EL Wiegand Foundation

RENO, NV EIN: 94-2839372

EL Wiegand Foundation is a private foundation, based in RENO, NV. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $154.5M in total assets. In 2024, it awarded 1 grants totaling $4.9M. Net investment income was $5.2M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$154.5M

+18.9% YoY

Annual Giving

$4.9M

-13.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4.9M

-13.5% YoY

Under IRS private-foundation payout rules, EL Wiegand Foundation reported a distributable amount of $7.6M for 2024 — the minimum it must pay out in qualifying distributions.

About EL Wiegand Foundation

Based on IRS filings

Ready to take the next step with EL Wiegand Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Nevada $21.2M (100%)

States

Nevada

Cities

See Grant Statement

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$154,478,589	$129,923,065	$132,567,354
Revenue	$6,314,845	$5,478,797	$7,493,328
Expenses	$6,897,393	$12,184,107	$9,503,271
Qualifying Distributions	$6,723,574	$7,243,157	$7,856,589
Net Investment Income	$5,230,175	$4,457,075	$6,190,304
Distributable Amount	$7,583,987	$6,722,010	$6,931,891

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Grant Statement ($4,907,258).

Recipient	Purpose	Amount
See Grant Statement See Grant Statement, NV	See Grant Statement	$4,907,258

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Raymond C Avansino Jr Esq	Chair/CEO/CIO	40	$390,000
Marisa Avansino	V-Chair/Pres/ED	25	$220,000
Frank J Fahrenkopf Jr Esq	Trustee	3	$50,000
Mario J Gabelli	Trustee	3	$4,000
Calgary A Avansino	V-Chair/Pres/ED	25	$220,000
Michael Melarkey	Trustee	3	$59,000
Robert Randick Jr	Trustee	3	$50,000
JoAnna Tote	Sect'y/Treas	40	$215,758

Frequently Asked Questions

How large is EL Wiegand Foundation?

As of 2024, EL Wiegand Foundation holds $154.5M in total assets with $6.3M in annual revenue. It awarded 1 grants totaling $4.9M in 2024.

Where does EL Wiegand Foundation operate?

EL Wiegand Foundation has awarded grants in Nevada.

What size grants does EL Wiegand Foundation award?

In 2024, EL Wiegand Foundation awarded 1 grants totaling $4.9M — an average of about $4.9M per grant, based on its IRS Form 990 filings.

How much is EL Wiegand Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, EL Wiegand Foundation reported a distributable amount of $7.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.