Albert M Covelli Foundation

Organization Overview

Albert M Covelli Foundation is located in Warren, OH. The organization was established in 1984. 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. Albert M Covelli 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 12/2021, Albert M Covelli Foundation generated $608.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $405.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Albert M Covelli Foundation has awarded 221 individual grants totaling $2,578,675. 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 $19,980
Dividends & Interest $146,351
Net Rental Income$0
Net Gain on Sale of Assets $441,796
Capital Gain Net Income $441,796
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $608,127

Grants Awarded

Over the last fiscal year, Albert M Covelli Foundation has awarded $315,500 in support to 25 organizations.

Grant RecipientAmount

JOHN F KENNEDY CATHOLIC SCHOOL

PURPOSE: CHARITABLE

$93,000

ORLANDO HEALTH FOUNDATION

Org PageRecipient Profile

Orlando, FL

PURPOSE: CHARITABLE

$50,000

CLEVELAND CLINIC

PURPOSE: CHARITABLE

$50,000

HIBISCUS CHILDREN'S CENTER

PURPOSE: CHARITABLE

$25,000

CHILDREN'S CANCER CENTER

Org PageRecipient Profile

Tampa, FL

PURPOSE: CHARITABLE

$15,000

AKRON CHILDREN'S HOSPITAL

PURPOSE: CHARITABLE

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
George Gund Foundation
Cleveland, OH
$120,923,136
Oberkotter Foundation
Philadelphia, PA
$23,009,013
Lumina Foundation For Education Inc
Indianapolis, IN
$124,727,424
Pnc Foundation
Pittsburgh, PA
$3,451,991
Sarah Scaife Foundation Inc
Pittsburgh, PA
$79,121,296
J Howard Pew Freedom Tr
Philadelphia, PA
$64,346,772
Mccune Foundation
Pittsburgh, PA
$38,182,239
The Meijer Foundation
Grand Rapids, MI
$43,970,388
Nationwide Foundation
Columbus, OH
$42,470,606
Dietrich Foundation
Pittsburgh, PA
$93,476,192
Ford Motor Co Fund
Dearborn, MI
$51,364,996
Farmer Family Foundation
Cincinnati, OH
$63,392,827

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