74 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANHATTAN BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $139K in total assets. In 2024, it awarded 3 grants totaling $24K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$139K
-6.2% YoY
Annual Giving
$24K
+298.1% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$8K
+298.1% YoY
Under IRS private-foundation payout rules, 74 Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About 74 Foundation Inc
Based on IRS filings
74 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANHATTAN BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $139K in total assets. In 2024, it awarded 3 grants totaling $24K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $138,687 | $147,858 | $149,346 |
| Revenue | $20,921 | $9,428 | $4,967 |
| Expenses | $30,092 | $10,942 | $57,542 |
| Qualifying Distributions | $24,118 | $6,058 | $49,060 |
| Net Investment Income | $11,551 | $3,625 | — |
| Distributable Amount | $8,416 | $8,167 | $9,904 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fork Union Military Academy ($20,000), Indy Humane ($2,060), Christopher D Redding Youth Asthma Found ($2,058).
| Recipient | Purpose | Amount |
|---|---|---|
| Christopher D Redding Youth Asthma Found Lake Zurich, IL | Educational Support | $2,058 |
| Fork Union Military Academy Fork Union, VA | Educational Support | $20,000 |
| Indy Humane Indianapolis, IN | Animal Rescue Support | $2,060 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Anthony S Castonzo | President | 0.5 | — |
| William Castonzo | Vice President | 0.25 | — |
| William Castonzo II | Treasurer | 0.25 | — |
| Anthony S Castonzo | Director | — | — |
| William Castonzo | Director | — | — |
| William Castonzo II | Director | — | — |
| Anthony S Castonzo | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 74 Foundation Inc?
74 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANHATTAN BEACH, CA. It holds $139K in total assets as of 2024.
How large is 74 Foundation Inc?
As of 2024, 74 Foundation Inc holds $139K in total assets with $21K in annual revenue. It awarded 3 grants totaling $24K in 2024.
Where does 74 Foundation Inc operate?
74 Foundation Inc has awarded grants in Illinois, Indiana, Utah, Virginia.
What size grants does 74 Foundation Inc award?
In 2024, 74 Foundation Inc awarded 3 grants totaling $24K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is 74 Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 74 Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 74 Foundation Inc's EIN?
74 Foundation Inc's EIN (Employer Identification Number) is 81-4644081. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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