The Salvatore Family Foundation
The Salvatore Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $242K in total assets. In 2024, it awarded 8 grants totaling $188K. Net investment income was $97K.
Key facts about The Salvatore Family Foundation
- EIN
- 13-4200627
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $188,300
- Grants made (2024)
- 8
- Average grant
- $23,538
- Median grant
- $18,750
- Total assets
- $242,338
- Primary geography
- South Carolina (60% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Salvatore Family Foundation funds
By grant dollars, the top recipient states for The Salvatore Family Foundation's 8 itemized 2024 grants were South Carolina (60%) and New York (35%). The most frequent recipient cities were Charleston, SC (4 grants) and New York, NY (2 grants). 100% of grants with a stated purpose were for general or operating support.
How The Salvatore Family Foundation gives
- Giving grew 1406% from 2021 to 2024. Method
- In 2024 it paid out 376% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Salvatore Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$242K
-28.1% YoY
Annual Giving
$188K
+141.4% YoY
Grant Count
8
+166.7% YoY
Avg Grant Size
$24K
-9.5% YoY
Under IRS private-foundation payout rules, The Salvatore Family Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About The Salvatore Family Foundation
Based on IRS filings
The Salvatore Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $242K in total assets. In 2024, it awarded 8 grants totaling $188K. Net investment income was $97K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $242,338 | $336,892 | $404,514 |
| Revenue | $97,195 | $13,016 | $10,533 |
| Expenses | $191,749 | $80,638 | $111,881 |
| Qualifying Distributions | $188,300 | $78,000 | $111,500 |
| Net Investment Income | $97,195 | $12,882 | $10,115 |
| Distributable Amount | $50,069 | $45,020 | $48,612 |
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 8 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Garden of Dreams Foundation ($60,000), Medical University of South Carolina ($50,000), College of Charleston Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GARDEN OF DREAMS FOUNDATION New York, NY | GENERAL PURPOSE | $60,000 |
| MEDICAL UNIVERSITY OF SOUTH CAROLINA Charleston, SC | GENERAL PURPOSE | $50,000 |
| COLLEGE OF CHARLESTON FOUNDATION Charleston, SC | GENERAL PURPOSE | $25,000 |
| THE GREEN HEART PROJECT Charleston, SC | GENERAL PURPOSE | $22,500 |
| COLLEGE OF CHARLESTON ATHLETICS Charleston, SC | GENERAL PURPOSE | $15,000 |
| SOCIETY OF THE LITTLE FLOWER Darien, IL | GENERAL PURPOSE | $5,600 |
| ST JEAN BAPITISTE CHURCH New York, NY | GENERAL PURPOSE | $5,200 |
| ADVANTAGE MOZAMBIQUE Greenwood Village, CO | GENERAL PURPOSE | $5,000 |
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 |
|---|---|---|---|
| Louis Salvatore | Director/V.P. | — | — |
| Robert Salvatore | Director/V.P. | — | — |
| Dawn Fay | Director/V.P. | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Salvatore Family Foundation?
The Salvatore Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $242K in total assets as of 2024.
How large is The Salvatore Family Foundation?
As of 2024, The Salvatore Family Foundation holds $242K in total assets with $97K in annual revenue. It awarded 8 grants totaling $188K in 2024.
Where does The Salvatore Family Foundation operate?
The Salvatore Family Foundation has awarded grants in Colorado, Illinois, North Carolina, New York, Pennsylvania, South Carolina.
What size grants does The Salvatore Family Foundation award?
In 2024, The Salvatore Family Foundation awarded 8 grants totaling $188K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is The Salvatore Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Salvatore Family Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Salvatore Family Foundation's EIN?
The Salvatore Family Foundation's EIN (Employer Identification Number) is 13-4200627. 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.