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Foundation Source 002077 Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2022. The principal officer is % Foundation Source. It holds total assets of $4.7M. Annual income is reported at $1.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Foundation Source 002077 Inc. has made 20 grants totaling $392K, with a median grant of $10K. The foundation has distributed between $188K and $204K annually from 2022 to 2023. Individual grants have ranged from $1K to $100K, with an average award of $20K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Rhode Island, Pennsylvania, Georgia, which account for 55% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Foundation Source 002077 Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in RI, PA, GA.
Foundation Source 002077 Inc. has distributed a total of $392K across 20 grants. The median grant size is $10K, with an average of $20K. Individual grants have ranged from $1K to $100K.
Foundation Source 002077 Inc. typically selects its grantees rather than accepting unsolicited proposals.
Foundation Source 002077 Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kristen V Merlo | Dir | $0 | $0 | $0 |
| Larry J Merlo | Dir, Pres, Sec, Treas | $0 | $0 | $0 |
| Leeann E Merlo | Dir | $0 | $0 | $0 |
Total Giving
$254K
Total Assets
$4.7M
Fair Market Value
$5M
Net Worth
$4.7M
Grants Paid
$204K
Contributions
$0
Net Investment Income
$71K
Distribution Amount
$235K
Total Grants
20
Total Giving
$392K
Average Grant
$20K
Median Grant
$10K
Unique Recipients
8
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of PittsburghLarry and LeeAnn Merlo Student Leadership Award Scholarship Fund | Pittsburgh, PA | $100K | 2023 |
| Boys And Girls Clubs Of ProvidenceGeneral & Unrestricted | Providence, RI | $50K | 2023 |
| Women & Infants Hospital Of Rhode IslandGeneral & Unrestricted | Providence, RI | $25K | 2023 |
| Arthritis Foundation IncGeneral & Unrestricted | Atlanta, GA | $10K | 2023 |
| Lincoln SchoolGeneral & Unrestricted | Providence, RI | $10K |
| 2023 |
| Love4paws IncGeneral & Unrestricted | Sarasota, FL | $5K | 2023 |
| Humane Society Of The United StatesGeneral & Unrestricted | Washington, DC | $2K | 2023 |
| American Society For The Prevention Of Cruelty ToGeneral & Unrestricted | Washington, DC | $2K | 2023 |
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