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Costello Family Foundation Inc. is a private corporation based in LISLE, IL. The foundation received its IRS ruling in 2009. The principal officer is Michael J Costello. It holds total assets of $2.1M. Annual income is reported at $686K. Total assets have grown from $1.3M in 2011 to $2.3M in 2023. The foundation is governed by 3 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 2016 to 2023. Funding is distributed across 5 states, including Florida, Illinois, Colorado. According to available records, Costello Family Foundation Inc. has made 33 grants totaling $896K, with a median grant of $4K. Annual giving has grown from $33K in 2020 to $470K in 2023. Individual grants have ranged from $510 to $395K, with an average award of $27K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in North Carolina, Florida, Illinois, which account for 67% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$510
Median Grant
$1K
Average Grant
$4K
Largest Grant
$14K
Based on 9 grants from the most recent 990-PF filing.
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.
Costello Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in NC, FL, IL.
Costello Family Foundation Inc. has distributed a total of $896K across 33 grants. The median grant size is $4K, with an average of $27K. Individual grants have ranged from $510 to $395K.
Costello Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Costello Family Foundation Inc. is headquartered in LISLE, IL. While based in IL, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dominic V Costello | VICE-PRES | $0 | $0 | N/A |
| Michael J Costello Ii | PRESIDENT | $0 | $0 | N/A |
| Lisa M Costello | SEC-TREAS | $0 | $0 | N/A |
Total Giving
$499K
Total Assets
$2.3M
Fair Market Value
$2.3M
Net Worth
$2.3M
Grants Paid
$472K
Contributions
$385K
Net Investment Income
$20K
Distribution Amount
$50K
Total: N/A
Total Grants
33
Total Giving
$896K
Average Grant
$27K
Median Grant
$4K
Unique Recipients
15
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S Home AssociationDONATION | Peoria, IL | $5K | 2022 |
| Shriner'S HospitalDONATION | Tampa, FL | $510 | 2021 |
| Calvary ChapelDONATION | Fort Lauderdale, FL | $14K | 2020 |
| Abccm Costello HouseDONATION | Asheville, NC | $395K | 2023 |
| Cross Pointe OcalaDONATION | Ocala, FL | $60K | 2023 |
| Education For LifeDONATION | Nevada City, CA | $5K | 2023 |
| FcaDONATION | Kansas City, MO | $3K | 2023 |
| Breakthrough Urban MinistriesDONATION | Chicago, IL | $3K | 2023 |
| Turning Point MinistriesDONATION | Bonita Springs, FL | $3K | 2023 |
| Asheville Buncomb Community ChristDONATION | Asheville, NC | $1K | 2023 |
| 4kids Of South FloridaDONATION | Fort Lauderdale, FL | $6K | 2022 |
| St Jude'S HospitalDONATION | Memphis, TN | $1K | 2022 |
| John Hagee MinistriesDONATION | San Antonio, TX | $8K | 2021 |
| Compassion InternationalDONATION | Colorado Springs, CO | $760 | 2021 |
| Mercy HomeDONATION | Chicago, IL | $1K | 2020 |