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Frank J B & Emma S Varallo Foundation Trust is a private trust based in CHATTANOOGA, TN. The foundation received its IRS ruling in 1989. It holds total assets of $24.1M. Annual income is reported at $3M. Total assets have grown from $681K in 2010 to $24.1M in 2024. The foundation is governed by 4 officers and trustees. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Tennessee. According to available records, Frank J B & Emma S Varallo Foundation Trust has made 93 grants totaling $1.3M, with a median grant of $5K. Annual giving has grown from $179K in 2020 to $634K in 2022. Individual grants have ranged from $1K to $186K, with an average award of $14K. The foundation has supported 52 unique organizations. The foundation primarily supports organizations in Tennessee, Maryland, Georgia, which account for 95% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$14K
Largest Grant
$122K
Based on 32 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.
Frank J B & Emma S Varallo Foundation Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 93 grants. Its grantmaking reaches organizations primarily in TN, MD, GA.
Frank J B & Emma S Varallo Foundation Trust has distributed a total of $1.3M across 93 grants. The median grant size is $5K, with an average of $14K. Individual grants have ranged from $1K to $186K.
The application deadline is DECEMBER 1ST..
Frank J B & Emma S Varallo Foundation Trust is headquartered in CHATTANOOGA, TN. While based in TN, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John T Decosimo | TRUSTEE | $0 | $0 | N/A |
| Robert F Decosimo | SECRETARY | $0 | $0 | N/A |
| Joseph F Decosimo | CHAIRMAN | $0 | $0 | N/A |
| Joseph D Decosimo | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$24.1M
Fair Market Value
N/A
Net Worth
$24.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
93
Total Giving
$1.3M
Average Grant
$14K
Median Grant
$5K
Unique Recipients
52
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United WayOPERATING FUNDS | Chattanooga, TN | $25K | 2022 |
| Prison Prevention MinistriesOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Men Of ValorOPERATING FUNDS | Antioch, TN | $5K | 2022 |
| The Generosity TrustOPERATING FUNDS | Chattanooga, TN | $186K | 2022 |
| Bible In The SchoolsOPERATING FUNDS | Chattanooga, TN | $110K | 2022 |
| The Faith Based & Community Initiative FoundationOPERATING FUNDS | Chattanooga, TN | $65K | 2022 |
| The Creative Discovery MuseumOPERATING FUNDS | Chattanooga, TN | $60K | 2022 |
| Siskin HospitalOPERATING FUNDS | Chattanooga, TN | $50K | 2022 |
| Medal Of Honor Heritage CenterOPERATING FUNDS | Chattanooga, TN | $15K | 2022 |
| Grace AcademyOPERATING FUND | Chattanooga, TN | $15K | 2022 |
| The Salvation ArmyOPERATING FUNDS | Chattanooga, TN | $10K | 2022 |
| Ymca Community ProgramOPERATING FUNDS | Chattanooga, TN | $8K | 2022 |
| The Beacon Center Of TennesseeOPERATING FUNDS | Nashville, TN | $8K | 2022 |
| Chattanooga CruOPERATING FUNDS | Chattanooga, TN | $6K | 2022 |
| Cherokee Area CouncilOPERATING FUNDS | Chattanooga, TN | $6K | 2022 |
| UcfiOPERATING FUNDS | Baltimore, MD | $5K | 2022 |
| The Union Gospel MissionOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Adult And Teen Challenge MidsouthOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Chattanooga Sports MinistriesOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Child Evangelism Fellowship IncOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Children'S Nutrition Program Of HaitiOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Friends Of Chattanooga PrepOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Orange Grove CenterOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Project Return ChattanoogaOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Reflection RidingOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Warrior Freedom Service Dogs IncOPERATING FUNDS | Flintstone, GA | $5K | 2022 |
| Hamilton FlourishingOPERATING FUNDS | Chattanooga, TN | $5K | 2022 |
| Elmington ElevatesOPERATING FUNDS | Nashville, TN | $1K | 2022 |
| Bethel Bible VillageOPERATING FUNDS | Hixson, TN | $50K | 2021 |
| Chattanooga Christian SchoolOPERATING FUNDS | Chattanooga, TN | $35K | 2021 |
| The Generosity Trust Kingdom PartnersOPERATING FUNDS | Chattanooga, TN | $11K | 2021 |
| Chattanooga Girls Leadership AcademyOPERATING FUNDS | Chattanooga, TN | $10K | 2021 |
| Chambliss Center For ChildrenOPERATING FUNDS | Chattanooga, TN | $10K | 2021 |
| Children'S Hospital At ErlangerOPERATING FUNDS | Chattanooga, TN | $5K | 2021 |
| ChoicesOPERATING FUNDS | Chattanooga, TN | $5K | 2021 |
| First Things First IncOPERATING FUNDS | Chattanooga, TN | $5K | 2021 |
| Tivoli Theatre Foundation IncOPERATING FUNDS | Chattanooga, TN | $5K | 2021 |