The James & Loretta Colotto Foundation

HACKENSACK, NJ EIN: 22-3769926

The James & Loretta Colotto Foundation is a private independent foundation based in Hackensack, New Jersey. Designated as a 501(c)(3) organization, the foundation operates as a grantmaking entity focused on supporting charitable causes through philanthropic contributions to other tax-exempt organizations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.3M

-4.2% YoY

Annual Giving

$272K

-8.9% YoY

Grant Count

-2.5% YoY

Avg Grant Size

$7K

-6.6% YoY

Under IRS private-foundation payout rules, The James & Loretta Colotto Foundation reported a distributable amount of $184K 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's primary funding priorities include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Community Health
Health and Medical Services
Health and Wellness

Grantmaking

The foundation does not currently maintain active grant opportunities for prospective applicants.

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Geographic Focus

Where this funder awards grants

The foundation primarily directs its grantmaking toward organizations in:

New Jersey
New York
Maryland

Grant Distribution by State

New Jersey $743K (57%)

Maryland $157K (12%)

New York $139K (11%)

Illinois $106K (8%)

District of Columbia $28K (2%)

Pennsylvania $28K (2%)

Virginia $27K (2%)

Missouri $20K (2%)

+5 more states

States

Alabama Connecticut District of Columbia Florida Illinois Maryland Missouri Mississippi New Jersey New York Pennsylvania Virginia Wisconsin

Cities

AlexandriaBaltimoreBedford HillsBridgeportBronxBrooklynCherry ValleyChicagoConvent StationDenvilleElizabethEmmitsburgEnglewoodFort LeeHuntingdon ValleyJersey CityKansas CityKey WestMadisonMahwah

Financial History

Multi-year comparison from IRS filings

Total Assets: $2,324,258 (most recent filing)

Total Assets (2023): $2.43 million

Total Liabilities (2023): $85,100

Annual Revenue (2023): $194,000

Annual Expenses (2023): $390,000

Tax-Exempt Status: The foundation has maintained tax-exempt status since April 2001.

EIN: 22-3769926

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,324,258	$2,426,500	$2,620,081
Revenue	$270,702	$193,627	$304,144
Expenses	$366,881	$390,340	$389,152
Qualifying Distributions	$317,330	$342,810	$338,905
Net Investment Income	$241,300	$164,880	$273,950
Distributable Amount	$183,640	$183,981	$213,471

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

192 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Renew International ($25,000), Mercy Home for Boys Girls ($20,000), Ewuaso Kedong Catholic Church ($20,000).

Recipient	Purpose	Amount
ST PAUL APOSTLE CHURCH JERSEY CITY, NJ	GENERAL USE	$2,500
MERCY HOME FOR BOYS GIRLS CHICAGO, IL	GENERAL USE	$20,000
ST CECILIA ROMAN CATHOLIC CHRC ENGLEWOOD, NJ	GENERAL USE	$10,000
OUR LADY OF CZESTOCHOWA CHURCH JERSEY CITY, NJ	GENERAL USE	$4,000
SMA FATHERS TENAFLY, NJ	GENERAL USE	$12,000
TRINITY MISSIONS SILVER SPRINGS, MD	GENERAL USE	$5,000
MOUNT ST MARY'S SEMINARY EMMITSBURG, MD	GENERAL USE	$5,000
RENEW INTERNATIONAL PLAINFIELD, NJ	GENERAL USE	$25,000
CATHOLIC CHARITIES TRENTON, NJ	GENERAL USE	$5,000
MT CARMEL TRENTON, NJ	GENERAL USE	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL GILMARTIN	Secretary	3	$24,502
PETER G BOWEN	President	3	$24,502
MICHAEL SCICUTELLA	Vice President	3	$24,502

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The James & Loretta Colotto Foundation fund?

The foundation's primary funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Community Health • Health and Medical Services • Health and Wellness

How do I apply for a grant from The James & Loretta Colotto Foundation?

**Grant Amounts:** Typical awards range from $500 to $30,000. **Recent Giving Activity:** The foundation distributed $271,500 in total giving based on recent IRS Form 990 filings, with $298,100 in giving reported in another filing period. The foundation does not currently maintain active grant opportunities for prospective applicants.

Where does The James & Loretta Colotto Foundation make grants?

The foundation primarily directs its grantmaking toward organizations in: • New Jersey • New York • Maryland

What size grants does The James & Loretta Colotto Foundation award?

In 2024, The James & Loretta Colotto Foundation awarded 39 grants totaling $272K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is The James & Loretta Colotto Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The James & Loretta Colotto Foundation reported a distributable amount of $184K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The James & Loretta Colotto Foundation's EIN?

The James & Loretta Colotto Foundation's EIN (Employer Identification Number) is 22-3769926. IRS Form 990 filing data is available on this page for 2020–2024.