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Also known as: Family Foundation Inc
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Robert B & Marcia M Costello Family Foundation Inc. is a private corporation based in UTICA, MI. The foundation received its IRS ruling in 1997. It holds total assets of $167K. Annual income is reported at $11K. Total assets have decreased from $216K in 2011 to $167K in 2023. The foundation is governed by 5 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 2016 to 2023. The foundation primarily funds organizations in Florida and Kentucky. According to available records, Robert B & Marcia M Costello Family Foundation Inc. has made 16 grants totaling $37K, with a median grant of $2K. The foundation has distributed between $8K and $21K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $21K distributed across 8 grants. Individual grants have ranged from $1K to $3K, with an average award of $2K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Florida and Kentucky and Indiana. Contributions to this foundation are tax-deductible.
Smallest Grant
$653
Median Grant
$2K
Average Grant
$2K
Largest Grant
$3K
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.
Robert B & Marcia M Costello Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in FL, KY, IN.
Robert B & Marcia M Costello Family Foundation Inc. has distributed a total of $37K across 16 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $1K to $3K.
Robert B & Marcia M Costello Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Robert B & Marcia M Costello Family Foundation Inc. is headquartered in UTICA, MI. While based in MI, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marcia M Costello | President | $0 | $0 | N/A |
| Benjamin R Hanan | Director | $0 | $0 | N/A |
| Raymond L Klingensmith | Director | $0 | $0 | N/A |
| Stephanie N Marotta | Secretary | $0 | $0 | N/A |
| Dominic J Graves | Vice President | $0 | $0 | N/A |
Total Giving
$14K
Total Assets
$167K
Fair Market Value
$218K
Net Worth
$167K
Grants Paid
$8K
Contributions
N/A
Net Investment Income
$5K
Distribution Amount
$8K
Total Revenue
$11K
990PF · 2023
Total Expenses
$14K
990PF · 2023
Total Assets
$167K
990PF · 2023
Net Assets
$167K
990PF · 2023
Total Grants
16
Total Giving
$37K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
5
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist ChurchGeneral Purpose | Bradenton, FL | $3K | 2023 |
| Peyton Manning Children'S HospitalGeneral Purpose | Indianapolis, IN | $2K | 2023 |
| Southeastern Guide DogsGeneral Purpose | Palmetto, FL | $2K | 2023 |
| Berea CollegeGeneral Purpose | Berea, KY | $2K | 2023 |
| Shriner'S Children'S HospitalGeneral purposes | Sarasota, FL | $1K | 2021 |