Floi Foundation
Floi Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 3 grants totaling $15K. Net investment income was $250K.
Floi Foundation at a glance
In short: Floi Foundation gave $15K across 3 grants in 2025 (avg $5K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,000
- Grants made (2025)
- 3
- Average grant
- $5,000
- Median grant
- $5,000
- Total assets
- $1,641,217
- +113.1% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Floi Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Trinity School ($13K across 2 grants). Together the top 2 received $15K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Floi Foundation gives
- In 2025 it paid out 58% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 3 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trinity School Menlo Park, CA | General & Unrestricted | $8,000 |
| Trinity School Menlo Park, CA | Making Magic Happen Annual Fund | $5,000 |
| California Academy of Sciences GGP San Francisco, CA | General & Unrestricted | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,641,217 | $900,644 | $29,549 | $15,000 | 3 | $26,106 | $249,686 | $44,867 |
| 2024 | $770,122 | $778,750 | $8,628 | — | — | $8,628 | $10,289 | $5,414 |
Under IRS private-foundation payout rules, Floi Foundation reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Floi Foundation is led by Gianluca Milano, Director, President, Secretary & Treasurer on every filing since 2024; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gianluca Milano
Director, President, Secretary & Treasurer
On filings since 2024
1 hr/week
No compensation reported
Lauren Milano
Director
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Floi Foundation
How much does Floi Foundation give each year?
Floi Foundation gave $15K across 3 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Floi Foundation's typical grant size?
Floi Foundation's median grant in 2025 was $5,000, and its average grant was $5,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Floi Foundation give grants?
Floi Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Menlo Park, CA (2 grants).
Does Floi Foundation give general operating support?
Yes: 100% of Floi Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Floi Foundation?
Floi Foundation reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Floi Foundation's EIN?
Floi Foundation's EIN (Employer Identification Number) is 99-3700919. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal year 2024
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