The Margaret Foti Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2015. The principal officer is % Foundation Source. It holds total assets of $1.6M. Annual income is reported at $1.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Margaret Foti Foundation has made 6 grants totaling $81K, with a median grant of $10K. Annual giving has grown from $21K in 2020 to $60K in 2022. Individual grants have ranged from $361 to $30K, with an average award of $14K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
The Margaret Foti Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in PA.
The Margaret Foti Foundation has distributed a total of $81K across 6 grants. The median grant size is $10K, with an average of $14K. Individual grants have ranged from $361 to $30K.
The Margaret Foti Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Margaret Foti Foundation is headquartered in WILMINGTON, DE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter A Certo Jr | VP | $0 | $0 | $0 |
| Donna Certo-Mirabelli | VP | $0 | $0 | $0 |
| Margaret Foti | Pres, Dir, Sec, Treas | $0 | $0 | $0 |
Total Giving
$53K
Total Assets
$1.1M
Fair Market Value
$1.1M
Net Worth
$1.1M
Grants Paid
$35K
Contributions
$152K
Net Investment Income
$147K
Distribution Amount
$46K
Total Grants
6
Total Giving
$81K
Average Grant
$14K
Median Grant
$10K
Unique Recipients
3
Most Common Grant
$30K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Association For Cancer ResearchGeneral & Unrestricted | Philadelphia, PA | $30K | 2022 |
| Millay Club-Southeast Catholic Bishop Neuman AlumnSaints John Neumann & Maria Goretti Catholic High School Student Scholarships Fund | Philadelphia, PA | $4K | 2020 |
| Old Saint Josephs ChurchGeneral & Unrestricted | Philadelphia, PA | $2K | 2020 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
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