Connelly Family Foundation
The Connelly Family Foundation is a private grantmaking foundation based in Newport Beach, California. Established in 1997 and tax-exempt since November 1998, the foundation operates as a California nonprofit public benefit corporation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$532K
-2.4% YoY
Annual Giving
$373K
-6.5% YoY
Grant Count
62
-3.1% YoY
Avg Grant Size
$6K
-3.5% YoY
Grantmaking
The foundation is an invite-only funder that does not accept unsolicited applications.
Grant Range
$2,000
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Geographic Focus
Where this funder awards grants
The foundation's grant-making activities focus primarily on California, New York, and Idaho.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $532,063
- Total revenue: $960,000
- Total expenses: $392,000
- Total liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $532,063 | $545,093 | $538,768 |
| Revenue | $960,143 | $415,391 | $289,369 |
| Expenses | $391,938 | $409,066 | $343,080 |
| Qualifying Distributions | $379,885 | $405,938 | $330,060 |
| Net Investment Income | $349,137 | $412,264 | $276,349 |
| Distributable Amount | $630,233 | $489,578 | $444,147 |
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
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key individuals involved in the foundation's governance include:
- Diane Akerman Connelly (Newport Beach, CA) — Chief Executive Officer and Chief Financial Officer
- James Michael Connelly (Newport Beach, CA) — Secretary
- Anne Akerman Burger (Costa Mesa, CA) — Registered Agent
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE CONNELLY | PRESIDENT | 11 | — |
| JAMES M CONNELLY | SECRETARY | 1 | — |
Contact Information
Principal Address: 321 Pirate Road Newport Beach, CA 92663
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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