The Rocco a and Mary Abessinio
The Rocco A and Mary Abessinio Foundation is a private independent foundation based in Concordville, Pennsylvania. Established in 2002, the foundation operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$69.1M
+15.1% YoY
Annual Giving
$121K
-86.9% YoY
Grant Count
15
+25.0% YoY
Avg Grant Size
$8K
-89.5% YoY
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation maintains substantial grantmaking capacity with typical award ranges between $100,000 and $1,000,000. Recent grants documented include:
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Geographic Focus
Where this funder awards grants
The foundation primarily directs funding to organizations in Delaware, Virginia, and Tennessee.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $60,056,316
- Total Revenues: $11,866,554
- Total Expenses: $2,099,805
- Total Grants and Contributions: $10,000,000
As of 2024:
- Total Assets: $69,126,531
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $69,126,531 | $60,056,316 | $43,818,667 |
| Revenue | $1,563,779 | $11,866,554 | $32,522,719 |
| Expenses | $3,136,231 | $2,099,805 | $128,368 |
| Qualifying Distributions | $122,465 | $918,739 | $1,233,516 |
| Net Investment Income | $1,513,506 | $1,920,901 | $415,706 |
| Distributable Amount | $3,213,435 | $2,416,605 | $892,916 |
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
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROCCO A ABESSINIO | DIRECTOR | — | — |
| MARY F ABESSINIO | DIRECTOR | — | — |
| MARY D COOL | DIRECTOR | — | — |
| PETER G ABESSINIO | DIRECTOR | — | — |
| VINCENT T ABESSINIO | DIRECTOR | — | — |
| JOANNE F FABRIZIO | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
Applied Bank made a $7.6 million donation to the foundation to support ongoing charitable giving.
Applied Bank donates $7.6M to Rocco A. and Mary Abessinio FoundationChristianaCare received a $1 million donation from the foundation.
Archmere Academy opened the Rocco A and Mary Abessinio Performing Arts Center.
Applied Bank donates $7.6M to Rocco A. and Mary Abessinio FoundationRocco Abessinio delivered an inaugural entrepreneurship lecture at Neumann University.
Applied Bank donates $7.6M to Rocco A. and Mary Abessinio FoundationRocco and Mary Abessinio made a $5 million gift to Baptist Health's Keeping the Promise capital campaign in Boca Raton.
Applied Bank donates $7.6M to Rocco A. and Mary Abessinio FoundationFlorida Atlantic University acknowledged a significant gift from Rocco and Mary Abessinio.
Thank you, Rocco and Mary Abessinio! | Florida Atlantic UniversitySubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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