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Also known as: CHARITABLE FOUNDATION
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Michael & Suzanne Carusillo Charitable Foundation is a private trust based in ITASCA, IL. The foundation received its IRS ruling in 1996. The principal officer is Michael Carusillo. It holds total assets of $28K. Annual income is reported at $215K. Total assets have grown from $2K in 2011 to $25K in 2023. The foundation is governed by 2 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. The foundation primarily funds organizations in Illinois and Florida. According to available records, Michael & Suzanne Carusillo Charitable Foundation has made 23 grants totaling $669K, with a median grant of $4K. Annual giving has grown from $61K in 2020 to $88K in 2023. Grantmaking activity was highest in 2022 with $520K distributed across 12 grants. Individual grants have ranged from $1K to $200K, with an average award of $29K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Minnesota, Illinois, Vermont, which account for 52% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$15K
Largest Grant
$50K
Based on 4 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.
Michael & Suzanne Carusillo Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in MN, IL, VT.
Michael & Suzanne Carusillo Charitable Foundation has distributed a total of $669K across 23 grants. The median grant size is $4K, with an average of $29K. Individual grants have ranged from $1K to $200K.
Michael & Suzanne Carusillo Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael & Suzanne Carusillo Charitable Foundation is headquartered in ITASCA, IL. While based in IL, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Carusillo | TRUSTEE | $0 | $0 | N/A |
| Suzanne Carusillo | TRUSTEE | $0 | $0 | N/A |
Total Giving
$88K
Total Assets
$25K
Fair Market Value
$25K
Net Worth
$25K
Grants Paid
$88K
Contributions
$95K
Net Investment Income
N/A
Distribution Amount
$1K
Total Grants
23
Total Giving
$669K
Average Grant
$29K
Median Grant
$4K
Unique Recipients
14
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Middlebury CollegeCreating opportunities and empowering students. | Middlebury, VT | $50K | 2023 |
| St Nicholas Cathedral SchoolProvide students with quality education. | Chicago, IL | $25K | 2023 |
| Evans Scholars FoundationProviding scholarships. | Glenview, IL | $5K | 2023 |
| American Farm SchoolScholarship Program | New York, NY | $3K | 2023 |
| Usta NorthernSupport women through community, connection, and education. | Eagan, MN | $3K | 2023 |
| Beyond Breath WellnessSupport program services. | Jacksonville, FL | $2K | 2023 |
| GtmProtecting coastal and estuarine habitats in northeast Florida | Point Vedra Beach, FL | $2K | 2023 |
| Mayo ClinicSupporting life-changing therapies, surgical procedures and technologies. | Rochester, MN | $200K | 2022 |
| Gabriel House Of CareSupport program services. | Jacksonville, FL | $5K | 2022 |
| Womens Wellness FestSupport women through community, connection, and education. | Jacksonville, FL | $2K | 2022 |
| Illinois Pga FoundationFunds for OSF Healthcare Children's Hospital. | Golf, IL | $1K | 2022 |
| Marist High SchoolFOR CATHOLIC CO-ED COLLEGE PREP EDUCATION AND TUITION ASSISTANCE | Chicago, IL | $50K | 2020 |
| Butler National Scholarship FundTHE BUTLER NATIONAL SCHOLARSHIP FUND FOR TUITION ASSISTANCE | Oak Brook, IL | $5K | 2020 |
| University Of North Florida FdnTO CREATE A DIVERSE AND INCLUSIVE LEARNING ENVIRONMENT AND PROVIDE EXCEPTIONAL ACAGEMIC AND RESEARCH OPPORTUNITIES | Jacksonville, FL | $2K | 2020 |