Frascella Family Foundation Corp
Frascella Family Foundation Corp is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENWICH, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $693K in total assets. In 2024, it awarded 6 grants totaling $108K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$693K
-13.2% YoY
Annual Giving
$108K
-72.1% YoY
Grant Count
6
-45.5% YoY
Avg Grant Size
$18K
-48.8% YoY
Under IRS private-foundation payout rules, Frascella Family Foundation Corp reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
About Frascella Family Foundation Corp
Based on IRS filings
Frascella Family Foundation Corp is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENWICH, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $693K in total assets. In 2024, it awarded 6 grants totaling $108K. Net investment income was $10K.
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 | $692,996 | $798,602 | $904,277 |
| Revenue | $10,394 | $281,325 | $1,203 |
| Expenses | $116,000 | $387,000 | $47,550 |
| Qualifying Distributions | $108,000 | $387,000 | $47,500 |
| Net Investment Income | $10,394 | $281,325 | $1,203 |
| Distributable Amount | $90,814 | $92,112 | $104,027 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Rescue Project ($60,000), Princeton University ($15,000), Friends of Greenwich Crew ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of Greenwich Crew Cos Cob, CT | Student Athletics | $12,000 |
| American Rescue Project Washington, DC | Humanitarian Aid | $60,000 |
| Princeton University Princeton, NJ | Education | $15,000 |
| Walter and Patti Blenko Scholarship Fund Bethel Park, PA | Education | $1,000 |
| Rollins College Winter Park, FL | Education | $10,000 |
| Pathways Inc Greenwich, CT | Mental Health Support Service | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Anthony Frascella | Director/Treas | — | — |
| Jennifer Kratt Frascella | Director/Pres | — | — |
| Charlean Kratt | Director/Sec | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frascella Family Foundation Corp?
Frascella Family Foundation Corp is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENWICH, CT. It holds $693K in total assets as of 2024.
How large is Frascella Family Foundation Corp?
As of 2024, Frascella Family Foundation Corp holds $693K in total assets with $10K in annual revenue. It awarded 6 grants totaling $108K in 2024.
Where does Frascella Family Foundation Corp operate?
Frascella Family Foundation Corp has awarded grants in Connecticut, District of Columbia, Florida, Massachusetts, New Jersey, Pennsylvania.
What size grants does Frascella Family Foundation Corp award?
In 2024, Frascella Family Foundation Corp awarded 6 grants totaling $108K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Frascella Family Foundation Corp required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frascella Family Foundation Corp reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frascella Family Foundation Corp's EIN?
Frascella Family Foundation Corp's EIN (Employer Identification Number) is 20-8654691. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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