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Town Fair Tire Foundation Inc. is a private corporation based in EAST HAVEN, CT. The foundation received its IRS ruling in 2003. The principal officer is % Neil Mellen. It holds total assets of $46.1M. Annual income is reported at $33.5M. The foundation operates in the area of health. According to available records, Town Fair Tire Foundation Inc. has made 4 grants totaling $11.7M, with a median grant of $3.2M. Annual giving has grown from $2M in 2020 to $3.2M in 2023. Grantmaking activity was highest in 2022 with $6.6M distributed across 2 grants. Individual grants have ranged from $2M to $3.3M, with an average award of $2.9M. Grants have been distributed to organizations in Massachusetts and Connecticut. Contributions to this foundation are tax-deductible.
Town Fair Tire Foundation Inc. primarily funds organizations in the area of health. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MA, CT.
Town Fair Tire Foundation Inc. has distributed a total of $11.7M across 4 grants. The median grant size is $3.2M, with an average of $2.9M. Individual grants have ranged from $2M to $3.3M.
Town Fair Tire Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Town Fair Tire Foundation Inc. is headquartered in EAST HAVEN, CT. While based in CT, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ralph S Loew | DIRECTOR | $78K | $0 | $78K |
| Daniel D Rubino | DIRECTOR | $60K | $0 | $60K |
| Neil Mellen | PRESIDENT & TREASURER | $0 | $0 | $0 |
| Kathryn Tutino | DIRECTOR | $0 | $0 | $0 |
| Michael Mellen | VICE PRESIDENT AND SECRETA | $0 | $0 | $0 |
Total Giving
$3.8M
Total Assets
$50.4M
Fair Market Value
$60.9M
Net Worth
$50.4M
Grants Paid
$3.2M
Contributions
$1.8M
Net Investment Income
$2.4M
Distribution Amount
$2.8M
Total: $37.2M
Total Grants
4
Total Giving
$11.7M
Average Grant
$2.9M
Median Grant
$3.2M
Unique Recipients
1
Most Common Grant
$3.3M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Statement AttachedUNRESTRICTED | Boston, MA | $3.2M | 2023 |
| Michael Barbaro |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
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