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Acucares Foundation is a private corporation based in SHELTON, CT. The foundation received its IRS ruling in 2020. The principal officer is William Shea. It holds total assets of $2.2M. Annual income is reported at $77K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. According to available records, Acucares Foundation has made 3 grants totaling $1.2M, with a median grant of $346K. The foundation has distributed between $314K and $531K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $531K distributed across 1 grants. Individual grants have ranged from $314K to $531K, with an average award of $397K. Grant recipients are concentrated in Connecticut. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Acucares Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in CT.
Acucares Foundation has distributed a total of $1.2M across 3 grants. The median grant size is $346K, with an average of $397K. Individual grants have ranged from $314K to $531K.
Past, present, and future employees of acuren pursuing post-secondary education.
Acucares Foundation is headquartered in SHELTON, CT.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Scannell | PRESIDENT | $0 | $0 | N/A |
| Andrew W Regan | SECRETARY | $0 | $0 | N/A |
| John Lockwood | TREASURER | $0 | $0 | N/A |
Total Giving
$358K
Total Assets
$2.5M
Fair Market Value
$2.5M
Net Worth
$2.3M
Grants Paid
$346K
Contributions
$150K
Net Investment Income
$72K
Distribution Amount
$134K
Total Revenue
$222K
990PF · 2023
Total Expenses
$358K
990PF · 2023
Total Assets
$2.5M
990PF · 2023
Net Assets
$2.3M
990PF · 2023
| Year | Form | Revenue | Expenses | Assets | |
|---|---|---|---|---|---|
| 2023 | 990PF | $222K | $358K | $2.5M | — |
| 2022 | 990PF | N/A | $535K | $2.9M | View |
| 2021 | 990PF | N/A | $343K | $3M | — |
| 2020 | 990PF | $1.4M | $555K | $3.5M | — |
| 2019 | 990PF | $2.5M | N/A | $2.5M | — |
Total Grants
3
Total Giving
$1.2M
Average Grant
$397K
Median Grant
$346K
Unique Recipients
1
Most Common Grant
$346K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Schedule AttachedSEE ATTACHMENT | Shelton, CT | $346K | 2023 |