The Paternotte Family Foundation Inc
The Paternotte Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 7 grants totaling $128K. Net investment income was $536K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+70.5% YoY
Annual Giving
$128K
+60.0% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$18K
+60.0% YoY
Under IRS private-foundation payout rules, The Paternotte Family Foundation Inc reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About The Paternotte Family Foundation Inc
Based on IRS filings
The Paternotte Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 7 grants totaling $128K. Net investment income was $536K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,020,291 | $598,477 | $652,980 |
| Revenue | $1,013,436 | $86,547 | $132,168 |
| Expenses | $134,482 | $85,293 | $51,565 |
| Qualifying Distributions | $129,475 | $81,375 | $47,375 |
| Net Investment Income | $536,378 | $21,599 | $14,504 |
| Distributable Amount | $53,032 | $37,933 | $36,633 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Gilman School ($50,000), Little Peaks Preschool & Early Childhood Center ($25,000), Adirondack Land Trust ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADIRONDACK LAND TRUST KEENE, NY | UNRESTRICTED DONATION | $20,000 |
| AUSABLE CLUB PRESERVATION FOUNDATION ST HUBERTS, NY | UNRESTRICTED DONATION | $7,000 |
| LITTLE PEAKS PRESCHOOL & EARLY CHILDHOOD CENTER KEENE, NY | SCHOLARSHIP FUND | $25,000 |
| MISS HALLS SCHOOL PITTSFIELD, MA | UNRESTRICTED DONATION | $10,000 |
| THE SHEPPARD AND ENOCH PRATT FOUNDATION TOWSON, MD | UNRESTRICTED DONATION | $6,000 |
| THE WALTERS ART MUSEUM BALTIMORE, MD | UNRESTRICTED DONATION | $10,000 |
| GILMAN SCHOOL BALTIMORE, MD | UNRESTRICTED DONATION | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM PATERNOTTE | PRESIDENT | — | — |
| NANCY PATERNOTTE | VICE-PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Paternotte Family Foundation Inc?
The Paternotte Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. It holds $1.0M in total assets as of 2024.
How large is The Paternotte Family Foundation Inc?
As of 2024, The Paternotte Family Foundation Inc holds $1.0M in total assets with $1.0M in annual revenue. It awarded 7 grants totaling $128K in 2024.
Where does The Paternotte Family Foundation Inc operate?
The Paternotte Family Foundation Inc has awarded grants in Massachusetts, Maryland, New Jersey, New York.
What size grants does The Paternotte Family Foundation Inc award?
In 2024, The Paternotte Family Foundation Inc awarded 7 grants totaling $128K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Paternotte Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Paternotte Family Foundation Inc reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Paternotte Family Foundation Inc's EIN?
The Paternotte Family Foundation Inc's EIN (Employer Identification Number) is 52-2101017. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Paternotte Family Foundation Inc'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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