Angelo S Festorazzi Item 7 Tuw Marg
Angelo S Festorazzi Item 7 Tuw Marg is a private foundation, based in Birmingham, AL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.2M in total assets. In 2025, it awarded 2 grants totaling $160K. Net investment income was $318K.
Angelo S Festorazzi Item 7 Tuw Marg at a glance
In short: Angelo S Festorazzi Item 7 Tuw Marg gave $160K across 2 grants in 2025 (avg $80K), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $160,484
- +691.4% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $80,242
- +691.4% vs 2024
- Median grant
- $80,242
- Total assets
- $3,242,538
- +4.3% vs 2024
- Primary geography
- Alabama (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Angelo S Festorazzi Item 7 Tuw Marg funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was University of South Alabama ($156K). Together the top 2 received $160K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 6 grants of 10 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Angelo S Festorazzi Item 7 Tuw Marg gives
- Giving held roughly steady from 2022 to 2025 (+4%). Method
- In 2025 it paid out 94% 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 2025, annual grant giving ranged from $20K (2024) to $175K (2021). In 2025 it made 2 grants totaling $160K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of South Alabama Mobile, AL | General Operating | $156,484 |
| Curtis Institute of Music Philadelphia, PA | Scholarships | $4,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,242,538 | $359,784 | $221,939 | $160,484 | 2 | $176,233 | $318,439 | $187,222 |
| 2024 | $3,108,297 | $248,809 | $76,700 | $20,279 | 2 | $36,203 | $210,248 | $176,408 |
| 2023 | $2,937,114 | $125,461 | $209,959 | $164,000 | 2 | $172,158 | $90,194 | $161,547 |
| 2022 | $3,021,702 | $98,437 | $204,804 | $155,000 | 2 | $163,521 | $62,488 | $168,881 |
| 2021 | $3,128,061 | $470,806 | $223,835 | $175,000 | 2 | $183,877 | $433,043 | $190,628 |
| 2020 | $2,881,016 | $166,669 | $205,988 | $165,000 | 2 | — | $135,869 | $169,582 |
Under IRS private-foundation payout rules, Angelo S Festorazzi Item 7 Tuw Marg reported a distributable amount of $187K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Angelo S Festorazzi Item 7 Tuw Marg's only listed officer is Regions Bank, Trustee on filings since 2020 (compensated).
Officers on the 2025 filing
Regions Bank
Trustee
On filings since 2020
1 hr/week
$37K (2020) → $46K (2025)
Former officers (1)
- Former: Regions Bank Trust Dept (2021–2023) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $46K, to Regions Bank (Trustee).
Frequently asked questions about Angelo S Festorazzi Item 7 Tuw Marg
How much does Angelo S Festorazzi Item 7 Tuw Marg give each year?
Angelo S Festorazzi Item 7 Tuw Marg gave $160K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 2 grants.
How large is Angelo S Festorazzi Item 7 Tuw Marg?
Angelo S Festorazzi Item 7 Tuw Marg reported $3.2M in total assets on its 2025 IRS Form 990-PF. It paid out $176K in qualifying distributions that year, against a required minimum of $187K (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.
Where does Angelo S Festorazzi Item 7 Tuw Marg operate?
Angelo S Festorazzi Item 7 Tuw Marg has awarded grants in Alabama, Pennsylvania.
What is Angelo S Festorazzi Item 7 Tuw Marg's EIN?
Angelo S Festorazzi Item 7 Tuw Marg's EIN (Employer Identification Number) is 63-6086678. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2020–2025
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