The John and Barbara LoFrumento Family

EIN 473685141 Private Foundation

Lake Success, NY 11042 |(800) 839-1754

Total Given 2016–2023
$226K
14 grants · $28K avg/year
based on 8 yrs of IRS 990-PF records on file
<$100K/yr
micro funder
capacity
$12K
typical small grants · $10K–$19K
grant size
43%
supporter · 3/7 multi-year
repeat
$17K
Assets (2023)
7
Distinct Recipients

About

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2020, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $32,000. This amount represents 25% or more of the Foundation's net assets of $91,842(as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2020. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Focus Areas

Youth Development

Application Information

Accepts Unsolicited Proposals No. Preselected Only
Phone (800) 839-1754

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2016 $56K $207K $12K 3
2017 $72K $138K $10K 3
2018 $36K $93K $6K 3
2020 $32K $61K $6K 1
2021 $12K $54K $12K 1
2022 $12K $30K $870 2
2023 $6K $17K $-1K 1

Grant Size Distribution

Based on 14 grants on record

Minimum
$4K
25th Pctl
$10K
Median
$12K
Average
$16K
75th Pctl
$19K
Maximum
$50K

Geographic Distribution

Officers & Directors

Grants Awarded (14 total)

Purpose
New York Catholic Foundation Inc New York, NY $50,000 Renew + Rebuild Campaign 2017
St Lucy Church Highland Beach, FL $32,000 General & Unrestricted 2020
Immaculate Conception and Assumption Parishes Tuckahoe, NY $25,000 General & Unrestricted 2016
Cardinal'S Appeal New York, NY $20,000 General & Unrestricted 2016
Immaculate Conception and Assumption Parishes Tuckahoe, NY $15,000 General & Unrestricted 2018
St Lucy Church Highland Beach, FL $11,500 General & Unrestricted 2021
Ascap Foundation New York, NY $11,500 General & Unrestricted 2016
Ascap Foundation New York, NY $11,500 ASCAP Foundation Barbara and John LoFrumento Award program 2017
Ascap Foundation New York, NY $11,500 General & Unrestricted 2018
Roman Catholic Church of Annunciation and Our Lady Tuckahoe, NY $10,000 General & Unrestricted 2017
Church of the Annunciation Crestwood, NY $10,000 General & Unrestricted 2018
St Lucy Church Highland Beach, FL $8,000 General & Unrestricted 2022
St Lucy Church Highland Beach, FL $6,500 General & Unrestricted 2023
Immaculate Conception and Assumption Parishes Tuckahoe, NY $4,000 General & Unrestricted 2022

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