The Terranova Asselta Family Foundation
The Terranova Asselta Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $240K in total assets. In 2024, it made $11K in qualifying distributions. Net investment income was $83K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$240K
+19.3% YoY
Revenue
$51K
+743.7% YoY
Qualifying Distributions
$11K
-28.0% YoY
Expenses
$13K
-24.2% YoY
Under IRS private-foundation payout rules, The Terranova Asselta Family Foundation reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About The Terranova Asselta Family Foundation
Based on IRS filings
The Terranova Asselta Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $240K in total assets. In 2024, it made $11K in qualifying distributions. Net investment income was $83K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $240,300 | $201,454 | $211,957 |
| Revenue | $51,433 | $6,096 | $211,957 |
| Expenses | $12,587 | $16,599 | — |
| Qualifying Distributions | $10,692 | $14,857 | — |
| Net Investment Income | $83,445 | $5,682 | — |
| Distributable Amount | $11,636 | $11,012 | $719 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Asselta | Dir, Sec, Co- Pres | 1 | — |
| Christina Terranova | Dir, Treas, Co- Pres | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Terranova Asselta Family Foundation?
The Terranova Asselta Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $240K in total assets as of 2024.
How large is The Terranova Asselta Family Foundation?
As of 2024, The Terranova Asselta Family Foundation holds $240K in total assets with $51K in annual revenue.
How much is The Terranova Asselta Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Terranova Asselta Family Foundation reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Terranova Asselta Family Foundation's EIN?
The Terranova Asselta Family Foundation's EIN (Employer Identification Number) is 92-0372351. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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