Damico Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.6M in total assets. In 2024, it awarded 12 grants totaling $553K. Net investment income was $558K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.6M
+3.5% YoY
Annual Giving
$553K
+18.2% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$46K
+37.9% YoY
Under IRS private-foundation payout rules, Damico Family Foundation reported a distributable amount of $539K for 2024 — the minimum it must pay out in qualifying distributions.
About Damico Family Foundation
Based on IRS filings
Damico Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.6M in total assets. In 2024, it awarded 12 grants totaling $553K. Net investment income was $558K.
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 | $9,563,289 | $9,240,601 | $8,105,933 |
| Revenue | $565,239 | $1,374,365 | $971,409 |
| Expenses | $564,389 | $479,994 | $489,723 |
| Qualifying Distributions | $552,846 | $467,623 | $472,830 |
| Net Investment Income | $558,292 | $367,120 | $361,967 |
| Distributable Amount | $539,082 | $464,690 | $464,667 |
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lurie Children's Hospital Foundation ($322,846), Northwestern Medicine - Lake Forest Hospital ($50,000), Uniting Voices ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BERNIE'S BOOK BANK LAKE FOREST, IL | GENERAL SUPPORT | $10,000 |
| BRICKS OF HOPE LAKE ZURICH, IL | GENERAL SUPPORT | $10,000 |
| LURIE CHILDREN'S HOSPITAL FOUNDATION CHICAGO, IL | GENERAL SUPPORT | $322,846 |
| NORTHERN ILLINOIS FOOD BANK GENEVA, IL | GENERAL SUPPORT | $15,000 |
| NORTHWESTERN MEDICINE - LAKE FOREST HOSPITAL LAKE FOREST, IL | GENERAL SUPPORT | $50,000 |
| OPERATION SMILE VIRGINIA BEACH, VA | GENERAL SUPPORT | $25,000 |
| SHIRLEY RYAN ABILITY LAB CHICAGO, IL | GENERAL SUPPORT | $20,000 |
| TUTORING CHICAGO CHICAGO, IL | GENERAL SUPPORT | $20,000 |
| YOUTH & FAMILY COUNSELING LIBERTYVILLE, IL | GENERAL SUPPORT | $15,000 |
| JMU FOUNDATION HARRISONBURG, VA | GENERAL SUPPORT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDSAY D BIANCO | SECRETARY | — | — |
| JOSEPH E BIANCO | TRUSTEE | — | — |
| JOSEPH D DAMICO | TRUSTEE | — | — |
| LAUREN D LAIDLEY | TRUSTEE | — | — |
| PAMELA C DAMICO | VICE PRESIDENT | — | — |
| JOSEPH F DAMICO | PRESIDENT & TREASURER | — | — |
| CHRISTINE V DAMICO | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Damico Family Foundation?
Damico Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. It holds $9.6M in total assets as of 2024.
How large is Damico Family Foundation?
As of 2024, Damico Family Foundation holds $9.6M in total assets with $565K in annual revenue. It awarded 12 grants totaling $553K in 2024.
Where does Damico Family Foundation operate?
Damico Family Foundation has awarded grants in Connecticut, Illinois, Minnesota, New York, Oregon, Virginia.
What size grants does Damico Family Foundation award?
In 2024, Damico Family Foundation awarded 12 grants totaling $553K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is Damico Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Damico Family Foundation reported a distributable amount of $539K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Damico Family Foundation's EIN?
Damico Family Foundation's EIN (Employer Identification Number) is 01-0702653. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Damico 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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