What size grants does The Fruscione Foundation award?
In 2024, The Fruscione Foundation awarded 6 grants totaling $151K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is The Fruscione Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Fruscione Foundation reported a distributable amount of $103K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Fruscione Foundation's EIN?
The Fruscione Foundation's EIN (Employer Identification Number) is 22-2725198. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Fruscione 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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