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The Circles Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2019. The principal officer is Foundation Source. It holds total assets of $1.7M. Annual income is reported at $912K. Total assets have grown from $250K in 2019 to $1.1M 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 2020 to 2023. The foundation primarily funds organizations in Florida and North Carolina. According to available records, The Circles Foundation has made 37 grants totaling $392K, with a median grant of $3K. Annual giving has decreased from $24K in 2020 to $15K in 2023. Grantmaking activity was highest in 2022 with $320K distributed across 18 grants. Individual grants have ranged from $500 to $100K, with an average award of $11K. The foundation has supported 15 unique organizations. Grants have been distributed to organizations in Florida and North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$3K
Largest Grant
$10K
Based on 8 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.
The Circles Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in FL, NC.
The Circles Foundation has distributed a total of $392K across 37 grants. The median grant size is $3K, with an average of $11K. Individual grants have ranged from $500 to $100K.
The Circles Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Circles Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Fernando Munilla | Dir, Sec, Treas, VP | $0 | $0 | N/A |
| Natacha Munilla Bastian | Dir, Pres | $0 | $0 | N/A |
Total Giving
$33K
Total Assets
$1.1M
Fair Market Value
$1.2M
Net Worth
$1.1M
Grants Paid
$15K
Contributions
N/A
Net Investment Income
$21K
Distribution Amount
$57K
Total Grants
37
Total Giving
$392K
Average Grant
$11K
Median Grant
$3K
Unique Recipients
15
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United Way Miami IncGeneral & Unrestricted | Miami, FL | $10K | 2023 |
| Jackson Health Foundation IncGuardian Angels Fund | Miami, FL | $4K | 2023 |
| Greater Miami Adventist AcademyPFE/Development Fund | Miami, FL | $1K | 2023 |
| Baptist Health South Florida Foundation IncGeneral & Unrestricted | Coral Gables, FL | $100K | 2022 |
| Westminster Christian SchoolWarrior Fund | Palmetto Bay, FL | $25K | 2022 |
| Foundation For New Education Initiatives IncCharitable Event | Miami, FL | $10K | 2022 |
| Miami Temple Seventh-Day Adventist ChurchElder's Ministry | Miami, FL | $10K | 2022 |
| Grey Ghost Booster Club IncGeneral & Unrestricted | Coral Gables, FL | $1K | 2022 |
| Community Hospice Of Northeast Florida IncCharitable Event | Jacksonville, FL | $3K | 2021 |
| United Way Of Miami-Dade IncGeneral & Unrestricted | Miami, FL | $10K | 2020 |
| Miami Bridge Youth And Family Services IncGeneral & Unrestricted | Miami, FL | $5K | 2020 |
| Grace Fellowship Of West Palm Beach IncYouth Chapel | West Palm Bch, FL | $3K | 2020 |
| Educate Tomorrow CorpCharitable Event | Miami, FL | $3K | 2020 |
| Cure Ahc FoundationGeneral & Unrestricted | Rolesville, NC | $1K | 2020 |
| Fairchild Tropical Botanic GardenCharitable Event | Coral Gables, FL | $500 | 2020 |