Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 21 grants totaling $159K. Net investment income was $337K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+11.6% YoY
Annual Giving
$159K
+44.2% YoY
Grant Count
21
+90.9% YoY
Avg Grant Size
$8K
-24.5% YoY
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.
About Costello Family Foundation
Based on IRS filings
Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 21 grants totaling $159K. Net investment income was $337K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,972,102 | $2,662,646 | $2,595,996 |
| Revenue | $364,654 | $77,636 | $93,169 |
| Expenses | $180,586 | $129,449 | $62,323 |
| Qualifying Distributions | $166,516 | $122,384 | $56,008 |
| Net Investment Income | $337,170 | $103,656 | $93,331 |
| Distributable Amount | $147,003 | $139,489 | $133,661 |
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
93 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Alabama ($66,667), Salesmanship Club of Dallas ($24,000), Stallings Award Foundation ($17,500).
| Recipient | Purpose | Amount |
|---|---|---|
| STALLINGS AWARD FOUNDATION DALLAS, TX | CHARITABLE TRIBUTE | $17,500 |
| SALESMANSHIP CLUB OF DALLAS DALLAS, TX | EDUCATION AND COUNSELING | $24,000 |
| WOMEN'S AUXILIARY CHILDREN'S HEALTH DALLAS, TX | SERVING PATIENTS TREATED AT CHILDREN | $5,000 |
| UNIVERSITY OF ALABAMA TUSCALOOSA, AL | FASHION & DESIGN BUILDING FUND | $66,667 |
| DALLAS 24 HOUR CLUB DALLAS, TX | CHARITABLE TRIBUTE | $5,500 |
| SOUTHEAST GEORGIA HEALTH SYSTEM FOU BRUNSWICK, GA | CHARITABLE TRIBUTE | $6,000 |
| SCOTTISH RITE FOR CHILDREN DALLAS, TX | CHARITABLE TRIBUTE | $5,000 |
| PEROT MUSEUM OF NATURE AND SCIENCE DALLAS, TX | CHARITABLE TRIBUTE | $10,000 |
| SOUTHWESTERN MEDICAL FOUNDATION DALLAS, TX | CHARITABLE TRIBUTE | $10,000 |
| TEXAS DPS TROOPER FOUNDATION AUSTIN, TX | PUBLIC SERVICE SUPPORT | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MAURA BRADY COSTELLO | PRESIDENT | 1.25 | — |
| TIMOTHY P COSTELLO | VICE PRESIDE | 1.25 | — |
| CAITLIN BRADY COSTELLO | SECRETARY | 1.25 | — |
| ERIN ASHLEY COSTELLO | TREASURER | 1.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Costello Family Foundation?
Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $3.0M in total assets as of 2024.
How large is Costello Family Foundation?
As of 2024, Costello Family Foundation holds $3.0M in total assets with $365K in annual revenue. It awarded 21 grants totaling $159K in 2024.
Where does Costello Family Foundation operate?
Costello Family Foundation has awarded grants in Alabama, Colorado, District of Columbia, Georgia, Louisiana, Missouri, North Carolina, New York, Texas.
What size grants does Costello Family Foundation award?
In 2024, Costello Family Foundation awarded 21 grants totaling $159K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Costello Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Costello Family Foundation reported a distributable amount of $147K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Costello Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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