David & Diane Toole Foundation
David & Diane Toole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTOLA VALLEY, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68K in total assets. In 2024, it awarded 27 grants totaling $70K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$68K
Annual Giving
$70K
Grant Count
27
Avg Grant Size
$3K
Under IRS private-foundation payout rules, David & Diane Toole Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About David & Diane Toole Foundation
Based on IRS filings
David & Diane Toole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTOLA VALLEY, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68K in total assets. In 2024, it awarded 27 grants totaling $70K. Net investment income was $11K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $67,773 | $159,113 | $155,777 |
| Revenue | $10,801 | $8,796 | $13,323 |
| Expenses | $70,196 | $7,152 | $8,028 |
| Qualifying Distributions | $69,949 | $7,100 | $8,000 |
| Net Investment Income | $10,554 | $8,744 | $13,295 |
| Distributable Amount | $5,531 | $8,280 | $9,032 |
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
99 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Digital Ocean ($50,000), Jobs for the Future ($10,000), Blue Frontier ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE FRONTIER RICHMOND, CA | CHARITABLE | $1,000 |
| LARRY SILVER MEMORIAL CANCER SUPPORT ARVADA, CO | CHARITABLE | $100 |
| FINE ARTS SAN FRANCISCO, CA | CHARITABLE | $300 |
| CHRONICLE SEASON OF SHARING SAN FRANCISCO, CA | CHARITABLE | $250 |
| PLANNED PARENTHOOD NEW YORK, NY | CHARITABLE | $750 |
| SECOND HARVEST SAN JOSE, CA | CHARITABLE | $500 |
| GLIDE SAN FRANCISCO, CA | CHARITABLE | $300 |
| KQED SAN FRANCISCO, CA | CHARITABLE | $500 |
| HIAS SILVER SPRING, MD | CHARITABLE | $400 |
| AARP LONG BEACH, CA | CHARITABLE | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID TOOLE | PRESIDENT/DIRECTOR | 1 | — |
| DIANE TOOLE | SEC./TREAS./DIRECT. | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is David & Diane Toole Foundation?
David & Diane Toole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTOLA VALLEY, CA. It holds $68K in total assets as of 2024.
How large is David & Diane Toole Foundation?
As of 2024, David & Diane Toole Foundation holds $68K in total assets with $11K in annual revenue. It awarded 27 grants totaling $70K in 2024.
Where does David & Diane Toole Foundation operate?
David & Diane Toole Foundation has awarded grants in California, Colorado, District of Columbia, Florida, Massachusetts, Maryland, Minnesota, New Jersey, New York, Ohio, Pennsylvania, Virginia, Vi.
What size grants does David & Diane Toole Foundation award?
In 2024, David & Diane Toole Foundation awarded 27 grants totaling $70K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is David & Diane Toole Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David & Diane Toole Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David & Diane Toole Foundation's EIN?
David & Diane Toole Foundation's EIN (Employer Identification Number) is 77-0388879. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in David & Diane Toole 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.