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Italian Community Center Charitable Trust is a private trust based in LYNN, MA. The foundation received its IRS ruling in 2020. The principal officer is Donna Manzo. It holds total assets of $85K. Annual income is reported at $3K. The Investment is an annuity. The principal accrues interest. The interest is distributed as scholarships. The amount of $1,977 was given out as scholarships in June of 2022. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. According to available records, Italian Community Center Charitable Trust has made 9 grants totaling $7K, with a median grant of $659. Annual giving has grown from $3K in 2021 to $4K in 2022. Individual grants have ranged from $659 to $1K, with an average award of $772.667. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
The Investment is an annuity. The principal accrues interest. The interest is distributed as scholarships. The amount of 1858 will be given out as scholarships in June of 2021. Scholarships were not given out in the 2020 school year because schools were closed due to the Covid Pandemic.
The Investment is an annuity. The principal accrues interest. The interest is distributed as scholarships. The amount of $1,977 was given out as scholarships in June of 2022. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in MA.
Italian Community Center Charitable Trust has distributed a total of $7K across 9 grants. The median grant size is $659, with an average of $772.667. Individual grants have ranged from $659 to $1K.
Italian Community Center Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Italian Community Center Charitable Trust is headquartered in LYNN, MA.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
N/A
Total Assets
$85K
Fair Market Value
N/A
Net Worth
$85K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
9
Total Giving
$7K
Average Grant
$772.667
Median Grant
$659
Unique Recipients
6
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Adriana ParisiScholarship for college | Lynnfield, MA | $659 | 2022 |
| Aleana Rose BenedettoScholarship for college | Lynn, MA | $659 | 2022 |
| Alexis Rose LutiScholarship for college | Lynn, MA | $659 | 2022 |
| Noelle CoteScholarship given to high school students to use for college. | Lynn, MA | $1K | 2021 |
| Lily BrownScholarship given to high school students to use for college. | Swampscott, MA | $1K | 2021 |
| Taylor GuaraccinoScholarship given to high school students to use for college. | Lynnfield, MA | $1K | 2021 |