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Also known as: FOUNDATION INC
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Gerald And Carol Galgano Foundation Inc. is a private corporation based in BELMAR, NJ. The foundation received its IRS ruling in 2004. The principal officer is Gerald Galgano. It holds total assets of $185K. Annual income is reported at $105K. Total assets have decreased from $709K in 2011 to $185K in 2024. The foundation is governed by 4 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 2024. The foundation primarily funds organizations in New Jersey, New York and Pennsylvania. According to available records, Gerald And Carol Galgano Foundation Inc. has made 8 grants totaling $166K, with a median grant of $13K. The foundation has distributed between $82K and $84K annually from 2021 to 2022. Individual grants have ranged from $1K to $65K, with an average award of $21K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Pennsylvania and New York and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$15K
Average Grant
$27K
Largest Grant
$65K
Based on 3 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.
Gerald And Carol Galgano Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in PA, NY, NJ.
Gerald And Carol Galgano Foundation Inc. has distributed a total of $166K across 8 grants. The median grant size is $13K, with an average of $21K. Individual grants have ranged from $1K to $65K.
Gerald And Carol Galgano Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Gerald And Carol Galgano Foundation Inc. is headquartered in BELMAR, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jim Galgano | TRUSTEE | $0 | $0 | N/A |
| Gerald A Galgano | TRUSTEE | $0 | $0 | N/A |
| Carol L Galgano | TRUSTEE | $0 | $0 | N/A |
| Cheryl Galgano | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$185K
Fair Market Value
N/A
Net Worth
$185K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
8
Total Giving
$166K
Average Grant
$21K
Median Grant
$13K
Unique Recipients
5
Most Common Grant
$15K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Muhlenberg CollegeEDUCATION | Allentown, PA | $47K | 2022 |
| Faces At Nyu Langone HealthCHARITABLE | New York, NY | $15K | 2022 |
| Cento AmiciEDUCATION | Warren, NJ | $11K | 2022 |
| Caring At ColumbiaCHARITABLE | New York, NY | $10K | 2022 |
| Summit Speech SchoolCHARITABLE | New Providence, NJ | $1K | 2022 |