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Olivetti Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 1962. The principal officer is Foundation Source. It holds total assets of $921K. Annual income is reported at $31K. Total assets have decreased from $1.4M in 2011 to $963K in 2023. The foundation is governed by 6 officers and trustees. 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 New York and Nevada. According to available records, Olivetti Foundation Inc. has made 19 grants totaling $194K, with a median grant of $10K. Annual giving has grown from $36K in 2021 to $51K in 2023. Grantmaking activity was highest in 2022 with $107K distributed across 12 grants. Individual grants have ranged from $1K to $25K, with an average award of $10K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in New York, Nevada, South Carolina, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$10K
Average Grant
$13K
Largest Grant
$25K
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.
Olivetti Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in NY, NV, SC.
Olivetti Foundation Inc. has distributed a total of $194K across 19 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $1K to $25K.
Olivetti Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Olivetti Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marc Olivetti | Dir, Treas | $2K | $0 | $2K |
| Cristina Spencer | Dir | $2K | $0 | $2K |
| Peter Olivetti | Dir | $2K | $0 | $2K |
| Connie Olivetti | VP, Dir | $2K | $0 | $2K |
| Jaffray K Olivetti Mcmorrow | Dir, Sec | $2K | $0 | $2K |
| Philip Olivetti | Pres, Dir | $2K | $0 | $2K |
Total Giving
$78K
Total Assets
$963K
Fair Market Value
$1.2M
Net Worth
$963K
Grants Paid
$51K
Contributions
N/A
Net Investment Income
$19K
Distribution Amount
$60K
Total Grants
19
Total Giving
$194K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American-Italian Cancer FoundationGeneral & Unrestricted | New York, NY | $25K | 2023 |
| Childrens Heart FoundationWe Heart Maggie | Las Vegas, NV | $10K | 2023 |
| The Episcopal Church In South Carolinadiocese OfGeneral & Unrestricted | Mt Pleasant, SC | $10K | 2023 |
| College Of CharlestonGeneral & Unrestricted | Charleston, SC | $10K | 2022 |
| Footlight Players IncGeneral & Unrestricted | Charleston, SC | $3K | 2022 |
| Kindness Conquers Foundation IncGeneral & Unrestricted | Las Vegas, NV | $3K | 2022 |
| Promising PagesCharitable Event | Charlotte, NC | $1K | 2021 |