Caruso Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARREN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $549K in total assets. In 2024, it awarded 3 grants totaling $125K. Net investment income was $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$549K
+91.6% YoY
Annual Giving
$125K
+13.6% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$42K
+13.6% YoY
Under IRS private-foundation payout rules, Caruso Family Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
About Caruso Family Foundation Inc
Based on IRS filings
Caruso Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARREN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $549K in total assets. In 2024, it awarded 3 grants totaling $125K. Net investment income was $13K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $549,418 | $286,792 | $266,768 |
| Revenue | $387,690 | $132,207 | $27,702 |
| Expenses | $125,064 | $112,183 | $42,320 |
| Qualifying Distributions | $125,000 | $110,000 | $40,000 |
| Net Investment Income | $12,690 | $4,629 | $2,692 |
| Distributable Amount | $16,714 | $13,150 | $14,773 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Foundation for Morristown Medical Center ($70,000), Rvcc Foundation ($45,000), Boys & Girls Club Paterson ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUB PATERSON PATERSON, NJ | UNRESTRICTED SUPPORT OF ORGANIZATION'S TAX EXEMPT PURPOSE | $10,000 |
| FOUNDATION FOR MORRISTOWN MEDICAL CENTER MORRISTOWN, NJ | UNRESTRICTED SUPPORT OF ORGANIZATION'S TAX EXEMPT PURPOSE | $70,000 |
| RVCC FOUNDATION BRANCHBURG, NJ | UNRESTRICTED SUPPORT OF ORGANIZATION'S TAX EXEMPT PURPOSE | $45,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANTHONY CARUSO JR | TRUSTEE | 1 | — |
| ANTHONY CARUSO SR | TRUSTEE | 1 | — |
| CYNTHIA CARUSO | TRUSTEE | 1 | — |
| DOMENICK CARUSO | TRUSTEE | 1 | — |
| MICHAEL CARUSO | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Caruso Family Foundation Inc?
Caruso Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARREN, NJ. It holds $549K in total assets as of 2024.
How large is Caruso Family Foundation Inc?
As of 2024, Caruso Family Foundation Inc holds $549K in total assets with $388K in annual revenue. It awarded 3 grants totaling $125K in 2024.
Where does Caruso Family Foundation Inc operate?
Caruso Family Foundation Inc has awarded grants in Florida, New Jersey, New York, Tennessee.
What size grants does Caruso Family Foundation Inc award?
In 2024, Caruso Family Foundation Inc awarded 3 grants totaling $125K — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is Caruso Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Caruso Family Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Caruso Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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