The Vespa Family Foundationinc
The Vespa Family Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $349K in total assets. In 2024, it awarded 13 grants totaling $44K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$349K
-20.7% YoY
Annual Giving
$44K
-21.3% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$3K
-45.5% YoY
Under IRS private-foundation payout rules, The Vespa Family Foundationinc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About The Vespa Family Foundationinc
Based on IRS filings
The Vespa Family Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $349K in total assets. In 2024, it awarded 13 grants totaling $44K. Net investment income was $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $348,879 | $440,113 | $496,329 |
| Revenue | $14,234 | $29,638 | $10,841 |
| Expenses | $105,468 | $85,854 | $129,320 |
| Qualifying Distributions | $43,687 | $55,505 | $81,625 |
| Net Investment Income | $6,234 | $24,738 | $10,841 |
| Distributable Amount | $9,708 | $11,483 | $12,544 |
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
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New York Law School ($36,574), California Institute for Human Science ($1,892), The Valley Hospital ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RAMAPO BERGEN ANIMAL REFUGE INC OAKLAND, NJ | TO FUND NORMAL OPERATIONS | $265 |
| LATINO MENTAL HEALTH ASSOCIATION OF NJ SPRINGFIELD, NJ | TO FUND NORMAL OPERATIONS | $600 |
| NETWORK FOR GOOD WASHINGTON, DC | TO FUND NORMAL OPERATIONS | $206 |
| THE 200 CLUB OF BERGEN HACKENSACK, NJ | TO FUND NORMAL OPERATIONS | $100 |
| THE VALLEY HOSPITAL PARAMUS, NJ | TO FUND NORMAL OPERATIONS | $1,000 |
| MSK GIVING ( MEMORIAL SLOAN KETTERING CANCER CENTER) NY, NY | TO FUND NORMAL OPERATIONS | $1,000 |
| NEW YORK LAW SCHOOL NEW YORK, NY | TO FUND NORMAL OPERATIONS | $36,574 |
| FRANKLIN LAKES FIRE DEPT FRANKLIN LAKES, NJ | TO FUND NORMAL OPERATIONS | $150 |
| FRANKLIN LAKES VOLUNTEER AMBULANCE CORP FRANKLIN LAKES, NJ | TO FUND NORMAL OPERATIONS | $200 |
| STEVE'S WISH CLIMB PHOENIX, AZ | TO FUND NORMAL OPERATIONS | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANTHONY J VESPA | PRESIDENT & TREASURER | 10 | — |
| MELANIE A VESPA | SECRETARY | 10 | — |
| ALLISON VESPA | VICE PRESIDENT | 5 | $1,500 |
| AMY VESPA | VICE PRESIDENT | 5 | $1,500 |
| ANTHONY C VESPA | VICE PRESIDENT | 5 | $15,000 |
| ALYSSA SEMINARO | VICE PRESIDENT | 5 | — |
| MICHAEL SEMINARO | VICE PRESIDENT | 5 | — |
| KIMBERLY SEMINERIO | SECRETARY | 5 | $2,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Vespa Family Foundationinc?
The Vespa Family Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRANKLIN LAKES, NJ. It holds $349K in total assets as of 2024.
How large is The Vespa Family Foundationinc?
As of 2024, The Vespa Family Foundationinc holds $349K in total assets with $14K in annual revenue. It awarded 13 grants totaling $44K in 2024.
Where does The Vespa Family Foundationinc operate?
The Vespa Family Foundationinc has awarded grants in Arizona, California, District of Columbia, Delaware, Georgia, Illinois, Maryland, New Jersey, New York, Pennsylvania, Texas, Virginia, Vermont.
What size grants does The Vespa Family Foundationinc award?
In 2024, The Vespa Family Foundationinc awarded 13 grants totaling $44K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Vespa Family Foundationinc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Vespa Family Foundationinc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Vespa Family Foundationinc's EIN?
The Vespa Family Foundationinc's EIN (Employer Identification Number) is 37-1452034. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Vespa Family Foundationinc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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