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Corrao Foundation is a private corporation based in RENO, NV. The foundation received its IRS ruling in 1996. The principal officer is Lud Corrao. It holds total assets of $1.1M. Annual income is reported at $2.2M. Total assets have grown from N/A in 2011 to $1.1M in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. According to available records, Corrao Foundation has made 2 grants totaling $60K, with a median grant of $30K. Individual grants have ranged from $20K to $40K, with an average award of $30K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Nevada. 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.
Corrao Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NV.
Corrao Foundation has distributed a total of $60K across 2 grants. The median grant size is $30K, with an average of $30K. Individual grants have ranged from $20K to $40K.
Corrao Foundation typically selects its grantees rather than accepting unsolicited proposals.
Corrao Foundation is headquartered in RENO, NV.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marc Corrao | PRESIDENT | $0 | $0 | N/A |
| Jeffrey Corrao | TREASURER | $0 | $0 | N/A |
| Alisa Cooper | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.1M
Fair Market Value
N/A
Net Worth
$1.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
2
Total Giving
$60K
Average Grant
$30K
Median Grant
$30K
Unique Recipients
2
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys & Girls Club Of Truckee MeadowsGENERAL CHARITABLE DONATION | Reno, NV | $40K | 2022 |
| Moms On The RunGENERAL CHARITABLE DONATION | Reno, NV | $20K | 2022 |