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
Under IRS private-foundation payout rules, Connelly Family Foundation reported a distributable amount of $630K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Orange County Museum of Art ($100,342), Hoag Hospital Foundation ($67,500), Ecology Center ($30,586).
| Recipient | Purpose | Amount |
|---|---|---|
| AUGIE'S QUEST DENVER, CO | CHARITABLE | $12,556 |
| BALLET SUN VALLEY SUN VALLEY, ID | CHARITABLE | $10,000 |
| BROOKLYN MUSEUM BROOKLYN, NY | CHARITABLE | $250 |
| CAMP RAINBOW GOLD BOISE, ID | CHARITABLE | $500 |
| CUREDUCHENNE NEWPORT BEACH, CA | CHARITABLE | $1,000 |
| DECORATIVE ARTS SOCIETY NEWPORT BEACH, CA | CHARITABLE | $1,500 |
| DELTA GAMMA FOUNDATION COLUMBUS, OH | CHARITABLE | $918 |
| ECOLOGY CENTER SAN JUAN CAPISTRANO, CA | CHARITABLE | $30,586 |
| GARDEN CONSERVANCY COLD SPRING, NY | CHARITABLE | $17,600 |
| HIGH HOPES HEAD INJURY PROGRAM TUSTIN, CA | CHARITABLE | $250 |
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
Frequently Asked Questions
How do I apply for a grant from Connelly Family Foundation?
The foundation is an invite-only funder that does not accept unsolicited applications. **Grant Activity (2024):** • Total giving: $373,019 • Number of grants: 38 • Median grant size: $2,000 • Grant range: $1,000 to $100,000 The foundation maintains a giving rate of approximately 68.5% of assets annually.
Where does Connelly Family Foundation make grants?
The foundation's grant-making activities focus primarily on California, New York, and Idaho.
What size grants does Connelly Family Foundation award?
In 2024, Connelly Family Foundation awarded 62 grants totaling $373K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Connelly Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Connelly Family Foundation reported a distributable amount of $630K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Connelly Family Foundation's EIN?
Connelly Family Foundation's EIN (Employer Identification Number) is 33-0783714. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Connelly Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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