Piccinini Pesco Family Foundation
- Assets
- $3.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-4189182
Organization Overview
Piccinini Pesco Family Foundation is located in Wilmington, DE. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Piccinini Pesco Family Foundation 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 12/2022, Piccinini Pesco Family Foundation generated $2.0m 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 (20.5%) each year.
Since 2021, Piccinini Pesco Family Foundation has awarded 16 individual grants totaling $2,825,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE FINANCIAL SUPPORT TO OTHER CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND OTHER ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES WHICH ARE EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OR SECTION 170(C) OF THE INTERNAL REVENUE CODE AND THE FOUNDATION'S GRANTS PROGRAM WILL DIRECTLY FURTHER THAT PURPOSE BY SUPPORTING PUBLIC CHARITIES WITH PURPOSES ALIGNED WITH THE ORGANIZATION'S PHILANTHROPIC OBJECTIVES. THE ORGANIZATION DID NOT AWARD ANY GRANTS IN 2020. HOWEVER, THE ORGANIZATION ANTICIPATES THAT (TO THE EXTENT PRACTICABLE) IT WILL ENTER INTO GRANT AGREEMENTS WITH GRANT RECIPIENTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Piccinini Pesco Dir, Pres | 1 | $0 | |
Jennifer Stonier Cfo, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $10,989 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,010,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,644 |
| Total operating and administrative expenses | $26,509 |
| Contributions, gifts, grants paid | $1,174,500 |
| Total expenses and disbursements | $1,201,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,123,709 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,123,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Piccinini Pesco Family Foundation has awarded $1,174,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DE MARILLAC ACADEMY PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
DE MARILLAC ACADEMY PURPOSE: SPONSORSHIP 2022 - ANNUAL SUPPORT TOWARD EDUCATION | $25,000 |
BIG VALLEY GRACE COMMUNITY CHURCH & BIG VALLEY CHR PURPOSE: GENERAL PURPOSE | $2,500 |
MODESTO CHILDRENS MUSEUM INC PURPOSE: MUSEUM BUILDING FUND | $400,000 |
MODESTO CHILDRENS MUSEUM INC PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
OAKLAND PROMISE PURPOSE: GENERATION FUND | $80,000 |