The Patrick and Mary Ferro Foundation

Private foundation · Grantmaker Jupiter, FL EIN: 26-0271538

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

Jupiter Medical Center Foundation: $15KJupiter Medical CenterFoundation$15KTunnel to Towers Foundation: $4KTunnel to Towers Foundation$4KSt Jude Children's Research Hospital: $3KSt Jude Children's ResearchHospital$3KAdelphi University Mens Golf: $1KAdelphi University Mens Golf$1K

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

24<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 24 grants of 24 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

JupiterMemphisWest Palm BeachGarden CityNew YorkStaten IslandArlingtonBeverly HillsEdisonNew ProvidencePalm BeachPhoenix

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

$0$10K$20K$30K5 grants2020 4 grants2021 6 grants2022 5 grants2023 4 grants2024

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

RecipientPurposeAmount
Jupiter Medical Center Foundation Jupiter, FLSupport to sustain excellence of care at jupiter medical center$15,000
Tunnel to Towers Foundation Staten Island, NYGeneral Support$3,500
St Jude Children's Research Hospital Memphis, TNGeneral Support$2,500
Adelphi University Mens Golf Garden City, NYGeneral Support$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$478,500$46,623$23,890$22,0004$23,890$7,892$22,014
2023$427,286$7,459$21,180$19,5005$19,500$9,162$20,600
2022$411,237$15,599$21,364$17,2506$17,250$15,363$22,083
2021$517,885$85,676$23,661$22,2504$22,250$85,615$24,450
2020$502,931$9,016$23,708$21,5005—$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

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Patrick and Mary Ferro Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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