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Ciccolo Family Foundation Inc

Private foundation · Grantmaker Boston, MA EIN: 22-2975713 Website

Ciccolo Family Foundation Inc is a private foundation based in Boston, Massachusetts. Established in 1985, it describes itself as the charitable arm of the Ciccolo family and the Village Automotive Group, with a purpose of giving back to the New England area.

Key facts about Ciccolo Family Foundation Inc

In short: Ciccolo Family Foundation Inc gave $520K across 64 grants in 2024 (avg $8K), mostly in Massachusetts. 16% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
22-2975713
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$520,472
Grants made (2024)
64
Average grant
$8,132
Median grant
$5,000
New grantees (estimate)
16% first-time grantees (10 of 64, 2024)
Total assets
$1,314,852
Primary geography
Massachusetts (95% of itemized 2024 grant dollars)
Deadline
None.

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+10.1% YoY

Annual Giving

$520K

+11.2% YoY

Grant Count

64

+4.9% YoY

Avg Grant Size

$8K

+6.0% YoY

Under IRS private-foundation payout rules, Ciccolo Family Foundation Inc reported a distributable amount of $86K for 2024 — the minimum it must pay out in qualifying distributions.

Is Ciccolo Family Foundation Inc open to new grantees?

16%

first-time grantees, 2024

In 2024, 10 of 64 grantees (16%) were first-time recipients. First grants averaged $1K; repeat grants $9K. How we count

Medians: $1K first-time, $5K repeat.

  • 80% of 2024 grantees were also funded in 2023. Method
  • Giving grew 68% from 2021 to 2024. Method
  • In 2024 it paid out 604% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation’s website says it aims to give back to the New England area that has helped the Village Automotive Group succeed. Its core categories are arts and culture, education, environment, health and wellness, and local community, including charities based in Greater Boston.

Examples of the organizations it funded in 2024 illustrate the range of its grantmaking. Boston Arts Academy Foundation received $25,000; the Foundation says its mission is to raise funds in support of Boston Arts Academy. Global Smile Foundation received $21,067; it says it works to alleviate suffering among underserved patients born with facial congenital deformities, with special emphasis on cleft lips and palates. Greater Boston Food Bank received $20,000; it describes its work as acquiring, sorting, and distributing food through member agencies and direct distribution sites. Just Zero received $10,000; it describes itself as working to implement just and equitable zero-waste solutions.

Grantmaking

In filing year 2024, the foundation reported 64 grants totaling $520,472. Grants ranged from $500 to $75,000, with a median of $5,000. Among its largest grants were $75,000 to Mass General Hospital, $50,000 each to Northeastern University, Suffolk University, and West Suburban YMCA, and $25,000 to Boston Arts Academy Foundation. Each was listed for general purpose.

Review Cycle

, and no restrictions on awards.

How to Apply

individual family members propose contributions, and the family discusses and finalizes the year’s giving. Its 2024 filing lists a letter request with supporting documentation and tax status as the request materials, Raymond J Ciccolo as the contact for requests, no deadline, and no restrictions on awards.

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Geographic Focus

Where this funder awards grants

The foundation’s website describes its giving purpose as supporting an area of New England. In 2024, 95% of grant dollars went to recipients in Massachusetts; the listed shares for Maine, New Hampshire, New York, and Washington, DC were 1% each.

Grant Distribution by State

8states

Share of 2024 grant dollars across all 64 itemized grants.

Cities

BostonLexingtonBrightonNew YorkCambridgeAllstonWalthamNatickNeedhamWestonConcordLowellNewtonNorwoodRyeTopshamActonNewtonvilleArlingtonDuxbury

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K51 grants2020 54 grants2021 62 grants2022 61 grants2023 64 grants2024

From 2020 to 2024, annual grant giving ranged from $197K (2020) to $520K (2024). In 2024 it made 64 grants totaling $520K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Mass General Hospital: $75KMass General Hospital$75KNortheastern University: $50KNortheastern University$50KSuffolk University: $50KSuffolk University$50KWest Suburban YMCA: $50KWest Suburban YMCA$50KBoston Arts Academy Foundation: $25KBoston Arts Academy Foundation$25KGlobal Smile Foundation: $21KGlobal Smile Foundation$21KGreater Boston Food Bank: $20KGreater Boston Food Bank$20KAllston Brighton CDC: $10KAllston Brighton CDC$10KFood Link MA: $10KFood Link MA$10KJust Zero: $10KJust Zero$10K

The largest 2024 recipient was Mass General Hospital ($75K). Together the top 10 received $321K.

