//
Also known as: C/O LISA TURNGREN
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Frank & Ruth E Caruso Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2003. The principal officer is Lisa Turngren. It holds total assets of $4.1M. Annual income is reported at $4.5M. 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 2020 to 2023. Grantmaking is concentrated in New York. According to available records, Frank & Ruth E Caruso Foundation Inc. has made 52 grants totaling $610K, with a median grant of $12K. The foundation has distributed between $136K and $314K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $314K distributed across 24 grants. Individual grants have ranged from $500 to $20K, with an average award of $12K. The foundation has supported 21 unique organizations. Grants have been distributed to organizations in New York and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$14K
Average Grant
$13K
Largest Grant
$20K
Based on 12 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 & Ruth E Caruso Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in NY, NJ.
Frank & Ruth E Caruso Foundation Inc. has distributed a total of $610K across 52 grants. The median grant size is $12K, with an average of $12K. Individual grants have ranged from $500 to $20K.
Frank & Ruth E Caruso Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Frank & Ruth E Caruso Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lisa Turngren | PRESIDENT | $80K | $6K | $86K |
| Edward Turngren | VICE PRESIDENT | $2K | $0 | $2K |
| Carmela Turngren | SECRETARY | $2K | $0 | $2K |
Total Giving
$262K
Total Assets
$4.1M
Fair Market Value
$4.3M
Net Worth
$4.1M
Grants Paid
$136K
Contributions
N/A
Net Investment Income
$281K
Distribution Amount
$208K
Total: $3.2M
Total Grants
52
Total Giving
$610K
Average Grant
$12K
Median Grant
$12K
Unique Recipients
21
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New York Center For ChildrenGENERAL OPERATING SUPPORT | New York, NY | $20K | 2023 |
| Brooklyn Conservatory Of MusicMUSIC THERAPY PROGRAM | Brooklyn, NY | $20K | 2023 |
| The Art Therapy ProjectGENERAL OPERATING SUPPORT | New York, NY | $20K | 2023 |
| Artistic NoiseART THERAPY PROGRAM | New York, NY | $18K | 2023 |
| Day OneMENTAL HEALTH PROGRAMS | New York, NY | $16K | 2023 |
| Willie Mae Rock Camp For GirlsGENERAL OPERATING SUPPORT | Brooklyn, NY | $12K | 2023 |
| Center For Anti-Violence EducationGENERAL OPERATING SUPPORT | Brooklyn, NY | $12K | 2023 |
| Possibility ProjectGENERAL OPERATING SUPPORT | New York, NY | $10K | 2023 |
| Children Of PromiseMENTAL HEALTH / ART THERAPY PROGRAMS | Brooklyn, NY | $5K | 2023 |
| A Fair Shake For YouthGENERAL OPERATING SUPPORT | New York, NY | $2K | 2023 |
| Brooklyn Converatory Of MusicMUSIC THERAPY PROGRAM | Brooklyn, NY | $18K | 2022 |
| Right To BeBYSTANDER INTERVENTION PROGRAM | Brooklyn, NY | $8K | 2022 |
| Gina Gibney DanceMOVE TO MOVE BEYOND PROGRAM | New York, NY | $5K | 2022 |
| Extreme Kids And CrewGENERAL OPERATING SUPPORT | Brooklyn, NY | $14K | 2020 |
| Project ArtGENERAL OPERATING SUPPORT | Brooklyn, NY | $11K | 2020 |
| Upbeat NycGENERAL OPERATING SUPPORT | Bronx, NY | $10K | 2020 |
| Groundswell Community Mural ProjectGENERAL OPERATING SUPPORT | Brooklyn, NY | $8K | 2020 |
| HollabackGENERAL OPERATING SUPPORT | Brooklyn, NY | $8K | 2020 |
| Time In Childrens Art InitiativeGENERAL OPERATING SUPPORT | Brooklyn, NY | $5K | 2020 |
| Riverview Medical Center FoundationCOVID-19 EMERGENCY RELIEF FUND | Red Bank, NJ | $3K | 2020 |