The Susanna Iacovelli Charitable

GREENVILLE, SC EIN: 11-3568113

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

-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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

South Carolina $1.7M (51%)

Ohio $1.4M (40%)

New York $199K (6%)

North Carolina $45K (1%)

District of Columbia $38K (1%)

Pennsylvania $23K (1%)

Virginia $10K (0%)

Florida $4K (0%)

+2 more states

States

District of Columbia Florida Georgia Maryland North Carolina New York Ohio Pennsylvania South Carolina Virginia

Cities

AlexandriaAustellBooneCharlestonCincinnatiClifton HeightsClintonColumbiaFayettevilleFort MillGreenvilleGreerHagerstownHampton BaysHilton Head IslandMonticelloNorth SalemPalm CoastPhiladelphiaPiedmont

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.