The Aiello Charitable Foundation Inc

Organization Overview

The Aiello Charitable Foundation Inc is located in Bridgeport, CT. The organization was established in 2003. 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. Aiello Charitable 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 12/2021, Aiello Charitable Foundation Inc generated $721.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 39.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Aiello Charitable Foundation Inc has awarded 473 individual grants totaling $4,099,415. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $15
Dividends & Interest $46,391
Net Rental Income$0
Net Gain on Sale of Assets $102,776
Capital Gain Net Income $102,776
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $572,709
Total Revenue $721,891

Grants Awarded

Over the last fiscal year, The Aiello Charitable Foundation Inc has awarded $1,087,600 in support to 70 organizations.

Grant RecipientAmount

FIDELITY CHARITABLE GIVING ACCOUNT

PURPOSE: DONOR ADVISED FUND

$620,000

NORWALK HOSPITAL FOUNDATION

PURPOSE: UNRESTRICTED

$110,000

PALLIATIVE CARE FOR UGANDA INC

Org PageRecipient Profile

Norwalk, CT

PURPOSE: UNRESTRICTED

$50,000

YALE NEW HAVEN HOSPITAL

PURPOSE: UNRESTRICTED

$20,000

STEPPING STONES MUSEUM FOR CHILDREN

PURPOSE: UNRESTRICTED

$20,000

ST LUKE'S SCHOOL

PURPOSE: UNRESTRICTED

$17,500
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