Angelo S Festorazzi Item 7 Tuw Marg

BIRMINGHAM, AL EIN: 63-6086678

Angelo S Festorazzi Item 7 Tuw Marg is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $210K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.1M

+5.8% YoY

Annual Giving

$20K

-87.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$10K

-87.6% YoY

Under IRS private-foundation payout rules, Angelo S Festorazzi Item 7 Tuw Marg reported a distributable amount of $176K for 2024 — the minimum it must pay out in qualifying distributions.

About Angelo S Festorazzi Item 7 Tuw Marg

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $659K (97%)

Pennsylvania $20K (3%)

States

Alabama Pennsylvania

Cities

MobilePhiladelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,108,297	$2,937,114	$3,021,702
Revenue	$248,809	$125,461	$98,437
Expenses	$76,700	$209,959	$204,804
Qualifying Distributions	$36,203	$172,158	$163,521
Net Investment Income	$210,248	$90,194	$62,488
Distributable Amount	$176,408	$161,547	$168,881

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of South Alabama ($16,279), Curtis Institute of Music ($4,000).

Recipient	Purpose	Amount
CURTIS INSTITUTE OF MUSIC PHILADELPHIA, PA	SCHOLARSHIPS	$4,000
UNIVERSITY OF SOUTH ALABAMA MOBILE, AL	GENERAL OPERATING	$16,279

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REGIONS BANK	TRUSTEE	1	$43,966

Frequently Asked Questions

How large is Angelo S Festorazzi Item 7 Tuw Marg?

As of 2024, Angelo S Festorazzi Item 7 Tuw Marg holds $3.1M in total assets with $249K in annual revenue. It awarded 2 grants totaling $20K in 2024.

Where does Angelo S Festorazzi Item 7 Tuw Marg operate?

Angelo S Festorazzi Item 7 Tuw Marg has awarded grants in Alabama, Pennsylvania.

What size grants does Angelo S Festorazzi Item 7 Tuw Marg award?

In 2024, Angelo S Festorazzi Item 7 Tuw Marg awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Angelo S Festorazzi Item 7 Tuw Marg required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Angelo S Festorazzi Item 7 Tuw Marg reported a distributable amount of $176K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.