Costello Family Foundation
The Costello Family Foundation is based in Dallas, Texas, and its filing type is 990T. In 2024, it reported 21 grants totaling $159,317 to organizations in Texas, Alabama, Georgia, New York, and Missouri.
Key facts about Costello Family Foundation
In short: Costello Family Foundation gave $159K across 21 grants in 2024 (avg $8K), mostly in Texas. 38% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 81-4623000
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $159,317
- Grants made (2024)
- 21
- Average grant
- $7,587
- Median grant
- $2,500
- New grantees (estimate)
- 38% first-time grantees (8 of 21, 2024)
- Total assets
- $2,972,102
- Primary geography
- Texas (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
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.
Is Costello Family Foundation open to new grantees?
38%
first-time grantees, 2024
In 2024, 8 of 21 grantees (38%) were first-time recipients. First grants averaged $5K; repeat grants $9K. How we count
Medians: $4K first-time, $500 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.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for education, children’s services, medical care, recovery services, community programs, and land conservation, as reflected in the grantees’ descriptions and grant purposes.
Grantmaking
In 2024, the foundation gave $159,317 across 21 grants. Grants ranged from $200 to $66,667, with a median grant of $2,500.
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Geographic Focus
Where this funder awards grants
The 2024 filing reports grant dollars by recipient state as Texas 50%, Alabama 42%, Georgia 7%, New York 1%, and Missouri 0%.
Grant Distribution by State
Share of all 21 itemized 2024 grant dollars.
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $2,972,102 | $364,654 | $180,586 | $159,317 |
| 2023 | $2,662,646 | $77,636 | $129,449 | $110,517 |
| 2022 | $2,595,996 | $93,169 | $62,323 | $43,325 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Maura Brady Costello as president, Timothy P. Costello as vice president, 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.
Contact
Mailing address: 3640 Stratford Ave, Dallas, TX 75205
Phone: (214) 753-4310
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 $5K 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 mission statement for the foundation is provided. Its 2024 grants included support for education, children’s services, medical care, recovery services, community programs, and land conservation, as reflected in the grantees’ descriptions and grant purposes. See mission & focus areas ↑
How do I apply for a grant from Costello Family Foundation?
In 2024, the foundation gave $159,317 across 21 grants. Grants ranged from $200 to $66,667, with a median grant of $2,500.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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