Charles a Mastronardi Foundation 061223-000
The Charles A Mastronardi Foundation is a private, non-operating foundation established in 1964 and based in Wilmington, Delaware. The foundation operates as a 501(c)(3) tax-exempt charitable organization with a primary focus on supporting nonprofit initiatives through grants and charitable giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.3M
+0.5% YoY
Annual Giving
$968K
-4.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$968K
-4.1% YoY
Mission & Focus Areas
The foundation primarily funds charitable, scientific, literary, and educational purposes. Its areas of interest include:
- Education: Elementary, secondary, and higher education
- Health: In-patient medical care, hospital care, and diseases and conditions
- Religion: Christianity and Catholicism
- Human Services: Family services, child welfare, and child development
- Animal Welfare
- Social Services
- Children and Youth
Grantmaking
The foundation made 88 grants in its most recent fiscal year. Notable grantees include The Guild For Exceptional Children. The foundation's annual giving totals approximately $950,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds projects within Wilmington, Delaware, though it maintains a national geographic scope for its grantmaking activities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $16,346,528
- Total Revenues: $1,273,674
- Total Expenses: $1,180,712
- Investment Income and Dividends: $446,394
- Net Gain from Sale of Non-Inventory Assets: $827,280
As of December 2023:
- Total Assets: $16,264,064
- Total Revenues: $1,387,754
- Total Expenses: $1,185,537
The foundation has zero liabilities and maintains no employees. Its revenue is primarily generated through investment income and asset sales rather than contributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,346,528 | $16,264,064 | $16,067,205 |
| Revenue | $1,273,674 | $1,387,754 | $667,188 |
| Expenses | $1,180,712 | $1,185,537 | $1,365,217 |
| Qualifying Distributions | $983,518 | $1,021,823 | $1,153,768 |
| Net Investment Income | $1,141,786 | $1,258,157 | $483,191 |
| Distributable Amount | $1,009,907 | $925,960 | $986,568 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership team includes:
- Val Mastronardi (Vice President)
- Dr. Noel DeFelippo (Vice President)
- Margaret Mastronardi (Vice President)
- David Turino (Vice President)
- Frazer Rice of Wilmington Trust Company (Contact)
All leadership members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VAL MASTRONARDI | VICE PRESIDENT | 1 | — |
| DR NOEL DEFELIPPO | PRESIDENT | 1 | — |
| MARGARET MASTRONARDI | VICE PRESIDENT | 1 | — |
| DAVID TURINO | VICE PRESIDENT | 1 | — |
Contact Information
Mailing Address: Charles A Mastronardi Foundation c/o Wilmington Trust Company 1100 North Market Street, Suite 612230 Wilmington, Delaware 19890-0001
Phone: 302-651-1942
EIN: 13-6167916
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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