The Rudolph J Torello Foundation Inc is a private foundation focused on Education, based in OAKHURST, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $841K in total assets. In 2024, it awarded 16 grants totaling $672K. Net investment income was $739K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$841K
-15.9% YoY
Annual Giving
$672K
+366.7% YoY
Grant Count
16
+14.3% YoY
Avg Grant Size
$42K
+308.3% YoY
Under IRS private-foundation payout rules, The Rudolph J Torello Foundation Inc reported a distributable amount of $126K for 2024 — the minimum it must pay out in qualifying distributions.
About The Rudolph J Torello Foundation Inc
Based on IRS filings
The Rudolph J Torello Foundation Inc is a private foundation focused on Education, based in OAKHURST, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $841K in total assets. In 2024, it awarded 16 grants totaling $672K. Net investment income was $739K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $840,680 | $999,457 | $1,160,158 |
| Revenue | $767,592 | $18,905 | $170,538 |
| Expenses | $926,369 | $179,025 | $209,339 |
| Qualifying Distributions | $694,539 | $150,853 | $176,675 |
| Net Investment Income | $738,791 | $50,028 | $140,197 |
| Distributable Amount | $126,322 | $123,633 | $123,788 |
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
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dwight-englewood School ($500,000), Buckingham Browne & Nichols School ($20,000), Rye Country Day School ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BUCKINGHAM BROWNE & NICHOLS SCHOOL CAMBRIDGE, MA | EDUCATIONAL PROGRAMS. | $20,000 |
| CHENOA MANOR AVONDALE, PA | ANIMAL SANCTUARY AND LEARNING CENTER | $5,000 |
| DWIGHT-ENGLEWOOD SCHOOL ENGLEWOOD, NJ | D-E FUND IN SUPPORT DWEIGHT-ENGLEWOOD SCHOOL, A COEDUCATIONAL, PRESCHOOL THROUGH GRADE 12. | $500,000 |
| GROTON SCHOOL GROTON, MA | EDUCATIONAL PROGRAMS. | $10,000 |
| JAJJA'S KIDS LATHAM, NY | EARLY CHILDHOOD EDUCATION FOR YOUNG STUDENTS IN NEED. | $10,000 |
| KINGSLEY MONTESSORI SCHOOL BOSTON, MA | EARLY CHILDHOOD EDUCATION PROGRAMS. | $10,000 |
| LUNCH BREAK RED BANK, NJ | YOUTH SERVICES PROGRAMS. | $5,000 |
| MILTON ACADEMY MILTON, MA | EARLY CHILDHOOD EDUCATION PROGRAMS. | $15,000 |
| MONMOUTH ARTS RED BANK, NJ | ART EDUCATION AND OUTREACH PROGRAMS. | $2,000 |
| MONMOUTH COUNTY CHILD ADVOCACY CENTER FREEHOLD, NJ | SUPPORT FOR CHILDREN WHO HAVE BEEN AFFECTED BY CHILD ABUSE AND NEGLECT. | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CLAUDIO INNOCENTI | PRESIDENT | 10 | — |
| DOUGLAS M DURITZA | SECRETARY | 1 | — |
| FRANK J COLLETTE | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Rudolph J Torello Foundation Inc?
The Rudolph J Torello Foundation Inc is a private foundation focused on Education, based in OAKHURST, NJ. It holds $841K in total assets as of 2024.
How large is The Rudolph J Torello Foundation Inc?
As of 2024, The Rudolph J Torello Foundation Inc holds $841K in total assets with $768K in annual revenue. It awarded 16 grants totaling $672K in 2024.
Where does The Rudolph J Torello Foundation Inc operate?
The Rudolph J Torello Foundation Inc has awarded grants in Massachusetts, Maine, New Jersey, New York, Pennsylvania, Virginia.
What size grants does The Rudolph J Torello Foundation Inc award?
In 2024, The Rudolph J Torello Foundation Inc awarded 16 grants totaling $672K — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is The Rudolph J Torello Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rudolph J Torello Foundation Inc reported a distributable amount of $126K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rudolph J Torello Foundation Inc's EIN?
The Rudolph J Torello Foundation Inc's EIN (Employer Identification Number) is 22-3727014. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.