The Patrick and Mary Ferro Foundation
The Patrick and Mary Ferro Foundation is a private foundation, 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.
The Patrick and Mary Ferro Foundation at a glance
In short: The Patrick and Mary Ferro Foundation gave $22K across 4 grants in 2024 (avg $6K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,000
- +12.8% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $5,500
- +41.0% vs 2023
- Median grant
- $3,000
- Total assets
- $478,500
- +12.0% vs 2023
- Primary geography
- Florida (68% 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 Patrick and Mary Ferro Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Jupiter Medical Center Foundation ($15K). Together the top 4 received $22K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Patrick and Mary Ferro Foundation gives
- Giving held roughly steady from 2021 to 2024 (−1%). Method
- In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). 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 $17K (2022) to $22K (2021). In 2024 it made 4 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jupiter Medical Center Foundation Jupiter, FL | Support to sustain excellence of care at jupiter medical center | $15,000 |
| Tunnel to Towers Foundation Staten Island, NY | General Support | $3,500 |
| St Jude Children's Research Hospital Memphis, TN | General Support | $2,500 |
| Adelphi University Mens Golf Garden City, NY | General Support | $1,000 |
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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 | $478,500 | $46,623 | $23,890 | $22,000 | 4 | $23,890 | $7,892 | $22,014 |
| 2023 | $427,286 | $7,459 | $21,180 | $19,500 | 5 | $19,500 | $9,162 | $20,600 |
| 2022 | $411,237 | $15,599 | $21,364 | $17,250 | 6 | $17,250 | $15,363 | $22,083 |
| 2021 | $517,885 | $85,676 | $23,661 | $22,250 | 4 | $22,250 | $85,615 | $24,450 |
| 2020 | $502,931 | $9,016 | $23,708 | $21,500 | 5 | — | $8,780 | $22,270 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Patrick and Mary Ferro Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jennifer Lessieu
Director
On filings since 2020
1 hr/week
No compensation reported
Marc P. Ferro
Director
On filings since 2020
1 hr/week
No compensation reported
Maren Tripolitsiotis
Director
On filings since 2020
1 hr/week
No compensation reported
Mary Ferro
Director
On filings since 2020
1 hr/week
No compensation reported
Patrick Ferro
Director
On filings since 2020
1 hr/week
No compensation reported
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 Patrick and Mary Ferro Foundation
How much does The Patrick and Mary Ferro Foundation give each year?
The Patrick and Mary Ferro Foundation gave $22K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $20K across 5 grants.
What is The Patrick and Mary Ferro Foundation's typical grant size?
The Patrick and Mary Ferro Foundation's median grant in 2024 was $3,000, and its average grant was $5,500, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Patrick and Mary Ferro Foundation give grants?
The Patrick and Mary Ferro Foundation gives mostly in Florida: 68% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (20%) and Tennessee (11%).
Does The Patrick and Mary Ferro Foundation give general operating support?
Yes: 75% of The Patrick and Mary Ferro Foundation's 2024 grants with a stated purpose (3 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Patrick and Mary Ferro Foundation?
The Patrick and Mary Ferro Foundation reported $479K in total assets on its 2024 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
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.
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 Patrick and Mary Ferro Foundation funds
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