The Petrocelli Family Foundation
The Petrocelli Family Foundation, also known as the Attilio and Beverly Petrocelli Foundation, is a private non-operating foundation based in Great Neck, New York. Established in 2004, the foundation operates as an independent charitable organization with tax-exempt status since June 2005.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$31.5M
+13.8% YoY
Annual Giving
$1.3M
-21.0% YoY
Grant Count
32
+23.1% YoY
Avg Grant Size
$41K
-35.8% YoY
Under IRS private-foundation payout rules, The Petrocelli Family Foundation reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made 19 grants in 2023 and 22 grants total in that year.
Average Grant
amount and median grant amount data available but not specified in sources
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Massachusetts
- Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $31,516,852
- Total giving: $1,317,058
Assets & Revenue (2023):
- Total assets: $27,693,286
- Total revenues: $4,897,117
- Total expenses: $1,709,825
- Total grants, contributions, etc.: $1,693,400
Income (2024):
- Total income: $10,189,057
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $31,516,852 | $27,693,286 | $24,050,172 |
| Revenue | $7,919,069 | $4,897,117 | $2,640,386 |
| Expenses | $1,465,251 | $1,709,825 | $1,667,441 |
| Qualifying Distributions | $1,337,877 | $1,686,132 | $1,661,470 |
| Net Investment Income | $6,159,389 | $3,195,450 | $1,136,565 |
| Distributable Amount | $1,376,612 | $1,239,114 | $1,226,589 |
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
122 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwell Health Foundation ($1,020,200), Jupiter Medical Center Foundation ($200,000), United Jewish Appeal Federation of Jewish Philanthropies of Ny Inc ($16,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALERT ENGINE HOOK AND LADDER AND HOSE COMPANY NO ONE INC GREAT NECK, NY | CHARITABLE | $200 |
| ALZHEIMER'S DRUG DISCOVERY FOUNDATION NEW YORK, NY | CHARITABLE | $2,000 |
| ARCHBISHOP MOLLOY HIGH SCHOOL BRIARWOOD, NY | CHARITABLE - KEVIN GARLAN GOLF OUTING | $500 |
| BREAST CANCER RESEARCH FOUNDATION NEW YORK, NY | CHARITABLE - PINK PROMISED CAMPAIGN | $1,000 |
| COMMUNITY MAINSTREAMING ASSOCIATES INC WESTBURY, NY | CHARITABLE - SPECTOR 50TH GALA SPONSOR | $1,000 |
| CROHN'S & COLITIS FOUNDATION NEW YORK, NY | CHARITABLE | $1,000 |
| ENDOMETRIOSIS FOUNDATION OF AMERICA NEW YORK, NY | CHARITABLE | $1,000 |
| FRIENDS OF THE ISRAEL DEFENSE FORCES NEW YORK, NY | CHARITABLE | $2,500 |
| GOLD COAST ART CENTER GREAT NECK, NY | CHARITABLE | $10,000 |
| HADASSAH NASSAU ROCKVILLE CENTRE, NY | CHARITABLE | $500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key Contact:
- Michael Weinbaum (In Care of Name)
Donors:
- Attilio Petrocelli
- Beverly Petrocelli
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ATTILIO PETROCELLI | DIRECTOR | 1 | — |
| MICHAEL LAMORETTI | DIRECTOR | 1 | — |
| MELISSA WEINBAUM | DIRECTOR | 1 | — |
| MICHAEL J WEINBAUM | DIRECTOR | 1 | — |
| BRIANA R LAMORETTI | DIRECTOR | 1 | — |
| CAMRYN L WEINBAUM | DIRECTOR | 1 | — |
| VANESSA M LAMORETTI | DIRECTOR | 1 | — |
| JARED G WEINBAUM | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In February 2024, the Attilio and Beverly Petrocelli Surgical Pavilion officially opened to the public at North Shore University Hospital. The seven-story, 288,000-square-foot tower represents a decade-long project and part of a $560 million investment by Northwell Health. Attilio and Beverly Petrocelli made a significant gift toward the project, which collectively raised $160 million from multiple donors. The pavilion complements the hospital's nationally recognized cardiac, neurosurgery, and transplant programs.
Town plans to apply for state grant to aid Petrocelli hotel project on townThe Petrocellis have supported Northwell Health System for nearly 30 years through various projects and programs at North Shore University Hospital and Cohen Children's Medical Center in New Hyde Park.
Contact Information
Address: 9 Park Place Great Neck, NY 11021-5034
Telephone: 516-466-6464
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Petrocelli Family Foundation fund?
The foundation's primary grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from The Petrocelli Family Foundation?
**Grant Activity:** • Total giving: $1,317,058 (2024) • Total giving: $1,652,780 (2023, including 22 grants) • Typical award range: $50–$1,031,500 • Average grant amount and median grant amount data available but not specified in sources **Recent Grants (2023):** • Northwell Health Foundation: $1,031,500 (Advanced Surgical Pavilion and Charitable) • Jupiter Medical Center Foundation: $500,000 (Emergency Services) • Friends of the Israel Defense Forces: $75,000 (Charitable) • Princeton Pettorane…
Where does The Petrocelli Family Foundation make grants?
The foundation primarily funds organizations in: • New York • Massachusetts • Virginia
What size grants does The Petrocelli Family Foundation award?
In 2024, The Petrocelli Family Foundation awarded 32 grants totaling $1.3M — an average of about $41K per grant, based on its IRS Form 990 filings.
How much is The Petrocelli Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Petrocelli Family Foundation reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Petrocelli Family Foundation's EIN?
The Petrocelli Family Foundation's EIN (Employer Identification Number) is 20-1690418. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Petrocelli Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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