85 Patriot Fund

CHARLOTTE, NC EIN: 87-2378038

85 Patriot Fund is a private foundation focused on Education, based in CHARLOTTE, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $11K in total assets. In 2024, it awarded 4 grants totaling $12K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11K

+3.1% YoY

Annual Giving

$12K

Grant Count

4

Avg Grant Size

$3K

Under IRS private-foundation payout rules, 85 Patriot Fund reported a distributable amount of $43 for 2024 — the minimum it must pay out in qualifying distributions.

About 85 Patriot Fund

Based on IRS filings

85 Patriot Fund is a private foundation focused on Education, based in CHARLOTTE, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $11K in total assets. In 2024, it awarded 4 grants totaling $12K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

BostonBurlingtonChicagoClemsonWorcester

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5K$10K$15K$21K2021202220232024
Metric202420232022
Total Assets$10,540$10,220$4,496
Revenue$13,200$6,229$18,772
Expenses$12,880$505$14,528
Qualifying Distributions$12,000$13,000
Net Investment Income
Distributable Amount$43$317$18

Giving Over Time

Total grant dollars and number of grants per year

$0$3K$7K$10K$13K0 grants20214 grants20220 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Assumption University$5KDePaul University$5KBoston University$1KUniversity of Vermont$1K

Grant Size Distribution

8 grants across all recorded years

8<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Assumption University ($5,000), DePaul University ($5,000), Boston University ($1,000).

RecipientPurposeAmount
Assumption University Worcester, MAScholarship$5,000
DePaul University Chicago, ILScholarship$5,000
Boston University Boston, MAScholarship$1,000
University of Vermont Burlington, VTScholarship$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
Jay CascioPresident3
Marc DiGeronimoVice President1
Richard FullerTreasurer2
Matthew HarleySecretary1
David FerreraParliamentarian1
Donald RaimonManager1
Daniel WallaceManager1
Matthew DriscollManager1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is 85 Patriot Fund?

85 Patriot Fund is a private foundation focused on Education, based in CHARLOTTE, NC. It holds $11K in total assets as of 2024.

How large is 85 Patriot Fund?

As of 2024, 85 Patriot Fund holds $11K in total assets with $13K in annual revenue. It awarded 4 grants totaling $12K in 2024.

Where does 85 Patriot Fund operate?

85 Patriot Fund has awarded grants in Illinois, Massachusetts, South Carolina, Vermont.

What size grants does 85 Patriot Fund award?

In 2024, 85 Patriot Fund awarded 4 grants totaling $12K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is 85 Patriot Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, 85 Patriot Fund reported a distributable amount of $43 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is 85 Patriot Fund's EIN?

85 Patriot Fund's EIN (Employer Identification Number) is 87-2378038. IRS Form 990 filing data is available on this page for 2021–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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