The Susanna Iacovelli Charitable
The Susanna Iacovelli Charitable Foundation Inc (formerly known as The Peter and Karen Iacovelli Charitable Foundation) is a private family foundation based in Greenville, South Carolina. Established in 2000 in New York, the foundation operates as a 501(c)(3) organization with no employees and focuses on making unrestricted contributions to support general operations of nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.2M
+7.8% YoY
Annual Giving
$712K
-5.9% YoY
Grant Count
26
-10.3% YoY
Avg Grant Size
$27K
+5.0% YoY
Under IRS private-foundation payout rules, The Susanna Iacovelli Charitable reported a distributable amount of $411K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary program areas include:
- Loan origination fees
- Legal fees
- General operations support for nonprofits
The foundation provides unrestricted contributions to support the general operations of its grantees across multiple sectors including human services, education, and faith-based organizations.
Grantmaking
All grants are characterized as unrestricted contributions to support general operations.
Grant Range
$35,700
Average Grant
$35,700
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in South Carolina, with secondary focus areas in New York and Ohio.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $10,179,087
- Total revenues: $1,459,700
- Total expenses: $727,020
- Total giving: $712,103
EIN: 11-3568113
Contact Information:
- Address: 148 Milestone Way Ste C, Greenville, SC 29615-5007
- Telephone: 864-272-2931
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,179,087 | $9,446,407 | $9,532,787 |
| Revenue | $1,459,700 | $686,263 | $2,342,344 |
| Expenses | $727,020 | $772,643 | $907,946 |
| Qualifying Distributions | $712,103 | $763,661 | $900,286 |
| Net Investment Income | $758,673 | $681,307 | $834,684 |
| Distributable Amount | $411,486 | $374,837 | $379,889 |
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
132 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Charitable Gift Fund ($395,500), Alabaster House ($36,356), Miracle Hill Ministries ($28,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABASTER HOUSE PIEDMONT, SC | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $36,356 |
| AMERICAN CANCER SOCIETY INC HAGERSTOWN, MD | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $250 |
| CHRISTIAN LEARNING CENTER OF GREENVILLE COUNTY GREENVILLE, SC | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $7,500 |
| EMMANUEL AND CHERYL SARMIENTO FAMILY FDN GREENVILLE, SC | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $15,000 |
| EMMANUEL'S HAMMER TOWNVILLE, SC | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $11,000 |
| FAVOR GREENVILLE GREENVILLE, SC | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $17,953 |
| FIDELITY CHARITABLE GIFT FUND CINCINNATI, OH | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $395,500 |
| FRIENDS OF KAREN NORTH SALEM, NY | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $20,833 |
| GREER COMMUNITY MINISTRIES GREER, SC | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $12,000 |
| HORIZON CHURCH GREENVILLE, SC | UNRESTRICTED CONTRIBUTION TO SUPPORT GEN OPERATIONS | $1,136 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Peter Iacovelli – President
- Karen Iacovelli – Vice President/Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER IACOVELLI | BOARD MEMBER | 1 | — |
| GREG MORTON | BOARD MEMBER | 1 | — |
| STARLA REVELS | BOARD MEMBER | 1 | — |
| KAREN IACOVELLI | BOARD MEMBER | 1 | — |
| LOUIS KAROL | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Susanna Iacovelli Charitable fund?
The foundation's primary program areas include: • Loan origination fees • Legal fees • General operations support for nonprofits The foundation provides unrestricted contributions to support the general operations of its grantees across multiple sectors including human services, education, and faith-based organizations.
How do I apply for a grant from The Susanna Iacovelli Charitable?
**Grant Activity:** • Made 25 grants in 2024 • Average grant size: $35,700 • Median grant size: $15,000 • Total giving in 2024: $712,103 **Recent Grantees (2024):** • Miracle Hill Ministries: $28,000 • Sunday Dinner with A Twist LLC: $26,000 • Friends of Karen: $20,833 • The Turning Point of South Carolina: $12,000 • Christian Learning Centers of Greenville County: $7,500 All grants are characterized as unrestricted contributions to support general operations.
Where does The Susanna Iacovelli Charitable make grants?
The foundation primarily funds organizations in South Carolina, with secondary focus areas in New York and Ohio.
What size grants does The Susanna Iacovelli Charitable award?
In 2024, The Susanna Iacovelli Charitable awarded 26 grants totaling $712K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is The Susanna Iacovelli Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Susanna Iacovelli Charitable reported a distributable amount of $411K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Susanna Iacovelli Charitable's EIN?
The Susanna Iacovelli Charitable's EIN (Employer Identification Number) is 11-3568113. IRS Form 990 filing data is available on this page for 2020–2024.
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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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