The Patrick and Mary Ferro Foundation
The Patrick and Mary Ferro Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JUPITER, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $479K in total assets. In 2024, it awarded 4 grants totaling $22K. Net investment income was $8K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$479K
+12.0% YoY
Annual Giving
$22K
+12.8% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$6K
+41.0% YoY
Under IRS private-foundation payout rules, The Patrick and Mary Ferro Foundation reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
About The Patrick and Mary Ferro Foundation
Based on IRS filings
The Patrick and Mary Ferro Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JUPITER, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $479K in total assets. In 2024, it awarded 4 grants totaling $22K. Net investment income was $8K.
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 | $478,500 | $427,286 | $411,237 |
| Revenue | $46,623 | $7,459 | $15,599 |
| Expenses | $23,890 | $21,180 | $21,364 |
| Qualifying Distributions | $23,890 | $19,500 | $17,250 |
| Net Investment Income | $7,892 | $9,162 | $15,363 |
| Distributable Amount | $22,014 | $20,600 | $22,083 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jupiter Medical Center Foundation ($15,000), Tunnel to Towers Foundation ($3,500), St Jude Children's Research Hospital ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADELPHI UNIVERSITY MENS GOLF GARDEN CITY, NY | GENERAL SUPPORT | $1,000 |
| JUPITER MEDICAL CENTER FOUNDATION JUPITER, FL | SUPPORT TO SUSTAIN EXCELLENCE OF CARE AT JUPITER MEDICAL CENTER | $15,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN | GENERAL SUPPORT | $2,500 |
| TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY | GENERAL SUPPORT | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICK FERRO | DIRECTOR | 1 | — |
| MARY FERRO | DIRECTOR | 1 | — |
| MARC P FERRO | DIRECTOR | 1 | — |
| JENNIFER LESSIEU | DIRECTOR | 1 | — |
| MAREN TRIPOLITSIOTIS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Patrick and Mary Ferro Foundation?
The Patrick and Mary Ferro Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JUPITER, FL. It holds $479K in total assets as of 2024.
How large is The Patrick and Mary Ferro Foundation?
As of 2024, The Patrick and Mary Ferro Foundation holds $479K in total assets with $47K in annual revenue. It awarded 4 grants totaling $22K in 2024.
Where does The Patrick and Mary Ferro Foundation operate?
The Patrick and Mary Ferro Foundation has awarded grants in Arizona, California, Florida, New Jersey, New York, Tennessee, Virginia.
What size grants does The Patrick and Mary Ferro Foundation award?
In 2024, The Patrick and Mary Ferro Foundation awarded 4 grants totaling $22K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Patrick and Mary Ferro Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Patrick and Mary Ferro Foundation reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Patrick and Mary Ferro Foundation's EIN?
The Patrick and Mary Ferro Foundation's EIN (Employer Identification Number) is 26-0271538. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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