Costello Family Foundation
The Costello Family Foundation is a private foundation based in Dallas, Texas. Its 2024 filing reports 21 grants totaling $159,317 to charitable organizations, including organizations in Texas, Alabama, and Georgia.
Costello Family Foundation at a glance
In short: Costello Family Foundation gave $159K across 21 grants in 2024 (avg $8K), mostly in Texas. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $159,317
- +44.2% vs 2023
- Grants made (2024)
- 21
- +90.9% vs 2023
- Average grant
- $7,587
- -24.5% vs 2023
- Median grant
- $2,500
- Total assets
- $2,972,102
- +11.6% vs 2023
- New grantees (estimate)
- 29% first-time grantees (6 of 21, 2024; small sample)
- Primary geography
- Texas (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Costello Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3640 Stratford Ave, Dallas, TX 75205
Phone: (214) 753-4310
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Costello Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Alabama ($67K). Together the top 10 received $152K.
Grant Size Distribution
93 grants across all recorded years
The most common grant size was under $50K: 91 grants of 93 (98%).
Geographic Focus
Where this funder awards grants
In 2024, 50% of grant dollars went to recipients in Texas, 42% to Alabama, 7% to Georgia, 1% to New York, and less than 1% to Missouri.
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
Cities
Is Costello Family Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 6 of 21 grantees (29%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $4K; repeat grants $9K. How we count
Medians: $3K first-time, $3K repeat.
- 29% of 2024 grantees were also funded in 2023. Method
- Giving grew 127% from 2021 to 2024. Method
- In 2024 it paid out 113% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $43K (2022) to $159K (2024). In 2024 it made 21 grants totaling $159K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Alabama Tuscaloosa, AL | Fashion & Design Building Fund | $66,667 |
| Salesmanship Club of Dallas Dallas, TX | Education and Counseling | $24,000 |
| Stallings Award Foundation Dallas, TX | Charitable Tribute | $17,500 |
| Perot Museum of Nature and Science Dallas, TX | Charitable Tribute | $10,000 |
| Southwestern Medical Foundation Dallas, TX | Charitable Tribute | $10,000 |
| Southeast Georgia Health System Fou Brunswick, GA | Charitable Tribute | $6,000 |
| Dallas 24 Hour Club Dallas, TX | Charitable Tribute | $5,500 |
| Women's Auxiliary Children's Health Dallas, TX | Serving Patients Treated at Children | $5,000 |
| Scottish Rite for Children Dallas, TX | Charitable Tribute | $5,000 |
| United Way of Coastal Georgia Sea Island, GA | America's Second Harvest | $2,500 |
Ready to take the next step with Costello Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,972,102 | $364,654 | $180,586 | $159,317 | 21 | $166,516 | $337,170 | $147,003 |
| 2023 | $2,662,646 | $77,636 | $129,449 | $110,517 | 11 | $122,384 | $103,656 | $139,489 |
| 2022 | $2,595,996 | $93,169 | $62,323 | $43,325 | 20 | $56,008 | $93,331 | $133,661 |
| 2021 | $2,791,910 | $387,310 | $91,662 | $70,164 | 22 | $85,771 | $381,419 | $114,973 |
| 2020 | $2,519,040 | $341,816 | $68,936 | $58,316 | 19 | — | $337,784 | $119,621 |
Under IRS private-foundation payout rules, Costello Family Foundation reported a distributable amount of $147K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2024 grants went to organizations with varied activities. For example, the Salesmanship Club of Dallas says it supports educational and mental health services for children and families through the Momentous Institute. The Perot Museum of Nature & Science describes its mission as inspiring minds through nature and science, while the Dallas 24 Hour Club says it provides transitional living and support services for people experiencing homelessness and addiction.
Grantmaking
In 2024, the foundation made 21 grants totaling $159,317. Grant amounts ranged from $200 to $66,667, with a median of $2,500.
The largest 2024 grants included $66,667 to the University of Alabama for its Fashion & Design Building Fund; $24,000 to the Salesmanship Club of Dallas for education and counseling; and $17,500 to the Stallings Award Foundation as a charitable tribute. The foundation also gave $10,000 each to the Perot Museum of Nature and Science and Southwestern Medical Foundation, both listed as charitable tributes.
The Stallings Award Foundation describes its work as recognizing a college head football coach for humanitarian contributions and coaching. Southwestern Medical Foundation says it is committed to medical education, research, and patient care. These are descriptions of the grantees’ work, not stated foundation priorities.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Maura Brady Costello as president, Timothy P Costello as vice preside, Caitlin Brady Costello as secretary, and Erin Ashley Costello as treasurer.
Costello Family Foundation is led by Maura Brady Costello, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Maura Brady Costello
President
On filings since 2020
1.3 hrs/week
No compensation reported
Caitlin Brady Costello
Secretary
On filings since 2020
1.3 hrs/week
No compensation reported
Erin Ashley Costello
Treasurer
On filings since 2020
1.3 hrs/week
No compensation reported
Timothy P. Costello
Vice President
On filings since 2020
1.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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
How much does Costello Family Foundation give each year?
Costello Family Foundation gave $159K across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $111K across 11 grants.
What is Costello Family Foundation's typical grant size?
Costello Family Foundation's median grant in 2024 was $2,500, and its average grant was $7,587, across 21 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Costello Family Foundation that year got $4K on average.
Where does Costello Family Foundation give grants?
Costello Family Foundation gives mostly in Texas: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Alabama (42%) and Georgia (7%). The most frequent recipient cities were Dallas, TX (10 grants).
Does Costello Family Foundation give general operating support?
Not in 2024: none of the 21 grants with a stated purpose on Costello Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Tribute" (16 grants).
Who are Costello Family Foundation's largest grantees?
Costello Family Foundation's largest 2024 grantees include University of Alabama ($66,667), Salesmanship Club of Dallas ($24,000) and Stallings Award Foundation ($17,500), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is Costello Family Foundation?
Costello Family Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $167K in qualifying distributions that year, against a required minimum of $147K (roughly 5% of its investment assets).
What does Costello Family Foundation fund?
No foundation mission statement is provided. Its 2024 grants went to organizations with varied activities. For example, the Salesmanship Club of Dallas says it supports educational and mental health services for children and families through the Momentous Institute. See mission & focus areas ↑
How do I apply for a grant from Costello Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Costello Family Foundation's EIN?
Costello Family Foundation's EIN (Employer Identification Number) is 81-4623000. IRS Form 990 filing data is available on this page for 2020–2024.
Does Costello Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Costello Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Costello Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Costello Family Foundation funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/costello-family-foundation-morg_fc648723c67846e7a8c398669bc4a2bf
BibTeX
@misc{grantable_814623000_2026,
author = {{Grantable}},
title = {{Costello Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/costello-family-foundation-morg_fc648723c67846e7a8c398669bc4a2bf},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Costello Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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