The Principato Family Foundation Inc
The Principato Family Foundation Inc is a private foundation based in Chevy Chase, Maryland. Its 2024 filing reports grants to charitable organizations, including schools, arts and cultural institutions, a hospital foundation, and organizations serving humanitarian and community needs.
Key facts about The Principato Family Foundation Inc
In short: The Principato Family Foundation Inc gave $135K across 40 grants in 2024 (avg $3K), mostly in District of Columbia. 25% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 52-1960863
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $135,300
- Grants made (2024)
- 40
- Average grant
- $3,383
- Median grant
- $1,000
- New grantees (estimate)
- 25% first-time grantees (10 of 40, 2024)
- Total assets
- $2,975,244
- Primary geography
- District of Columbia (71% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
-2.1% YoY
Annual Giving
$135K
+33.6% YoY
Grant Count
40
+11.1% YoY
Avg Grant Size
$3K
+20.2% YoY
Under IRS private-foundation payout rules, The Principato Family Foundation Inc reported a distributable amount of $166K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Principato Family Foundation Inc open to new grantees?
25%
first-time grantees, 2024
In 2024, 10 of 40 grantees (25%) were first-time recipients. First grants averaged $2K; repeat grants $4K. How we count
Medians: $1K first-time, $1K repeat.
- 73% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+12%). Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied purposes. For example, the Suburban Hospital Foundation says it raises and distributes philanthropic gifts in support of Suburban Hospital’s programs and priorities. The Capital Area Food Bank describes its mission as helping neighbors thrive through more equitable access to food and opportunity. The Third Option Foundation says it supports families of government employees who died or were seriously injured in service but cannot seek assistance through normal government sources.
Grantmaking
In filing year 2024, the foundation made 40 grants totaling $135,300. Grant amounts ranged from $100 to $39,500, with a median of $1,000. The largest grants included $39,500 to St Albans School, $13,000 to the National Gallery of Art, $10,000 each to Spirit of America and Suburban Hospital Foundation, and $8,600 to the Metropolitan Club Preservation Fund. These grants were listed as general grants.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with The Principato Family Foundation Inc?
Geographic Focus
Where this funder awards grants
In 2024, recipients in Washington, DC, received 71% of grant dollars; recipients in Virginia and Maryland each received 10%. California received 4% and New York received 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 40 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $101K (2023) to $135K (2024). In 2024 it made 40 grants totaling $135K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was St Albans School ($40K). Together the top 10 received $108K.
Grant Size Distribution
226 grants across all recorded years
The most common grant size was under $50K: 226 grants of 226 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Albans School Washington, DC | General Grant | $39,500 |
| National Gallery of Art Washington, DC | General Grant | $13,000 |
| Spirit of America Arlington, VA | General Grant | $10,000 |
| Suburban Hospital Foundation Bethesda, MD | General Grant | $10,000 |
| Metropolitan Club Preservation Fund Washington, DC | General Grant | $8,600 |
| Christ Church Georgetown Washington, DC | General Grant | $8,100 |
| Washington National Cathedral Washington, DC | General Grant | $6,000 |
| Meridian International Center Washington, DC | General Grant | $4,400 |
| Give Well Oakland, CA | General Grant | $4,000 |
| Kennedy Center Washington, DC | General Grant | $4,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $2,975,244 | $143,792 | $206,286 | $135,300 (40 grants) |
| 2023 | $3,040,238 | $154,581 | $169,469 | $101,290 (36 grants) |
| 2022 | $3,055,126 | $60,348 | $179,856 | $108,090 (33 grants) |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,975,244 | $3,040,238 | $3,055,126 |
| Revenue | $143,792 | $154,581 | $60,348 |
| Expenses | $206,286 | $169,469 | $179,856 |
| Qualifying Distributions | $183,174 | $148,429 | $158,232 |
| Net Investment Income | $120,680 | $133,541 | $47,874 |
| Distributable Amount | $166,253 | $151,350 | $156,714 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Deborah Jessiman, Matthew Lindsey, Michael Lindsey, and John Lindsey as directors.
The Principato Family Foundation Inc's 2024 filing lists 4 officers; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Deborah Jessiman
Director
On filings since 2020
15 hrs/week
$40K (2020) → $40K (2024)
Matthew Lindsey
Director
On filings since 2020
No compensation reported
John Lindsey
Director
On filings since 2022
No compensation reported
Michael Lindsey
Director
On filings since 2022
No compensation reported
Former officers (2)
- Former: Jerold Principato (2020–2023) — Director
- Former: Marjorie Principato (2020–2021) — Director
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $40K, to Deborah Jessiman (Director).
Contact
Mailing address: 5214 Parkway Drive, Chevy Chase, MD 20815
Phone: (301) 651-2320
Frequently asked questions about The Principato Family Foundation Inc
How much does The Principato Family Foundation Inc give each year?
The Principato Family Foundation Inc gave $135K across 40 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $101K across 36 grants.
What is The Principato Family Foundation Inc's typical grant size?
The Principato Family Foundation Inc's median grant in 2024 was $1,000, and its average grant was $3,383, across 40 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Principato Family Foundation Inc that year got $2K on average.
Where does The Principato Family Foundation Inc give grants?
The Principato Family Foundation Inc gives mostly in District of Columbia: 71% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Virginia (10%) and Maryland (10%). The most frequent recipient cities were Washington, DC (20 grants), Bethesda, MD (3 grants), New York, NY (3 grants) and Arlington, VA (2 grants).
Does The Principato Family Foundation Inc give general operating support?
Yes: 100% of The Principato Family Foundation Inc's 2024 grants with a stated purpose (40 of 40) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Principato Family Foundation Inc's largest grantees?
The Principato Family Foundation Inc's largest 2024 grantees include St Albans School ($39,500), National Gallery of Art ($13,000) and Spirit of America ($10,000), according to its 2024 IRS Form 990-PF. Together they received 46% of its itemized 2024 grant dollars.
How large is The Principato Family Foundation Inc?
The Principato Family Foundation Inc reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $183K in qualifying distributions that year, against a required minimum of $166K (roughly 5% of its investment assets).
What does The Principato Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied purposes. For example, the Suburban Hospital Foundation says it raises and distributes philanthropic gifts in support of Suburban Hospital’s programs and priorities. See mission & focus areas ↑
How do I apply for a grant from The Principato Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Principato Family Foundation Inc's EIN?
The Principato Family Foundation Inc's EIN (Employer Identification Number) is 52-1960863. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Principato Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching The Principato Family Foundation Inc by hand.
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