The Michael and Jacqueline Ferro Family
The Michael and Jacqueline Ferro Family is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 3 grants totaling $126K. Net investment income was $40K.
The Michael and Jacqueline Ferro Family at a glance
In short: The Michael and Jacqueline Ferro Family gave $126K across 3 grants in 2024 (avg $42K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $125,684
- +9.7% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $41,895
- -26.9% vs 2023
- Median grant
- $47,500
- Total assets
- $2,650,783
- -0.5% vs 2023
- Primary geography
- New York (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Michael and Jacqueline Ferro Family funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was DKMS ($64K). Together the top 3 received $126K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 23 grants of 30 (77%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Michael and Jacqueline Ferro Family gives
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $115K (2023) to $165K (2021). In 2024 it made 3 grants totaling $126K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| DKMS New York, NY | General Support | $64,184 |
| Prostate Cancer Foundation Santa Monica, CA | General Support | $47,500 |
| Boys & Girls Clubs of Chicago Chicago, IL | General Support | $14,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,650,783 | $136,982 | $150,684 | $125,684 | 3 | $127,209 | $40,010 | $141,354 |
| 2023 | $2,664,485 | $199,158 | $140,245 | $114,600 | 2 | $117,625 | $47,642 | $135,839 |
| 2022 | $2,605,572 | $73,944 | $185,632 | $162,500 | 6 | $164,525 | $7,651 | $139,097 |
| 2021 | $2,717,260 | $55,608 | $189,679 | $164,881 | 7 | $167,656 | — | $147,549 |
| 2020 | $2,851,331 | $91,729 | $151,884 | $128,052 | 12 | — | $4,135 | $143,350 |
Under IRS private-foundation payout rules, The Michael and Jacqueline Ferro Family reported a distributable amount of $141K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Michael and Jacqueline Ferro Family is led by Michael Ferro, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Ferro
President
On filings since 2020
2 hrs/week
No compensation reported
Edward W. Landon
Director
On filings since 2023
2 hrs/week
No compensation reported
Jacqueline Ferro
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Former officers (1)
- Former: Bruce White (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Michael and Jacqueline Ferro Family
How much does The Michael and Jacqueline Ferro Family give each year?
The Michael and Jacqueline Ferro Family gave $126K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $115K across 2 grants.
What is The Michael and Jacqueline Ferro Family's typical grant size?
The Michael and Jacqueline Ferro Family's median grant in 2024 was $47,500, and its average grant was $41,895, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Michael and Jacqueline Ferro Family give grants?
The Michael and Jacqueline Ferro Family gives mostly in New York: 51% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (38%) and Illinois (11%).
Does The Michael and Jacqueline Ferro Family give general operating support?
Yes: 100% of The Michael and Jacqueline Ferro Family's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Michael and Jacqueline Ferro Family?
The Michael and Jacqueline Ferro Family reported $2.7M in total assets on its 2024 IRS Form 990-PF. It paid out $127K in qualifying distributions that year, against a required minimum of $141K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Michael and Jacqueline Ferro Family's EIN?
The Michael and Jacqueline Ferro Family's EIN (Employer Identification Number) is 20-5520747. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Michael and Jacqueline Ferro Family funds
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