The Michele & Agnese Cestone Foundation
The Michele & Agnese Cestone Foundation is a private foundation established in 1990 and based in Pennington, New Jersey. The foundation operates as a 501(c)(3) exempt organization dedicated to philanthropic grantmaking with a primary focus on animal welfare and care.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.5M
-0.3% YoY
Annual Giving
$861K
-12.8% YoY
Grant Count
35
-7.9% YoY
Avg Grant Size
$25K
-5.3% YoY
Mission & Focus Areas
The foundation's stated purpose is giving primarily for the care and welfare of animals. The foundation supports organizations working in animal rescue, animal medical services, and related animal welfare initiatives.
Grantmaking
The foundation distributes approximately $860,500 to $974,000 annually. Typical grant awards range from $795 to $457,000, with recent grants including:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, New Jersey, and Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (as of 2023)
- Total Assets: $11,512,615 to $11,549,053
- Total Annual Giving: $860,500 to $974,067
- Total Expenses: $1,216,592
- Total Liabilities: $50,000
The foundation maintains a strong asset base and consistent annual giving capacity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,512,615 | $11,549,053 | $11,777,155 |
| Revenue | $999,514 | $974,067 | $536,794 |
| Expenses | $1,035,952 | $1,216,592 | $1,486,088 |
| Qualifying Distributions | $946,860 | $1,124,505 | $1,405,298 |
| Net Investment Income | $835,257 | $375,872 | $306,107 |
| Distributable Amount | $792,835 | $681,570 | $715,541 |
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
195 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Michele Cestone serves as President of the foundation with an annual compensation of $75,000.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELE J CESTONE | TRUSTEE & PRESIDENT | 35 | $75,000 |
| MARIA A CESTONE ESQUIRE | TRUSTEE & SECRETARY | 1 | $750 |
| DENNIS BAILEY | TRUSTEE | 1 | $750 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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—
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Stephen J Machuta Scholarship Trust
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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