Angelo Brothers Company Founders
Angelo Brothers Company Founders is a private foundation focused on Education, based in Philadelphia, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $659K in total assets. In 2024, it awarded 3 grants totaling $8K. Net investment income was $73K.
Angelo Brothers Company Founders at a glance
In short: Angelo Brothers Company Founders gave $8K across 3 grants in 2024 (avg $3K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,500
- -25.0% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $2,500
- +0.0% vs 2023
- Median grant
- $2,500
- Total assets
- $658,629
- +11.0% vs 2023
- Primary geography
- Pennsylvania (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Angelo Brothers Company Founders funds
How this funder distributes its grants
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Angelo Brothers Company Founders gives
- Giving fell 62% from 2021 to 2024. Method
- In 2024 it paid out 18% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2024) to $20K (2021). In 2024 it made 3 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $658,629 | $72,685 | $7,500 | $7,500 | 3 | $7,500 | $72,685 | $41,603 |
| 2023 | $593,444 | $58,890 | $10,000 | $10,000 | 4 | $10,000 | $58,890 | $34,269 |
| 2022 | $544,554 | $51,073 | $10,000 | $10,000 | 4 | $10,000 | $51,073 | $31,055 |
| 2021 | $503,481 | $76,275 | $20,000 | $20,000 | 8 | $20,000 | $76,275 | $34,270 |
| 2020 | $447,206 | $57,528 | $20,000 | $20,000 | 8 | — | $57,528 | $26,048 |
Under IRS private-foundation payout rules, Angelo Brothers Company Founders reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Angelo Brothers Company Founders's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
John Angelo
Trustee
On filings since 2020
No compensation reported
Raymond Angelo
Trustee
On filings since 2020
No compensation reported
Former officers (1)
- Former: Stanley Angelo (2020) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Angelo Brothers Company Founders
How much does Angelo Brothers Company Founders give each year?
Angelo Brothers Company Founders gave $8K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 4 grants.
What is Angelo Brothers Company Founders's typical grant size?
Angelo Brothers Company Founders's median grant in 2024 was $2,500, and its average grant was $2,500, across 3 grants on its 2024 IRS Form 990-PF.
Where does Angelo Brothers Company Founders give grants?
Angelo Brothers Company Founders gives mostly in Pennsylvania: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (33%).
Does Angelo Brothers Company Founders give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Angelo Brothers Company Founders's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education Scholarship" (3 grants).
How large is Angelo Brothers Company Founders?
Angelo Brothers Company Founders reported $659K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Angelo Brothers Company Founders?
Angelo Brothers Company Founders is a private foundation focused on Education, based in Philadelphia, PA. It holds $659K in total assets as of 2024.
What is Angelo Brothers Company Founders's EIN?
Angelo Brothers Company Founders's EIN (Employer Identification Number) is 23-2825756. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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