The Michael and Jacqueline Ferro Family

Foundation · Grantmaker Pennington, NJ EIN: 20-5520747

The Michael and Jacqueline Ferro Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Key facts about The Michael and Jacqueline Ferro Family

EIN: 20-5520747
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $125,684
Grants made (2024): 3
Average grant: $41,895
Median grant: $47,500
Total assets: $2,650,783
Primary geography: New York (51% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Michael and Jacqueline Ferro Family funds

By grant dollars, the top recipient states for The Michael and Jacqueline Ferro Family's 3 itemized 2024 grants were New York (51%), California (38%) and Illinois (11%). 100% of grants with a stated purpose were for general or operating support.

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.

Next steps with The Michael and Jacqueline Ferro Family

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

-0.5% YoY

Annual Giving

$126K

+9.7% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$42K

-26.9% YoY

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.

About The Michael and Jacqueline Ferro Family

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $64K (51%)

California $48K (38%)

Illinois $14K (11%)

Share of all 3 itemized 2024 grant dollars.

States

California Florida Georgia Illinois New York

Cities

ChicagoAtlantaNew YorkHarveySkokieUrbanaPalm BeachSanta MonicaStuart

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,650,783	$2,664,485	$2,605,572
Revenue	$136,982	$199,158	$73,944
Expenses	$150,684	$140,245	$185,632
Qualifying Distributions	$127,209	$117,625	$164,525
Net Investment Income	$40,010	$47,642	$7,651
Distributable Amount	$141,354	$135,839	$139,097

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include DKMS ($64,184), Prostate Cancer Foundation ($47,500), Boys & Girls Clubs of Chicago ($14,000).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Michael Ferro	President	2	—
Jacqueline Ferro	Vice President	2	—
Edward W Landon	Director	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Michael and Jacqueline Ferro Family?

The Michael and Jacqueline Ferro Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pennington, NJ. It holds $2.7M in total assets as of 2024.

How large is The Michael and Jacqueline Ferro Family?

As of 2024, The Michael and Jacqueline Ferro Family holds $2.7M in total assets with $137K in annual revenue. It awarded 3 grants totaling $126K in 2024.

Where does The Michael and Jacqueline Ferro Family operate?

The Michael and Jacqueline Ferro Family has awarded grants in California, Florida, Georgia, Illinois, New York.

What size grants does The Michael and Jacqueline Ferro Family award?

In 2024, The Michael and Jacqueline Ferro Family awarded 3 grants totaling $126K — an average of about $42K per grant, based on its IRS Form 990 filings.

How much is The Michael and Jacqueline Ferro Family required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael and Jacqueline Ferro Family reported a distributable amount of $141K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.