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Passano Foundation Inc. is a private corporation based in BALTIMORE, MD. The foundation received its IRS ruling in 1944. The principal officer is Bank Of America Na. It holds total assets of $629K. Annual income is reported at $55K. Total assets have decreased from $1.3M in 2011 to $646K in 2023. The foundation is governed by 3 officers and trustees. 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, Passano Foundation Inc. has made 11 grants totaling $185K, with a median grant of $10K. Annual giving has grown from $25K in 2020 to $45K in 2023. Grantmaking activity was highest in 2022 with $90K distributed across 6 grants. Individual grants have ranged from $10K to $25K, with an average award of $17K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Maryland, California, Massachusetts, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. 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.
Passano Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in MD, CA, MA.
Passano Foundation Inc. has distributed a total of $185K across 11 grants. The median grant size is $10K, with an average of $17K. Individual grants have ranged from $10K to $25K.
Passano Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Passano Foundation Inc. is headquartered in BALTIMORE, MD. While based in MD, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| E Magruder Passano Jr | CHAIRMAN | $0 | $0 | N/A |
| Catherine Passano Mcdonnell | VICE-CHAIRMAN | $0 | $0 | N/A |
| Tammy Passano Wiggs | TREASURER | $0 | $0 | N/A |
Total Giving
$77K
Total Assets
$646K
Fair Market Value
$856K
Net Worth
$646K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$105K
Distribution Amount
$39K
Total Grants
11
Total Giving
$185K
Average Grant
$17K
Median Grant
$10K
Unique Recipients
5
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Maryland School Of MedicineGENERAL OPERATIONS. | Baltimore, MD | $25K | 2023 |
| John Hopkins UniversityGENERAL OPERATIONS. | Baltimore, MD | $10K | 2023 |
| Sa-Jin Lee - 2023 Passano Award RecAWARD \ | Farmington, CT | $10K | 2023 |
| David S Eisenberg Phd - Passano LauAWARD. | Boston, MA | $10K | 2022 |
| Alfred L Golderg Phd - Passano LaurAWARD. | Los Angeles, CA | $10K | 2022 |