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Principio Foundation is a private corporation based in LAGUNA BEACH, CA. The foundation received its IRS ruling in 2016. The principal officer is Paul Gallagher. It holds total assets of $549K. Annual income is reported at $64K. The foundation is governed by 1 officer or trustee. 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 California and Minnesota. According to available records, Principio Foundation has made 12 grants totaling $128K, with a median grant of $3K. Annual giving has grown from $32K in 2020 to $40K in 2023. Grantmaking activity was highest in 2022 with $56K distributed across 3 grants. Individual grants have ranged from $268 to $50K, with an average award of $11K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in California and Colorado and Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$268
Median Grant
$500
Average Grant
$6K
Largest Grant
$30K
Based on 5 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.
Principio Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in CA, CO, MN.
Principio Foundation has distributed a total of $128K across 12 grants. The median grant size is $3K, with an average of $11K. Individual grants have ranged from $268 to $50K.
Principio Foundation typically selects its grantees rather than accepting unsolicited proposals.
Principio Foundation is headquartered in LAGUNA BEACH, CA. While based in CA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul Gallagher | PRESIDENT | $0 | $0 | N/A |
Total Giving
$58K
Total Assets
$581K
Fair Market Value
$619K
Net Worth
$581K
Grants Paid
$40K
Contributions
N/A
Net Investment Income
$19K
Distribution Amount
$30K
Total: $524K
Total Grants
12
Total Giving
$128K
Average Grant
$11K
Median Grant
$3K
Unique Recipients
9
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| One MindCHARITABLE PURPOSE | Rutherford, CA | $50K | 2022 |
| Laguna Beach Youth FootballCHARITABLE PURPOSE | Laguna Beach, CA | $20K | 2023 |
| Kid WorksCHARITABLE PURPOSE | Santa Ana, CA | $15K | 2023 |
| Calvary South OcCHARITABLE PURPOSE | San Clemente, CA | $3K | 2023 |
| Community Bible StudyCHARITABLE PURPOSE | Colorado Springs, CO | $3K | 2023 |
| Little Church By The SeaCHARITABLE PURPOSE | Laguna Beach, CA | $620 | 2020 |
| Sally'S FundCHARITABLE PURPOSE | Laguna Beach, CA | $500 | 2020 |
| Crohn'S & Colitis FoundationCHARITABLE PURPOSE | Albert Lea, MN | $500 | 2020 |
| Pregnancy Help CenterCHRITABLE PURPOSE | Torrance, CA | $268 | 2020 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA