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Paparella Family Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1999. It holds total assets of $11.6M. Annual income is reported at $12.1M. Total assets have grown from $148K in 2011 to $443K in 2023. The foundation is governed by 7 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 2020 to 2023. According to available records, Paparella Family Foundation has made 8 grants totaling $372K, with a median grant of $33K. Annual giving has grown from $46K in 2020 to $121K in 2023. Grantmaking activity was highest in 2022 with $205K distributed across 4 grants. Individual grants have ranged from $4K to $98K, with an average award of $46K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Minnesota and Colorado. Contributions to this foundation are tax-deductible.
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.
Paparella Family Foundation 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 MN, CO.
Paparella Family Foundation has distributed a total of $372K across 8 grants. The median grant size is $33K, with an average of $46K. Individual grants have ranged from $4K to $98K.
Paparella Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Paparella Family Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Paparella | PRESIDENT | $0 | $0 | N/A |
| Treva Paparella | SECRETARY/TREASURER | $0 | $0 | N/A |
| Mark Paparella | VICE PRESIDENT | $0 | $0 | N/A |
| Steve Paparella | DIRECTOR | $0 | $0 | N/A |
| H Theodore Grindal | DIRECTOR | $0 | $0 | N/A |
| Laura Da Bruzzi | DIRECTOR | $0 | $0 | N/A |
| Bevan Yueh Md | DIRECTOR | $0 | $0 | N/A |
Total Giving
$136K
Total Assets
$443K
Fair Market Value
$2.2M
Net Worth
$443K
Grants Paid
$121K
Contributions
N/A
Net Investment Income
$21K
Distribution Amount
$102K
Total Grants
8
Total Giving
$372K
Average Grant
$46K
Median Grant
$33K
Unique Recipients
4
Most Common Grant
$98K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MinnesotaSCHOLARS | Minneapolis, MN | $20K | 2023 |
| International Hearing FoundationGENERAL OPERATING | Minneapolis, MN | $96K | 2023 |
| Turtle EffectSCHOLARS | Colorado Springs, CO | $5K | 2023 |
| Rafael Dacosta MonsantoRESEARCH | Minneapolis, MN | $4K | 2022 |