The Corio Foundation is a private independent foundation established in January 2018 and based in Los Ranchos, New Mexico. Founded by Ron Corio, the foundation operates as a philanthropic organization supporting various charitable causes across the United States, with a particular emphasis on education, environmental conservation, healthcare, and humanitarian initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81.6M
+29.2% YoY
Annual Giving
$3.1M
+21.4% YoY
Grant Count
17
+0.0% YoY
Avg Grant Size
$184K
+21.4% YoY
Under IRS private-foundation payout rules, Corio Foundation reported a distributable amount of $3.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation focuses on:
- Education access and educational opportunities for underprivileged youth
- Environmental conservation
- Healthcare
- Humanitarian causes
- Philanthropy and grantmaking
Recent strategic priorities have centered on expanding educational opportunities for underprivileged youth in New Mexico through transformative multi-year scholarship programs.
Grantmaking
The foundation operates on an invitation-only basis and does not maintain a public website or published contact information. All grants are made exclusively to preselected organizations at the discretion of the trustees. The foundation does not accept unsolicited applications.
Grant Range
$25,000 to $850,000
Average Grant
$117,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation provides funding nationally with strong emphasis on:
- Primary focus: New Mexico
- Secondary focus: California, New York, Massachusetts, Minnesota, Wisconsin, Arkansas
- Additional states served: Texas, Vermont, District of Columbia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets: $81.6 million to $97.2 million (figures vary by reporting date)
Annual Activity:
- Total revenues (FY 2024): $21.2 million
- Total expenses (FY 2024): $3.4 million to $3.6 million
- Total grants awarded: $2.6 million to $3.5 million annually
Historical Growth:
- Total assets grew from $42.4 million in 2018 to $81.6 million by 2024
- Investment income and dividends: $2.7 million (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $81,648,692 | $63,214,496 | $59,486,907 |
| Revenue | $21,223,537 | $9,606,567 | $168,290 |
| Expenses | $3,379,642 | $2,760,119 | $3,023,443 |
| Qualifying Distributions | $3,173,001 | $2,618,485 | $2,646,418 |
| Net Investment Income | $8,084,872 | $9,398,333 | $958,999 |
| Distributable Amount | $3,824,642 | $2,930,866 | $3,246,861 |
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
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Menaul School ($750,000), Nuturing Minds of Africa ($700,000), Doctors Without Borders ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MENAUL SCHOOL ALBUQUERQUE, NM | GENERAL OPERATIONS | $750,000 |
| WATERMELON MOUNTAIN RANCH RIO RANCHO, NM | GENERAL OPERATIONS | $50,000 |
| COALITION FOR RAINFOREST NATIONS NEW YORD, NY | GENERAL OPERATIONS | $50,000 |
| FREEDOM FROM RELIGION FOUNDATION MADISON, WI | GENERAL OPERATIONS | $25,000 |
| HEIFER INTERNATIONAL LITTLE ROCK, AR | GENERAL OPERATIONS | $50,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | GENERAL OPERATIONS | $250,000 |
| ENVIRONMENTAL DEFENSE FUND SAN FRANCISCO, CA | GENERAL OPERATIONS | $250,000 |
| EARTH JUSTICE SAN FRANCISCO, CA | GENERAL OPERATIONS | $250,000 |
| UNITED WAY OF NORTH CENTRAL NM ALBUQUERQUE, NM | GENERAL OPERATIONS | $100,000 |
| SARANAM ALBUQUERQUE, NM | GENERAL OPERATIONS | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by the Corio family, all serving part-time without compensation:
- Ronald P. Corio – President
- Michael P. Corio – Vice President
- Katherine G. Corio – Secretary
- Philip G. Corio – Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD P CORIO | PRESIDENT | — | — |
| MICHAEL P CORIO | VICE PRES. | — | — |
| KATHERINE G CORIO | SECRETARY | — | — |
| PHILIP G CORIO | TREASURER | — | — |
Recent News & Activity
Recent developments and announcements
In April 2025, the Corio Foundation announced a landmark $3.5 million commitment to Bosque School in Albuquerque, marking the largest outright gift in the school's thirty-year history. This seven-year commitment establishes the Corio Scholarship Program, providing $500,000 annually in financial aid to students with the greatest demonstrated need, with awards up to and including full tuition and full-ride scholarships. The announcement aligns with the foundation's strategic focus on expanding educational access for underprivileged youth in New Mexico.
Bosque School receives record $3.5M gift from Corio FoundationSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Corio Foundation fund?
The foundation focuses on: • Education access and educational opportunities for underprivileged youth • Environmental conservation • Healthcare • Humanitarian causes • Philanthropy and grantmaking Recent strategic priorities have centered on expanding educational opportunities for underprivileged youth in New Mexico through transformative multi-year scholarship programs.
How do I apply for a grant from Corio Foundation?
**Grant Characteristics:** • Grant range: $25,000 to $850,000 • Average grant size: $117,000 • Median grant size: $50,000 • Annual giving: Approximately $2.6 million to $3.5 million **Application Process:** The foundation operates on an invitation-only basis and does not maintain a public website or published contact information. All grants are made exclusively to preselected organizations at the discretion of the trustees. The foundation does not accept unsolicited applications. **Recent Major…
Where does Corio Foundation make grants?
The foundation provides funding nationally with strong emphasis on: • **Primary focus:** New Mexico • **Secondary focus:** California, New York, Massachusetts, Minnesota, Wisconsin, Arkansas • **Additional states served:** Texas, Vermont, District of Columbia
What size grants does Corio Foundation award?
In 2024, Corio Foundation awarded 17 grants totaling $3.1M — an average of about $184K per grant, based on its IRS Form 990 filings.
How much is Corio Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Corio Foundation reported a distributable amount of $3.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Corio Foundation's EIN?
Corio Foundation's EIN (Employer Identification Number) is 81-4737356. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Corio 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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