Costas Family Foundation
Costas Family Foundation is a private foundation based in Key Largo, Florida. In its 2025 filing, it reported 12 grants totaling $310,000, all listed for general support.
Key facts about Costas Family Foundation
In short: Costas Family Foundation gave $310K across 12 grants in 2025 (avg $26K), mostly in New York. 17% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 27-0881014
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $310,000
- Grants made (2025)
- 12
- Average grant
- $25,833
- Median grant
- $10,000
- New grantees (estimate)
- 17% first-time grantees (2 of 12, 2025)
- Total assets
- $6,089,047
- Primary geography
- New York (53% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$6.1M
+18.8% YoY
Annual Giving
$310K
+37.8% YoY
Grant Count
12
+0.0% YoY
Avg Grant Size
$26K
+37.8% YoY
Under IRS private-foundation payout rules, Costas Family Foundation reported a distributable amount of $276K for 2025 — the minimum it must pay out in qualifying distributions.
Is Costas Family Foundation open to new grantees?
17%
first-time grantees, 2025
In 2025, 2 of 12 grantees (17%) were first-time recipients. First grants averaged $53K; repeat grants $21K. How we count
Medians: $53K first-time, $10K repeat.
- 83% of 2025 grantees were also funded in 2024. Method
- Giving grew 148% from 2022 to 2025. Method
- In 2025 it paid out 115% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission is stated in the available information. The 2025 grants show support for organizations with varied missions. For example, Adams Valve Foundation says it works to advance heart-valve treatment and surgery and expand treatment for underserved populations. A Better Chance says it seeks to increase the number of well-educated young people of color prepared for leadership roles. The Literacy Center says it provides instruction and support for adults facing language, education, and employment barriers.
Other grantees describe youth-focused work: Philadelphia City Rowing says it provides a free, year-round rowing program for Philadelphia public school students; DREAM Charter School says it invests in young people from early childhood to early adulthood; and NJ LEEP says it serves low-income and first-generation students through college-access programming.
Grantmaking
In 2025, the foundation made 12 grants totaling $310,000. Grant amounts ranged from $5,000 to $100,000, with a median grant of $10,000. The largest grants were $100,000 each to Adams Valve Foundation and Harlem Children’s Zone. Other notable grants included $25,000 to A Better Chance, $15,000 to The TEAK Fellowship, and $10,000 each to Boys and Girls Club of Monmouth County, DREAM Charter School, GO Project, Philadelphia City Rowing, and The Literacy Center. All 12 grants were listed for general support.
Review Cycle
, and restrictions on awards are listed as N/A.
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Geographic Focus
Where this funder awards grants
In 2025, grant dollars went to recipients in New York (53%), Virginia (32%), New Jersey (8%), and Pennsylvania (6%), according to the filing.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $125K (2022) to $310K (2025). In 2025 it made 12 grants totaling $310K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Adams Valve Foundation ($100K). Together the top 10 received $298K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 38 grants of 44 (86%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Adams Valve Foundation Reston, VA | General Support | $100,000 |
| Harlem Children's Zone New York, NY | General Support | $100,000 |
| A Better Chance New York, NY | General Support | $25,000 |
| The Teak Fellowship New York, NY | General Support | $15,000 |
| Boys and Girls Club of Monmouth County Asbury Park, NJ | General Support | $10,000 |
| Dream Charter School New York, NY | General Support | $10,000 |
| Go Project New York, NY | General Support | $10,000 |
| Philadelphia City Rowing Inc Plymouth Meeting, PA | General Support | $10,000 |
| The Literacy Center Allentown, PA | General Support | $10,000 |
| NJ Leep Newark, NJ | General Support | $7,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $6,089,047 | $1,235,058 | $392,886 | $310,000 (12 grants) |
| 2024 | $5,125,838 | $2,526,042 | $242,922 | $225,000 (12 grants) |
| 2023 | $2,863,033 | $974,678 | $139,430 | $135,000 (8 grants) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,089,047 | $5,125,838 | $2,863,033 |
| Revenue | $1,235,058 | $2,526,042 | $974,678 |
| Expenses | $392,886 | $242,922 | $139,430 |
| Qualifying Distributions | $316,466 | $229,410 | $139,095 |
| Net Investment Income | $209,999 | $1,933,877 | $174,343 |
| Distributable Amount | $276,325 | $200,842 | $126,773 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 3, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists John P Costas as president and Barbara S Costas as secretary and treasurer.
Costas Family Foundation is led by John P. Costas, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
John P. Costas
President
On filings since 2019
0.1 hrs/week
No compensation reported
Barbara S. Costas
Secretary & Treasurer
On filings since 2019
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: John Costas
Mailing address: 24 Dockside Lane, Key Largo, FL 33037
Phone: (203) 552-5250
Frequently asked questions about Costas Family Foundation
How much does Costas Family Foundation give each year?
Costas Family Foundation gave $310K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $225K across 12 grants.
What is Costas Family Foundation's typical grant size?
Costas Family Foundation's median grant in 2025 was $10,000, and its average grant was $25,833, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Costas Family Foundation that year got $53K on average.
Where does Costas Family Foundation give grants?
Costas Family Foundation gives mostly in New York: 53% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Virginia (32%) and New Jersey (8%). The most frequent recipient cities were New York, NY (6 grants) and Newark, NJ (2 grants).
Does Costas Family Foundation give general operating support?
Yes: 100% of Costas Family Foundation's 2025 grants with a stated purpose (12 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Costas Family Foundation's largest grantees?
Costas Family Foundation's largest 2025 grantees include Adams Valve Foundation ($100,000), Harlem Children's Zone ($100,000) and A Better Chance ($25,000), according to its 2025 IRS Form 990-PF. Together they received 73% of its itemized 2025 grant dollars.
How large is Costas Family Foundation?
Costas Family Foundation reported $6.1M in total assets on its 2025 IRS Form 990-PF. It paid out $316K in qualifying distributions that year, against a required minimum of $276K (roughly 5% of its investment assets).
What does Costas Family Foundation fund?
No foundation mission is stated in the available information. The 2025 grants show support for organizations with varied missions. For example, Adams Valve Foundation says it works to advance heart-valve treatment and surgery and expand treatment for underserved populations. See mission & focus areas ↑
How do I apply for a grant from Costas Family Foundation?
Costas Family Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Costas Family Foundation's EIN?
Costas Family Foundation's EIN (Employer Identification Number) is 27-0881014. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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