Caruso Family Foundation Inc
Caruso Family Foundation Inc is a private foundation, based in Warren, NJ. IRS filing data is available from 2018 through 2025. As of 2025, the organization holds $623K in total assets. In 2025, it awarded 3 grants totaling $240K. Net investment income was $13K.
Caruso Family Foundation Inc at a glance
In short: Caruso Family Foundation Inc gave $240K across 3 grants in 2025 (avg $80K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $240,000
- +92.0% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $80,000
- +92.0% vs 2024
- Median grant
- $25,000
- Total assets
- $622,569
- +13.3% vs 2024
- Primary geography
- New Jersey (100% 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 Caruso Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Foundation for Morristown Medical Center Inc ($200K). Together the top 3 received $240K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 9 grants of 12 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Caruso Family Foundation Inc gives
- Giving grew 500% from 2022 to 2025. Method
- In 2025 it paid out 951% of its IRS minimum distribution (the 5% rule). 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 2018 to 2025, annual grant giving ranged from $15K (2018) to $240K (2025). In 2025 it made 3 grants totaling $240K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation for Morristown Medical Center Inc Morristown, NJ | Unrestricted Support of Organization's Tax Exempt Purpose | $200,000 |
| Raritan Valley Community College (RVCC) Foundation Branchburg, NJ | Unrestricted Support of Organization's Tax Exempt Purpose | $25,000 |
| Boys & Girls Club of Paterson Inc Paterson, NJ | Unrestricted Support of Organization's Tax Exempt Purpose | $15,000 |
Ready to take the next step with Caruso Family Foundation Inc?
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 | $622,569 | $315,023 | $241,843 | $240,000 | 3 | $240,000 | $13,356 | $25,241 |
| 2024 | $549,418 | $387,690 | $125,064 | $125,000 | 3 | $125,000 | $12,690 | $16,714 |
| 2023 | $286,792 | $132,207 | $112,183 | $110,000 | 3 | $110,000 | $4,629 | $13,150 |
| 2022 | $266,768 | $27,702 | $42,320 | $40,000 | 1 | $40,000 | $2,692 | $14,773 |
| 2021 | $281,386 | $25,025 | $16,076 | $16,000 | 2 | $16,076 | $25 | $13,244 |
| 2020 | $272,437 | $187,000 | $82,208 | $82,200 | 6 | — | — | $9,891 |
| 2019 | $167,645 | $112,500 | $50,000 | $50,000 | 4 | — | — | $5,358 |
| 2018 | $105,145 | $55,000 | $15,000 | $15,000 | 1 | — | — | $3,311 |
Under IRS private-foundation payout rules, Caruso Family Foundation Inc reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Caruso Family Foundation Inc's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Anthony Caruso Jr.
Trustee
On filings since 2018
1 hr/week
No compensation reported
Anthony Caruso Sr.
Trustee
On filings since 2018
1 hr/week
No compensation reported
Cynthia Caruso
Trustee
On filings since 2018
1 hr/week
No compensation reported
Domenick Caruso
Trustee
On filings since 2018
1 hr/week
No compensation reported
Michael Caruso
Trustee
On filings since 2018
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2018–2025. "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 Caruso Family Foundation Inc
How much does Caruso Family Foundation Inc give each year?
Caruso Family Foundation Inc gave $240K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $125K across 3 grants.
What is Caruso Family Foundation Inc's typical grant size?
Caruso Family Foundation Inc's median grant in 2025 was $25,000, and its average grant was $80,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Caruso Family Foundation Inc give grants?
Caruso Family Foundation Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Caruso Family Foundation Inc give general operating support?
Yes: 100% of Caruso Family Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Caruso Family Foundation Inc?
Caruso Family Foundation Inc reported $623K in total assets on its 2025 IRS Form 990-PF. It paid out $240K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets).
What is Caruso Family Foundation Inc's EIN?
Caruso Family Foundation Inc's EIN (Employer Identification Number) is 47-5112316. IRS Form 990 filing data is available on this page for 2018–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2018 (received by the IRS May 14, 2019)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Caruso Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in New Jersey
The Allergan Foundation
North Chicago, IL
In its final recorded grant year, 2020, the Allergan Foundation funded eye health, healthcare, education, mental health, and emergency relief, giving grants from $100 to $2 million, with a median of $25,000. Grants went mainly to organizations in California, New York, Florida, Illinois, and New Jersey. Its 2020 filing listed an online application and said it did not limit giving to preselected organizations, but the foundation appears to have stopped grantmaking, so that historical process may no longer apply.
Assets
—
Grants
316
Total Given
$18.4M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
The Hyde and Watson Foundation
Warren Township, NJ
The Hyde and Watson Foundation funds capital projects in human services, education, health, arts and culture, and the environment. Most awards are $5,000–$20,000, with a 2024 median of $10,000, for eligible nonprofits in New York City and Essex, Morris, and Union counties in New Jersey. It accepts applications through an online portal during its stated application periods; the profile does not say whether it accepts unsolicited requests.
Assets
$88.2M
Grants
611
Total Given
$6.1M
The Mimi Washington Starrett Foundation
Florham Park, NJ
The foundation funds nonprofits serving the greater Morris County, New Jersey area in health and human services, housing, education, arts and culture, animal welfare, and environmental or historical preservation. Typical requests and awards range from $5,000 to $50,000, though grants may be larger; it accepts applications through an online process, but does not state whether it accepts unsolicited requests.
Assets
$23.7M
Grants
40
Total Given
$1.1M
Reed Family Foundation Inc
Lake Geneva, WI
The Reed Family Foundation supports arts organizations, land conservation and stewardship, higher education, and related charitable work. In 2025, grants ranged from $250 to $1.25 million, with a median of $2,500; funding was concentrated in Illinois, Oregon, New York, Montana, and New Jersey. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$27.8M
Grants
239
Total Given
$3.7M
Delta Dental of New Jersey Foundation Inc
Parsippany, NJ
The foundation funds dental care, oral-health education, and related programs for underserved groups, including uninsured or underinsured children, seniors, veterans, and others in New Jersey and Connecticut. In 2024, grants ranged from $6,500 to $185,000, with a median of $25,000; current criteria generally call for requests of at least $25,000. Applicants apply through its online grants process; the profile does not state whether unsolicited requests are accepted.
Assets
$2.0M
Grants
52
Total Given
$2.3M
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Caruso Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Caruso Family Foundation Inc down — hundreds of funders to go?