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Picabu Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2022. The principal officer is Foundation Source. It holds total assets of $1.3M. Annual income is reported at $986K. Total assets have grown from N/A in 2021 to $1.3M 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 2021 to 2023. According to available records, Picabu Foundation has made 4 grants totaling $79K, with a median grant of $17K. Individual grants have ranged from $5K to $40K, with an average award of $20K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Connecticut and New York. 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.
Picabu Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in CT, NY.
Picabu Foundation has distributed a total of $79K across 4 grants. The median grant size is $17K, with an average of $20K. Individual grants have ranged from $5K to $40K.
Picabu Foundation typically selects its grantees rather than accepting unsolicited proposals.
Picabu Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Picard | Dir, Pres | $0 | $0 | N/A |
| Jumana Abu-Ghazaleh | Dir, Sec, Treas | $0 | $0 | N/A |
Total Giving
$91K
Total Assets
$1.3M
Fair Market Value
$1.5M
Net Worth
$1.3M
Grants Paid
$79K
Contributions
$1.4M
Net Investment Income
$58K
Distribution Amount
$34K
Total: $1.3M
Total Grants
4
Total Giving
$79K
Average Grant
$20K
Median Grant
$17K
Unique Recipients
4
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pivot For Humanity IncGeneral & Unrestricted | Norwalk, CT | $40K | 2023 |
| Rockhouse FoundationGeneral & Unrestricted | New York, NY | $24K | 2023 |
| Shotgun Productions Inc"Act Two" | New York, NY | $10K | 2023 |
| The Multiple Myeloma Research Foundation IncGeneral & Unrestricted | Norwalk, CT | $5K | 2023 |