The Vespa Family Foundationinc
The Vespa Family Foundation Inc is a private foundation based in Franklin Lakes, New Jersey. It supports charitable organizations through grants; in 2024, its grants went to organizations including a law school, a hospital, and charitable and community organizations.
The Vespa Family Foundationinc at a glance
In short: The Vespa Family Foundationinc gave $44K across 13 grants in 2024 (avg $3K), mostly in New York. 54% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $43,687
- -21.3% vs 2023
- Grants made (2024)
- 13
- +44.4% vs 2023
- Average grant
- $3,361
- -45.5% vs 2023
- Median grant
- $500
- Total assets
- $348,879
- -20.7% vs 2023
- New grantees (estimate)
- 54% first-time grantees (7 of 13, 2024; small sample)
- Primary geography
- New York (88% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Vespa Family Foundationinc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 926 Scioto Drive, Franklin Lakes, NJ 07417
Phone: (201) 891-9168
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Vespa Family Foundationinc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was New York Law School ($37K). Together the top 10 received $43K.
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 71 grants of 71 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 88% of grant dollars went to recipients in New York, 5% to New Jersey, 4% to California, 2% to Arizona, and less than 1% to Washington, DC.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
States
Cities
Is The Vespa Family Foundationinc open to new grantees?
54%
first-time grantees, 2024
In 2024, 7 of 13 grantees (54%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $495; repeat grants $7K. How we count
Medians: $206 first-time, $1K repeat.
- 31% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−19%). Method
- In 2024 it paid out 450% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $44K (2024) to $82K (2020). In 2024 it made 13 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New York Law School New York, NY | To Fund Normal Operations | $36,574 |
| California Institute for Human Science Encinitas, CA | To Fund Normal Operations | $1,892 |
| 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 |
| Steve's Wish Climb Phoenix, AZ | To Fund Normal Operations | $1,000 |
| Latino Mental Health Association of NJ Springfield, NJ | To Fund Normal Operations | $600 |
| Tunnels to Towers Foundation State Island, NY | To Fund Normal Operations | $500 |
| Ramapo Bergen Animal Refuge Inc Oakland, NJ | To Fund Normal Operations | $265 |
| Network for Good Washington, DC | To Fund Normal Operations | $206 |
| Franklin Lakes Volunteer Ambulance Corp Franklin Lakes, NJ | To Fund Normal Operations | $200 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $348,879 | $14,234 | $105,468 | $43,687 | 13 | $43,687 | $6,234 | $9,708 |
| 2023 | $440,113 | $29,638 | $85,854 | $55,505 | 9 | $55,505 | $24,738 | $11,483 |
| 2022 | $496,329 | $10,841 | $129,320 | $81,625 | 11 | $81,625 | $10,841 | $12,544 |
| 2021 | $614,808 | $202 | $108,900 | $53,639 | 20 | $53,639 | — | $50,701 |
| 2020 | $723,506 | $4,958 | $105,650 | $82,400 | 18 | — | $3,658 | $41,774 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for New York Law School, whose stated mission is to provide students with the knowledge, skills, and ethical values needed for a career in law. The Valley Hospital says it serves the community by healing and caring for patients, comforting their families, and teaching good health. Network for Good says its mission is to increase charitable giving to nonprofits by providing the public with an easy, safe, and efficient way to recommend grants to public charities.
Grantmaking
In 2024, the foundation made 13 grants totaling $43,687. Grants ranged from $100 to $36,574, with a median grant of $500. Its largest grant was $36,574 to New York Law School. Other notable grants included $1,892 to California Institute for Human Science and $1,000 each to The Valley Hospital, MSK Giving (Memorial Sloan Kettering Cancer Center), and Steve’s Wish Climb. The listed 2024 grant purposes were to fund normal operations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Anthony J Vespa as president and treasurer; Melanie A Vespa and Kimberly Seminerio as secretaries; and Allison Vespa, Amy Vespa, Anthony C Vespa, Alyssa Seminaro, and Michael Seminaro as vice presidents.
The Vespa Family Foundationinc is led by Anthony C. Vespa, President, Treasurer & Vice President on every filing since 2020; 4 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Anthony C. Vespa
President, Treasurer & Vice President
On filings since 2020
10 hrs/week
$5K (2020) → $15K (2024)
Allison Vespa
Vice President
On filings since 2020
5 hrs/week
$5K (2020) → $2K (2024)
Alyssa Seminaro
Vice President
On filings since 2020
5 hrs/week
$5K (2020) → $0 (2024)
Amy Vespa
Vice President
On filings since 2020
5 hrs/week
$5K (2020) → $2K (2024)
Melanie A. Vespa
Secretary
On filings since 2020
10 hrs/week
$5K (2022) → $0 (2024)
Kimberly Seminerio
Secretary
New on the 2024 filing
5 hrs/week
$2K (2024)
Michael Seminaro
Vice President
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $15K, to Anthony C Vespa (Vice President). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Vespa Family Foundationinc
How much does The Vespa Family Foundationinc give each year?
The Vespa Family Foundationinc gave $44K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $56K across 9 grants.
What is The Vespa Family Foundationinc's typical grant size?
The Vespa Family Foundationinc's median grant in 2024 was $500, and its average grant was $3,361, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Vespa Family Foundationinc that year got $495 on average.
Where does The Vespa Family Foundationinc give grants?
The Vespa Family Foundationinc gives mostly in New York: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (5%). The most frequent recipient cities were New York, NY (2 grants) and Franklin Lakes, NJ (2 grants).
Does The Vespa Family Foundationinc give general operating support?
Not in 2024: none of the 13 grants with a stated purpose on The Vespa Family Foundationinc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Fund Normal Operations" (13 grants).
Who are The Vespa Family Foundationinc's largest grantees?
The Vespa Family Foundationinc's largest 2024 grantees include New York Law School ($36,574), California Institute for Human Science ($1,892) and The Valley Hospital ($1,000), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is The Vespa Family Foundationinc?
The Vespa Family Foundationinc reported $349K in total assets on its 2024 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What does The Vespa Family Foundationinc fund?
No mission statement for the foundation is provided. Its 2024 grants included support for New York Law School, whose stated mission is to provide students with the knowledge, skills, and ethical values needed for a career in law. See mission & focus areas ↑
How do I apply for a grant from The Vespa Family Foundationinc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Vespa Family Foundationinc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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