Formento Family Foundation
Formento Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Peoria, AZ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 11 grants totaling $220K.
Key facts about Formento Family Foundation
- EIN
- 87-3699028
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $220,000
- Grants made (2024)
- 11
- Average grant
- $20,000
- Median grant
- $9,000
- New grantees (estimate)
- 18% first-time grantees (2 of 11, 2024)
- Total assets
- $1,363,130
- Primary geography
- Arizona (61% 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).
Who Formento Family Foundation funds
By grant dollars, the top recipient states for Formento Family Foundation's 11 itemized 2024 grants were Arizona (61%), Florida (18%) and Maryland (18%). The most frequent recipient cities were Phoenix, AZ (5 grants). 27% of grants with a stated purpose were for general or operating support.
Is Formento Family Foundation open to new grantees?
18%
first-time grantees, 2024
In 2024, 2 of 11 grantees (18%) were first-time recipients. First grants averaged $5K; repeat grants $23K. How we count
Medians: $5K first-time, $16K repeat.
- 82% of 2024 grantees were also funded in 2023. Method
Estimate from itemized IRS Form 990-PF grant lists (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Formento Family Foundation
- How to evaluate Formento Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-10.2% YoY
Annual Giving
$220K
+50.7% YoY
Grant Count
11
+22.2% YoY
Avg Grant Size
$20K
+23.3% YoY
About Formento Family Foundation
Based on IRS filings
Formento Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Peoria, AZ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 11 grants totaling $220K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,363,130 | $1,518,099 | $1,361,750 |
| Revenue | $65,031 | $345,349 | — |
| Expenses | $220,000 | $146,000 | $138,250 |
| Qualifying Distributions | $220,000 | $146,000 | $138,250 |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include St Vincent De Paul ($46,500), St Marys Food Bank ($43,000), Food for the Poor ($39,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST VINCENT DE PAUL Phoenix, AZ | TO FEED A HUNGRY NEIGHBOR. | $46,500 |
| ST MARYS FOOD BANK Phoenix, AZ | TO HELP FEED HUNGRY FAMILIES THROUGHOUT PHOENIX AND NINE ARIZONA COUNTIES. | $43,000 |
| FOOD FOR THE POOR Coconut Creek, FL | TO HELP WITH FUNDING AND FURTHER THEIR MISSIONHELP US SERVE THOSE IN EXTREME POVERTY. WITH YOUR HELP, TO HELP THOSE IN EXTREME POVERTY. | $39,000 |
| CATHOLIC RELIEF SERVICES Baltimore, MD | GENERAL SUPPORT | $38,500 |
| BILLY'S PLACE Glendale, AZ | TO PROVIDE SUPPORT TO CHILDREN AND THEIR FAMILIES THROUGH THEIR GRIEF JOURNEY. | $16,000 |
| THE FRANCISCAN FRIARS Laveen, AZ | TO SUPPORT AND HELP GOD'S PEOPLE, SHARING THE MESSAGE OF RECONCILIATION, UNITY AND AT-ONE-MENT ON THREE CONTINENTS. | $9,000 |
| SISTER FOR LIFE Phoenix, AZ | GENERAL SUPPORT | $7,000 |
| CONGREGATION OF HOLY CROSS Phoenix, AZ | TO SUPPORT ONGOING OPERATIONS AND THE CHARISM OF HOLY CROSS. | $6,000 |
| NPH USA Chicago, IL | TO PROVIDE PHYSICAL, EMOTIONAL AND SPIRITUAL SUPPORT ON A LONG-TERM BASIS TO DISADVANTAGED CHILDREN. | $6,000 |
| TIA FOUNDATION Phoenix, AZ | TO PROVIDE A LIFETIME OF MEDICAL CARE TO SOME OF THE POOREST PEOPLE IN THE MOST REMOTE AREAS MEXICO. | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Nicholas Formento | Trustee | — | — |
| Barabara Formento | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Formento Family Foundation?
Formento Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Peoria, AZ. It holds $1.4M in total assets as of 2024.
How large is Formento Family Foundation?
As of 2024, Formento Family Foundation holds $1.4M in total assets with $65K in annual revenue. It awarded 11 grants totaling $220K in 2024.
Where does Formento Family Foundation operate?
Formento Family Foundation has awarded grants in Arizona, California, Florida, Illinois, Maryland, Tennessee.
What size grants does Formento Family Foundation award?
In 2024, Formento Family Foundation awarded 11 grants totaling $220K — an average of about $20K per grant, based on its IRS Form 990 filings.
What is Formento Family Foundation's EIN?
Formento Family Foundation's EIN (Employer Identification Number) is 87-3699028. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.