//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Formento Family Foundation is a private corporation based in PEORIA, AZ. The foundation received its IRS ruling in 2022. It holds total assets of $1.4M. Annual income is reported at $65K. The foundation is governed by 2 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 2021 to 2024. According to available records, Formento Family Foundation has made 27 grants totaling $423K, with a median grant of $8K. Annual giving has decreased from $277K in 2022 to $146K in 2023. Individual grants have ranged from $5K to $33K, with an average award of $16K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Arizona, Florida, Illinois, which account for 89% 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.
Formento Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in AZ, FL, IL.
Formento Family Foundation has distributed a total of $423K across 27 grants. The median grant size is $8K, with an average of $16K. Individual grants have ranged from $5K to $33K.
Formento Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Formento Family Foundation is headquartered in PEORIA, AZ. While based in AZ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nicholas Formento | TRUSTEE | $0 | $0 | N/A |
| Barabara Formento | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.4M
Fair Market Value
N/A
Net Worth
$1.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
27
Total Giving
$423K
Average Grant
$16K
Median Grant
$8K
Unique Recipients
10
Most Common Grant
$6K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Vincent De PaulTO FEED A HUNGRY NEIGHBOR. | Phoenix, AZ | $33K | 2023 |
| St Marys Food BankTO HELP FEED HUNGRY FAMILIES THROUGHOUT PHOENIX AND NINE ARIZONA COUNTIES. | Phoenix, AZ | $33K | 2023 |
| Food For The PoorTO HELP WITH FUNDING AND FURTHER THEIR MISSIONHELP US SERVE THOSE IN EXTREME POVERTY. WITH YOUR HELP, TO HELP THOSE IN EXTREME POVERTY. | Coconut Creek, FL | $33K | 2023 |
| Billy'S PlaceTO PROVIDE SUPPORT TO CHILDREN AND THEIR FAMILIES THROUGH THEIR GRIEF JOURNEY. | Glendale, AZ | $17K | 2023 |
| The Franciscan FriarsTO SUPPORT AND HELP GOD'S PEOPLE, SHARING THE MESSAGE OF RECONCILIATION, UNITY AND AT-ONE-MENT ON THREE CONTINENTS. | Laveen, AZ | $8K | 2023 |
| Catholic Relief ServicesGENERAL SUPPORT | Baltimore, MD | $6K | 2023 |
| Nph UsaTO PROVIDE PHYSICAL, EMOTIONAL AND SPIRITUAL SUPPORT ON A LONG-TERM BASIS TO DISADVANTAGED CHILDREN. | Chicago, IL | $6K | 2023 |
| Congregation Of Holy CrossTO SUPPORT ONGOING OPERATIONS AND THE CHARISM OF HOLY CROSS. | Phoenix, AZ | $6K | 2023 |
| Tia FoundationTO PROVIDE A LIFETIME OF MEDICAL CARE TO SOME OF THE POOREST PEOPLE IN THE MOST REMOTE AREAS MEXICO. | Phoenix, AZ | $5K | 2023 |
| National Stutter FoundationTO SUPPORT FOR RESEARCH INTO THE CAUSES OF STUTTERING. | Memphis, TN | $5K | 2022 |
TUCSON, AZ
PHOENIX, AZ
PARADISE VLY, AZ