Michele And Agnese Cestone Foundation Inc
- Assets
- $0.0
- Revenue
- $450.0k
- Investments
- $12.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1991
- Data as of
- 12/2020
- EIN
- 52-1720903
Organization Overview
Michele And Agnese Cestone Foundation Inc is located in Pittsburgh, PA. The organization was established in 1991. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michele And Agnese Cestone Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Michele And Agnese Cestone Foundation Inc generated $450.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michele And Agnese Cestone Foundation Inc has awarded 73 individual grants totaling $1,720,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele J Cestone Trustee & President | 35 | $75,000 | |
Dennis Bailey Trustee | 1 | $1,000 | |
Maria A Cestone Esquire Trustee & Secretary | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $370,045 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $450,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $262,253 |
| Contributions, gifts, grants paid | $852,300 |
| Total expenses and disbursements | $1,114,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089 |
| Investments—mortgage loans | $0 |
| Investments—other | $783,841 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michele And Agnese Cestone Foundation Inc has awarded $867,700 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: DVM STUDENTS WHO ARE SELECTED BY THE COLLEGE TO RECEIVE MERIT-BASED SCHOLARSHIPS (I.E., 3.5 GPA OR HIGHER AS REQUIRED BY THE CESTONE FOUNDATION). THESE STUDENTS ARE AT THE TOP OF THEIR CLASS ACADEMICALLY, AND IN MANY CASES, ALSO HAVE SIGNIFICANT FINANCIAL NEED. | $310,000 |
New York, NY PURPOSE: THIS GRANT WILL ENABLE AMC TO PROVIDE FREE VETERINARY CARE FOR THE WORKING GUIDE DOGS OF VISUALLY IMPAIRED CLIENTS. | $50,000 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: OFFSETTING IMMEDIATE AND EXTENSIVE COSTS RELATED TO THE FEEDING AND PREVENTATIVE VETERINARY CARE FOR OVER 100 FUTURE SERVICE DOGS THAT COME THROUGH THE NORTH CENTRAL REGION TRAINING FACILITY. | $45,000 |
Millington, NJ PURPOSE: THE GENERAL OPERATING BUDGET, WHICH ENABLES THE RAPTOR TRUST TO PROVIDE MEDICAL CARE SERVICES TO LOCAL WILDLIFE. THIS INCLUDES FOOD FOR 150 SPECIES OF BIRDS, MEDICAL EQUIPMENT, MEDICINE, EDUCATION SUPPLIES, AND MATERIALS FOR THE FLIGHT CAGES THAT HELP BIRDS PREPARE FOR RELEASE BACK INTO THE WILD. | $40,000 |
HELPING HANDS MONKEY HELPERS FOR THE DISABLED INC PURPOSE: THIS GRANT IS TO BE USED FOR THE VETERINARY AND RETIREMENT CARE OF OUR 59 POST-SERVICE MONKEYS AT OUR MONKEY LIVING CENTER (FORMERLY THE MONKEY COLLEGE) IN BOSTON, MASSACHUSETTS. | $40,000 |
Saugerties, NY PURPOSE: TO PROVIDE FOR THE DIRECT CARE OF RESCUED FARMED ANIMALS BY COVERING NEARLY TWO MONTHS OF THEIR VETERINARY, FARRIER, MEDICAL SUPPLIES, HAY, FEED, AND BEDDING (STRAW AND SHAVINGS) COSTS. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |