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Also known as: GARY S ALETTO
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Aletto Family Foundation Inc. is a private corporation based in CARMEL, IN. The foundation received its IRS ruling in 2008. The principal officer is Gary S Aletto. It holds total assets of $640K. Annual income is reported at $902K. Total assets have grown from $10K in 2011 to $336K in 2023. The foundation is governed by 4 officers and trustees. Donations made during the year to various public charities. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Indiana and Pennsylvania. According to available records, Aletto Family Foundation Inc. has made 26 grants totaling $304K, with a median grant of $6K. Annual giving has grown from $44K in 2020 to $210K in 2022. Individual grants have ranged from $500 to $53K, with an average award of $12K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in Indiana and Pennsylvania. Contributions to this foundation are tax-deductible.
Aletto Family Foundation Inc. reported 26 individual grants totaling $304,300 between 2020 and 2022 across its IRS Form 990-PF filings, with a median grant of $5,500. Half of those grants fell between $4,100 and $10,000. Its largest single grant in the record was $53,000. Its most recent available filing, for fiscal year 2023, reports $95,023 in total giving.
Grantmaking is concentrated in IN, which received 22 of the 26 grants on record (85 percent). Of its 9 distinct grantees, 78 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Carmel Dads Club ($110,800), Butler University ($100,000) and Duquesne University ($40,000).
Computed from 26 individual grant records (2020–2022) in this foundation's IRS Form 990-PF Part XV filings, reaching 2 states. Source: IRS 990-PF.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$7K
Largest Grant
$25K
Based on 6 grants from the most recent 990-PF filing.
Donations made during the year to various public charities.
Expenses: $50K
Donations made during the year to various public charities. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in IN, PA.
Aletto Family Foundation Inc. has distributed a total of $304K across 26 grants. The median grant size is $6K, with an average of $12K. Individual grants have ranged from $500 to $53K.
Aletto Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Aletto Family Foundation Inc. is headquartered in CARMEL, IN. While based in IN, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brienne Aletto | OFFICER | $0 | $0 | N/A |
| Gary Aletto | OFFICER | $0 | $0 | N/A |
| Ashley Aletto | OFFICER | $0 | $0 | N/A |
| Braden Aletto | OFFICER | $0 | $0 | N/A |
Total Giving
$95K
Total Assets
$336K
Fair Market Value
$378K
Net Worth
$336K
Grants Paid
$94K
Contributions
$59K
Net Investment Income
$38K
Distribution Amount
$17K
Total: $57K
Total Grants
26
Total Giving
$304K
Average Grant
$12K
Median Grant
$6K
Unique Recipients
9
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Carmel Dads ClubGENERAL FUND | Carmel, IN | $53K | 2022 |
| Butler UniversityGENERAL FUND | Indianapolis, IN | $25K | 2022 |
| Duquesne UniversityGENERAL FUND | Pittsburgh, PA | $10K | 2022 |
| 500 Festival FoundationGENERAL FUND | Indianapolis, IN | $6K | 2022 |
| Children'S TheraplayGENERAL FUND | Carmel, IN | $5K | 2022 |
| Children'S Museum Of Indianapolis IncGENERAL FUND | Indianapolis, IN | $5K | 2022 |
| Village Of Merici IncGENERAL FUND | Indianapolis, IN | $1K | 2022 |
| Indiana Golf FoundationGENERAL FUND | Franklin, IN | $500 | 2021 |
| Cornea Research FoundationGENERAL FUND | Indianapolis, IN | $2K | 2020 |
INDIANAPOLIS, IN
INDIANAPOLIS, IN
MERRILLVILLE, IN