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Galasso Foundation is a private trust based in CLARENCE, NY. The foundation received its IRS ruling in 1963. It holds total assets of $8.3M. Annual income is reported at $4.3M. The foundation is governed by 6 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. Grantmaking is concentrated in New York. According to available records, Galasso Foundation has made 153 grants totaling $1.2M, with a median grant of $3K. The foundation has distributed between $334K and $496K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $496K distributed across 74 grants. Individual grants have ranged from $100 to $85K, with an average award of $8K. The foundation has supported 59 unique organizations. The foundation primarily supports organizations in New York, Iowa, Pennsylvania, which account for 98% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$5K
Average Grant
$9K
Largest Grant
$50K
Based on 44 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.
Galasso Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 153 grants. Its grantmaking reaches organizations primarily in NY, IA, PA.
Galasso Foundation has distributed a total of $1.2M across 153 grants. The median grant size is $3K, with an average of $8K. Individual grants have ranged from $100 to $85K.
Galasso Foundation typically selects its grantees rather than accepting unsolicited proposals.
Galasso Foundation is headquartered in CLARENCE, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| August J Gillon | Trustee | $10K | $0 | $10K |
| Paul M Gonzalez | Trustee | $10K | $0 | $10K |
| J Michael Kelleher | Trustee | $10K | $0 | $10K |
| Emil J Galasso | Trustee | $10K | $0 | $10K |
| Rev Mgr David G Lipuma | Trustee | $10K | $0 | $10K |
| James P Gonzalez | Trustee | $5K | $0 | $5K |
Total Giving
$545K
Total Assets
$8.4M
Fair Market Value
$8.7M
Net Worth
$8.4M
Grants Paid
$334K
Contributions
N/A
Net Investment Income
$344K
Distribution Amount
$415K
Total Grants
153
Total Giving
$1.2M
Average Grant
$8K
Median Grant
$3K
Unique Recipients
59
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Mary'S High SchoolContribution | Lancaster, NY | $81K | 2023 |
| Wings Of HopeContribution | Council Bluffs, IA | $500 | 2023 |
| Our Lady Of Victory BasilicaContribution | Lackawanna, NY | $85K | 2023 |
| Regional Food Bank Of NortheasternContribution | Latham, NY | $28K | 2023 |
| St Bonaventure UniversityContribution | St Bonaventure, NY | $25K | 2023 |
| Cobleskill Community Activities FouProgram Support | Cobleskill, NY | $10K | 2023 |
| Feedmore Wny FoundationContribution | Buffalo, NY | $10K | 2023 |
| St Mary'S Elementary SchoolContribution | Lancaster, NY | $10K | 2023 |
| Family Promise Of WnyContribution | Buffalo, NY | $10K | 2023 |
| Epiphany United Church Of ChristContribution | Clarence Center, NY | $7K | 2023 |
| Big Big TableContribution | Buffalo, NY | $7K | 2023 |
| Our Lady Of Pompeii ChurchContribution | Lancaster, NY | $6K | 2023 |
| Sisters Of Saint FrancisContribution | Williamsville, NY | $6K | 2023 |
| Canisius CollegeScholarship Fund | Buffalo, NY | $5K | 2023 |
| Seneca Falls Rotary Service FoundatContribution | Seneca Falls, NY | $5K | 2023 |
| House Of ConcernContribution | Seneca Falls, NY | $5K | 2023 |
| Visually Impaired AdvancementContribution | Buffalo, NY | $5K | 2023 |
| Bridge Of Hope IncContribution | Exton, PA | $5K | 2023 |
| St John The Baptist SchoolTuition Assistance | Alden, NY | $4K | 2023 |
| Epiphany ParishContribution | Liverpool, NY | $4K | 2023 |
| Schoharie Free LibraryContribution | Schoharie, NY | $3K | 2023 |
| Middleburgh LibraryContribution | Middleburgh, NY | $3K | 2023 |
| Artpark CompanyContribution | Lewiston, NY | $2K | 2023 |
| St Vincent De Paul ChurchContribution | Cobleskill, NY | $2K | 2023 |
| Pottawattamie County Conservation FContribution | Council Bluffs, IA | $2K | 2023 |
| Buffalo City MissionContribution | Buffalo, NY | $2K | 2023 |
| United Way Of Seneca CountyContribution | Waterloo, NY | $1K | 2023 |
| Zach Liberatore FoundationContribution | Orchard Park, NY | $500 | 2023 |
| Irish Classical Theatre CompanyContribution | Buffalo, NY | $500 | 2023 |
| Catholic Charities Phoenix HouseContribution | Council Bluffs, IA | $500 | 2023 |
| Lancaster New York Historical SocieContribution | Lancaster, NY | $500 | 2023 |
| Lancaster Opera HouseContribution | Lancaster, NY | $500 | 2023 |
| Lancaster Village Merchants AssociaContribution | Lancaster, NY | $500 | 2023 |
| Olv CharitiesContribution | Lakawanna, NY | $500 | 2023 |
| Seneca Falls LibraryContribution | Seneca Falls, NY | $500 | 2023 |
| The Brothers Of MercyContribution | Clarence, NY | $5K | 2022 |
| Mount Ireneaus Co St Bonaventure UnProgram Support | St Bonaventure, NY | $4K | 2022 |