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Also known as: CHARITABLE TRUST
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Richard And Margaret Romano Charitable Trust is a private trust based in EVANSTON, IL. The foundation received its IRS ruling in 2006. It holds total assets of $6.8M. Annual income is reported at $4M. Total assets have grown from $494K in 2011 to $5.7M 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. The foundation primarily funds organizations in Illinois, Florida and North Carolina. According to available records, Richard And Margaret Romano Charitable Trust has made 3 grants totaling $1.6M, with a median grant of $510K. Annual giving has decreased from $1M in 2022 to $605K in 2023. Individual grants have ranged from $510K to $605K, with an average award of $542K. Grant recipients are concentrated in Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$3K
Average Grant
$5K
Largest Grant
$39K
Based on 38 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.
Richard And Margaret Romano Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in FL.
Richard And Margaret Romano Charitable Trust has distributed a total of $1.6M across 3 grants. The median grant size is $510K, with an average of $542K. Individual grants have ranged from $510K to $605K.
Richard And Margaret Romano Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Richard And Margaret Romano Charitable Trust is headquartered in EVANSTON, IL. The foundation primarily funds organizations in Illinois, Florida, North Carolina.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathryn R Mayer | TRUSTEE | $8K | $0 | $8K |
| James D Romano | TRUSTEE | $0 | $0 | N/A |
| Natalie Romano | TRUSTEE | $0 | $0 | N/A |
| Robert S Mayer | TRUSTEE | $0 | $0 | N/A |
| Vanessa Romano | TRUSTEE | $0 | $0 | N/A |
| Richard C Romano | TRUSTEE | $0 | $0 | N/A |
| Joseph Rv Romano | TRUSTEE | $0 | $0 | N/A |
Total Giving
$646K
Total Assets
$5.7M
Fair Market Value
$7.2M
Net Worth
$5.7M
Grants Paid
$605K
Contributions
$1.2M
Net Investment Income
$218K
Distribution Amount
$331K
Total: $5.6M
Total Grants
3
Total Giving
$1.6M
Average Grant
$542K
Median Grant
$510K
Unique Recipients
1
Most Common Grant
$510K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Schwab Charitable FundDONOR-ADVISED FUND | Orlando, FL | $605K | 2023 |