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Colatosti Family Foundation is a private trust based in LEXINGTON, MA. The foundation received its IRS ruling in 2022. It holds total assets of $2.6M. Annual income is reported at $1.2M. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. According to available records, Colatosti Family Foundation has made 28 grants totaling $767K, with a median grant of $6K. Annual giving has decreased from $495K in 2022 to $272K in 2023. Individual grants have ranged from $500 to $100K, with an average award of $27K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Massachusetts, North Carolina, Tennessee, which account for 93% of all grants. Grantmaking reaches organizations across 5 states. 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.
Colatosti Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in MA, NC, TN.
Colatosti Family Foundation has distributed a total of $767K across 28 grants. The median grant size is $6K, with an average of $27K. Individual grants have ranged from $500 to $100K.
Colatosti Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Colatosti Family Foundation is headquartered in LEXINGTON, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Timothy Colatosti | Trustee | $0 | $0 | N/A |
| Thomas Colatosti | Trustee | $0 | $0 | N/A |
| Nancy Colatosti | Trustee | $0 | $0 | N/A |
| Thomas Colatosti Jr | Trustee | $0 | $0 | N/A |
Total Giving
$275K
Total Assets
$2.7M
Fair Market Value
$2.7M
Net Worth
$2.7M
Grants Paid
$272K
Contributions
$673
Net Investment Income
$104K
Distribution Amount
$133K
Total Grants
28
Total Giving
$767K
Average Grant
$27K
Median Grant
$6K
Unique Recipients
17
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boston Higher Education Resource CenterGeneral Support | Boston, MA | $100K | 2023 |
| Elevate New EnglandGeneral Support | Lowell, MA | $75K | 2023 |
| Ron Burton Training VillageGeneral Support | Hubbardston, MA | $35K | 2023 |
| Brigham & Women'S HospitalGeneral Support | Boston, MA | $25K | 2023 |
| Thursday Morning Men'S Breskfast IncGeneral Support | Danvers, MA | $15K | 2023 |
| Gordon Conwell Theological Seminary IncGeneral Support | South Hamilton, MA | $10K | 2023 |
| Boston Trinity AcademyGeneral support | Boston, MA | $3K | 2023 |
| Bangali Christian MinistryGeneral support | Woburn, MA | $2K | 2023 |
| Matthew 28 MinistriesGeneral Support | Charlton, MA | $2K | 2023 |
| Leighton Ford MinistriesGeneral support | Charlotte, NC | $1K | 2023 |
| Massachusetts Organization For Addiction Recovery IncGeneral support | Boston, MA | $1K | 2023 |
| St Jude Children'S Research HospitalGeneral support | Memphis, TN | $1K | 2023 |
| Thomas L Phillips Prayer BreakfastGeneral support | Lexington, MA | $1K | 2023 |
| Palmetto International MissionsGeneral support | Mt Pleasant, SC | $500 | 2023 |
| Holy Name Catholic ChurchGeneral support | Washington, DC | $500 | 2023 |
| Grace Chapel IncGeneral support | Lexington, MA | $500 | 2023 |
| Samaritan'S PurseGeneral Support | Boone, NC | $500 | 2022 |