The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust
The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRICK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 10 grants totaling $283K. Net investment income was $295K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.3M
+174.8% YoY
Annual Giving
$283K
-37.6% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$28K
-37.6% YoY
Under IRS private-foundation payout rules, The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust reported a distributable amount of $233K for 2024 — the minimum it must pay out in qualifying distributions.
About The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust
Based on IRS filings
The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRICK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 10 grants totaling $283K. Net investment income was $295K.
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 | $6,312,878 | $2,297,521 | $2,499,622 |
| Revenue | $241,135 | $271,717 | $315,533 |
| Expenses | $384,591 | $488,702 | $395,816 |
| Qualifying Distributions | $282,500 | $452,500 | $375,116 |
| Net Investment Income | $295,270 | $250,041 | $142,305 |
| Distributable Amount | $233,387 | $122,336 | $140,514 |
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
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Toms River Regional School District ($75,000), Point Boro High School ($25,000), Pt Pleasant Bd of Ed ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| POINT BORO HIGH SCHOOL POINT PLEASANT, NJ | SCHOLARSHIPCOMMITTEE | $25,000 |
| PT PLEASANT BD OF ED POINT PLEASANT BEACH, NJ | SCHOLARSHIPCOMMITTEE | $25,000 |
| BRICK MEMORIAL HIGH SCHOOL BRICK, NJ | SCHOLARSHIPCOMMITTEE | $25,000 |
| BRICK HIGH SCHOOL BRICK, NJ | SCHOLARSHIPCOMMITTEE | $25,000 |
| DONOVAN CATHOLIC TOMS RIVER, NJ | SCHOLARSHIPCOMMITTEE | $25,000 |
| CENTRAL REGIONAL BAYVILLE, NJ | SCHOLARSHIPCOMMITTEE | $25,000 |
| TOMS RIVER REGIONAL SCHOOL DISTRICT TOMS RIVER, NJ | SCHOLARSHIPCOMMITTEE | $75,000 |
| MANASQUAN HIGH SCHOOL MANASQUAN, NJ | SCHOLARSHIPCOMMITTE | $25,000 |
| ST ROSE BELMAR, NJ | SCHOLARSHIP COMMITTE | $25,000 |
| INDIVIDUAL SCHOLARSHIPS BRICK, NJ | SCHOLARSHIP COMMITTEE | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOANN M GORDON | TRUSTEE | 1 | $5,000 |
| DR MICHAEL LEPIS | TRUSTEE | 1 | $7,800 |
| MARI ANN PEPE | TRUSTEE | 5 | $7,800 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust?
The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRICK, NJ. It holds $6.3M in total assets as of 2024.
How large is The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust?
As of 2024, The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust holds $6.3M in total assets with $241K in annual revenue. It awarded 10 grants totaling $283K in 2024.
Where does The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust operate?
The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust has awarded grants in New Jersey.
What size grants does The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust award?
In 2024, The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust awarded 10 grants totaling $283K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust reported a distributable amount of $233K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust's EIN?
The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust's EIN (Employer Identification Number) is 22-3696654. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Joseph Mazzarella & Grace Mazzarella Educational Foundation Trust'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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