Is Attilio And Beverly Petrocelli Foundation Legit?

The Attilio And Beverly Petrocelli Foundation demonstrates strong financial health, consistently maintaining significant assets relative to its annual expenses. For instance, in 2023, its assets were $27,693,286 against expenses of $1,709,825, indicating a robust endowment. The foundation's revenue has fluctuated, with a notable peak of $4,897,117 in 2023, but it consistently generates more revenue than it expends, allowing for asset growth. This financial stability suggests a well-managed organization capable of sustaining its philanthropic activities over the long term. Regarding spending efficiency, the foundation appears to operate with a lean administrative structure, as indicated by the 0% officer compensation reported across all available filings. This suggests that a very high proportion of its expenses are directed towards program services and grants, rather than overhead. While specific breakdowns of program vs. administrative vs. fundraising expenses are not provided in the summary data, the absence of executive compensation is a strong indicator of efficiency. The foundation's consistent growth in assets, from $6,985,716 in 2011 to $27,693,286 in 2023, further supports its financial prudence and ability to grow its philanthropic capacity. Transparency is generally good, with consistent IRS 990 filings over a decade. The consistent reporting of zero officer compensation is a key transparency point, indicating that the foundation is likely run by volunteers or has its administrative costs covered by other means, which is a positive sign for donors. The minimal liabilities reported across all periods ($0 or $1) also points to sound financial management and a lack of significant debt, enhancing its overall transparency and trustworthiness.