Cipione Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 17 grants totaling $81K. Net investment income was $131K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-0.7% YoY
Annual Giving
$81K
-26.0% YoY
Grant Count
17
+6.3% YoY
Avg Grant Size
$5K
-30.3% YoY
Under IRS private-foundation payout rules, Cipione Family Foundation Inc reported a distributable amount of $121K for 2024 — the minimum it must pay out in qualifying distributions.
About Cipione Family Foundation Inc
Based on IRS filings
Cipione Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 17 grants totaling $81K. Net investment income was $131K.
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 | $2,253,737 | $2,268,966 | $2,467,212 |
| Revenue | $166,500 | $8,415 | $-34,817 |
| Expenses | $181,729 | $206,139 | $259,170 |
| Qualifying Distributions | $80,777 | $109,130 | $156,125 |
| Net Investment Income | $131,302 | $19,620 | $8,162 |
| Distributable Amount | $120,904 | $117,621 | $128,335 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include CASA of Travis County ($28,500), Texas Jazz Society ($11,000), Womens Symphony League ($9,313).
| Recipient | Purpose | Amount |
|---|---|---|
| CASA of Travis County Austin, TX | General operations | $28,500 |
| Womens Symphony League Austin, TX | General operations | $9,313 |
| MD Anderson Cancer Center Houston, TX | General operations | $3,000 |
| Helping Hand Home For Children Austin, TX | General operations | $2,000 |
| Young Life Austin West Austin, TX | General operations | $3,000 |
| Christopher House Austin, TX | General Operating | $3,000 |
| Lake Travis Education Fndtn Austin, TX | General Operating | $5,500 |
| Texas Jazz Society Austin, TX | General Operating | $11,000 |
| Impact Arts Warrensburg, MO | General Operating | $9,000 |
| Hand to Hold Austin, TX | General Operating | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Clay Cipione | President | — | — |
| Camille Cipione | Vice President | 3 | $30,000 |
| Charles Cipione | Secretary | — | — |
| Kendall R Holden | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cipione Family Foundation Inc?
Cipione Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $2.3M in total assets as of 2024.
How large is Cipione Family Foundation Inc?
As of 2024, Cipione Family Foundation Inc holds $2.3M in total assets with $167K in annual revenue. It awarded 17 grants totaling $81K in 2024.
Where does Cipione Family Foundation Inc operate?
Cipione Family Foundation Inc has awarded grants in California, Colorado, Florida, Missouri, New York, Texas, Virginia.
What size grants does Cipione Family Foundation Inc award?
In 2024, Cipione Family Foundation Inc awarded 17 grants totaling $81K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Cipione Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cipione Family Foundation Inc reported a distributable amount of $121K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cipione Family Foundation Inc's EIN?
Cipione Family Foundation Inc's EIN (Employer Identification Number) is 31-1663062. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cipione 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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