Costello Family Foundation Inc
Costello Family Foundation Inc is a private foundation, based in Portola Valley, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 8 grants totaling $85K. Net investment income was $94K.
Costello Family Foundation Inc at a glance
In short: Costello Family Foundation Inc gave $85K across 8 grants in 2025 (avg $11K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $85,000
- -10.5% vs 2024
- Grants made (2025)
- 8
- -20.0% vs 2024
- Average grant
- $10,625
- +11.8% vs 2024
- Median grant
- $7,500
- Total assets
- $1,303,961
- +0.6% vs 2024
- Primary geography
- California (60% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Costello Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Americans Serving African Children ($20K). Together the top 8 received $85K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 45 grants of 45 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Costello Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+6%). Method
- In 2025 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $76K (2023) to $95K (2024). In 2025 it made 8 grants totaling $85K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Americans Serving African Children Green Bay, WI | Education for sustainable farming | $20,000 |
| CK-12 Foundation Menlo Park, CA | Online education resources | $20,000 |
| Foundation for a College Education Palo Alto, CA | Education programs | $20,000 |
| Operation Bootstrap Africa Minneapolis, MN | Education programs | $10,000 |
| Room to Read San Francisco, CA | Education programs | $5,000 |
| Wells4Wellness Moline, IL | Builds wells in Africa | $4,000 |
| Boys & Girls Club of Greater San Diego San Diego, CA | Youth programs | $3,000 |
| East County Youth Symphony El Cajon, CA | Youth music programs | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,303,961 | $94,031 | $86,246 | $85,000 | 8 | $85,125 | $94,031 | $76,944 |
| 2024 | $1,296,177 | $80,631 | $97,391 | $95,000 | 10 | $95,000 | $80,631 | $77,435 |
| 2023 | $1,312,937 | $82,609 | $77,738 | $76,000 | 7 | $76,231 | $82,609 | $75,135 |
| 2022 | $1,308,066 | $108,443 | $81,158 | $80,000 | 10 | $80,000 | $108,443 | $78,036 |
| 2021 | $1,280,781 | $66,654 | $88,149 | $87,000 | 10 | — | $66,370 | $80,231 |
Under IRS private-foundation payout rules, Costello Family Foundation Inc reported a distributable amount of $77K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Costello Family Foundation Inc is led by George M. Costello, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
George M. Costello
President
On filings since 2021
1 hr/week
No compensation reported
Leslie A. Costello
Vice President
On filings since 2021
1 hr/week
No compensation reported
Peter W. Costello
Sectreas
Secretarytreasurer → Sectreas, 2024
On filings since 2021
2 hrs/week
No compensation reported
Former officers (1)
- Former: Regina C. Froemmling (2021–2023) — Vice President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Costello Family Foundation Inc
How much does Costello Family Foundation Inc give each year?
Costello Family Foundation Inc gave $85K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 10 grants.
What is Costello Family Foundation Inc's typical grant size?
Costello Family Foundation Inc's median grant in 2025 was $7,500, and its average grant was $10,625, across 8 grants on its 2025 IRS Form 990-PF.
Where does Costello Family Foundation Inc give grants?
Costello Family Foundation Inc gives mostly in California: 60% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Wisconsin (24%) and Minnesota (12%).
Does Costello Family Foundation Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Costello Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education programs" (3 grants).
Who are Costello Family Foundation Inc's largest grantees?
Costello Family Foundation Inc's largest 2025 grantees include Americans Serving African Children ($20,000), CK-12 Foundation ($20,000) and Foundation for a College Education ($20,000), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Costello Family Foundation Inc?
Costello Family Foundation Inc reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $85K in qualifying distributions that year, against a required minimum of $77K (roughly 5% of its investment assets).
What is Costello Family Foundation Inc's EIN?
Costello Family Foundation Inc's EIN (Employer Identification Number) is 82-0464641. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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—
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