Funder DirectoryTHE ALBERT M COVELLI FOUNDATION
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Private foundation (trust)EIN 341383117Est. 1984-06

THE ALBERT M COVELLI FOUNDATION

WARREN, OH 44484

Total Assets

$8.4M

FY 2024

Annual Giving

$368K

FY 2024

Grants Made

30

FY 2024

Avg Grant

$12K

FY 2024

Grant Range

$1K–$63K

Typical

Deadlines

Applications

Financial Snapshot

2024 filing

Total Revenue

$1.7M

Total Expenses

$450K

Qualifying Distributions

$368K

Distributable Amount

$389K

Min. Investment Return

$411K

Undistributed Income

$384K

Payout rate 95%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.95%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

30 grants

Grant sizes from minimum $1K through median $4K to maximum $63K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

6 years

Giving over time from 2018 to 2024. Peak $423K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

160 grants

JOHN F KENNEDY CATHOLIC SCHOOL
$477K
6 grants
CLEVELAND CLINIC
$465K
6 grants
HIBISCUS CHILDREN'S CENTER
$277K
6 grants
ORLANDO HEALTH FOUNDATION
$200K
4 grants
NATIONAL VETERANS MEMORIAL & MUSEUM
$75K
3 grants
A KID'S PLACE
$60K
3 grants
PANERA BREAD FOUNDATION
$50K
1 grant
ORLANDO HEALTH FOUNDATION INC
$50K
1 grant

Grant Size Distribution

160 grants

<$10K
122
grants
$10–50K
31
grants
$50–250K
6
grants
$250K–1M
1
grants
$1–5M
$5M+

Geographic Focus

3 states

Florida
$1.4M
63% of total
Ohio
$785K
35% of total
Missouri
$50K
2% of total

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THE ALBERT M COVELLI FOUNDATION — Grants, Financials & Contact | Grantivo