The Patrick & Patricia Passarelle
The Patrick & Patricia Passarelle is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hillsboro Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 10 grants totaling $60K. Net investment income was $137K.
Key facts about The Patrick & Patricia Passarelle
- EIN
- 47-4689024
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $59,850
- Grants made (2024)
- 10
- Average grant
- $5,985
- Median grant
- $2,500
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2024)
- Total assets
- $2,330,419
- Primary geography
- North Carolina (70% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Patrick & Patricia Passarelle funds
By grant dollars, the top recipient states for The Patrick & Patricia Passarelle's 10 itemized 2024 grants were North Carolina (70%) and Florida (23%). The most frequent recipient cities were Waynesville, NC (3 grants). None of its 10 grants with a stated purpose were described as general or operating support.
Is The Patrick & Patricia Passarelle open to new grantees?
20%
first-time grantees, 2024
In 2024, 2 of 10 grantees (20%) were first-time recipients. First grants averaged $1K; repeat grants $7K. How we count
Medians: $1K first-time, $5K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving fell 60% from 2021 to 2024. Method
- In 2024 it paid out 71% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Patrick & Patricia Passarelle
- How to evaluate The Patrick & Patricia Passarelle as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+7.0% YoY
Annual Giving
$60K
-26.1% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$6K
-26.1% YoY
Under IRS private-foundation payout rules, The Patrick & Patricia Passarelle reported a distributable amount of $107K for 2024 — the minimum it must pay out in qualifying distributions.
About The Patrick & Patricia Passarelle
Based on IRS filings
The Patrick & Patricia Passarelle is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hillsboro Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 10 grants totaling $60K. Net investment income was $137K.
Focus Areas
Ready to take the next step with The Patrick & Patricia Passarelle?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,330,419 | $2,177,475 | $2,137,874 |
| Revenue | $248,812 | $160,173 | $-167,499 |
| Expenses | $97,775 | $118,141 | $182,213 |
| Qualifying Distributions | $76,100 | $81,040 | $145,590 |
| Net Investment Income | $137,123 | $77,133 | — |
| Distributable Amount | $106,777 | $101,320 | $112,136 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Brothers Wolf Animal Rescue ($25,000), Sarge's Animal Rescue Foundation ($9,500), Assumption Catholic Church ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BROTHERS WOLF ANIMAL RESCUE Asheville, NC | ANIMAL RESCUE | $25,000 |
| SARGE'S ANIMAL RESCUE FOUNDATION Waynesville, NC | SAVE ANIMALS FROM EUTHANASIA | $9,500 |
| ASSUMPTION CATHOLIC CHURCH Lauderdale by TH Sea, FL | CHURCH SUPPORT | $9,000 |
| FELINE URGENT RESCUE OF WESTERN NORTH CAROLINA Waynesville, NC | TO ASSIST NEEDS OF HOMELESS CATS | $7,500 |
| LADY LUCK ANIMAL RESCUE INC Pompano Beach, FL | ANIMAL RESCUE | $2,500 |
| MAKE A WISH FOUNDATION Phoenix, AZ | ASSIST CHILDREN WITH LIFE THREATENING ILLNESS | $2,500 |
| ROAD DOGS & RESCUE Lomita, CA | RESCUE AND PLACEMENT OF ABUSED CANINES | $1,750 |
| ST VINCENT DE PAUL West Palm Beach, FL | CHURCH SUPPORT | $1,000 |
| TRICOUNTY HUMANE SOCIETY Boca Raton, FL | ANIMAL RESCUE SERVICE | $1,000 |
| HAYWOOD COUNTY RESCUE SQUAD INC Waynesville, NC | BACKUP PREHOSPITAL EMERGENCY CARE | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Patrick Passarelle | Director | 1 | — |
| Patricia Passarelle | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Patrick & Patricia Passarelle?
The Patrick & Patricia Passarelle is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hillsboro Beach, FL. It holds $2.3M in total assets as of 2024.
How large is The Patrick & Patricia Passarelle?
As of 2024, The Patrick & Patricia Passarelle holds $2.3M in total assets with $249K in annual revenue. It awarded 10 grants totaling $60K in 2024.
Where does The Patrick & Patricia Passarelle operate?
The Patrick & Patricia Passarelle has awarded grants in Arizona, California, District of Columbia, Florida, Georgia, Iowa, Kentucky, Louisiana, Massachusetts, North Carolina, New York, Tennessee, Texas, Virginia.
What size grants does The Patrick & Patricia Passarelle award?
In 2024, The Patrick & Patricia Passarelle awarded 10 grants totaling $60K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Patrick & Patricia Passarelle required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Patrick & Patricia Passarelle reported a distributable amount of $107K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Patrick & Patricia Passarelle's EIN?
The Patrick & Patricia Passarelle's EIN (Employer Identification Number) is 47-4689024. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.