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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. Total assets have grown from $360K in 2014 to $1.1M in 2023. The foundation is governed by 3 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. Grantmaking is concentrated in Pennsylvania. 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.
Smallest Grant
$361
Median Grant
$3K
Average Grant
$5K
Largest Grant
$15K
Based on 4 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 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 | N/A |
| Donna Certo-Mirabelli | VP | $0 | $0 | N/A |
| Margaret Foti | Pres, Dir, Sec, Treas | $0 | $0 | N/A |
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 |