Grant Size Distribution

292 grants across all recorded years

280<$50K12$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 280 grants of 292 (96%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Mass General Hospital Boston, MAGeneral Purpose$75,000
Northeastern University Boston, MAGeneral Purpose$50,000
Suffolk University Boston, MAGeneral Purpose$50,000
West Suburban YMCA Newton, MAGeneral Purpose$50,000
Boston Arts Academy Foundation Boston, MAGeneral Purpose$25,000
Global Smile Foundation Norwood, MAGeneral Purpose$21,067
Greater Boston Food Bank Boston, MAGeneral Purpose$20,000
Allston Brighton CDC Brighton, MAGeneral Purpose$10,000
Food Link MA Arlington, MAGeneral Purpose$10,000
Just Zero Sturbridge, MAGeneral Purpose$10,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $1,314,852 $654,431 $533,541 $520,472
2023 $1,193,962 $718,679 $478,745 $468,000
2022 $954,028 $789,416 $498,468 $487,700
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,314,852$1,193,962$954,028
Revenue$654,431$718,679$789,416
Expenses$533,541$478,745$498,468
Qualifying Distributions$521,197$468,256$487,700
Net Investment Income$32,534$8,859$785
Distributable Amount$86,343$79,442$62,101

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Raymond J Ciccolo as president and treasurer and Peter E Mullane as clerk.

Ciccolo Family Foundation Inc is led by Raymond J. Ciccolo, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Raymond J. Ciccolo

    President & Treasurer

    On filings since 2020

    No compensation reported

  • Peter E. Mullane

    Clerk

    On filings since 2020

    No compensation reported

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.

Contact

Application contact: Raymond J Ciccolo
Mailing address: 75 North Beacon Street, Boston, MA 02134
Phone: (617) 560-1700
Website: https://ciccolofamily.org

Frequently asked questions about Ciccolo Family Foundation Inc

How much does Ciccolo Family Foundation Inc give each year?

Ciccolo Family Foundation Inc gave $520K across 64 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $468K across 61 grants.

What is Ciccolo Family Foundation Inc's typical grant size?

Ciccolo Family Foundation Inc's median grant in 2024 was $5,000, and its average grant was $8,132, across 64 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Ciccolo Family Foundation Inc that year got $1K on average.

Where does Ciccolo Family Foundation Inc give grants?

Ciccolo Family Foundation Inc gives mostly in Massachusetts: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (16 grants), Lexington, MA (14 grants), Brighton, MA (3 grants) and Weston, MA (2 grants).

Does Ciccolo Family Foundation Inc give general operating support?

Yes: 100% of Ciccolo Family Foundation Inc's 2024 grants with a stated purpose (64 of 64) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Ciccolo Family Foundation Inc's largest grantees?

Ciccolo Family Foundation Inc's largest 2024 grantees include Mass General Hospital ($75,000), Northeastern University ($50,000) and Suffolk University ($50,000), according to its 2024 IRS Form 990-PF. Together they received 34% of its itemized 2024 grant dollars.

How large is Ciccolo Family Foundation Inc?

Ciccolo Family Foundation Inc reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $521K in qualifying distributions that year, against a required minimum of $86K (roughly 5% of its investment assets).

What does Ciccolo Family Foundation Inc fund?

The foundation’s website says it aims to give back to the New England area that has helped the Village Automotive Group succeed. Its core categories are arts and culture, education, environment, health and wellness, and local community, including charities based in Greater Boston. See mission & focus areas ↑

How do I apply for a grant from Ciccolo Family Foundation Inc?

Ciccolo Family Foundation Inc has no public application process in the sources Grantable reviewed. Check ciccolofamily.org for current guidelines, or contact the foundation directly before submitting a request.

What is Ciccolo Family Foundation Inc's EIN?

Ciccolo Family Foundation Inc's EIN (Employer Identification Number) is 22-2975713. 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. Research dossier generated September 2026.

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